PRN: Cryptocurrency Advancements and Blockchain Technology Go Mainstream Creating Innovative Fundamentals for Global Economic Systems

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Cryptocurrency Advancements and Blockchain Technology Go Mainstream Creating Innovative Fundamentals for Global Economic Systems News Commentary


PALM BEACH, Florida, June 28, 2017 /PRNewswire/ --

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 ser! vices including flagship Pavilions, 2048 fast retail, the Ven digital currency, HubID digital identity system, the 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

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.

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.</! p>

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."

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 con! sumers who use alternative check-cashing services.

DISCLAIMER: (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished conte! nt and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Ciao Group, Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks iden! tified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

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