BitGold Going Live Today on TSX Venture Exchange

BitGold, which recently rolled out the full version of its platform, will go live for public trade today on the TSX Venture Exchange.

The Toronto-based startup is aiming to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Bitcoin's Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term to streamline the transacting of gold. It believes that the properties of gold and its rarity make it a reliable medium for savings and trade. Services include gold purchases, storage, and capabilities of spending or accepting gold for payment. Among its major backers is Sprott Asset Management, a prominent hedge fund with a focus on alternative assets like gold.

Earlier this year, the startup entered into a reverse merger agreement with Loma Vista Capital Inc, a shell company traded on the venture exchange. BitGold has indicated that the merger is now complete.

The new entity will be traded under the symbol XAU, a play on gold's Au symbol in the periodic table of elements.

According to a regulatory filing, there are 36,619,885 common shares, 3,888,888 warrants, 462,346 agent warrants and 1,974,428 options outstanding.

BitGold joins bitcoin exchanges QuadrigaCX and CoinTrader as other Canadian bitcoin companies announcing plans to go public this year.