NEW YORK, November 20, 2017 /PRNewswire/ --
Bitcoin price surpassed $8,000 for the first time on Sunday. According to data from
industry website Coindesk, the price of bitcoin hit an all-time high of about $8,100
during Sunday's its trading session. Bitcoin now has a market capitalization of 134 billion and is the world's largest
cryptocurrency by market cap. Increasing institutional interest in cryptocurrency continues to boost the price of bitcoin. In
October, the world's biggest exchange, CME Group Inc, announced the launch of bitcoin futures contracts. Last week, Square said
it was testing the feature that allow a small number of customers to purchase and sell bitcoins through its Cash payments app.
Global Blockchain Technologies Corp. (OTC: BLKCF), MGT Capital Investments, Inc. (OTC: MGTI), Bitcoin Investment Trust (OTC:
GBTC), Riot Blockchain Inc (NASDAQ: RIOT), HIVE Blockchain Technologies Ltd. (OTC: PRELF)
According to Coindesk, Institutional clearing platform on Saturday initiated its first long-term bitcoin futures
option, which is set to expire on December 28, 2018. The future option allow buyer to purchase bitcoin at a price of
$10,000 at that date. LedgerX CEO Paul Chou said in an exclusive
interview with CoinDesk: "There will be, I expect, a lot more trades down the line. This is the first one, but it at least gives
you the first guess from different institutional traders as to what bitcoin's dynamics will look like from now until 2018."
Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the TSX Venture Exchange under the ticker symbol
'BLOC'. On November 16th the company announced breaking news that, "cryptocurrency miner Coinstream
Mining Corp. ("Coinstream") has entered into an agreement with Distributed Mining Inc. ("DMI" or Distributed Mining) for an
investment of common shares. The agreement will see Coinstream purchase 1,000,000 common shares, for $1,500,000, representing a post-money interest of 25% of DMI. Subject to closing of the transaction press
released on November 11, 2017, GBT will acquire 49.9 per-cent interest in Coinstream.
This investment in DMI will entitle Coinstream to a board seat. The agreement also includes a participation provision to
maintain its 25% interest, or greater in the future. DMI is a blockchain software company creating software that enables all
devices the ability to participate in mining cryptocurrency. The software will be available to be downloaded through Distributed
Mining, or via their partner sites. Connected devices will then be able to activate mining operations via their devices,
(including but not limited to Mobile Phones, Gaming Consoles etc.)
Distributed Mining would allow anyone with a connected device to download and install a software packet giving them access to
optimized cryptocurrency mining. The distributed mining platform will be able to optimize for variable mining requirements
and its design is particularly well suited for gaming consoles, of which there are over 100 million currently connected units.
Gaming consoles contain stronger processing power than found in typical laptop/desktop computers, making them the perfect
environment to deploy the distributed mining platform as individuals are able to put their resting consoles to work, earning them
valuable cryptocurrency tokens."
Shidan Gouran, President of GBT noted "Distributed Mining represents a promising possibility of
a new level of accessibility to the cryptocurrency world. With over $10 billion dollars worth
of digital tokens changing hands daily, the crypto mining world has been firmly in the domain of only those with powerful
computing rigs designated specifically for cryptocurrency mining.
Distributed Mining is an exciting opportunity because it opens up the mining world to the algebraically demonstrable power of
numbers by enabling any individual with a connected device to participate in cryptocurrency mining, in partnership with DMI,
leveraging immense non-specific use existing computing power and eliminating the tie to the requirement for huge and expensive
sources of power required by traditional miners. We believe that this has the potential to significantly alter the mining
landscape."
MGT Capital Investments, Inc. (OTCQB: MGTI) earlier this month filed its Form 10-Q quarterly report with the
Securities and Exchange Commission for the period ended September 30, 2017. Revenues from Bitcoin mining were $515,000,
up 33% sequentially over the second quarter of this year. "As with any periodic filing, quarter-end numbers are already stale,"
stated Robert Ladd, President and CEO of MGT. "Stockholders need to know where we stand today, and I am very happy to share
that information. October revenues came in at approximately $400,000 with 865 mining rigs in operation. While power
availability (in large part caused by unprecedented demand from the emergent Ethereum market) has delayed our deployment, we have
sourced sufficient power to accommodate the 170 rigs not yet deployed, as well as the 3,650 rigs to be delivered over the next
several weeks," continued Mr. Ladd.
Bitcoin Investment Trust (OTCQX: GBTC) recently announced the launch of its third investment vehicle, the Zcash
Investment Trust (the "Trust"). A trusted authority on digital currency investing, Grayscale Investments, LLC has assets under
management of $1.3 billion. The Trust's shares are the first securities solely invested in Zcash ("ZEC"), the digital asset
that powers the Zcash Network. The investment objective of the Trust is for the shares to reflect the value of the ZEC held by
the Trust, determined by reference to the TradeBlock ZEC Composite Reference Rate at 4:00 p.m. New York time, less
the Trust's expenses and other liabilities. The Trust is a passive investment vehicle that is not actively managed. The Sponsor
believes that, for many investors, the shares will represent a cost-effective and convenient investment relative to a direct
investment in ZEC.
Riot Blockchain Inc (NASDAQ: RIOT) reported a strategic investment in Verady, LLC ("Verady"). Verady combines
blockchain technology and industry thought leadership to bring accounting standards and audit services to the cryptocurrency
market. Verady provides accounting, audit, and verification for blockchain based assets such as cryptocurrencies. The Company's
investment in Verady will be used to further advance its technology and increase the size of its team. "This investment continues
our commitment to building blockchain technologies," said John O'Rourke, Chairman and Chief
Executive Officer of Riot Blockchain. "With recent highs in Bitcoin and other cryptocurrency valuations, there is significant
market potential for blockchain and digital asset technologies. We will continue to increase our involvement and support of the
blockchain ecosystem, as we ramp up our Bitcoin mining operations."
HIVE Blockchain Technologies Ltd. (OTC: PRELF) announce that it has closed its previously announced bought deal private
placement, including the exercise in full of the Underwriters option. A total of 12,322,250 units were sold at a price of
C$2.80 per Unit for aggregate gross proceeds of $34,502,300. The
Offering was underwritten by a syndicate of underwriters led by GMP Securities L.P. and included Haywood Securities Inc., Eventus
Capital Corp., and PI Financial Corp. Each Unit consists of one common share and one Share purchase warrant, with each Warrant
entitling the holder to purchase one Share at a price of $3.90 until November 14, 2019. The Shares and the Warrants issued under the Offering are subject to a hold period expiring
March 15, 2018.
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. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in
this editorial. 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 a non-affiliate third party for global blockchain
technologies corp. 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 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 .
For further information:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com