Digital CC Abandons Bitcoin, Rebrands to Digital X
Former bitcoin miner and transaction processor Digital CC has terminated all bitcoin related operations by rebranding to Digital X to focus on its remittance product and blockchain-based software development AirPocket and Digital X Direct. The company said: The Australian Securities Exchange-listed company made the decision due to the continuous decline of its bitcoin related operations and the termination of partnership between cryptocurrency mining company Mintsy and Digital CC earlier this month. "The rebranding represents a strategic change from a focus on bitcoin as a mechanism to....
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Bitcoin moves up and down. It's unpredictable and uncontrollable, and no one really knows where it may turn next. To a degree, the same thing can be said about its popularity, as now mining platform and transaction processor Digital CC has decided to end all bitcoin operations and rebrand to the new, all-powerful Digital X. Some are seriously asking why. Has the company suddenly had a change of heart? Is bitcoin suddenly not all it's cracked up to be in the eyes of Digital CC, ahem, Digital X? Speaking to CoinTelegraph, the company explained: "The re-branding represents a strategic change....
The Department of Justice announced Tuesday that the deal was off.
DigitalBTC, an Australia-based bitcoin mining company, has decided to bolt the cryptocurrency business to focus on software development, according to ZDNet. The company announced at its annual meeting it would change the name of its parent company, Digital CC, to Digital X. The company, which trades on the Australian Securities Exchange (ASX), said it is changing its focus from bitcoin as a mechanism for storing value to software development. The company also announced it is entering its second phase of beta testing for AirPocket, a cash remittance product it rolled out in May. Digital CC....
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