Bitcoin Ticker.

World’s First Underwriter for Initial Coin Offerings (ICO) to Root Out Unverified Coin Offerings

VANCOUVER, BC / ACCESSWIRE / April 26, 2017 / CoinQx Exchange LIMITED, a wholly owned subsidiary of FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF or “Company”, “We”, “Us” or “Our”) is the world’s first underwriter of Initial Coin Offerings.

The emerging proliferation of altcoins is rife with unverifiable ICOs which some say could result in the next South Seas Company Bubble not unlike that of the 16 th Century that resulted in Great Britain enacting the Bubble Act. What makes cryptocurrencies unlike that bubble is that cryptocurrencies have a new type of value and usage unknown to the 1700s. Comparisons were early made of Bitcoin to the Tulip frenzy of 15th Century Holland which turned out to be unfounded as well. Undoubtedly there will be many bubbles popping in most altcoins along the path to weeding out the fly-by-nights and perhaps a final bubble like that of the Internet when the stock market boom peaked on March 10 2000.

This has presented First Bitcoin Capital with a unique opportunity to act as an underwriter of ICOs which will make us also a gatekeeper to weed out undesirable coin offerings.

We envision that by acting as underwriter it will help differentiate the fly-by-night operators so that many potential speculators will avoid those that do not pass through our due diligence gateway.

We believe that we are uniquely suited for this endeavor in as much as being a transparent public company; filing reports with OTC Markets; the trading of our shares regulated by FINRA; our CoinQx exchange registered with FINCEN; experienced in peer-to-peer cryptocurrency creation; having launched our own ICO; as well as the first pubco dedicated to this space.

We are currently negotiating several underwritings including “Bonanza” now being offered as symbol “XZA” which has undergone our due diligence process sufficient to have agreed to act as best efforts underwriter at this point.

As another way to ferret out the less credible coin offerings that are already trading on cryptocurrency exchanges our www.altcoinmarket.com web site (under development) will give the altcoin community access to up and down vote all altcoins covered therein.

There also lacks conformity in this new space, therefore, First Bitcoin Capital Corp is in the process of developing systems like FINRA and CUSIP developed for identifiers including numbering and symbols generation yet to be placed on an open source blockchain.

Another aspect of peer to peer coins that makes it unlike the South Seas Company Bubble is the emergence of Decentralized Autonomous States and Organizations (DAS or DAO) brining the world into a previously unknown legal structure opening new horizons. What makes this brave new world like the South Seas Bubble is the rampant speculation in new ICOs that may also similarly be seen as gambling.

Wikipedia defines a DAO as follows:

A decentralized autonomous organization (DAO), sometimes labeled a decentralized autonomous corporation (DAC), is an organization that is run through rules encoded as computer programs called smart contracts.A DAO’s financial transaction record and program rules are maintained on a blockchain. There are several examples of this business model. The precise legal status of this type of business organization is unclear.

The best-known example was The DAO, a DAO for venture capital funding, which was launched with $150 million in crowdfunding in June 2016 and was immediately hacked and drained of US$50 million in cryptocurrency.

Background

Decentralized autonomous organizations have been seen by some as difficult to describe. Nevertheless, the conceptual essence of a decentralized autonomous organization has been typified as the ability of blockchain technology to provide a secure digital ledger that tracks financial interactions across the internet, hardened against forgery by trusted timestamping and by dissemination of a distributed database. This approach eliminates the need to involve a bilaterally accepted trusted third party in a financial transaction, thus simplifying the sequence. [2]The costs of a blockchain enabled transaction and of making available the associated data may be substantially lessened by the elimination of both the trusted third party and of the need for repetitious recording of contract exchanges in different records: for example, the blockchain data could in principle, if regulatory structures permitted, replace public documents such as deeds and titles. In theory, a blockchain approach allows multiple cloud computing users to enter a loosely coupled peer-to-peer smart contract collaboration.

Buterin proposed that after a DAO was launched, it might be organized to run without human managerial interactivity, provided the smart contracts were supported by a Turing complete platform. Ethereum, built on a blockchain and launched in 2015, has been described as meeting that Turing threshold, thus enabling DAOs. Decentralized autonomous organizations aim to be open platforms where individuals control their identities and their personal data.

Examples

Examples of DAOs are Dash, The DAO and Digix.io.[12] A value token called DigixDAO finished its crowdfunding campaign and the token began trading on exchanges on 28 April 2016.

Issues

Social

Shareholder participation in DAOs can be problematic. For example, BitShares has seen a lack of voting participation, because it takes time and energy to consider proposals.

Legal liability

The precise legal status of this type of business organization is unclear;some similar approaches have been regarded by the U.S. Securities and Exchange Commission as illegal offers of unregistered securities.Although unclear, a DAO may functionally be a corporation without legal status as a corporation: a general partnership.This means potentially unlimited legal liability for participants, even if the smart contract code or the DAO’s promoters say otherwise.Known participants, or those at the interface between a DAO and regulated financial systems, may be targets for regulatory enforcement or civil actions.

Security

The code of a given DAO will be difficult to alter once the system is up and running, including bug fixes that would be trivial in centralised code. Corrections for a DAO would require writing new code and agreement to migrate all the funds. Although the code is visible to all, it is hard to repair, thus leaving known security holes open to exploitation unless a moratorium is called to enable bug fixing.

In 2016, a specific DAO, The DAO, set a record for the largest crowdfunding campaign to date. However, researchers pointed out multiple issues in the code of The DAO. The operational procedure for The DAO allows investors to withdraw at will any money that has not yet been committed to a project; the funds could thus deplete quickly. Although safeguards aim to prevent gaming the voting of shareholders to win investments, there were a “number of security vulnerabilities”. These enabled an attempted large withdrawal of funds from The DAO that was initiated in mid-June 2016. However, after much debate, on the 20th July 2016, the Ethereum community arrived at a consensus decision to hard fork the Ethereum blockchain to bailout the original contract and thus $ETC was a result.

First Bitcoin Capital Corp is planning to launch a series of DAOs in 2017.


The Company continues to actively offer AltCoin (ALT), its first ICO as it approaches completion via
http://www.altcoinmarketcap.com

We are proud to report that ALT is now listed on 4 exchanges including CCEX.com, Cryptopia, OMNIDEX, and our own CoinQX.com. Altcoin (symbol ALT) was added to our competitor’s website today, coinmarketcap.com. We have also listed the recently launched 6 (see list below) indicative Bitcoin hard fork outcomes for speculators to predict the successful one(s) on www.CoinQX.com as well as adding “Bond.”

BITCOIN UNLIMITED FUTURES (XBU and XB)

BCOIN FUTURES (BCN)

BITCOIN PLASMA FUTURES (BPL)

BITCOIN PURSE FUTURES (BPU)

BITCOIN CLASSIC FUTURES (XBC)

BITCOIN XT FUTURES (BXT).

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time the Company owns and operates more than the following digital assets.

www.CoinQX.com cryptocurrency exchange, registered with FINCEN.

www.strain.ID cannabis strains genetic information depository on decentralized Blockchain

www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.

www.BITminer.cc providing mining pool management services.

www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.

www.bitcannpay.com Open Loop merchant services for dispensaries.

List of Omni protocol coins issued on the Bitcoin Blockchain owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release .Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com

SOURCE: First Bitcoin Capital Corp.

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$BITCF’s COINQX is the First Cryptocurrency Exchange to Offer Speculation in 6 Possible Outcomes of the Bitcoin Hard Fork

VANCOUVER, BC / ACCESSWIRE / April 21, 2017 / CoinQx Exchange LIMITED, a wholly owned subsidiary of FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF or “Company”) and the world’s dominate issuer of cryptographic, indicative tokens is pleased to announce the launching of 5 additional altcoins that allow speculation on the potential outcomes of the moves to hard fork from the Bitcoin Core.

Other exchanges are now preparing for the highly anticipated hard fork of Bitcoin into two coins, with the original to remain named as Bitcoin (symbol BTC) and the forked coin as an altcoin to be named Bitcoin Unlimited, symbol BTU based on utilizing “Segregated Witness” (SegWit). Unlike those competing exchanges, COINQX is anticipating 6 possible outcomes, e.g. Bitcoin Unlimited, BCOIN, Bitcoin Plasma, Bitcoin Purse, Bitcoin Classic and Bitcoin XT.

Many Bitcoin traders are anxious to begin trading in the outcome of the hard fork. As a means to capitalize on pent up anticipation, and allow a mechanism to predict the future values of these potentialities, CONQX freshly minted on the Bitcoin Blockchain not only 9,000,000 tokens known as “Bitcoin Unlimited Futures” symbols XBU and XB, but also 5 newer issues. When/if any of these 6 potential outcomes convert into actualities, they will not be convertible or equal to BTC or the hard forked altcoin(s), however, once any of these outcomes and the “futures” coins created by COINQX are trading on COINQX they will be exchangeable by willing participants based on customers’ matching bids and asks.

The five additional “futures” have been launched on the Bitcoin Blockchain using the same Omni Layer Protocol as XBU and have been named:

BCOIN FUTURES (BCN)

BITCOIN PLASMA FUTURES (BPL)

BITCOIN PURSE FUTURES (BPU)

BITCOIN CLASSIC FUTURES (XBC)

and BITCOIN XT FUTURES (BXT).

None of these “futures” tokens are backed by BTC nor are they securities, derivatives or futures contracts, yet, they are rather mere fiat cryptocurrencies designed to predict the future from their present popularity (and/or lack thereof).

In order to predict the outcome of the recent American elections, COINQX gave speculators several options including President Clinton (HILL) and President Trump (PRES). The markets in these coins accurately predicted that Clinton would lose the election as that altcoin descended towards one Satoshi while PRES held stronger as the November 8, 2016 electoral voting approached. The day the election was decided, HILL lost the most support and hit 1 Satoshi while PRES rose in BTC value. In addition to serving speculators and observers as indicators of future events, these altcoins also were designed to become the crypto equivalent of memorabilia with the intention that they would achieve a long lasting secondary life in the cryptocurrency markets. They continue to trade to this day with $PRES trading on 4 exchanges.

After the hard fork is complete, XBU and these new additional 5 futures-indicator-altcoin-competitors should also continue to trade -with the intention for those to survive as additional options to Bitcoin and the hard fork outcome as well as serving as independent altcoins and crypto collectors’ memorabilia.

While these newly issued altcoins are not directly related to the original Bitcoin or its potential hard fork(s), it is indirectly related by the fact that they were all issued on the Bitcoin Blockchain similar to the top 10 cryptocurrency, MaidSafeCoin. As a consequence, these 5 “futures” are already exchangeable on the OMNIDEX against other similarly generated tokens and currencies such as $OMNI, $USDT, $PRES, $TESLA, $GARY, $BURN, $HILL, $MAID, $ALT, $XBU, $BOND via http://omnichest.info/mdexmarket.aspx?market=1 and will soon be tradable against additional currencies at www.coinqx.com

First Bitcoin Capital also plans to allow its clients to offer actual Bitcoin Unlimited (Futures) under symbol BTU and Bitcoin Core (Futures) under symbol BCC in competition with the Bitfinex and HitBTC exchanges through a process that will freeze in cold storage our participating clients’ BTC against future delivery of BTU. Once actual BTU is delivered to BTC owners, the BTC will be unfrozen in order to make actual delivery to the futures buyers. Another way to unfreeze and have their BTC returned before the hard fork would be to buy back the same amount of BTU and BCC sold and then take their BTU and BCC derivatives off the market. Further details of the procedure will soon be announced via coinqx.com

The Company continues to actively offer AltCoin (ALT), its first ICO via http://www.altcoinmarketcap.com and is in the process of becoming the world’s first ICO (Initial Coin Offering) underwriter for a third party cryptocurrency issuers.

Some of the background that led to COINQX releasing these indicative altcoins is quoted below from the article published recently by @AlyssaHertig

http://www.coindesk.com/big-block-bitcoin-movement-embracing-bcoin/

Over the course of bitcoin’s two-year scaling debate, a few major alternatives have grown to challenge the network’s most popular and longest-running software, Bitcoin Core.

Among the more notable efforts have been Bitcoin XT and Bitcoin Classic, which prioritized support larger block sizes as a method to support more transactions. However, a side effect of their ambitious aims was that network users would need switch implementations to enact the changes, and not everyone has wanted to do so.

The development exposes one of the more curious aspects of the scaling debate, as alternative solutions have needed to propose both a technical change – and build their own developer team – as part of their bids to put forth differing ideas.

One of the main criticisms of Bitcoin Unlimited, one recently popular alternative that allows miners and users to flag support for the block size they want, is that the code is buggy – or, at least, not yet mature. For example, in March, attackers were able to exploit two such bugs, causing most of the network nodes running the software to temporarily shut down each time.

In this light, the emergence of an implementation called ‘Bcoin’ (built by bitcoin startup Purse) to the debate could be a notable development in the scaling saga.

The software project got a recent boost this week when it introduced its own take on an old scaling idea, ‘extension blocks‘ (or ‘e-blocks’), which the company painted as a way for getting around today’s block-size standstill.

The idea is controversial, as evidenced by complex technical discussion following the announcement, with some developers arguing that e-blocks would be an insecure addition.

Still, e-blocks have still seen a strong showing of support, in large part due to the perceived proficiency of its team. And, notably, Bitcoin Unlimited supporters have so far had favorable things to say about the project.

Haipo Yang, Chief Executive of mining firm ViaBTC, for instance, told CoinDesk that he supports Purse’s concept and the Bcoin team.

Yang said:

“I think that extension blocks will be the solution that moves forward.”

‘Promising’ option

Overall, the argument is developing that Bcoin, an alternative Node.js implementation that launched in September, boasts a stronger technical team than that of Bitcoin Unlimited and other so-called ‘big block’ teams.

Purse CTO and Bcoin developer Christopher Jeffrey, for example, has been praised for architecting the software, as well as an in-progress Lightning implementation called Plasma that could be layered on top.

Meanwhile, Joseph Poon, Lightning Network co-creator, helped author the specification for the Bcoin implementation’s recently introduced flagship tech.

One example of trust in the competence of the team, supporters argue, is that mining pool BTC.com has already mined one block while running the software in March – allegedly a first for a client not based on bitcoin’s original code implementation.

Purse has released a specification draft and reference implementation code that implements extension blocks on top of Bcoin.

That’s not to say that Bcoin wants to offer a replacement for Bitcoin Core, as has been suggested for other implementations. When first introduced, it was described by the company as a bitcoin alternative with cleaner code that could co-exist alongside other software versions.

Divisions remain

Despite Yang’s confidence, however, not all Bitcoin Unlimited supporters are going all in on extension blocks.

Former Bitcoin Foundation board member Olivier Janssens, for example, criticized the solution for its complexities, telling CoinDesk Bcoin’s idea was ‘way too complicated’.

“People need to get over their fear of hard forks,” he said.

Still, many are saying positive things about the solution, even if they’re possibly more focused on other scaling options.

“I like extension blocks, but I think there is almost no risk from making the actual blocks bigger, too,” bitcoin investor and Bitcoin.com operator Roger Ver, one of the most vocal advocates for Bitcoin Core alternatives, told CoinDesk.

Bitcoin Unlimited developer David Jerry Chan went so far as to compare the tech favourably to other available solutions.

“I see the proposal as a reasonable and better alternative than SegWit,” he said.

Chan went on to say that Bitcoin Unlimited developers are still discussing the proposal, and there’s no ‘official opinion’ from the team as yet.

As far as potential setbacks go, however, one of the criticisms of Bcoin is that it needs time to review, no matter the merits of its team. (SegWit, for example, was reviewed and tested for roughly a year before release.)

On the other hand, Purse CEO Andrew Lee has argued that the Bcoin code is already live, so it could take less time to review.

Indeed, according to the technology announcement, the next steps are to deploy it on the bitcoin test network, get further review, and wrap up the specification.

Yang agreed, concluding:

“We have already waited more than one year. We can wait three months.”

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time the Company owns and operates more than the following digital assets.

www.CoinQX.com cryptocurrency exchange, registered with FINCEN.

www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.

www.BITminer.cc providing mining pool management services.

www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.

www.bitcannpay.com Open Loop merchant services for dispensaries.

www.strain.ID cannabis strains genetic information depository on decentralized Blockchain.

List of Omni protocol coins issued on the Bitcoin Blockchain owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com

SOURCE: First Bitcoin Capital Corp.

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OTC Markets Adds Caveat Emptor Symbol to its Publication of Quotes on BITCF

VANCOUVER, BC / ACCESSWIRE / April, 19, 2017 / First Bitcoin Capital Corp. (OTC PINK: BITCF), the most prolific cryptographic creator of tokens on the Bitcoin Blockchain, received notice from OTC Markets of unusual market activities in its common shares.

Skull and Bones

The Company received notice yesterday from OTC Markets that the publication of quotations in BITCF will include a caveat emptor due to:

Public Interest Concern – OTC Markets Group has determined that there is a public interest concern regarding the security. There is unusual or unexplained trading activity in your security.”

“The Caveat Emptor symbol (a Skull and Crossbones icon) will remain on your company profile until OTC Markets Group believes there is no longer a public interest concern. The Company must continue to qualify for OTC Pink Current Information or OTCQB by doing the following:

Non-SEC Reporting companies must use the OTC Disclosure and News Service to make adequate current information available pursuant to the OTC Pink Basic Disclosure Guidelines and publish an Attorney Letter pursuant to the Attorney Letter Guidelines. The attorney letter must include responses to Exhibit B, Items 14 & 15. Non-SEC Reporting companies must also verify their company profile on www.otcmarkets.com.”

The Company recognizes that the demand for its shares has been over exuberant, which brought about the needed warning to investors. We believe this exuberance has been caused due to the markets recognizing that BITCF is emerging as the foremost public company in the Bitcoin space compounded by the upward momentum in the cryptocurrency’s growing popularity.

According to a call to OTC Markets, filing an opinion letter from SEC counsel will not immediately remove the warning icon as it will remain for at least 30 days as a matter of policy, however, the company has retained competent SEC counsel and expects to file the required opinion letter this week and meet all of other OTC Markets’ disclosure and compliance requirements.

About the Company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges), we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time, the Company owns and operates the following digital assets:

  • www.CoinQX.com cryptocurrency exchange, registered with FINCEN.
  • www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.
  • www.BITminer.cc providing mining pool management services.
  • www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN – commemorative presidential election coins.
  • www.bitcannpay.com Open Loop merchant services for dispensaries.

List of Omni protocol coins issued on the Bitcoin Blockchain owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release .Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com.

SOURCE: First Bitcoin Capital Corp.

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Bitcoin Unlimited Futures Used to Extinguish Debt of Leading Bitcoin Public Company

VANCOUVER, BC / ACCESSWIRE / April 6, 2017 / First Bitcoin Capital Corp (OTC PINK: BITCF), in a related party transaction paid off approximately $200,000 in debt utilizing Bitcoin Unlimited Futures, making the Company 100% debt free.

Bitcoin Unlimited Futures is one of the latest cryptographic creations of the company and rides on the rails of the Bitcoin Blockchain. Released by the Company as a means of allowing speculators to predict the outcome of the forthcoming hard fork of Bitcoin Core into two distinct assets, Bitcoin Unlimited Futures trades under the symbols XBU on the decentralized OMNIDEX and the Company’s subsidiary, COINQX.com as well as XB on the CCEX.com exchanges.

XBU or XB is not to be confused with competing efforts to presale actual Bitcoin Unlimited (BTU) prior to the hard fork, whereas in the case of XBU/XB our coin will not become BTU, instead, it will trade independently as a third currency. There is no relation of XBU or XB to the actual Bitcoin other than that it was created on and moves along the rails of the Bitcoin Blockchain using the Omni Layer Protocols.

BTU is trading at about half of the trading value of XBU/XB. Efforts by two competing exchanges to capitalize on the pending hard fork can be found here: http://coinmarketcap.com/currencies/bitcoin-unlimited/

Due to the ephemeral nature of XBU/XB, the Company’s creditor agreed to accept XBU at a discount from current illiquid market rates so that the company has paid 2,000 XBU/XT to settle this related party debt from its growing inventory of altcoins.

“Becoming debt free not only strengthens our balance sheet but is an important milestone for a development stage company which positions the company for a more rapid path to profitability.”

The company is also conducting its first ICO (Initial Coin Offering) which is actively offered at a bonus to “early bird” participants. In order to participate in the company’s recently announced AltCoin ICO, kindly review further details at http://www.AltCoinMarketCap.com

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time the Company is developing several cryptocurrency related businesses and owns and operates the following digital assets.

www.CoinQX.com cryptocurrency exchange, registered with FINCEN.

www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.

www.BITminer.cc providing mining pool management services.

www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.

www.bitcannpay.com Open Loop merchant services for dispensaries.

List of Omni protocol coins issued on the Bitcoin Blockchain owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS

Follow us on Twitter @First_Bitcoin $BITCF

About BITCOIN UNLIMITED

The Bitcoin Unlimited (BU) project seeks to provide a voice to all stakeholders in the Bitcoin ecosystem.

Every node operator or miner can currently choose their own block size limit by modifying their client. Bitcoin Unlimited makes the process easier by providing a configurable option for the accepted and generated block size via a GUI menu. Bitcoin Unlimited further provides a user-configurable failsafe setting allowing you to accept a block larger than your maximum accepted block size if it reaches a certain number of blocks deep in the chain.

By moving the block size limit from the protocol layer to the transport layer, Bitcoin Unlimited removes the only point of central control in the Bitcoin economy – the block size limit – and returns it to the nodes and the miners. An emergent consensus will thus arise based on free-market economics as the nodes/miners converge on consensus focal points, creating in the process a living, breathing entity that responds to changing real-world conditions in a free and decentralized manner.

This approach is supported by the evidence accumulated over the past six years. The miners and node operators have until now been free to choose a soft limit which, as demand grew, has always been increased in a responsive and organic manner to meet the needs of the market. We expect miners to continue in this tested and proven free-market way by, for instance, coordinating to set a new generated block size limit of 2MB and reject any blocks larger than 2MB unless they reach 4 blocks deep in the longest chain. As demand increases, the limit can easily be increased to 3MB, 4MB, and so on, thus removing central control over the process of finding the equilibrium block size by allowing the free market to arrive at the correct choice in a decentralized fashion.

As a foundational principle, we assert that Bitcoin is and should be whatever its users define by the code they run, and the rules they vote for with their hash power.

Bitcoin Unlimited seeks to remove existing practical barriers to stakeholders expressing their views in these ways.

For more information, please visit www.bitcoinunlimited.info

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release.Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com

SOURCE: First Bitcoin Capital Corp.

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$BITCF’s COINQX Publishes Frequently Asked Questions Regarding Its AltCoin (ALT) ICO Active Crowdsale

VANCOUVER, BC / ACCESSWIRE / April 3, 2017 / First Bitcoin Capital Corp (OTC PINK: BITCF) answers the below listed frequently asked questions in order to assist interested parties to better understand the nature and procedures to participate in its first Initial Coin Offering (ICO) sometimes also referenced to as an Initial Token Offering (ITO).

The timing of our first ICO precedes the new game changing events in Japan. Bitcoin has now gained the recognition of a mainstream currency along the lines of the world’s fiat currencies. The historic event follows the implementation of a new law in Japan which categorizes Bitcoin as a legal payment option within the country. The much-awaited law went into effect on the first day of April 2017. “The new law defines Bitcoin and other virtual currency as a form of payment method, not a legally-recognized currency. Bitcoin will continue to be treated as an asset unless there are future revisions or directives to Japanese tax law.” With the new law’s implementation, Bitcoin exchanges will also come under additional regulatory scrutiny. The recognition of cryptocurrency as a legal tender also means the applicability of regulations governing banks and financial institutions to cryptocurrency exchange platforms. They will be required to comply with strict anti-money laundering (AML) and Know Your Customer (KYC) requirements, along with annual audits. Other requirements include meeting the stated capital and cyber security requirements to ensure consumer protection.

The recognition of Bitcoin and other cryptocurrencies as legal payment instruments is good news for the global cryptocurrency ecosystem. Adoption of cryptocurrency is expected to increase among people, which will certainly, in turn, drive demand and price.

First Bitcoin Capital Corp releases the following FAQ regarding its newest cryptocurrency, ALT:

AltCoin FAQ

Altcoin (ALT) gives you the joint benefits of open blockchain technology while speculating on the booming cryptocurrency markets by ALT being aptly named for best branding to capture maximum market share.

How does AltCoin work and What are its Specs? AltCoin exists on The Bitcoin Blockchain through the Omni Protocol. The Omni Protocol is open source software that interfaces with blockchains to allow for the issuance and exchange of cryptocurrency tokens, in our case, “AltCoin”. The AltCoin is being offered via an ICO purchasable via Tether (USDT) the most popular Omni protocol currency that trades on par with and is 100% backed by USD. The process of buying and transferring Tether will be more fully explained below with links to exchanges where available. For those unfamiliar with trading on crypto exchanges, GoCoin may be the most convenient solution to acquiring USDT with USD.

How do I acquire AltCoin during the ICO?

Once owning Tether in your private wallet and while the ICO is running you simply need to send from your Omni Wallet at omniwallet.org -Tether (USDT) to the AltCoin issuer address as follows:

1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS

Just copy and paste that address into the send to address and as long as the ICO is running the sender’s Omni Wallet will automatically be credited with Altcoin (1 for 1 currently) plus a 20% bonus. This bonus will decease until the ICO is closed at which time post ICO received Tether will be manually returned to the sender if intended for the ICO. To check the current bonus percentages and verify that the ICO continues to be open, visit:

https://www.omniwallet.org/assets/details/149

Can I acquire ALT outside the ICO?

AltCoin has already begun trading on the Cryptopia Exchange where ALT trades in the secondary market. In other words, someone who bought in the ICO already sent some ALT to that exchange where those ALT now trade against Bitcoin (BTC). At time of this writing, the ALT is trading at a premium over the ICO. We expect ALT to be listed on many more exchanges as soon as the ICO is completed to be paired with many different fiat and cryptocurrencies.

Can Omni Protocol coins already be traded against ALT?

Tether has pathed the way, making it technologically simple for ALT to be traded and paired with USDT and other currencies on those exchanges already trading USDT. Markets can now be initiated and paired with ALT against other Omni protocol currencies such as OMNI, TESLA, PRES, HILL, USDT, GARY, BURN, BOND, XBU via: http://omnichest.info/mdexmarket.aspx?market=149.

How Can I monitor ALT issuances to learn the total issued and what will be that total?

It will not be known until the ICO is completed at the end of April 2017 how many AltCoins have been issued and that will depend on the popularity of this new coin. To monitor the total coins issued and transferred into the secondary markets, please see: http://omnichest.info/lookupsp.aspx?sp=149. In order to help find Altcoin (ALT) in the Omnichest numbering system search #149 while Tether (USDT) is searchable via #31. To monitor the Crowdsales of the ICO see Issuer’s Omni Wallet here: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS.

Once the ICO is complete there will be no further ALT issued or created, meaning that the fewer the ICO buyers the more scarce the currency.

Use of proceeds?

The USDT proceeds received by the Issuer, www.Coinqx.com, a cryptocurrency exchange (where ALT will soon be listed) and a subsidiary of First Bitcoin Capital Corp (stock symbol BITCF) will be used to build out www.Altcoinmarketcap.com where AltCoin (ALT) will be accepted so that owners of ALT will be able to use this new currency to advertise their goods and services. The USDT received will also be used for building walls of support in secondary trading of ALT and otherwise develop the issuer, its affiliates and for speculative trading in ALT and other cryptocurrencies. Should the proceeds not be sufficient to bring AltCoinMarketCap.com into full production, the Issuer and its parent company are dedicated to utilizing other resources to turn this website into the go to place for all things cryptocurrency. We plan to roll out AltCoinMarketCap.com before closing of this ICO.

Why Does Issuer earn 10% of each Issuance of ALT?

The 10% premium that the Issuer receives is earned in exchange for creating and issuing ALT and will be used and held for both short and long term capital gains. From our research, this is a very low amount and competitors often are more generous to themselves leaving a smaller percentage to be owned by the public.

Is AltCoin a Security?

ALT is not a security. The holders of AltCoin will be paid neither interest payments nor dividends nor will they own any property directly or indirectly in any asset or income source. ALT is merely a tokenized cryptocurrency not unlike Bitcoin. Each ALT acquired by speculators and end users will be the sole and separate personal property of the person or entity receiving ALT.

What is the relationship between AltCoin and AltCoinMarketCap.com?

While the intended use of ALT is as a forward-service receipt for ad-clicks purchased from AltCoinMarketCap.com based on the traffic that site may generate, it also may be used by holders in any legal transaction between willing participants. We estimate that the cpc for advertising on this new site will be low at first yet rise over time. Why will AltcoinMarketCap be a better Advertising Venue than, say, its obvious competitors CoinMarketCap.com or other sites? What these competitors lack is social activities and participation by the public. AltCoinMarketCap.com will engage the cryptocurrency enthusiasts allowing them to up vote and down vote coins based on their good and bad qualities as well as including social media attributes allowing interaction between those who login which will attract the public as they witness these events. The site name, data base and social interactions have been designed to place www.Altcoinmarket.com at the top of the search engines for key terms such as Altcoin, etc.

How does Tether work?

Tethers also exists on blockchains through the Omni Protocol. The Omni Protocol is open source software that interfaces with blockchains and allows for the issuance and redemption of cryptocurrency as managed tokens, in their case, “tethers”. Tether Platform currencies are 100% backed by actual fiat currency assets in their reserve account. Tethers are redeemable and exchangeable pursuant to Tether Limited’s terms of service. The conversion rate is 1 tether USD₮ equals 1 USD. The Tether Platform is fully reserved when the sum of all USDT in circulation is greater than or equal to the balance of fiat currency held in their reserve. Through its Transparency page, anyone can view both numbers in near real-time making Tether a stable and safe medium of exchange to acquire AltCoin in its ICO. For a more detailed technical explanation of how the Tether Platform works, please download the Tether white paper.

What real-world currencies does Tether support? Tether initially supports US Dollars (USD), Euros (EUR), and soon Japanese Yen (JPY). Represented by ₮, tether platform currencies are denoted as USD₮, EUR₮, and JPY₮.

Who can use Tether? Tether enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat currencies on blockchains. Some of the largest businesses in the digital currency ecosystem have integrated tether. ALT using this same technology, it is probable that AltCoins will likewise be integrated should they become a popular cryptocurrency. View current industry supporters. Individuals can also create a Tether wallet or use tether-enabled platforms to transact with tethers.

How does Tether protect me from cryptocurrency volatility?

Because they are anchored or ‘tethered’ to real-world currencies. However, ALT is only initially tied to Tether through the ICO, so that when the ICO closes ALT should witness wild fluctuation not unlike those experienced by BTC, ETH, XMR, DASH, etc. Due to the potential scarcity, dependent on ALT’s ICO popularity, the fluctuations of ALT could be more dramatic but should eventually stabilize so it could be used in commerce. Tethers are new assets that move across the Bitcoin blockchain just as easily as other digital currencies. Tether currencies are not money, but are digital tokens formatted to work on blockchains. Tethers hold their value at 1:1 to the underlying assets with the typical price of one USD equal to one USDT on various exchanges. Rarely does USDT trade at a premium or discount from the USD, except on exchanges where trading is sporadic.

How do I know my Tether is secure? Tether is built on top of the revolutionary and cryptographically secure open blockchain technology and adheres to strict security and global government laws and regulations. All tethers are pegged at one-to-one with matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by actual assets in the Tether master reserve account. As a fully transparent company, Tether.io publishes a real-time record of all value held and transferred in and out of their reserve account. Tethers can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying asset) pursuant to Tether Limited’s terms of service.

Where can I use Tether? Tether is currently in Beta although it has already ascended to one of the world’s top cryptocurrencies with volume in the tens of millions daily. They want to make Tether usable anywhere, where you can use digital currencies and in many places where digital currencies are not currently accepted. AltCoin maybe the first ICO to accept USDT, and does so exclusively.

Are Tether and ALT transparent?

Yes. Both the ALT and USDT are built on the same platform, to be fully transparent always and is regularly audited. Unlike ALT and other cryptocurrencies very tether is backed 100% by its original currency.

How much does Tether cost to use? Tether has almost zero conversion fees, charges no commissions and offers top market exchange rates. Sending between Tether.to wallets is always free. When sending from your Tether.to wallet to an external tether-enabled wallet, Tether.io says they will absorb all Blockchain fees. Fees occurred when sending tethers outside of their wallet are outside their control.

Do I have to go through the KYC process? Going through the Tether “know your customer” (KYC) form and approval process is required to issue and redeem USD₮, EUR₮, and soon JPY₮, however this is not required to acquire USDT on many exchanges or to open an Omni Wallet where USDT and ALT may be received, sent and owned together and seen in the same wallet along with BTC and other Omni protocol assets. There is no KYC process for acquiring ALT using your USDT.

In what countries and states does, Tether have limited functionality? Tether is committed to operating in a secure and transparent way, while adhering to all government compliance and regulations .For this reason Tether does not operate in countries and U.S. states that do not regulate virtual currencies. Current countries with limited functionality:Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic People’s Republic of Korea, Ecuador, Guyana, Indonesia, Iran, Iraq, Lao People’s Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Papua New Guinea, Sudan, Syrian Arab Republic, Uganda, Yemen, Zimbabwe.

Current U.S. states with limited functionality: Delaware, Georgia, Hawaii, Idaho, Kentucky, Ohio, Tennessee, Virginia, Washington, Wisconsin, Wyoming

List of exchanges where Tether can be purchased:

https://tether.to/why-use-tether/

Forward-Looking Statements

Certain statements contained in this FAQ may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this business plan represent the Company’s views as of the date of this release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the release of this “FAQ”. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

The statements about Tether (USDT) are based on representation made by Tether and while we accept those statements as true, we cannot take responsibility for any loses that speculators and investors may incur (while buying, selling, trading or transferring Tether (USDT)) that is beyond our control. Our only responsibility is to deliver ALT against our receipt of USDT during the time the ALT ICO is running, and to return USDT to those whom inadvertently send USDT to us after the closing of the ICO.

Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com

SOURCE: First Bitcoin Capital Corp.

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Altcoin Crowdsale ICO Begins New Offering Under Symbol “ALT”

VANCOUVER, BC / ACCESSWIRE / March 29, 2017 / First Bitcoin Capital Corp.(OTC PINK: BITCF) launched its first Initial Coin Offering (ICO) today.

The Company foresees a major shift coming that will overnight witness the emergences of altcoins surpassing Bitcoin in overall market cap. Investopedia.com defines “Altcoin” as a combination of two words: “alt” and “coin”; alt being short for alternative and coin signifying currency. Thus, together they imply a category of cryptocurrency that is alternative to the digital currency, Bitcoin.

In order to capitalize on the pending shift, the Company has wasted no time in launching its first ICO choosing a name to capture the maximum exposure to this emerging trend calling it “ALTcoin” bearing the symbol “ALT.” In conjunction with this new ICO (also sometimes known as ITO for Initial Token Offering), the company is preparing to launch the AltCoinMarketCap.com– website for worldwide tracking capitalization of various alternative cryptocurrencies, as a social platform for cryptocurrency enthusiasts and as a new, potential income source.

Crypto Coin speculators may already begin acquiring ALT using Tether (USDT) as the medium of exchange. Early participants will automatically receive approximately 1.25 ALT for each USDT sent to the company’s Omni wallet, Bitcoin address: 1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS

In order to insure receipt of the ALT upon transferring USDT to the company’s wallet address, speculators will need to use their own personal Omni Wallet address and not an exchange provided wallet as the exchanges may not be prepared to credit those ALT to the senders account. After 6 confirmations, the ALTcoin (ALT) will arrive in recipient’s personal Omni Wallet. This process is fully automated and requires no manual processing by the issuer of ALT.

To participate, kindly see further details at: https://www.omniwallet.org/assets/details/149

The early bird bonus originally at 25%, will be gradually reduced to 20% the second week, 15% the third week, 10% the fourth week and 5% the final, fifth week, when the ICO closes. A bonus of 10% of all coins sold will belong to The Company while the 90% will be held by the public. It is rare to find an ICO that doesn’t amass a greater percentage to the issuers and organizers.

Management expects to witness ALT listed on several exchanges in the immediate future, including its subsidiary, COINQX.com so that those unable to send USDT to acquire ALT may also participate and so that secondary trading may ensue. Cryptopia is the first Bitcoin exchange outside OMNIDEX to list ALT.

ALT utilizes the same Omni protocol as our recently launched Bitcoin Unlimited Futures, which is now trading on 3 exchanges under the symbols XBU on OmniDEX and CoinQX and as XB on C-Cex.

We chose USDT as a medium of exchange for speculators to acquire ALT since it is the most actively traded Omni asset with tens of millions of coins in daily volume, trading in 11 currencies on Poloniex cryptocurrency exchange, as well as many other exchanges such as CoinQX.com and OMNIDEX exchanges.

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time the Company owns and operates the following digital assets.

www.CoinQX.com cryptocurrency exchange, registered with FINCEN.
www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.
www.BITminer.cc providing mining pool management services.
www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.
www.bitcannpay.com Open Loop merchant services for dispensaries.

List of Omni protocol coins issued on the Bitcoin Blockchain owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release .Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via:

info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com

SOURCE: First Bitcoin Capital Corp.

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First Bitcoin’s COINQX Opening Offices in Shanghai, China

VANCOUVER, BC / ACCESSWIRE / March 23, 2017 / FIRST BITCOIN CAPITAL CORP. (OTC PINK: BITCF) CoinQx Exchange LIMITED, a wholly owned subsidiary of FIRST BITCOIN CAPITAL CORP. and history’s first publicly trading bitcoin business is pleased to announce the opening of its new offices in Shanghai, China to accommodate its rapid growth and future expansion plans into Chinese and other Asian markets. BITCF has designed its trading platform (currently in beta) to cater to Chinese Bitcoin traders and will be offered in Mandarin. New offices in China will provide capacity for customer support, engineering and other important functions for the Chinese market. CoinQX platform will enforce government imposed anti-money laundering (AML) and foreign exchange regulations.

BITCF is expanding its cryptocurrency business model to focus on China where the majority of Bitcoin trading occurs. The COINQX bitcoin exchange can provide its Chinese customers access to competitive industry exchange rates and products specifically for the Chinese bitcoin traders.

“Expanding COINQX.com in China will allow us to increase our customer base in key areas that align with our current and future growth plans. We will actively attract talent to join the team. Our team is excited about the rapid growth plans we have developed for China and this move represents a commitment to continue to expand into the world’s largest Bitcoin trading market. “China remains the largest market for Bitcoin trading and is still responsible for over 91% of all Bitcoin trading volumes. Even the recent inquiries by the PBOC will not deter Chinese traders from getting involved in Bitcoin. Nor should that be the case, as the PBOC reportedly has no direct plans to ban Bitcoin. Volumes of bitcoin trading increased as China’s foreign reserves shrank, by about 8% to $3.05 trillion in 2016. Meanwhile, the yuan weakened against the dollar, causing flow of money out of the country and increasing interest in bitcoin and other cryptocurrencies.

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time the Company owns and operates the following digital assets.

www.CoinQX.com cryptocurrency exchange, registered with FINCEN.

www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.

www.BITminer.cc providing mining pool management services.

www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY & $BURN -commemorative presidential election coins. Company has recently introduced $XBU -Bitcoin Unlimited Futures available for trading on CoinQX.com and OMNIDEX exchange (http://omniexplorer.info)

www.bitcannpay.com Open Loop merchant services for dispensaries.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com

SOURCE: First Bitcoin Capital Corp.

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FIRST BITCOIN CAPITAL Corp. Subsidiary COINQX.com is First Exchange to Offer Futures Trading in XBU

VANCOUVER, BC / ACCESSWIRE / March 21, 2017 / FIRST BITCOIN CAPITAL CORP. (OTC PINK: BITCF) – CoinQx Exchange LIMITED, a wholly owned subsidiary of FIRST BITCOIN CAPITAL CORP (BITCF or the “Company”), and history’s first publicly trading bitcoin business, is pleased to announce the launching of BITCOIN UNLIMITED FUTURES now trading under the symbol XBU.

Other Bitcoin exchanges are now preparing for the highly anticipated hard fork of Bitcoin into two coins, with the original to remain named as Bitcoin symbol BTC and the forked coin as an altcoin to be named Bitcoin Unlimited, symbol BTU. Unlike Bitcoin, Ethereum emerged from its hard fork with the original coin renamed Ethereum Classic and their newly forked coin retaining the name of the original.

Many Bitcoin traders are anxious to begin trading in BTU. As a way to capitalize on this anxiety, and allow a mechanism to predict the BTU’s future value, CONQX issued on the Bitcoin Blockchain 9,000,000 tokens known as “Bitcoin Unlimited Futures” symbol XBU. When/if BTU comes into existence, it will not be convertible or equal to XBU, however, once both BTU and XBU are trading on COINQX, they will be exchangeable by willing participants based on customers bids and asks matching.

After the hardfork is complete, XBU will continue to trade with the intention for it to survive as a third option to Bitcoin and Bitcoin Unlimited. Those currently owning BTC on CoinQx are not required to do anything regarding the upcoming hardfork, as the hardfork should only affect miners, so that owners of BTC should ultimately find the additional Bitcoin Unlimited coin in their account equal to the amount owned during the hardfork, barring any unforeseen complications.

First Bitcoin foresees the split of BTC into two coins to be not unlike that of a spin-off of a subsidiary from a public company. Owning BTC before, during, and after the split will help to ensure receipt of the additional forked coin. Whereas FINRA sets record dates and ex dividend dates for such events, no authority or procedures exists to assist owners of BTC to know when to buy, hold, and sell their coins. In this regard, the Company is planning to launch a numbering system for cryptocurrencies similar to CUSIP, as well as establishing an SRO to help the emerging industry deal with such issues.

First Bitcoin director, Patrick Dugan, commented on the pending fork, “Most likely Bitcoin Unlimited ( BU) would serve as a check to force market demands to come to the fore in Bitcoin Core, or conversely, BU could adapt Segwit. As someone who provides financial services and depends on the throughput of the Bitcoin blockchain for operations, I can say that more ruckus is preferable to the status quo.”

While this newly issued coin is not directly related to the original Bitcoin or its pending hardfork, it is indirectly related by the fact that it was issued on the Bitcoin Blockchain similar to Tether, symbol USDT. As a consequence, XBU is already exchangeable on the DEX against other similar currencies, such as $USDT, $BTC, $PRES, $TESLA, $GARY, $BURN, $HILL, and $MAID via http://omnichest.info/mdexmarket.aspx?market=1, and will soon be tradeable against additional currencies at www.coinqx.com.

About the Company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange – www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges), we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time, the Company owns and operates the following digital assets:

A list of Omni protocol coins issued on the Bitcoin Blockchain owned by the Company can be accessed here: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com.

SOURCE: First Bitcoin Capital Corp.

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First Bitcoin Capital Adds Innovative Automated Check Cashing ATM Solution for Cannabis Dispensaries’ Clientele

VANCOUVER, BC / ACCESSWIRE / January 12, 2017 / FIRST BITCOIN CAPITAL CORP. (OTC PINK: BITCF), a leading bitcoin and cryptocurrency developer, specializing in both blockchain and online merchant payment solutions for medical marijuana dispensaries and other high-risk merchant accounts and services, today announced the signing of an Exclusive Master Distributor Agreement to distribute a new type of fully automated check cashing ATM designed for use in medical cannabis dispensaries for the State of California. BITCF will add this check cashing ATM service to complete a full suite of financial services for the medical marijuana industry: merchant processing and POS solutions through its alliance network, a fully compliant, user friendly solution to accept Credit and Debit Cards through traditional Merchant Card Processing networks. The check cashing ATMs marketing efforts will be focused toward larger established medical marijuana dispensaries.

Fees for the check cashing services will be competitive. Dispensary customers using the service will be able to cash all types of checks: government issued checks, payroll checks and other types. Cannabis dispensaries service all kinds of customers. Many of those are unbanked and may need to cash checks before purchasing. Offering check cashing services on premises to this group of customers will be a very attractive way to increase revenues, as dispensary owners are looking for new ways to draw more customers because of check cashing convenience.

According to FDIC (Federal Deposit Insurance Corporation) recent 2015 National Survey of Unbanked and Underbanked Households, indicates that more than 7 percent of households in the United States were unbanked in 2015. This proportion represents approximately 9.0 million households. An additional 19.9 percent of U.S. households (24.5 million) were underbanked, meaning that the household had a checking or savings account but also obtained financial products and services outside of the banking system. By offering check cashing, our ATM Division expects that dispensaries will increase their customer base by 18%.

BITCF uses sophisticated fully automated risk analysis algorithms and underwriting procedures, resulting in 100% guarantee to the dispensary owners.

Summary of benefits of our services for the cannabis dispensaries and their customers:

Any types of checks can be cashed, including Payroll checks, Insurance checks, Personal checks, business checks, money orders, government issued checks and the funds can be credited to the Dispensaries bank account instead of their client pulling out and paying in cash.

Regulatory Compliance: The check cashing ATM will be installed pre-programmed to comply with all state, local federal regulations in California.

First Bitcoin is also developing a system that will enable dispensaries to accept Bitcoin and other cryptocurrencies as a form of legal payment. Stater of California has already enacted legislation that makes Bitcoin and similar digital currencies legal tender.

BITCF has developed specific programs to meet the unique needs of the medical cannabis industry. Offering merchant services at competitive rates for businesses operating legally under state law of California and Oregon, the company can now provide financial services not typically available from conventional banks.

While legalization of marijuana in many forms – and in many states – garnered over $5 billion dollars in 2016, the sums are expected to grow for 2017. More innovative and unique products are being created, and the stigma that once surrounded cannabis is slowly fading. These changes are helping the medical cannabis industry to prosper now that federal policies allow dispensaries to sell, grow, or possess cannabis while compliant with state laws. BITCF will only provide these services where federal policies allow our business model to proceed for dispensaries that are fully compliant with state and country laws, rules and regulations.

Should your dispensary be interested in these services please contact us by email: info@bitcoincapitalcorp.com

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, financial processing services and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital and blockchain technologies. At this time the Company owns and operates the following digital assets.

www.CoinQX.com cryptocurrency exchange, registered with FINCEN.

www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.

www.BITminer.cc providing mining pool management services.

www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN -commemorative presidential election coins.

www.bitcannpay.com Financial and merchant services for medical cannabis dispensaries.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

Contact us via: info@bitcoincapitalcorp.com or visit http://www.bitcoincapitalcorp.com

SOURCE: First Bitcoin Capital Corp.


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First Bitcoin Capital Acquires Large Stake in One of the Oldest Mineable Cryptocoins Ranked High on Coin Market Cap; Also, Company’s Digital Shares Are Now Listed on Two International Cryptocurrency Exchanges

VANCOUVER, BC / ACCESSWIRE / November 30, 2016 / First Bitcoin Capital Corp. (OTCMarkets: BITCF) is pleased to announce that it has sold its Venezuela mining concessions for a large stake in the cryptocurrency of one of the oldest mineable coins that ranks high on Coin Market Cap. See: http://coinmarketcap.com/currencies/kilocoin/.

Kilocoin which is similar to Litecoin primarily trades on a popular cryptocurrency exchange at https://c-cex.com/?p=klc-btc

A list of its nodes can be found via https://c-cex.com/?id=ws&shownodes=klc

Kilocoin mining can be tracked at https://www.blockexperts.com/klc#

From its web site via http://kilocoin.com/ their wallet can be downloaded.

At its current rate of mining (159 coins per block) it should take centuries to reach the maximum of 25,000,000,000 mineable coins with a little over 10,000,000,000 coins mine thus far, giving BITCF nearly 10% participation. The Company anticipates that the KLC exchange will boost BITCF’s balance sheet with tremendous upside potential and may become a source of future dividends.

Differences from Bitcoin and Litecoin and Kilocoin

Bitcoin

Litecoin

Kilocoin

Coin limit

21 Million

84 Million

25 Billion

Algorithm

SHA-256

Scrypt

Scrypt

Mean block time

10 minutes

2.5 minutes

5 minutes

Difficulty Target

2016 Block

2016 Blocks

288 Blocks

Initial Reward

50 BTC

50 LTC

159 KLC

Current block reward

25 BTC

50 LTC

159 LTC

Block explorer

blockchain.info

block-explorer.com

https://www.blockexperts.com/klc#

Created by

Satoshi Nakamoto

Charles Lee

Kilocoin, Inc (DAC)

Creation date

January 3, 2009

October 7, 2011

Feb 27th, 2014

Coins Mined (as of 8 April 2015)

14,029,116.67

37,984,800

10,013,105,152

Furthermore, in conjunction with BITCF’s expanding ownership of its common shares onto its own blockchain (BIT) and trading on foreign international cryptocurrency exchanges, the company is proud to announce that its digital shares are now trading on an additional, popular cryptocurrency exchange, LIVECOIN www.livecoin.net.

About the company:

First Bitcoin Capital is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange- www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management’s experience in developing and managing complex Blockchain technologies, developing new types of digital assets. “Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges) we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.” At this time the Company owns and operates the following digital assets.

www.BITCoinCapitalcorp.com company website.

www.CoinQX.com Cryptocurrency Exchange, registered with FINCEN.

www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.

www.BITminer.cc providing mining pool management services.

www.2016coin.org online daily election coverage and home page for $PRES, $HILL and $GARY $BURN coins.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.

SOURCE: First Bitcoin Capital Corp.

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