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BIT MOVING TO BITCOIN BLOCKCHAIN AS BITCF TO UNIFY TRADING BETWEEN MARKETS OTC MARKETS REMOVES CAVEAT EMPTOR SYMBOL FROM ITS PUBLICATION OF QUOTES ON BITCF
BIT MOVING TO BITCOIN BLOCKCHAIN AS BITCF TO UNIFY TRADING BETWEEN MARKETS OTC MARKETS REMOVES CAVEAT EMPTOR SYMBOL FROM ITS PUBLICATION OF QUOTES ON BITCF.
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"BIT MOVING TO BITCOIN BLOCKCHAIN AS BITCF\nTO UNIFY TRADING BETWEEN MARKETS\n\nOTC MARKETS REMOVES CAVEAT EMPTOR SYMBOL\nFROM ITS PUBLICATION OF QUOTES ON BITCF \n\nOTC Disclosure & News Service\n\nVANCOUVER, BC / OTCMARKETS\nNEWS SERVICE / June 15, 2017 / FIRST\nBITCOIN CAPITAL CORP (OTC:BITCF) (\"Company\", \"We\",\n\"Us\" or \"Our\") would like to announce that the most\nprolific cryptographic creator of tokens on the Bitcoin Blockchain has resolved\nto move the ownership of its common shares now trading in the cryptocurrency\nmarkets onto the Bitcoin Blockchain and simultaneously reduce authorized shares\nfrom 21 billion back to 500,000,000. The reduction in authorized capital of\nFirst Bitcoin Capital Corp does not reduce the number of shares currently\nissued and outstanding.\n\nCrypto shareholders will be given two options, either to keep their\nmined shares or convert those shares to the new blockchain.\n\nThose that convert to the new blockchain will own shares of BITCF,\nhowever those that do not elect to move to the new blockchain will continue to\nhold BIT which will then become a simple cryptocurrency with no relationship to\nthe shares of company other than sharing the first portion of its name, “First\nBitcoin”.\n\nThe transference of shares from BIT, on its unique, existing blockchain,\nto BITCF on the Bitcoin Blockchain will be conducted through BIT’s primary\ncrypto-exchange, C-CEX.com and will be automatic for all those who are holding\ntheir BIT at C-CEX. The new BITCF Crypto shares will then trade as BITCF so\nthat it will be easier for the markets to understand that the crypto and\ntraditional shares include the same rights, title and interest.\n\nThose who wish to continue to trade BIT as a mere cryptocurrency will\nbe allowed to do so via BIT’s secondary exchange, Livecoin but must remove\ntheir BIT rom C-CEX on the deadline to be set soon. Deposits and withdraws will be allowed at\nC-CEX until the movement to the new blockchain has been implemented. The\ncompany plans to implement this blockchain move within two weeks.\n\nThe company has determined that moving to the Bitcoin Blockchain makes\nthe management of issuing shares more efficient and less expensive so that\nthere is no mining cost to the company or its shareholders in the form of\ndilution. It is a safer system and allows fo...