If poker wasn’t already enough of a gamble, players are increasingly placing bets with the most speculative currency of them all: bitcoin.
Poker websites have started accepting bitcoin from U.S. players to skirt federal legislation that makes it illegal to transfer funds associated with illegal Internet gambling, at a time when bitcoin advocates are striving to distance the virtual currency from illegal activities.
The move to bitcoin in online poker started after the Department of Justice seized three of the biggest poker websites in the U.S. on April 15, 2011, a day known as Black Friday in the poker community. Bitcoin poker has gained momentum this year alongside the expanding profile and rising price of bitcoin, open-source software that has been heralded as both a virtual currency and protocol for payments. Bitcoin started the year trading around $13 and surged above $1,000 in late November.
Federal authorities aren’t sure if it’s a currency, a security, or something else altogether. Designation aside, bitcoin is increasingly used in very traditional purchases, from buying a house to getting a beer, and lately, playing a few hands of Texas Hold ‘em
The maximum number of shares was clearly stated by the CEO in the call. The basher cockroaches say you would have to be nuts to believe that? Nah, you would have to nuts to believe a lieing basher cockroach over the CEO.
WPCS now has legacy business AND Bitcoin for $40 MM market cap. The drop was totally expected as the convertible debt was converted to common shares. Now that the shares have been converted the price will go back up to reflect WPCS value as only pure play bitcoin company.
EXFACTLY the same thing happened to DSS:AMEX after their reverse takeover
Short term drop from $3 to $1
Now at $2 headed to $5
Take it to the bank!
enjoy the ride.
Nope Filed last night. Your 20 cent assertion is so ridiculous it's laughable why would the insiders give away their company.