NEW YORK, October 24, 2017 /PRNewswire/ --
Bitcoin price rose past $6,000 for the first time last Friday and hit a new record high of
$6,147.07 on Saturday. Expectation for another upcoming split of bitcoin drove the investors'
interest towards the digital currency. According to industry website CoinDesk Bitcoin was trading at $5,842 during Monday's trading session. Investors are closely watching hard fork in November, which may lead to
the creation of a new cryptocurrency called bitcoin gold. Bitcoin holders will get some of the new digital currency when it is
issued. Glance Technologies Inc. (OTC: GLNNF), BTL Group Ltd. (OTC: BTLLF), MGT Capital Investments Inc. (OTC: MGTI), Riot
Blockchain Inc (NASDAQ: RIOT), Overstock.com, Inc. (NASDAQ: OSTK)
On August 1 st , Bitcoin split into bitcoin and bitcoin cash. After the split,
bitcoin has gained over 100 percent. While bitcoin cash hit a high of over $800 in mid-August. But
the price of bitcoin cash pulled back from record high and is trading at $316.43 on Monday,
according to data from Coinmarketcap.com. Other cryptocurrencies have also been traded higher this year. Ethereum, the second
largest cryptocurrency by market capitalization, is up as much as about 3400 percent this year. Ripple is also gaining some
market shares, with a market cap of about 7.4 billion.
Glance Technologies Inc. (OTCQB: GLNNF) also listed on the Canadian Stock Exchange under the Ticker 'GET'.
Announced breaking news this morning that, "it is researching the creation of a rewards based cryptocurrency for use within its
mobile payment platform."
"We believe that there is an opportunity in the payment space for a cryptocurrency that can facilitate rewards and
promotions," says Glance CEO Desmond Griffin, "The new cryptocurrency frameworks are highly
flexible and we believe they can be used to fundamentally change how rewards and promotions are used."
A cryptocurrency may be redeemable through the Glance Pay app and its affiliates and eventually potentially outside of the
Glance Pay platform. Rewards may accrue through usage of the app or via other events that trigger rewards or promotions.
Glance currently uses two forms of credits through its Glance Pay application which users can use instead of fiat currency
throughout the Glance Pay mobile payment network. Users can now receive Glance Dollars which may be used at any merchant on the
Glance Pay network, and they may also accumulate Merchant Dollars whereby a customer accumulates merchant dollars which are
redeemable at a particular merchant by spending money at that merchant using the Glance Pay application. Glance is now
considering how this can be built on and approved by a cryptocurrency.
Glance is also in discussions with other companies whereby Glance may accept other new cryptocurrencies as an acceptance
currency within the Glance Pay mobile payment platform. Glance is currently looking to expand its engineering team to include
capabilities in blockchain development so that it may build out its own blockchain technologies.
On October 3, 2017, Glance announced an alliance with Netcoins Inc., to give people better
access to both buying and spending bitcoin. Bitcoin currently can take many minutes or sometimes hours to complete a transaction.
Glance may solve this problem by allowing bitcoins to be converted to Glance Dollars which can then be used to make lightning
fast transactions using the Glance Pay app. Glance has several cryptocurrency and blockchain consultants on its advisory board,
including Michael Vogel and Dominic Vogel (the founders of
Netcoins) and Sprios Margaris, who has been recognized as the No. 1 top global Fintech influencer
by Onalytica.com and No. 10 overall blockchain influencer by Right Relevance.
BTL Group Ltd. (OTC: BTLLF) is focuses on chain connecting solutions powered by Interbit, which is a blockchain
development platform designed for business innovators and developers to quickly and easily incorporate the best of blockchain
capabilities into enterprise applications. "Interbit's blockchain architecture was designed from the ground up with privacy,
scalability, and security in mind. Satisfying the demands of enterprise clients has always been our primary concern. Our ability
to join chains and control what is shared between them, enables features and functionality that previously required third party
integrators and compromised the security and privacy of the network," according to BTL Group.
MGT Capital Investments Inc. (OTCQB: MGTI) is a U.S. based Bitcoin miner. On October 2
nd the company announced the commercial launch of its Sentinel network intrusion detection system. Orders will be
accepted via the website, http://www.mgtsentinel.com . The MSRP per unit
is $2,499, inclusive of one year of monitoring, and will ship on November 1,
2017. The Sentinel system, composed of a passive hardware device connected to each subnet, monitors network traffic for
suspicious activity using sophisticated algorithms, generating an alert and deploying countermeasures when triggered.
Riot Blockchain Inc (NASDAQ: RIOT) intends to gain exposure to the blockchain ecosystem through targeted investments in
the sector, with a primary focus on the bitcoin and Ethereum blockchains. "We are pleased to begin trading under the new RIOT
symbol as we transform into a strategic investor and operator of blockchain technologies," said Michael
Beeghley, CEO of Riot Blockchain. "We want our company name, symbol and mission to embody the disruptive nature of this
field and our commitment to the evolution of digital transactions."
Overstock.com, Inc. (NASDAQ: OSTK) announced earlier this August an integration with ShapeShift, the world's
leading instant digital asset exchange, that allows customers to use all the major cryptocurrencies, including Ethereum,
Litecoin, Dash, Monero, and the new Bitcoin Cash, to buy online from Overstock's selection of nearly 4 million products.
ShapeShift allows digital currencies to be easily converted between different coin types in a matter of seconds, all without any
account setup or personal data required. "Overstock is pro-freedom, including the freedom of individuals to communicate
information about value and scarcity without relying on a medium created through the fiat of unaccountable government mandarins.
For that reason, we have been an early proponent and adopter of cryptocurrencies," said company CEO and founder Patrick M.
Byrne. "ShapeShift has provided an elegant way for users of any digital currency to transact seamlessly and privately across
chains, and we're excited to harness that ability to the benefit of our customers."
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the
information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting
high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com
does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along
with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our
unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated five thousand dollars for financial news dissemination and pr services by glance technologies inc. Our fees may
be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a
combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance
is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or
cash payments for financial news dissemination and pr advertising. FinancialBuzz.com does not undertake to update any of the
information on the editorial or Site or continue to post information about any companies the information contained herein is not
intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation.
The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members
and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site,
company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors
accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation
of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and
website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time.
None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any
particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication
is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment
strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree
to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no
representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change
without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not
guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com.
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com