[2013-12-27] WPCS shares surge on bitcoin trading platform release

[Jerfer]

Maybe this is why Bitcoin rose yesterday.

http://www.marketwatch.com/story/wpcs-shares-surge-on-bitcoin-trading-platform-release-2013-12-26

Edit;

That article sucks. Here's a better one:

http://www.smallcapnetwork.com/WPCS-International-Inc-Nasdaq-WPCS-BTX-Bitcoin-Trading-Platform-Could-Change-Its-Trading-Levels/s/via/26106/article/view/p/mid/1/id/95/

After closing bell, WPCS reported that its wholly-owned subsidiary BTX Trader, LLC has released a beta version of its Windows-based trading platform that is now available to the public at www.btxtrader.com.

WPCS' BTX Trader is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application.

According to the company, it is on schedule to release both web and mobile versions of its platform by early 2014.

Another edit;

Here's an article from December 17, 2013 that talks about WPCS acquiring BTX Trader. This one is much more detailed.

http://www.smallcapnetwork.com/WPCS-International-Acquires-Bitcoin-Trading-Platform-BTX-Trader/s/via/24047/article/view/p/mid/1/id/11/

The first and only stock for investing in the Bitcoin sector is officially WPCS International (NASDAQ: WPCS). Executives from WPCS International announced today that they have signed initial documentation for a partnership with the leading multi-exchange Bitcoin trading platform, BTXtrader. By owning WPCS International stock, investors now receive concentrated exposure to the Bitcoin services market backed by a fully-reporting U.S. company and the continuous liquidity of NASDAQ.

Despite the parabolic growth of Bitcoins during recent months, the only investment option has been to purchase Bitcoins- a laborious and risky process. Plagued by lengthy application forms, complicated banking requirements, offshore accounting arrangements, background identity checks, withdrawal delays often lasting weeks, and intra-day fluctuations exceeding 50%, most U.S. investors have been understandably hesitant to buy Bitcoins directly. To bridge the gap between investor interest and poor accessibility, WPCS International has decided to offer Americans a simple form of exposure through its own NASDAQ listing.

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[Lethn]

I didn't know about this one O_O the Bitcoin infrastructure is growing!

[LiteCoinGuy]

"WPCS International Incorporated (NASDAQ: WPCS) is an American corporation with global operations that is headquartered in Exton, Pennsylvania. The company is a design-build engineering firm focused on the deployment of wireless networks and related services including site design, technology integration, electrical contracting, construction and maintenance. WPCS serves the specialty communication systems sector which includes public services, healthcare and alternative energy and the wireless infrastructure sector which includes work performed for commercial wireless carriers. WPCS has a diverse customer base of corporations, government entities and education institutions worldwide. WPCS was founded in 2002 by Andrew Hidalgo and has approximately 500 employees."

[gog1]

I just don't see how they'll succeed on a large scale at this moment.  Each exchange has its idiosyncrasy (MtGox can't withdraw fiat, good luck with BTCChina with all these issue plus China's currency control), they'll constantly be out of reserve or have their money trapped.  Other than regulatory challenge, another issue bitcoin exchange faces is security, DDOS / hacking, by doing what they are trying to do, the risk of getting hacked increases dramatically as they ought to have funds / BTC at the exchanges, and any of one of their linked exchanges getting hacked will open them up to huge losses.

[LiteCoinGuy]

http://finance.yahoo.com/video/playing-bitcoin-nasdaq-cramer-looks-122939657.html