CIAU PPS Next 900% Increase Potential Entering Underserved $100 Billion Digital Currency Market
June 30 2017 - 10:30AM
InvestorsHub NewsWire
New York, NY – June 30,
2017 - Wall
Street Corner Report -
Ciao Group, Inc. (USOTC: CIAU)
stock has gone up 900% from $0.05 to a high of $0.50 in the last 30
days and is now trading between $0.40 and $0.50. Having
entered the underserved $100 Billion Digital Currency Market with
the likes of Bitcoin and Ethereum, the CIAU PPS has the potential
to go much higher. Investors looking to benefit from the
Cryptocurrency and Blockchain explosive market are likely
accumulating CIAU here between $0.40 and $0.50 in anticipation of
the next 900% increase where dramatic increases have become
relatively common within the Digital Currency Market. Less
than 1000 digital currency issues today have a combined market
capitalization of over $100 Billion and demand looks to be on the
rise.
Ciao Group, Inc. (OTC:
CIAU) announced plans earlier this week 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 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. 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 more news for Ciao Group at http://www.marketnewsupdates.com/news/ciau.html
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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