Tag: Spondoolies

May 11, 2016 BY Maria Nikolova

Israeli court appoints temporary liquidator for Spondoolies

Less than three months after Israel’s Office of Chief Scientist (OCS) approved the proposed merger of blockchain technology focused group BTCS Inc (OTCMKTS:BTCS) and Spondoolies-Tech Ltd, the Israeli transaction verification server manufacturer ceased operations. On May 4, 2016, a hearing was held in the district court in Beersheva, Israel during which certain parties sought appointment of…

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February 25, 2016 BY Maria Nikolova

Israeli OCS approves merger of Spondoolies-Tech and Bitcoin firm BTCS

Israel's Office of Chief Scientist (OCS) has approved the proposed merger of blochain technology focused group BTCS Inc (OTCMKTS:BTCS) and Israeli transaction verification server manufacturer Spondoolies-Tech Ltd. The companies receive this regulatory nod of consent about five months after they sealed a definitive merger agreement. The OCS approval is one of two key conditions for…

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February 19, 2016 BY Maria Nikolova

Bitcoin firm BTCS incurs net loss of $10 million in FY 2015

BTCS Inc (OTCMKTS:BTCS), formerly known as Bitcoin Shop, Inc., has just published its report for the fiscal year to December 31, 2015, with the data revealing a rise in revenues and a heavy net loss, reflecting mostly high operating expenses. The numbers are hardly surprising for anyone monitoring the fortunes of BTCS, which has been…

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