NEW YORK, October 24, 2017 /PRNewswire/ --
Bitcoin traded near the $6,000 level on Monday after it hit an all-time high of $6,147.07 last Saturday. The world's largest cryptocurrency by market capitalization has risen nearly 500
percent this year and bringing its total market value of about $98.74 billion. According to
Cryptocoins News, rumors that China may resume cryptocurrency trading by licensing bitcoin
exchanges could have added to the recent rally in bitcoin prices. According to data from CryptoCompare, Japan now accounts for 59 percent of the total cryptocurrency trading volume, while 25.5 percent of trades
came from United States. Global Payout, Inc. (OTC: GOHE), BTCS Inc. (OTC: BTCS), Global
Blockchain Technologies Corp. (OTC: BLKCF), Global Arena Holding, Inc. (OTC: GAHC), Digatrade Financial Corp. (OTC: DIGAF)
Asian countries have different attitude toward the cryptocurrency market. In September, Chinese government announced to ban
Initial Coin Offering (ICOs) and shut down the major cryptocurrency exchanges such as such as OKCoin, Huobi, and BTCC in
China, which caused bitcoin to drop sharply to a low of $2,980.
Since then, bitcoin prices have recovered after Japan showed interested in the booming market.
In September 29, 2017, Japan's Financial Services Agency announced
to issue licenses for 11 cryptocurrency exchange operators, which followed a previously passed law to recognized bitcoin as a
legal form of payment in April.
Global Payout, Inc. (OTC: GOHE) announced breaking news this morning that, "its majority owned subsidiary,
MoneyTrac Technology, Inc. ("MTRAC," the "Company") has established a strategic partnership with Pegasus Fintech, Inc., an
innovative blockchain and token accelerator company delivering regulatory-compliant solutions in the financial services,
technology, blockchain, and cryptocurrency market sectors.
The core focus of the partnership will center around the development of a regulatory-compliant, security-based cryptocurrency
token to be utilized within the financial technology platform that MTRAC is currently developing for its clients operating in the
cannabis industry. Additionally, it is MTRAC's intent to introduce a value-driven token that will completely streamline payment
processing for businesses and consumers across an industry that continues to grow substantially.
"MoneyTrac Technology is aiming to establish itself as the most effective full-service provider of financial technology
solutions for businesses in the cannabis industry," says MTRAC COO Vanessa Luna. "Pegasus's
cryptocurrency technology will serve as the catalyst for us to develop and introduce a cryptocurrency token that we believe will
become the foundation for a revolutionary financial platform for the cannabis industry and go well beyond anything currently
available in this market."
Pegasus Founder and CEO David Lucatch adds, "At Pegasus Fintech, we have devoted a considerable
amount of time and effort toward the development of a security-based token acceleration process that meets the needs and
expectations of a changing global securities landscape. We are excited to have the opportunity to work in collaboration with
MoneyTrac Technology on the development of a regulatory compliant Public Initial Blockchain Offering ("PIBCO") that will become
the foundation for a token offering in their market sector that we believe will not only offer a real value to investors and
token holders, but also facilitate market liquidity." With the development and successful launch of a cryptocurrency-based token,
MoneyTrac expects to increase its revenue earning potential in addition to its overall value amongst its client base within the
cannabis industry."
BTCS Inc. (OTC: BTCS) plans to create a portfolio of digital assets including bitcoin and other "protocol tokens" to
provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. BTCS intends to acquire digital
assets through: open market purchases, participating in initial digital asset offerings. On October
11th, BTCS announced it has secured $1,000,000 in financing, which includes $250,000 (59.38) in bitcoin. "This financing represents a major milestone in the ongoing evolution of our
Company," stated Charles Allen, CEO of BTCS. "With the opportunity in the burgeoning blockchain
space is still in its infancy, our planned merger with Blockchain Global Ltd. ("BGL") positions us with a diversified business
model that sets the stage for market leadership globally, and this financing represents a strong commitment to move forward."
Global Blockchain Technologies Corp. (OTC: BLKCF) is an investment company providing investors access to a basket of
holdings within the blockchain space, managed by a team of industry early adopters and pioneers who have had a significant impact
on the rise of the blockchain. Global Blockchain is focused on streamlining the complicated process that interested investors
currently must undergo in order to gain exposure to the cryptocurrency space. Global Blockchain Technologies announced on
October 16th that it has commenced an Australian Securities Exchange listing
application. Global Blockchain president Shidan Gouran noted: "The addition of a listing in
Australia to our listing in Frankfurt brings access to trading
much closer to 24 hours a day on conventional exchanges, which should be the standard in the digital age."
Global Arena Holding, Inc. (OTC: GAHC) holds a number of interests, including Global Elections Services, Inc., GAHI
Acquisition Corp and Blockchain Technologies Corporation Inc. The Company focuses on acquiring technologies, patents and
companies having the ability to leverage the blockchain crypto technology. On August 17th,
Global Arena Holding announced that after months of development and testing, the Company's subsidiary, Global Election Services,
Inc. is proud to announce the implementation of new proprietary software and hardware to utilize in ballot scanning during the
tabulation process.
Digatrade Financial Corp. (OTCQB: DIGAF) a digital asset exchange, blockchain development and fintech advisory services
company announced on September 28th, the execution of a Letter of Intent "LOI" for its Initial Coin
Offering "ICO" with No Limits Consulting Limited based in Hong Kong. The project deck, currently under development, will
include the leadership team, development team, new Digafund ICO platform & launch date, legal & accounting, regulatory
compliance partnerships, white paper, token structure, use of proceeds and user guide registration for token activation among
other items and requirements.
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