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bostonangler

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  1. The Company has been engaged by Spend Group to conduct a $50M private equity sale in the form of a Security Token Offering for the Spend Equity Token. The Spend product is built around a multi-currency digital wallet with support for 27 fiat currencies and 16+ cryptocurrencies. Balances of cryptocurrencies can be converted to fiat currencies in real-time, enabling them to be spent at retail through Spend's three Visa®-branded payment cardsusing its proprietary conversion technology, which are currently available in the United States and Canada. Pending the necessary approvals, FORK is planning a public offering of Spend's equity as a security token on the Hyperion Exchange. Vancouver, British Columbia--(Newsfile Corp. - May 21, 2019) - GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink: GBCHF) ("FORK" or the "Company") announces that it has been engaged by Spend Group1 ("Spend Group") to conduct a $50M private equity sale in the form of a Security Token Offering (STO) on the Spend Equity Token (SET) to qualified investors. The Spend product is comprised of a multi-currency digital wallet supporting 27 fiat currencies and over 16 cryptocurrencies, a mobile application to manage balances, and three Visa®-branded payment cards through which Spend wallet balances can be spent at retail using proprietary real time conversion technology. The cards are secured by EMV chip technology, and are compatible with Apple Pay and Google Pay. The Spend Visa® cards are presently available in the United States and Canada with approvals pending in Europe and Asia-Pacific through crypto-banking partnerships already secured. An overview of the Spend Visa® cards may be seen at http://spend.com/cards. Spend addresses the issue of cryptocurrency usability at the retail level, the greatest struggle that the crypto ecosystem has faced since its post-boom decline in 2018. During and prior to the boom, several major Internet brands and merchants accepted cryptocurrencies such as Bitcoin for payment. However, as regulatory and value stability concerns mounted, this acceptance was discontinued in mid-2018 by Expedia and Reddit, among others2. As Spend operates through the Visa® payment network, converting cryptocurrency balances to fiat currency in advance of being used, Spend overcomes this challenge by having no requirements for retailers to make accommodations for the use of cryptocurrencies beyond regular acceptance of Visa® cards. Usability of cryptocurrencies has been of heightened interest recently, with Bitcoin and the overall crypto markets reaching year-to-date highs. The price of Bitcoin was over USD $8,300 on Wednesday May 15, 2019, representing a growth of more than 121% from its price of around USD $3,700 at the beginning of 2019. Total capitalization of the crypto asset market exceeded USD $260 billion on the same day, representing growth of 108% from its USD $125 billion capitalization at the beginning of 20193. This growth appears to have renewed the interest of some retailers for accepting cryptocurrency payments, as it was announced this week that retailers including Baskin Robbins, Whole Foods, and Gamestop would accept cryptocurrency payments using a third-party mobile application4. These developments suggest a healthy demand with respect to using cryptocurrency as payment for common transactions; something that Spend fits into with unparalleled simplicity. At the outset, FORK will be conducting a $50M private equity sale of Spend Group to qualified investors in the form of a STO for SETs. Pending regulatory clearances and approval from Spend Group's board of directors, FORK is also planning to conduct a public security token offering on the Hyperion Exchange (http://hyperiontechnologies.com). This will make Spend Group's equity one of the first publicly-traded security tokens in the world. FORK President and CEO Shidan Gouran commented, "Spend provides an answer to what everyone has been wondering about from the beginning of crypto's popularity; how can it be spent? While most assets and applications in crypto are built to work around the traditional financial services infrastructure, Spend has found a way to align crypto assets with this infrastructure by leveraging the Visa® payment network, which will make using crypto seamless for consumers, and requiring no new adaptation on the part of merchants. We look forward to working with Spend in conducting this equity sale, and we believe that Spend will play a key role in improving the overall use case of crypto." Bryan Woods, President of Spend Group, also commented, "FORK has taken a dynamic approach to raising capital with its crowdsales and initial exchange offerings, which we really admire. We are confident that FORK can put Spend in front of the right investors, which will bring us the capital we are seeking to fund our growth. Being listed on the Hyperion Exchange will make a significant difference as well, especially because it will make Spend Group a trailblazer, not just in cryptocurrency retail payments, but also in the use of security tokens." Michael Zavet, CEO of Hyperion Exchange parent company Hyperion Crypto Exchange Inc., added, "As an early adopter of crypto, I see great potential in Spend because Spend Group has found a way to make crypto usable without going against the grain. We are most pleased that FORK is considering listing Spend's equity on Hyperion as an equity token. This bodes well for both Spend Group as a company, as well as security tokens in general as a way of using blockchain technology." Sometimes it's not the people mining gold who make the money, it's the guys selling picks and shovels. B/A
  2. I agree... I made the mistake of buying Nike one time... I paid over $100 and they lasted about 6 months before they fell apart... I'd never buy any of that Chinese crap again. B/A
  3. The Brügger & Thomet APC9K has been hailed the winner of the Sub Compact Weapon program, beating out well-seasoned military & police competitors such as the American Sig MPX and the Czech-made CZ Scorpion Evo. The Army's New Machine Gun Is Plenty Dangerous (And Not from Sig Sauer) The future is almost here. The U.S. Army has selected a new submachine gun for special security missions- and the winner of the procurement contest may surprise you. The Brügger & Thomet APC9K has been hailed the winner of the Sub Compact Weapon program, beating out well-seasoned military & police competitors such as the American Sig MPX and the Czech-made CZ Scorpion Evo. Made primarily of polymer and sporting translucent magazines, the APC9K SCW will be used for close protection duties and other situations where a 9mm submachine gun or carbine would be preferable to a 5.56 platform. According to Defence Blog, the U.S. Army Contracting command will be ordering around 350 of the SCWs, with a potential additional order of 1,000 more. The original competition, which began in May of 2018, had over ten companies providing options. One of the requirements was that the weapon had to be optimized to fire 147-grain 9mm ammunition. Designed for personal security details (PSD) and other specialty personnel within the Army, the B&T SCW will provide an edge where concealability and firepower are forced to meet in certain situations. This article by Andy Wolf originally appeared at War is Boring in 2019. Imported for your security, unless we are talking job security!!! LOL B/A
  4. Tennessee whiskey exports slump amid Trump tariff turmoil, report says Tennessee whiskey exports fell more than 30% in the fourth quarter as the sector faces headwinds from tariffs. Tennessee exports dropped overall by 5% in the last three months of 2018 as automotive sales slowed and companies faced retaliatory tariffs from China and the European Union, according to Middle Tennessee State University's Tennessee Trade Report 4th Quarter 2018. Whiskey exports, which have climbed steadily in past years, dropped to $135 million from $197 million, according to the report. "The issue is how long we can expect the state’s sluggish performance to continue," the report said. "A real wild card in the deck, is the future of retaliatory tariffs and whether they expand. The bottom line is that 2019 appears ready to provide plenty of obstacles for Tennessee’s exporters." Trump's trade war with China continues The drop in state exports comes as U.S. negotiations over tariffs with China have stalled. President Donald Trump announced earlier this month the U.S. would raise tariffs on $200 billion worth of Chinese products and China since announced it would retaliate with increased tariffs on nearly $60 billion worth of American products. More: Walmart: Tariffs will increase prices for shoppers More: Tariffs from US-China trade war force small businesses to strategize to preserve profits Brown-Forman Corp., owner of the Jack Daniel's brand, reported a 3% sales gain in the most recent quarter but said the growth was negatively affected by lower prices in some markets meant to offset new tariffs. The impact was mostly felt in Europe, according to the company's report. https://www.yahoo.com/finance/news/tennessee-whiskey-exports-slump-amid-145703942.html Ouch... B/A
  5. ‘This is unfathomable’: American shoe brands unite against Trump More than 170 footwear companies signed a letter sent to President Trump urging him to not go ahead with extra tariffs on $300 billion of Chinese goods. The letter was signed by footwear industry heavyweights such as Nike (NKE), Adidas (ADDYY) Crocs (CROX), and Under Armour (UA) among others. “As leading American footwear companies, brands and retailers, with hundreds of thousands of employees across the U.S., we write to ask that you immediately remove footwear from the most recent Section 301 list published by the United States Trade Representative on May 13, 2019. The proposed additional tariff of 25 percent on footwear would be catastrophic for our consumers, our companies, and the American economy as a whole,” the letter states. Trump raising tariffs on $200 billion on Chinese goods on May 10 has further stoked the flames of the trade war between the U.S. and China. Shortly after China retaliated with tariffs on $60 billion of American goods, set to take effect on June 1. The escalation of tensions has sparked debate around the world about the effectiveness of the tariffs and called into question who ultimately will pay the tariffs — companies or consumers. The Footwear Distributors and Retailers of America (FDRA) argues that additional tariffs on footwear will hurt the American consumer, especially those who shop at retailers such as Walmart (WMT) and Target (TGT) since brands sold at those retailers rely heavily on Chinese manufacturing. “High footwear tariff rates fall disproportionately on working class individuals and families. While U.S. tariffs on all consumer goods average just 1.9 percent, they average 11.3 percent for footwear and reach rates as high as 67.5 percent. Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes. This is unfathomable,” the letter continued. An estimated 72% of footwear and 84% of travel goods are produced in China, and footwear is one of the highest duty products in the marketplace today, according to FDRA president and CEO Matt Priest. However, one company that did not participate in the letter was New Balance — a company that manufactures a portion of its shoes in the United States. The New England-headquartered company came under fire in 2016 when a quote from a then New Balance executive was seen as an endorsement for Trump. https://finance.yahoo.com/news/this-is-unfathomable-american-shoe-brands-unite-against-trump-195135138.html Now at least you know you can buy sneakers by a good old New England company right in the heart of liberal land!!! Isn't that ironic? B/A
  6. Why is it Trump supporters are hanging on to the fantasy of some Obama conspiracy. Trump supporters really need to worry about who will replace Trump when he goes down for his financial woes... Will it be Mike Pence? Will Trump keep him as a running mate, or will Trump pick some crony who will be left holding the bag? At this time in history the Democrats should really have a solid candidate instead of a stable full of yahoos... Once again, looks like I'll be voting for an independent as opposed to either crime family party. B/A
  7. You asked a question... Was it worth it. Yes, we took 7 criminals out of the game and it was paid for. My question to you was Ken Starr worth the money. Like the recent investigation, it started looking for one thing and found many others. Ken Starr stared looking for one thing it wasn't there and ended up with an impeachment for lying about adultery. Again not a good day for the office but not any worse than the lying we are seeing today. So apples to apples, these are worse findings than Starr's and we didn't get reimbursed for that one. At least Mueller paid for himself with a few rotten criminals taken of the street. Unless people think Manafort's behavior or Cohen's lack of ethics is okay by today's standards. The other thing this is leading to, is Trump's sketchy banking deals... He and Jared have some explaining to do about the money they moved to Russia even while Trump was in the White House. As an American, don't you want to know what type of dealings were going on with our president, his family and Russia? B/A
  8. At least it is paid for by Manafort. What about Ken Starr.... 3 years,, more money spent, for what? To find out the president was doing his intern? Disgusting yes, but money well spent I don't think so. B/A
  9. The facts are 34 people are indicted. 7 have pled guilty. This general is a disgrace to anyone who served. He wanted to play with the big boys and he got chewed up and spitted out. If he is such a good guy and didn't do anything wrong why hasn't Trump pardoned him? B/A
  10. Brit is part of the Deep State... Didn't you know that? LOL Have you noticed, the right is shifting away from Dum Dum? B/A
  11. China tariffs could force 'widespread store closures' and put $40 billion in sales at risk The trade war with China could cause prices to rise on everything from toys to clothing, but it also could lead to “widespread store closures,” according to a report by UBS. The investment bank's analysis said tariffs on Chinese imports could put $40 billion of sales and 12,000 stores at risk. “The market is not realizing how much brick & mortar retail is incrementally struggling and how new 25% tariffs could force widespread store closures,” UBS analyst Jay Sole wrote in the report. "We think potential 25% tariffs on Chinese imports could accelerate pressure on these company’s profit margins to the point where major store closures become a real possibility.” Earlier this month, the Trump administration increased U.S. tariffs on $200 billion in Chinese imports from 10% to 25%. The president has also threatened to add a 25% tariff on almost all the remaining $325 billion in goods shipped in from China. UBS was already anticipating more store closures and calculated 20,710 clothing stores need to close by 2026, in an April report. “Tariffs could cause over half of this change in one year, rather than four,” Sole wrote, adding this is just publicly traded companies and doesn’t include impact on private companies. Fred's store closings: Retailer announces 104 more stores to shutter in summer, see the list Store closings 2019: CVS, Payless and Victoria's Secret are some of the brands closing nearly 6,500 stores Even before the risk of tariffs, retailers have been struggling this year and have announced more closings in the first 20 weeks of 2019 than all of last year, according to Coresight Research. The global market research firm tracked the 5,864 closings in 2018, which included all Toys R Us stores and hundreds of Kmart and Sears locations. The record year for closings was 2017 with 8,139 shuttered stores. Coresight has tracked nearly 6,400 closing announcements this year, but in a new report released Friday estimates "12,000 stores could be shuttered by the end of the year." Impact of increased tariffs Retailers say they are closely monitoring the trade situation and how a potential fourth wave of tariffs could impact prices. “We’re going to continue to do everything we can to keep prices low,” said Brett Biggs, Walmart’s chief financial officer and executive vice president, during a call with reporters Thursday. “However, increased tariffs will lead to increased prices we believe for our customers.” The Children’s Place is seeing a “minimal margin impact” on the tariffs that went into effect May 10, said Mike Scarpa, the company's chief financial officer and chief operating officer, during a May 15 call with analysts. But, Scarpa said, "additional tariffs on the remaining imported products from China would have an adverse impact on our profitability.” Macy’s chairman and CEO Jeff Gennette said in a May 14 call with analysts that increased tariffs has already had some impact on the company's furniture business. However, if an additional increase is placed on all Chinese imports that would "have an impact on both our private and our national brands," he said. “We would work with our manufacturing and brand partners to size and minimize the impact to our customers,” Gennette said. “We are hopeful that trade talks between U.S. and China will continue productively and the trade actions between the two countries will deescalate.” https://www.yahoo.com/news/china-tariffs-could-force-apos-093006501.html No big deal these are low paying jobs... Who needs them? Everyone will get executive jobs because this is the greatest economic idea in history... It is huge! B/A
  12. The only people who lose... Are those who stay on a sinking boat... B/A
  13. This is not an article.. It is an opinion piece.. That is what is wrong with our society. People write whatever makes them feel good and others except it as news.... B/A
  14. Didn't he put himself in his own position? It's kind of like my dog ate my homework.... He was greedy and greed is a terrible thing. B/A
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