TL;DR: CoinGeek owner Jimmy Aire and Bitcoin Association president Calvin Gwynn shocked followers, announcing today their acquisition of CoinSpice.io, a formally independent cryptocurrency news site, for an undisclosed sum. Broader ecosystem sentiment was equally taken aback, as the two outlets were known to be at cross purposes on a number of key issues. SpiceGeek News, as the new organization has been named, is reportedly going to combine both staffs, and release a hybrid security utility token, Bitcoin Cash Vision (BCHVN), through a highly anticipated initial coin offering (ICO).
CoinGeek and CoinSpice Merge: SpiceGeek News, Bitcoin Cash Vision Token
“I, for one, welcome our new overlords,” praised former CoinSpice Editor-in-Chief C. Edward Kelso, who is being transitioned to Assistant Porter at the sprawling London offices of nChain. Executive Editor Hayden Otto will head business development for SpiceGeek, and has been tapped to help ease transition between camps. Venezuelan reporter Linzerd is already assuming SpiceGeek Editor-in-Chief duties seamlessly.
It’s not unusual, especially in a bear market, for mergers and acquisitions to occur. Crypto news outlets are particularly under pressure, and consolidation can make a lot of economic sense. “It’s a great day for SpiceGeek,” Jimmy Aire smiled in a YouTube announcement. “It’s time for the cryptocurrency news space to grow up.”
Former Bitcoin Cash (BCH) developer Gabriel Séchet was recruited to lead a pending ICO of the new token, BCHVN. Pre-mining will begin in about two weeks, according to the 4,567 page white paper and road map. BCHVN is billed as a metanet hybrid security token that atomically jumps from the Ethereum blockchain through EOS and back onto Bitcoin Cash before settling finally on TRON.
“It probably sounds crazy,” Gabriel Séchet explained, “but this is right in line with the Singularity. It’s a new paradigm.” Those who donate 5 BCH to the pool will be credited with 5 trillion BCHVN, which can then be redeemed each time registered users sign-in through the SpiceGeek paywall in order to unlock articles.
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