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The second key closing condition of the merger requires confirmation from the Israeli Tax Authority regarding deferred payment of applicable Israeli taxes related to the transaction. The OCS approval places us one important step closer to completing the merger. The final ownership percentages will be determined prior to closing.

About BTCS: BTCS secures the blockchain through its rapidly growing transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast growing industry. The blockchain is a decentralized public ledger and has the ability to fundamentally impact all industries on a global basis that rely on or utilize record keeping and require trust.

BTCS continues to evaluate and build additional blockchain technology consumer solutions. BTCS also actively partners and integrates with strategic digital currency and blockchain technology companies who provide products or services that are complementary to its business strategy.

For more information visit: www. About Spondoolies-Tech: Founded in by a group of Israeli high-tech veterans, Spondoolies is a transaction verification server manufacturer. Spondoolies raised ten million dollars in capital from leading Israeli venture capital firms and assembled a team of leaders in the Israeli Semiconductor industry, with the goal of building the infrastructure on which digital currencies will flourish.

Building digital currency transaction verifying servers from the bottom up, Spondoolies is producing machines that are designed for efficiency and performance. During , Spondoolies successfully launched five different products.

While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Spondoolies-Tech has been offering its clients cloud mining services in collaboration with Genesis Mining. It is still not sure how or whether these customers will be accommodated by the company or not.

The stakeholders at Spondoolies-Tech have been also involved in the development and promotion of Bitcoin Classic , an alternative to the Bitcoin Core. Even though Bitcoin Classic promised increased block sizes, it was never adopted by the bitcoin network,. Like many other digital currency businesses, Spondoolies-Tech is now one among those that failed to overcome various hurdles to be successful.

Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Play Now! Tags: bitcoin Bitcoin News blockchain technology hardware liquidation mining News spondoolies-tech. Tweet Share Share Send. Could you be next big winner? Related Posts.

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