Bitcoin Solutions Provider HashingSpace Secures Business Incentives Advisory Services from Duff & Phelps

Bitcoin Magazine
Bitcoin Solutions Provider HashingSpace Secures Business Incentives Advisory Services from Duff & Phelps
HashingSpace-Screenshot

US based HashingSpace Corporation (OTCQB: HSHS) announced today that it has retained the services of Duff & Phelps, a global valuation and corporate finance advisor. HashingSpace builds key infrastructure for the global adoption of Bitcoin and Blockchain services with hosted ASIC mining.

WENATCHEE, WA / August 7, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has reached an agreement with Duff & Phelps Corporation to secure their expertise in business incentives advisory services.
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute and legal management consulting, M&A, restructuring, and compliance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world. As experts in complex properties, Duff & Phelps assist clients by identifying and capitalizing on available tax benefits and incentives.

“Duff & Phelps has the expertise to advise HashingSpace in a variety of areas that are important to our success,” stated Timothy Roberts, CEO of HashingSpace Corporation. “Initially, they will be focused on finding tax rebates and grants that are available to us as we build our state of the art data center, Fortress One. Duff & Phelps will review our spend data to mine the optimum amount of recoverable benefits. HashingSpace is looking to maximize the potential we have to build a cutting edge energy efficient data center that is purposely built for the Bitcoin and blockchain industry. Our shareholders can feel confident knowing we have retained a world leading company with the expertise to help us maximize our tax and incentive opportunities.”

Gregory Burkart, Managing Director of Duff and Phelps Business Incentives Group added,

“We are honored to be working with Tim Roberts and HashingSpace.  Duff and Phelps has been fortunate to assist some of the world’s most innovative companies with their economic development incentives, and we welcome the opportunity to partner with HashingSpace on this exciting project.”

|da461c4a6fcb4b6b3808117615b2dedd|

|f322b4bbf9f13eda7136f2139eb6d700|        Servers fully managed and specifically set-up for ASIC MINING
|8e2e1be414845e4450172696f36c037d|           Cloud mining servers that can be rented with full hashing power
|c8ecd6bd275e41a63bb16a193afc108f|          Our own Mining Farm
|7cef81dd026599b345d4eb0697841476|               Owner and operator of Bitcoin ATM machines
|ffc6ffc6d3f54f73366662ed5ebc8db5|        Bitcoin consumer wallet for bitcoin banking and transactions
|bcdf16dcb490b39b91c3c0b9c8be7445|             Public Stratum and P2Pool (Web/IOS/Droid)
|3fb7f855f5cbb2b2ce114c974e89cd49|          Free Ticker for tracking Bitcoin Value (Screen Saver/Web/IOS/Droid)
|ace6188dc87d2263ae06714f4acf60ca|                A wholesaler of Bitcoin servers and Bitcoin ATM machines

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

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HashingSpace Corporation is a Bitcoin ASIC mining company, hosting provider, and service provider of blockchain transactional services. HashingSpace’s high density datacenters are designed to meet the demanding power and cooling needs of client hosted Bitcoin mining gear with unparalleled pricing, cooling and green energy. The Corporation is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin and blockchain mining and transactional verification services industry specifically.

HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin
mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.

HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visitwww.hashingspace.com.

Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available. For more information please visit http://www.hashingspace.com or call 1-855-HASHING (427-4464).

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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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This press release is for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin Magazine or BTC Media, LLC. Bitcoin Magazine does not certify the accuracy of the above information provided by HashingSpace Corporation.

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Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

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PwC Report: Cryptocurrency Represents the Beginning of a New Phase of Technology-driven Markets
pwc

In a paper titled Money is no object: Understanding the evolving cryptocurrency market, just published by PricewaterhouseCoopers, the multinational professional services network examined and explained its position on cryptocurrencies.

Its verdict: The inherent value of cryptocurrency has “gained acceptance from a critical mass of investors, technologists, regulators, merchants, entrepreneurs and consumers … In fact, in our view, cryptocurrency represents the beginning of a new phase of technology-driven markets that have the potential to disrupt conventional market strategies, longstanding business practices, and established regulatory perspectives – all to the benefit of consumers and broader macroeconomic efficiency.”

Structured in part as a primer for investors and business professionals with a limited understanding of cryptocurrencies, the document opens with a just-the-facts overview of Bitcoin in terms that a newcomer to the space would best understand, explaining the blockchain’s open-ledger characteristics, describing the attributes of cryptocurrencies, defining key terms, and introducing the potential of 2.0 applications. It also touches on the current public perceptions of Bitcoin, briefly recounting its history in the headlines, explaining the nature of its volatility, and giving a snapshot of its place in the public’s consciousness today.

The report also focuses on the role of mainstream adoption of cryptocurrencies, examining the factors that will affect its growth, and the disruptive mass effect it could have in the future.

“Investors speculating in the future possibilities of this new technology have driven most of the current market capitalization, and this is likely to remain the case until a certain measure of price stability and market acceptance is achieved.”

It goes on to map out the potential impact of cryptocurrencies, both in terms of disruption and opportunity, on the tech, investment and financial sectors.

PwC acknowledges the diminishing role of the financial middleman due to disintermediation in the banking sector, stating that “what sets cryptocurrency apart from other recent payment innovations is its potential to dramatically limit the role of traditional financial institutions in clearing and settling payments.”

The report also touches on the role that regulatory clarity will play in allowing digital currencies to grow, asserting that “cryptocurrency will not reach its true market potential unless and until it develops in harmony with applicable regulations.” It recognizes that achieving this harmony is a tall order since “government attitudes toward cryptocurrency are inconsistent…evolving at different paces in different regions.”

The report concludes with an optimistic wait-and-see attitude toward bitcoin and cryptocurrencies in general – “… the next iteration of cryptocurrency … may reshape much of what we previously thought was possible on the Internet” – but reserves its highest praise for the blockchain itself:

“In our view … the more important potential disruptor is the blockchain public ledger technology that underlies cryptocurrency … Any financial asset that currently requires a trusted third party to provide verification could, theoretically be disrupted.”

 

Photo Bjørn Erik Pedersen / Wikimedia

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The Growing Talent Exchange Between Bitcoin and Wall Street
WallStConference

In February Bitcoin Magazine reported that Crypto Facilities Ltd., a London-based broker founded by former Goldman Sachs Executive Director Timo Schlaefer, had announced the launch of its bitcoin derivatives trading platform.

The Crypto Facilities platform is trading bitcoin forwards, which are directly linked to the price of bitcoin, but also developing other digital currency derivative products.

“This is uncharted territory,” said Schlaefer as reported by Reuters. “It’s an exciting opportunity to participate in a new area of technology that has massive potential.”

Wall Street and Bitcoin used to be completely separated and incompatible worlds, but now there is more and more interpenetration and talent exchange between the two worlds. Recently Santander InnoVentures and other financial firms launched a call to action to banks, financial institutions and financial technology businesses to work together to reboot the banking and financial services industry.

While seasoned financial professionals like Schlaefer are founding or joining Bitcoin startups, banks and Wall Street companies are fishing for top talent in Bitcoin waters, Reuters reports. In June, online bitcoin job ads surged to a record high of 306.

Reuters notes that Schlaefer probably would make more money at Goldman, but what attracts him and other migrants from Wall Street is the ability to be part of the growth in Bitcoin and its underlying blockchain technology.

“A lot of people are entering the Bitcoin space as the sector has reached an overall level of funding that’s hard to ignore,” said Coinsetter founder and CEO Jaron Lukasiewicz, who moved to the Bitcoin world in late 2012 from private equity firm The CapStreet Group.

Total investments in Bitcoin companies for 2015 – totaling $375.4 million in the first six months – have already exceeded 2014’s total of $339.4 million. According to Tomasz Tunguz, a partner at venture capital firm Redpoint, Bitcoin is the fastest growing area of startup investment in 2015, but it is still relatively underfunded, which makes it an ideal investment target for venture capitalists and institutional players alike.

In fact, as recently reported by Bitcoin Magazine, major financial players such as Citi, UBS and Barclays are exploring the blockchain, while a BNP Paribas analyst is persuaded that the blockchain could revolutionize finance. According to the Santander Innoventures report “The Fintech 2.0 Paper: Rebooting financial services,” blockchain-based technology could save banks $20 billion per year by 2022.

Other top financial professionals who made the jump to Bitcoin mentioned in the Reuters article are Paul Chou, founder and chief executive officer of Ledger X (formerly at Goldman Sachs), and Henri Chan, chief operating officer at digital wallet platform Airbitz (formerly at Deutsche Bank, UBS and Morgan Stanley).

Former JPMorgan Chase & Co. executive Blythe Masters, the creator of the modern credit default swap, (a derivative used to trade credit risks), who now heads blockchain company Digital Asset Holdings, is not mentioned in the Reuters article but is probably the best known financial heavyweight now active in the blockchain space. At the recent Exponential Finance 2015 conference in New York, Masters said that the market for financial blockchain applications ultimately will be measured in the trillions.

“How seriously should you take [the blockchain]?” Masters asked. “About as seriously as you should have taken the concept of the Internet in the early 1990s. It’s a big deal.”

The post The Growing Talent Exchange Between Bitcoin and Wall Street appeared first on Bitcoin Magazine.

Bitcoin and Blockchain Provider HashingSpace Secures Corporate and Securities Services from Kane Kessler
HashingSpace-Screenshot

US based HashingSpace Corporation (OTCQB: HSHS) announced today that it has secured the services of Kane Kessler, a leading law firm with corporate and securities expertise. HashingSpace’s mission is to build out key infrastructure for the global adoption of Bitcoin and Blockchain services with hosted ASIC mining.

WENATCHEE, WA / August 10, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has retained the services of a leading law firm, Kane Kessler, to advise us in corporate and securities compliance matters.

Kane Kessler, a New York law firm, has been offering exceptional legal services for over 80 years. They provide expertise in corporate and securities compliance issues. Specifically, they will provide their know-how in structuring financing, mergers and acquisitions, commercial matters, corporate governance and regulatory issues.

“We are happy to have reached an agreement with Kane Kessler to offer us their extensive expertise in corporate and securities compliance,” stated Tim Roberts, CEO. “HashingSpace is a publicly traded company and has the obligation to our shareholders to make sure we follow all the SEC securities compliance requirements. We are happy to have retained the services of Kane Kessler. They have the expertise to make sure we our providing our shareholders a full range of services.”

Peter Campitiello, Partner at Kane Kessler, stated “We are excited to be representing HashingSpace in this dynamic industry and are pleased they have expressed their confidence in us to help lead them in their efforts.”

HashingSpace Corporation’s business will provide a wide range of services to include:

· HASHHOSTING Servers fully managed and specifically set-up for ASIC MINING
· CLOUDHASH Cloud mining servers that can be rented with full hashing power
· HASHMINING Our own Mining Farm
· HASHATM Owner and operator of Bitcoin ATM machines
· HASHWALLET Bitcoin consumer wallet for bitcoin banking and transactions
· HASHPOOL Public Stratum and P2Pool (Web/IOS/Droid)
· HASHTICKER Free Ticker for tracking Bitcoin Value (Screen Saver/Web/IOS/Droid)
· HASHVAR A wholesaler of Bitcoin servers and Bitcoin ATM machines

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

About HashingSpace Corporation

HashingSpace Corporation is a Bitcoin ASIC mining company, hosting provider, and service provider of blockchain transactional services. HashingSpace’s high density datacenters are designed to meet the demanding power and cooling needs of client hosted Bitcoin mining gear with unparalleled pricing, cooling and green energy. The Corporation is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin and blockchain mining and transactional verification services industry specifically.

HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin
mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.

HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visitwww.hashingspace.com.

Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available. For more information please visit http://www.hashingspace.com or call 1-855-HASHING (427-4464).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

HashingSpace Corporation
5042 Wilshire Blvd. #26900
Los Angeles, CA, 90036
855 – HASHING (427-4464)

Investor Relations: ir@hashingspace.com

 

This press release is for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin Magazine or BTC Media, LLC. Bitcoin Magazine does not certify the accuracy of the above information provided by HashingSpace Corporation.

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Kraken Joins Exchanges Refusing to Apply for a BitLicense, Suspends Service in New York
leaving-nyc

San Francisco-based bitcoin exchange Kraken has announced the dismissal of its service in New York due to the state’s BitLicense and strict regulations for financial exchanges.

“Regrettably, the abominable BitLicense has awakened. It is a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth. It’s at least a 40-man, bro,” the Kraken team wrote on their blog.

According to the Kraken team, some of the reasons for their decision include no user-support from New York banks, no guarantee of enforcement against unlicensed competitors and reduced customer protection for all New York-based users and traders.

Kraken is the third company to leave New York over the last two weeks, following the lead of bitcoin exchange BitFinex, boutique bitcoin exchange Poloniex and bitcoin peer-to-peer marketplace Paxful.

Kraken explained to the users that the company may resume its services in New York in the future if the New York Department of Financial Services decide to reduce the requirements of the BitLicense and reduces the compliance, application and legal costs involved.

“If the BitLicense becomes significantly nerfed at some point in the future, we may attempt a rescue. Until then, you’re on your own. Good luck,” The Kraken team announced.

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