NewsRoom Articles - Page 48 of 51

TuesdayAug 08, 2017 9:00 am

Absent Federal Banking Support, Cannabis Market Shows Growing Interest in Proprietary Bitcoin Payment Solutions

CryptoCurrencyWire Editorial Coverage: The legal marijuana industry continues its impressive growth, despite the inability to access a wide range of banking solutions, given that cannabis is still classified as a Schedule I substance by the Federal government. Similarly, bitcoin is a booming market, recently hitting an all-time high of $3,0001 per unit. These two fast-growing markets are already working together, providing investors with significant and diversified opportunities. Several companies, such as SinglePoint, Inc. (SING), First Bitcoin Capital Corp. (BITCF), Epazz, Inc. (EPAZ) and Bitcoin Services, Inc. (BTSC), are focused on innovative bitcoin-based payment solutions to benefit the legal marijuana industry…

TuesdayJul 25, 2017 1:22 pm

SinglePoint (SING) Sees Advantages in Bitcoin, Formation of SingleSeed.com, and Joint Venture with First Bitcoin Capital Corp.

Company sees four to five more acquisitions in pipeline after its investment in California firms DIGS and Convectium Hired a blockchain expert as part of project addressing payment processes for the cannabis industry Hired Turner, Stone & Company LLC to complete 2016 financial audit Wil Ralston, president of SinglePoint, Inc., (OTC: SING), and Greg Lambrecht, CEO, say their company is primed to make four to five more acquisitions as it sees further opportunity in the cannabis market and medical marijuana. It is supporting dispensaries with the cryptocurrency bitcoin and is helping legal sellers solidify an online presence with subsidiary SingleSeed.com.…

ThursdayJul 13, 2017 9:00 am

Savvy Publicly Traded Bitcoin Players Contributing to Cryptocurrency’s Widespread Adoption

CryptoCurrencyWire Editorial Coverage: Bitcoin is rapidly being adopted and accepted as a valid form of payment, with major retailers like Overstock.com, Microsoft and Subway (1) among several U.S. companies that now accept digital currency – or cryptocurrency – as a form of payment. Japan adopted bitcoin as an official currency in April 2017, which has been a major step forward for this cryptocurrency on a global scale. Savvy companies are rushing to profit from the growing acceptance of bitcoin, whether by aiding further accessibility or by applying digital currency as a payment solution for high-risk industries that are considered “unbankable.”…

ThursdayJul 06, 2017 3:46 pm

SinglePoint (SING) Expands into Legal Cannabis Market with Bitcoin Transaction Option; Invests in Equipment, Consulting Space

SING expands into multi-billion dollar retail cannabis sales industry Partnership with First BitCoin Capital will overcome the cannabis industry’s banking roadblock by providing a cryptocurrency alternative SING moves into cannabis equipment and consulting market through subsidiary Discount Indoor Garden Supply Specialized holding company SinglePoint, Inc. (OTC: SING) is offering choice investment opportunities as it expands into the legal cannabis market. By overcoming a lack of banking options in the industry and entering the burgeoning field of consulting and supplies for legal cannabis growers, SinglePoint joins several other major companies including Scotts Miracle-Gro (NYSE: SMG) in the cannabis space. A recent…

FridayJun 30, 2017 9:14 am

SinglePoint (SING) Interview Discusses Key Aspects of Recently Announced Bitcoin Joint Venture

SING targets the large and rapidly growing multi-billion dollar retail cannabis sales industry New agreement provides efficient and easy-to-apply solution to critical unmet need Purchasing model opens door to additional opportunities for investor profit in cannabis An iPod interview with SinglePoint president Wil Ralston (http://nnw.fm/pi9GN) covers the significant advantages that the company’s recently announced joint venture with First Bitcoin Capital Corp. (OTC: BITCF) represents for the cannabis industry. In a study of 20 U.S. jurisdictions by Greenwave Advisors, legal marijuana represented $6.5 billion in retail sales by May 2017, as reported by Forbes (http://nnw.fm/zs8S6). At the current level of growth,…

ThursdayJun 29, 2017 2:35 pm

Net Element’s (NASDAQ: NETE) North American Business Up 40 Percent in First Quarter

North American business up 40 percent in Q1 Track record of phenomenal domestic growth with international growth plan in place Zach’s pegs NETE at $3.12 per share once profitable Currently trading at 65 cents a share, Zach’s Small Cap Research just pegged Net Element (NASDAQ: NETE) at $3.12, five times current market value, once it reaches profitability (http://nnw.fm/wV8IN). The highly respected research firm noted that Net Element’s U.S. business growth was up a phenomenal 40 percent in the first quarter, while the company’s overseas operations and expansion were currently dragging down growth. However, global expansion has been a cornerstone of…

WednesdayJun 28, 2017 9:00 am

Bitcoin and Hydroponics Present Prime Investment Opportunities in the Legal Cannabis Space

CryptoCurrencyWire Editorial Coverage: In increasing volume, investment opportunities in the legalized marijuana industry are being added to the portfolio of many enterprising investors. Amid the numerous categories of investment options offered within this burgeoning industry, two sectors stand out: bitcoin, a digital currency that can facilitate the transfer of funds free of banks and government regulation, and hydroponics, an industry standard method of growing plants without soil. Companies like SinglePoint, Inc. (SING) (SING Profile), Bitcoin Investment Trust (GBTC), First Bitcoin Capital Corp. (BITCF), Scott’s Miracle-Gro Co. (SMG) and Terra Tech Corp. (TRTC) are currently forging paths in these increasingly popular…

MondayJun 26, 2017 8:54 am

SinglePoint’s (SING) $1M Promissory Note Furthers Efforts to Offer Bitcoin Payment Solution for Cannabis Businesses

Furthering its efforts to innovate solutions for the cannabis industry, SinglePoint, Inc. (OTC: SING) has taken a step forward in its endeavor to offer a bitcoin payments solution for cannabis businesses through its partnership with First Bitcoin Capital Corp. (OTC: BITCF). SinglePoint recently announced (http://nnw.fm/dS8l3) it has successfully closed a $1 million convertible promissory note with an institutional investor — the proceeds from which will be used to fund the company’s bitcoin payments endeavor and will enable SinglePoint to move quickly in developing a cryptocurrency solution and continuing its acquisitions activities in the cannabis space. A lack of banking options…

FridayJun 16, 2017 8:50 am

Net Element, Inc. (NASDAQ: NETE) CEO Discusses State of Global Fintech Industry at E2Exchange Event

The state of the global financial technology industry, new commerce models and payment processing platforms were the main topics of discussion approached by Net Element, Inc. (NASDAQ: NETE) CEO Oleg Firer during a special event organized by UK’s entrepreneurial network E2Exchange Ltd (E2E) on Wednesday, June 14. The event was part of the British organization's Leaders Series Breakfast at the House of Lords in London and was hosted by Lord Karan Bilimoria CBE, DL, who is also board director of the E2E, chancellor of Birmingham University and co-founder of Cobra Beer. During the Breakfast at the House of Lords event,…

ThursdayJun 15, 2017 11:23 am

SinglePoint, Inc. (SING) Using Bitcoin to Bypass Banking Roadblocks

A total of 29 states now allow for comprehensive medical marijuana programs, and recreational marijuana is legal in eight. There’s no question that the country’s opinion of marijuana has changed. Public support for making marijuana legal has continued to climb over the years, as 61 percent of Americans now think recreational use of marijuana should be legal and 88 percent favor medical marijuana use. A vast majority of the states and the citizens of this country support legalized marijuana in spite of antiquated federal government strictures. These antiquated federal strictures create conflict. The states where it has been legalized, the…

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