CEHC Issues Corporate Update
Cephas Holding Corp (PINKSHEETS: CEHC) today issued an update on several important projects.
ATM and BitcoinVending Activities
Cephas has entered into a placement agreement with a high profile location in Montreal for its first international ATM. The unit is expected to be online in August with significant media coverage anticipated following the installation.
The company currently working to secure additional locations in the United States for deployment of additional bitcoin vending machines.
Cephas has developed a staffed kiosk concept that will incorporate the sale of bitcoin and bitcoin related merchandise directly to consumers. These kiosks are being targeted for major shopping malls for the Back to School and holiday shopping seasons.
BitMD.CO
Management has released an application that allows medical related businesses to accept bitcoin. The application is live on the site www.bitmd.co. The company is targeting medical marijuana, medical tourism, and disease testing and has begun marketing in those vertical markets.
Reporting and Name Change to Bitcoin Brands Inc.
The company has submitted financials to its auditors. Management is preparing the final documents on the name change to Bitcoin Brands Inc. (www.bitcoinbrandsinc.com) for submission to the shareholders on a definitive Form 14C. All required filings are expected to be completed shortly.
The statements made in this update are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. The company may encounter unforseen delays in its ATM deployments. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
Related News
A new report from Ovum has found that 75 percent of corporate treasures in Africa and Latin America are interested in the solutions that blockchain can deliver to banks. Developed in partnership with Temenos, a Swiss financial services software specialist, the report, Understanding Today’s Corporate Treasurer: The Implications for Corporate Banking Services [PDF], looked at how the priorities and attitudes of today’s corporate treasurer across four main areas of responsibility are changing. These are cash and liquidity management, forecasting and analytics, risk and compliance, and cost....
The Ethereum platform has released an updated version of Geth client to rectify the consensus error. The Ethereum platform has run into few issues due to a flaw in the consensus mechanism. The issues were said to be due to the failing Geth journal when it came to reverting account deletions after transactions responsible for empty account deletion encountered out-of-gas exception. The issue, also encountered by Parity in a slightly different setting has forced the Ethereum development community to release a new version of Geth. Upon identification of the issue, which was a result of the....
Technical issues are a broad concept, especially as far as financial services are concerned. These issues can range anywhere from a broken-down machine to creating a transaction backlog, and everything in between. Customers of Barclays, in the United Kingdom, were unable to access their funds due to these “technical issues”. It is not the first time this week Barclays makes headlines in the media, although neither of those times has been positive by any means. Suffering issues twice in one week is leaving many Barclays customers disgruntled. At some point in the past 24 hours, the bank....
Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.
It's not just you, folks. BitStamp appears to be down at the moment. A number of users on Reddit have reported issues accessing the Bitcoin exchange's website in the past hour or so. No indication as to what the issue is, but users are greeted with an "Internal Server Error" upon accessing the website. Perhaps not the friendliest of messages in the midst of a crucial trading period. We'll update this post just as soon as we have more information on the outage. Update [12:28PM Eastern]: Looks like the website is up, but with spotty performance.