NEW YORK, November 10, 2017 /PRNewswire/ --
Bitcoin price jumped on Wednesday after the developers called off the upcoming hard fork. The world's largest
cryptocurrency hit a fresh record high of $7,848.31 on Wednesday, according to industry
website CoinDesk. The controversial software upgrade called SegWit2x, which would have split bitcoin in two, is expected to take
effect in mid-November. A group of SegWit2x leaders said they decided to suspend the upgrade due to concerns of a setback to
Bitcoin's growth. The SegWit2x leaders said in an email: "Unfortunately, it is clear that we have not built sufficient consensus
for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to
Bitcoin's growth. This was never the goal of Segwit2x." Global Payout, Inc. (OTC: GOHE), Digatrade Financial Corp. (OTC:
DIGAF), Global Arena Holding, Inc. (OTC: GAHC), BTCS Inc. (OTC: BTCS), Bitcoin Services, Inc. (OTC: BTSC).
Bitcoin gave up its gains on Thursday and was traded at $7162.89. The digital currency
has gained over 600 percent this year, bringing its market value of about 119 billion. According to Business Insider, Goldman
Sachs technical analyst Sheba Jafari believed that the bitcoin could get close to $8,000. He said in a note on Monday: "This break indicated potential for an impulsive advance, one that
could reach at least 7,941. This is the minimum target for a 3rd of 5-waves up and should therefore be a level from which to
watch for signs of a consolidation."
Global Payout, Inc. (OTC: GOHE) announced yesterday that, "Its majority owned subsidiary, MoneyTrac Technology,
Inc. ("MTRAC", the "Company") continues to make significant headway with Pegasus Fintech, Inc. on their joint collaboration in
the development of a cryptocurrency token that is being developed for the cannabis industry.
Last month, MTRAC announced the establishment of a strategic partnership with Pegasus Fintech, Inc., an innovative Blockchain
and Token Accelerator company that is focused on delivering solutions in the financial services, technology blockchain and
emerging cryptocurrency market sectors. In recent weeks, each of the companies' technology teams have devoted much of their time
and resources to the development of the cryptocurrency token they intend to introduce to the cannabis industry, an industry that
remains underserved from a financial technology perspective.
The anticipated development of the token will allow for a Public Initial Blockchain Offering ("PIBCO") to be launched and
should provide MoneyTrac with an effective avenue for raising the funds necessary to bring their digital currency to market. It
will also provide investors and venture capitalists with a unique opportunity, through a regulatory compliant program, to
capitalize on one of the fastest growing market sectors in the U.S. today."
"We are truly excited about the progress our tech and business development teams have made in recent weeks with the
collaborative work they have been engaged in with Pegasus Fintech," said MTRAC CEO, James Hancock.
"MoneyTrac's entry into the digital currency market will be a very big step forward in our objective of becoming the most
recognized brand for financial technology solutions in the cannabis industry, and we are eager to continue laying the groundwork
for the launch of what we believe will be a very successful ICO," Mr. Hancock commented further.
Digatrade Financial Corp. (OTCQB: DIGAF) is a digital-asset bitcoin exchange, blockchain development and fintech
advisory services company. Recently the company provided an update to shareholders regarding the previously announced integration
of the Ethereum Coin "ETH" onto the Digatrade platform which is expected to be competed in November
2017. This will afford Digatrade customers and shareholders first access to register for the Digafund21 (D21) token
release on the already established, safe and secure Digatrade platform. The ICO platform is currently under development and is
expected to be live and offering the presale discounted token in Q1-2018. Further project disclosure announcements will include
the crypto-analytics team, development team, regulatory compliance partnerships, white paper, token structure, use of proceeds
and user guide registration for token activation among other items and requirements.
Global Arena Holding, Inc. (OTC: GAHC) announced earlier this summer that after months of development and testing, the
Company's subsidiary, Global Election Services, Inc. ("GES"), is proud to announce the implementation of new proprietary software
and hardware to utilize in ballot scanning during the tabulation process. The software is advanced OMR/OCR/Barcode software
featuring de-skewing, de-speckling and image correction. The computer hardware and software developed by GES over the past few
months was designed to run without Internet or Wi-Fi access. This advancement gives GES the ability to tabulate elections faster
and more efficiently, and brings the opportunity for GES to compete for larger elections. GES recently deployed this system in an
actual election and it operated flawlessly. "Our development team, led by HCAS Technologies and Imaging 101 has been very easy to
work with as we tailor the hardware and software to suit the needs of our current and future clients, maintaining the standard of
quality I have provided over the last 35 years," said Maralin Falik, CEO of Global Election
Services.
BTCS Inc. (OTCQB: BTCS) a blockchain technology focused company. Announced in October that it has closed on the
remaining balance of its previously announced financing, which was co-led by Blockchain Global Ltd. ("BGL"). The Company received
a total of $1.1 million from the sale of its Series C -1 Convertible Preferred Stock (the "C-1")
and Warrants. On October 10, 2017, the Company closed on the initial $100,000 of a $1 million minimum financing which included $250,000 in bitcoin paid directly to BTCS and $750,000 in cash. "We've now
secured the necessary funds to settle all of our debt, excluding derivative liabilities, a key step in moving forward with our
planned merger with BGL," stated Charles Allen, CEO of BTCS. "With the filing of Form 10-Q and
other key BTCS merger conditions now met from the C-1 financing, we're well-positioned to execute on what we believe will be a
transformational milestone for our companies."
Bitcoin Services, Inc. (OTC: BTSC) offers services related to cryptocurrency and bitcoin, such as Bitcoin Mining
and Blockchain Software Development. "Bitcoin mining serves to both add transactions to the block chain and to release new
Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult
puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards,"
according to the company's website.
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