VANCOUVER, BC / ACCESSWIRE / June 11, 2014 / First Bitcoin Capital Corp. (OTCMARKETS: BITCF) advises that its news release of May 21, 2014, titled "First Bitcoin Capital Corp. (OTCMarkets: BITCF) Launches Digital Currency Exchange, CoinQX.com in Beta," contained a typographical error. The Press Release stated that "Company is seeking regulatory backup to create fully licensed Bitcoin Exchange by FINRA". The statement should have read "Company is seeking regulatory approvals to create fully licensed Bitcoin Exchange by FinCEN."
The CORRECTED release reads as follows:
VANCOUVER, BC (OTCMARKETS:BITCF) June, 3, 2014 — First Bitcoin Capital Corp., is pleased to announce that it has launched the company's digital currency exchange, CoinQX(tm) in the BETA phase and is available to the public at www.CoinQX.com.
The Company is seeking regulatory approvals to create a fully licensed Bitcoin exchange by FinCEN and other authorities and will officially launch operations immediately after obtaining all the necessary approvals and fully completing the exchange platform development.
CoinQX.com will facilitate the conversion and trading of Bitcoin into more than 100 crypto-currencies. This will enable users to securely trade Bitcoin and other digital currencies with ease and efficiency.
Traders are now able to register with CoinQX.com to begin exploring feature rich trading platforms immediately.
CoinQX.com will soon be available in multiple languages, but is currently available in English and Chinese and geared towards the Chinese-speaking bitcoin traders and enthusiasts that reside outside of China.
The front-end suite will provide Bitcoin traders with a comprehensive market view with advanced functionality including customizable market depth, time and sales, advanced charting with overlays, drawing tools, customizable time-frames and indicators, and algorithmic trading.
CoinQX.com Bitcoin Exchange will provide of a cold storage wallets that will enable traders to keep their wallets offline.
For additional security measures, the company will also require traders to complete a two-step verification process for account login, withdrawals, deposits and other transactions.
CoinQX(tm) also utilizes a "know your customer" or KYC verification process to identify new customers.
Furthermore, the company's risk management platform is designed to detect and prevent money laundering and other suspicious online activity, helping protect customers against risks posed by Distributed Denial of Service, or DDoS, attacks and other nefarious activity.
The company's security policy complies with the ISO27001 data security standard.
"By offering a higher level of security and compliance, we hope to service institutional investors and provide global services for Bitcoin and crypto-currency users," the company said.
Bitcoin is a digital crypto-currency that allows consumers to electronically exchange Bitcoin, or units of value, for a service or product anywhere in the world with no or minimal fees.
About the company:
First Bitcoin Capital Corp./fka/ Grand Pacaraima Gold Corp.- is a developing Canadian-based mining company currently holding concessions of Gold in Venezuela and is preparing to enter the crypto-currency industry. It is the first vertically-integrated consolidation company of the Bitcoin and crypto-currency marketplace. For more information please visit www.bitcoincapitalcorp.com/projects/ and www.CoinQX.com
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. Statements containing expressions such as "believes," "anticipates," "intends," or "expects," used in the Company's press releases and in Disclosure Statements and Reports filed with the Over the Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof.
SOURCE: First Bitcoin Capital Corp.