Bitcoin Shop CEO Charles Allen Interviewed on Bloomberg TV’s ‘Street Smart’ to Discuss New York State’s Virtual Currency Legislation Proposal
July 22, 2014: 09:00 AM ET
Bitcoin Shop, Inc. (OTCQB: BTCS) (the “Company”), the virtual currency ecommerce marketplace www.bitcoinshop.us, today announced that its Chief Executive Officer, Charles Allen, was interviewed on Monday, July 21, 2014 live on Bloomberg TV’s Street Smart at 4:10 p.m. ET. The topic of the appearance was a discussion regarding the recent proposal from New York outlining state regulations for virtual currency companies.
Street Smart online viewing details are as follows:Interview Date: Monday, July 21, 2014 Network/Program: Bloomberg TV/Street Smart Interview Title: Will Other States Adopt NY’s Bitcoin Rules? Interview Link: http://www.bloomberg.com/video/will-other-states-adopt-ny-s-bitcoin-rules-uL6BJGymQAeZ8xSIcCIv0Q.html
About Bitcoin Shop, Inc.:Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as bitcoin, litecoin and dogecoin, by searching through a selection of over 400 categories and over 140,000 items. All orders are originated by the customers through our website and are fulfilled by third party vendors. We also plan to evaluate other strategic Virtual Currency opportunities as well as technologies that are complementary to our business strategy. This will include evaluating opportunities that cross market our ecommerce site, diversify our revenue streams and provide on-ramps for new users.
Bitcoin, litecoin and dogecoin are virtual currencies that use peer-to-peer networks to facilitate instant payments. They are all categorized as cryptocurrencies, as they use cryptography as a security measure. Bitcoin, litecoin and dogecoin issuances and transactions are carried out collectively by the network, with no central authority, and allow users to make verified transfers.
Forward Looking Statements:Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. 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. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its virtual currency business contained therein. 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.