BTCS Inc (OTCMKTS:BTCS), formerly known as Bitcoin Shop, Inc, has just filed its financial report for the quarter to March 31, 2016, with the company staying in the red, although revenues showed a significant rise from the same period a year earlier. The company posted a net loss of $2.04 million, reflecting high operating expenses.…
Read moreLess than three months after Israel’s Office of Chief Scientist (OCS) approved the proposed merger of blockchain technology focused group BTCS Inc (OTCMKTS:BTCS) and Spondoolies-Tech Ltd, the Israeli transaction verification server manufacturer ceased operations. On May 4, 2016, a hearing was held in the district court in Beersheva, Israel during which certain parties sought appointment of…
Read moreIsrael's Office of Chief Scientist (OCS) has approved the proposed merger of blochain technology focused group BTCS Inc (OTCMKTS:BTCS) and Israeli transaction verification server manufacturer Spondoolies-Tech Ltd. The companies receive this regulatory nod of consent about five months after they sealed a definitive merger agreement. The OCS approval is one of two key conditions for…
Read moreBTCS Inc (OTCMKTS:BTCS), formerly known as Bitcoin Shop, Inc., has just published its report for the fiscal year to December 31, 2015, with the data revealing a rise in revenues and a heavy net loss, reflecting mostly high operating expenses. The numbers are hardly surprising for anyone monitoring the fortunes of BTCS, which has been…
Read moreThe new server is the first collaborative product of the companies, which recently signed a definitive merger agreement.
Read moreThe announcement comes after in April this year the companies signed a Letter of Intent to merge, and later - in May, Spondoolies received investment worth $1.5 million from BTCS.
Read moreThe funding raised by the Israel-based digital currency server manufacturer reiterates the growing allure of Bitcoin start-ups for investors.
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