NetworkNewsBreaks

WednesdayFeb 07, 2018 3:40 pm

NetworkNewsBreaks – Reign Sapphire Corp. (RGNP) Details Key Features of Sapphire-Backed Cryptocurrency

Direct-to-consumer jewelry company Reign Sapphire Corp. (OTCQB: RGNP) this morning issued an update on some key features of Reign Coin, the company’s sapphire-backed cryptocurrency. These include Reign Coin’s unique sapphire-backed model, which is supported by the company’s own Australian sapphire supply chain; its inventive crypto-dividends, stemming from interest and fees related to the network’s collectively-owned assets; and its groundbreaking growth by transaction business model, through which a portion of all transaction fees are reinvested into sapphires in order to increase the base price and improve the overall solidity of the cryptocurrency. “We are diligently working on this exciting project, and…

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WednesdayFeb 07, 2018 2:30 pm

NetworkNewsBreaks – Experts Predict Another Bull Run for Cryptocurrency Market, $50,000 Price Point for Bitcoin

After the recent big bitcoin fall and rash of digital coin sell-offs—with bitcoin dipping below $6,000 and the overall crypto market losing $550 billion in value on Tuesday—industry insiders are far from discouraged regarding the future of cryptocurrency. On the contrary, experts are predicting a major bull run even bigger than 2017’s, and they are forecasting that cryptocurrencies could surpass a market valuation of $1 trillion this year. "Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market's rebound and push cryptocurrency prices to all new highs this year," said…

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WednesdayFeb 07, 2018 2:27 pm

NetworkNewsBreaks – Viking Therapeutics, Inc. (NASDAQ: VKTX) Closes $63.3M Offering

Clinical-stage biopharmaceutical company Viking Therapeutics, Inc. (NASDAQ: VKTX), focused on developing novel therapies for metabolic and endocrine disorders, has announced the closing of an underwritten public offering of 12,650,000 shares of its common stock priced at $5 per share. The offering includes the sale of an additional 1,650,000 shares of common stock pursuant to the full exercises of the over-allotment option granted to the underwriters. A press release regarding the offering states: “The shares were sold at a price of $5.00 per share, resulting in the gross proceeds to Viking Therapeutics of approximately $63.3 Million. Viking Therapeutics currently intends to…

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WednesdayFeb 07, 2018 12:29 pm

NetworkNewsBreaks – EVIO, Inc. (EVIO) Announces ISO 17025 Accreditation for Florida Licensee

EVIO, Inc. (OTCQB: EVIO), a life sciences company and leading provider of quality control testing and advisory services to the regulated cannabis industry, this morning announced that its Florida licensee, Kaycha Holdings LLC (dba EVIO Labs Florida), has attained ISO 17025 accreditation, establishing it as the first accredited cannabis testing lab in the state. Per the update, ISO 17025 is the highest recognized quality standard in the world for calibration and testing laboratories. “As the first Florida Cannabis Testing lab that has achieved ISO 17025 accreditation, EVIO Labs Florida continues to set the bar for testing in the state,” Christopher…

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WednesdayFeb 07, 2018 11:40 am

NetworkNewsBreaks – Epazz, Inc. (EPAZ) Approaching Release of ZenaPay Update

Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, this morning announced that its ZenaPay bitcoin wallet has been downloaded more than 20,000 times since its launch on the Android Play Store. The company is expected to release the next version of ZenaPay on February 10, incorporating support for ethereum cryptocurrency and modifying the app’s start screen. Per this morning’s update, Epazz is also working to incorporate Litecoin and SegWit into future releases of the ZenaPay platform. “ZenaPay Wallet App is the first blockchain product the company has released. We are quickly…

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WednesdayFeb 07, 2018 10:48 am

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Reports Significant Progress of Heavy Oil Extraction and Processing Facility Assembly

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced significant progress in the assembly of its heavy oil extraction and processing facility in Asphalt Ridge, Utah. Per the update, many aspects of the rebuilding project are currently ahead of schedule. Notably, Petroteq has completed reassembly of the metal support structure for the extraction equipment; installed the extraction equipment, including augurs, the first mix tank and the motor control center; installed the first two oil storage tanks as part of the planned 4,000 barrel storage…

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WednesdayFeb 07, 2018 10:44 am

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Launches New Multi-channel Payments Platform, Netevia

Global technology and value-added solutions group Net Element (NASDAQ: NETE) this morning launched Netevia, the company’s newest multi-channel payments platform. Netevia provides end-to-end payment processing through user friendly APIs. This new offering complements Net Element’s capacity to perform in a multi-channel environment and will enable the company to perform in blockchain technology solutions. Additionally, Netevia will provide same business-day settlement and funding for merchants. “We put together all the building blocks needed for developers and merchants to integrate payments into their everyday commerce. The Netevia platform delivers a blueprint and easy to use tools for global commerce and monetization, saving…

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WednesdayFeb 07, 2018 10:23 am

NetworkNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRA: 6F6) (WKN: A2AKL8) to Acquire Stake in Payment Processing Company PayVida

Shares of Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) are up 21.5% after the company this morning said it will acquire 31.35% of all issued and outstanding shares of PayVida Solutions Inc. for $1,900,000 CAD, subject to all requisite regulatory approvals. PayVida, an emerging payment processing company, will soon be launching its global payment facilitator platform that enables merchants to receive same day funding of daily credit and debit card transactions on PayVida’s branded MasterCard®. Per the terms of the agreement, the purchase price will be completed through cash installments of $1,250,000 until paid in full…

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WednesdayFeb 07, 2018 10:06 am

NetworkNewsBreaks – Greenkraft, Inc. (GKIT) Positioned to Benefit from Implementation of Carl Moyer Program

Greenkraft, Inc. (OTCQB: GKIT), a nationally recognized player in the alternative fuel engine and vehicle market, this morning announced that several fleet operators are expected to apply for funding from the California Carl Moyer Program in order to replace their existing vehicles with Greenkraft vehicles. Per the update, the Carl Moyer Program, which is expected to go into effect in March, is an incentive program aimed at allowing fleet operators to replace older trucks. The program offers incentives ranging from $10,000 to $60,000 per new truck, depending on the class. Greenkraft offers trucks ranging from class four to class seven,…

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WednesdayFeb 07, 2018 9:36 am

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Subsidiary Receives Notice of Publication for Metal-Air Fuel Cell Patent

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its wholly-owned subsidiary, ZincNyx Energy Solutions, Inc., has received notice of publication for its patent describing metal-air fuel cells under the Patent Cooperation Treaty. Per the update, the patent application has now entered the national phase, and numerous international jurisdictions have been designated for filing. Key technical features of the patent include an apparatus for encouraging the settling of metal-air particles in the electrolyte (anode) chamber of a fuel cell, a serpentine arrangement for flowing electrolyte through the anode chamber of the…

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