Cryptocurrency Advancements and Blockchain Technology Go Mainstream Creating Innovative Fundamentals for Global Economic Syst...
June 28 2017 - 10:21AM
InvestorsHub NewsWire
PALM BEACH, FL - June 28, 2017 - Wall Street Corner
Report
Bitcoin, the breakout digital currency, recently hit new highs
causing the financial services sector to sit up and take notice of
the growing trend toward acceptance of cryptocurrency development.
The expanding support and recognition for cryptocurrencies, many
companies and industries are beginning to realize the ways that the
fintech industry might be able to provide blockchain solutions for
consumers while establishing trust, security, financial services
and privacy. Companies with direct involvement in industry
include: Ciao Group, Inc. (OTC:
CIAU), International Business Machines Corporation (NYSE:
IBM), MGT Capital Investments, Inc. (OTC:
MGTI), Apple (NASDAQ: AAPL)
and First Bitcoin Capital Corp (OTC:
BITCF).
Ciao Group, Inc. (OTC:
CIAU) today announced plans to enter a collaboration
agreement with Hub Culture to pilot a secure digital financial
products marketplace constructed on a blockchain backbone and
linked to a digital asset service engine managed by Hub Culture.
Ciao Group recently revealed its Blockchain Frontier Markets
Project , which has been under development over the
past year with a specific initial target of bringing increased
liquidity to USD$530 billion in African publicly traded
company market capitalization. Hub Culture is a collaboration
platform founded in 2002 to facilitate the needs of an increasingly
global citizenship serviced by Hub Culture's sophisticated,
digitally backed 'Pavilions.' Today, Hub Culture is a leader in the
formation of 'ecosystem technologies' a set of linked and
interdependent services including flagship Pavilions,
2048 fast retail, the Ven digital
currency, HubID digital identity system,
the Zeke.ai machine intelligence project, and
the Open Audit Initiative, a blockchain audit service. Hub
Culture's HubID technology was built with inspiration from ID3's
Open Mustard Seed Framework and adheres to the 2014 Windhover
Principles around individual data ownership online. Ciao Group was
notably interested in working with Hub Culture based on Hub
Culture's digital currency experience. Hub Culture introduced its
digital currency, 'Ven,' in 2007, and has long been a leader in
application uses for digital currency worldwide. Over 500 million
Ven have circulated since debut with an economy of over $100
Million in related inventory, including Hub Culture
Syndicates, bridge placement vehicles linked to over a dozen major
digital assets and cryptocurrencies. Ven is the world's most stable
currency, with primary value tied to a diversified basket of
underlying assets including fiat currencies, commodities and
carbon. It trades at floating exchange rates. Read this and more
news for Ciao Group at http://www.marketnewsupdates.com/news/ciau.html
These and other emerging technologies are currently being utilized
at the Hub Culture Innovation Campus and Beach Club, operating
in Bermuda this summer as a showcase for fintech
innovation.
Ciao Group's Refreshed Business Plan And Name Change To NuMelo
Technology - Ciao Group recently announced a refreshed business
plan to concentrate on developing locally sourced technology and
telecommunication services within frontier and emerging economic
markets. The Company is in the process of changing its name to
NuMelo Technology as part of the business plan refresh.
In other Bitcoin, Blockchain Technology developments:
IBM (NYSE: IBM)
is building blockchain technology that will be used by seven
of Europe's largest banks, including HSBC and Rabobank,
to facilitate international trade for small and medium-size
enterprises, the company said on Tuesday (June 27). The project
will mark one of the first real-world use cases of blockchain
technology in financial institutions. The potential of blockchain
has been praised by the banking industry over the past couple of
years, but the first real applications are beginning.http://www.cnbc.com/2017/06/26/ibm-building-blockchain-for-seven-major-banks-trade-finance.html
MGT Capital Investments, Inc. (OTC:
MGTI) announced today an agreement with Bit5ive LLC to
purchase up to 60 graphics processor-based mining computers. These
machines will utilize the highest quality GPU cards and Intel CPU's
with a design to divide the hash rate between Ethereum (ETH) and
Ethereum Classic (ETC). The utility of smart contract technology
has gained the interest of many on and off Wall Street in recent
months. For example, Grayscale investments, led by Barry
Silbert, announced plans to launch the "Classic Ether Trust," with
Bloomberg adding Grayscale's Ethereum Classic ticker symbol and
investment thesis to its research base. We also believe the
formation of the Enterprise Ethereum Alliance - comprised of many
of the world's leading technology companies - will lead to new and
exciting applications and verticals utilizing the Ethereum
blockchain, all requiring more robust mining power in order to
execute transactions.
Apple, Inc. (NASDAQ: AAPL)
co-founder Steve Wozniak revealed he bought bitcoin when
it was at $700 during an interview with CNBC at
eMerge Miami on Monday - June 12, 2017. Wozniak
didn't disclose how much he acquired, but the cryptocurrency surged
above $3,000 over the following weekend, meaning he
gained $2,300 even if he just bought a single bitcoin. "I
remember getting interested in bitcoin some time ago," Wozniak
said. "It was $70 for a bitcoin, man and I went online
and you had to have a special bank account at a special bank and I
couldn't buy any bitcoin so I gave up. Eventually I got some
of them at the $700 stage and it went down to $350.
I didn't invest, I did it so I could play with
bitcoin." http://www.cnbc.com/2017/06/12/apples-steve-wozniak-bought-bitcoin-at-700.html
First Bitcoin Capital Corp (OTC:
BITCF) and Simple Automated Money, Inc. (SAMCO)
announced this month that SAMCO will provide automated
check-cashing kiosks through BITCF locations in Northern
California. SAMCO's Web-enabled automated check-cashing kiosks
merge unique and exclusive check cashing capabilities to provide
unbanked consumers with a fast and confidential check-cashing
experience. In a pilot test program, BITCF has ordered S.A.M.
Kiosks to integrate Bitcoin ATM into self-service check cashing
kiosks nationwide. BITCF is conducting the pilot test and studying
customer acceptance of the check cashing kiosks with 3 units
in Northern California. The company anticipates beginning a
national rollout later in 2017. During the pilot, BITCF will offer
discounted check-cashing services and will promote the new service
through online advertising, in-store signs and special events ...
all aimed at consumers who use alternative check-cashing
services.
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