BitGold Backed By Sprott in Public Stock Market Deal
BitGold has indicated that while it uses blockchain technology, it has pivoted from a focus on bitcoin. Toronto-based gold and bitcoin startup BitGold has gone public following a reverse merger with mineral exploration company Loma Vista Capital. BitGold will retain its name, but halt trading on the Canadian National Stock Exchange as it migrates to the Toronto Stock Exchange. As part of the deal, the company said it will raise C$6m in subscription receipt private placement, with an additional C$5m worth of warrants to be exercised later. The pending C$6m subscription receipt sale includes....
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Bitgold Review. This Bitgold review discusses how the gold payment startup BitGold acquired the operations and intellectual property of the leading consumer gold storage company GoldMoney.com. The acquisition of the company will be in exchange for 1,169,794 common shares in BitGold, a public company trading on the Toronto Stock Exchange. GoldMoney, since its founding in 2001, has amassed 20,000 customers, 135,000 user sign ups and manages more than $1 billion in assets. In a BitGold press release, the startup said the acquisition will lower its operating cost and give them a ready-made....
BitGold Inc. has announced the public launch of the BitGold platform, a software service that connects gold storage with payment networks, resulting in a banking-like platform for gold. The announcement refers to the BitGold platform as a "new global operating system for gold." In fact, BitGold is a digital payments platform that connects gold stored in real-world vaults with online payments. Though the BitGold press release emphasizes that BitGold is not a cryptocurrency like bitcoin, there are similarities. In particular, the BitGold platform allows for the quick settlement of gold....
BitGold designed a new software that automatically links buyers to bullion dealers and storage companies. With this move, the company makes it easier for people to own gold as a hedge against inflation and as a store of value. The Toronto-based company began offering its service to the public in May and had already racked up more than 168,000 global users by the end of July, with about $7 million in transactions. BitGold pairs together the ease and convenience of digital payments and online gold savings with the integrity and stability of gold. The company's mission is to make physical....
The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen. Etoro Enters a Special Purpose Acquisition in a $10.4 Billion Deal The popular cryptocurrency trading platform and stock brokerage service, Etoro, has plans to go public with a $10.4 billion merger. The merger was invoked by a firm called Fintech Acquisition Corp V, and....
BitGold has raised $3.5 million from venture capitalists to fund their attempt to digitize gold. BitGold Inc. (not to be confused with Bitreserve's similarly-named bitgold) has just concluded a $3.5 million investment round ahead of its Q1 launch. The company hopes to make gold a viable payment medium once again by offering a multi-faceted platform that includes a gold exchange, a custodial vault, and a payments service. Also read: Gold And Silver On The Blockchain: DigitalTangible Partners With Agora Commodities. BitGold Inc. Concludes $3.5 Million Investment Round. Gold has served as a....