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News Commentary #151 — BitTank First Thoughts and SPEY

First Thoughts on BitTank.

BitTank.Club recently purchased a “Sticky Diamond” listing on the Emily News monitor.  Welcome!  Established in 2015, BitTank is one of a number of online services built by MatrixBit.Club.  MatrixBit.Club consists of a number of “Founders.”  Anyone can join this MatrixBit.Club for a small annual fee.  All members earn daily interest on their deposits and Founders in the “Manager” category can be involved with the formulation of future projects such as BitTank.  But, returning to BitTank, as you might suspect already, the company is involved with Bitcoin mining.  This quickly gets beyond the comprehension limits of this reviewer, but it appears that BitTank has their own very sophisticated computer mining hardware dedicated to this use.  They seek funds to increase the scale if their operation and, of course, this is where you — the investor — fit into the picture.  Like many HYIPs, BitTank offers a number of investment plans in order to do this.  There are three of them and they all run for a full year’s time.  So, they are definitely in the long-term category.  It also looks like the returns are modest, something that I always regard as a hopeful sign that a company plans to be around for a long time to come.  In summary, BitTank appears to be a very well-thought-out program that is a part of something even bigger — the MatrixBit.Club.  All of these are encouraging signs.  Please stand by for a full review of the program which will take place in the next few days.

 

Scary News from SPEY.

In a kind of late reaction to the suspension (closing?) of the BTC-e exchange. SPEY decided on August 15 to suspend both deposits and withdrawals from their program.  Readers might recall that FexFund — one of our premium programs a month of two ago — as well as Ethtrade, closed in the wake of the BTC-e crisis.  As far as SPEY is concerned, all we can do is hope that they are correct when they say that BTC-e will be “restored as soon as possible” — whatever that means…

Here’s the update from SPEY:

Suspension of the funds’ deposit and withdrawal.

Dear partners of the SPEY INVEST LTD Company
After suspension of the BTC-e stock exchange functioning, the company top-management took a decision to pause trading and financial transactions from the company’s side, until the work of the stock exchange could be restored.
Please, stay calm and do not panic. According to our information, it has become known that the stock exchange functioning could be restored as soon as possible, and our company will continue its functioning as usual. We apologize for this inconvenience and we’re looking forward to the early operations’ resumption!
Faithfully, Marketing Department of the SPEY INVEST LTD Company

Well, it looks like SPEY has, indeed, stopped paying.  So, we have no choice but to put the program on PROBLEM status.  That’s the way the rules of the Emily News monitor work!  Unless SPEY starts paying very soon, we will have to close the program.  Investors, please do NOT invest with this program!

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