NEW YORK, January 30, 2018 /PRNewswire/ --
According to CoinMarketCap, the total market capitalizations of all 1498 cryptocurrencies were about $570 billion on Monday. The prices of major cryptocurrencies were trading higher on Sunday as concerns about
the increasing trading regulations in South Koran and China eased. According to Coindesk,
Bitcoin, the largest digital currency by market capitalization traded at about $11,180 on Monday.
Ethereum, the second largest by market cap, traded near $1,178. The market is growing rapidly as
institutional interest in cryptocurrency continues to increase. CME and Cboe started to provide bitcoin futures trading in
December. Global Blockchain Technologies Corp. (OTC: BLKCF), Pareteum Corp (NYSE: TEUM), On Track Innovations Ltd (NASDAQ: OTIV),
HIVE Blockchain Technologies Ltd. (OTC: HVBTF), Recon Technology, Ltd. (NASDAQ: RCON)
Last week, Weiss Ratings, the nation's leading independent rating agency of financial institutions, issued the first letter
grades on cryptocurrencies. According to a release, the rating agency gives Bitcoin a "fair" C+ rating, while Ethereum received a
better rating of B, due to its readily upgradable technology and better speed. Founder Martin D. Weiss, Ph.D. said: "Despite
extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to
investors. However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings
can provide."
Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the Canadian Stock Exchange under the ticker symbol
'BLOC'. Last week the company announced breaking news that, "it has entered into an agreement with a turnkey mining operator
("Montana Agreement") to operate Global Blockchain's 6,666 Antminer S9 bitcoin miners, with anticipated delivery commencing in
March 2018. (Please refer to the press release dated Dec, 27, 2017.)
"According to industry information this operation should rank very well across competing operations in North-America, once complete," stated Shidan Gouran, President of Global
Blockchain. "We are extremely pleased to have been able to find the right partner to operate and monetize our machines and to
provide us with the ability to grow into an existing first-rate facility at a large scale of 100 MW."
The Company's industry-leading energy and mining partner has already made 64MW available, the balance available in early Q2.
The facilities are located in Anaconda and Butte, Montana,
taking advantage of its cool climate, and include a world-class secure data center facility utilizing best of breed technology.
Discrete hot and cold aisles support cooling infrastructure with forced air intake along with custom racking designed for maximum
density and reducing overall PUE for the facility. Custom software monitors the miners' operating statistics and automatically
detects and diagnoses problems in real-time. The facility has exclusive access to an on-site substation allowing for reliable
power.
BLOC is examining the purchase of additional Antminer S9s to be delivered in the second quarter of 2018. On site technicians
will accommodate the immediate set-up of machines to begin mining upon arrival in late Q1 and early Q2. The Company intends to
occupy the entire 100MW of mining capacity.
The Antminer S9 mining rigs being delivered to BLOC include Bitmain's BM1387 chips that are built using TSMC's 16nm FinFET
technology. Each chip delivers a impressive 0.098 J/GHs, making it the world's most efficient bitcoin mining chip in the consumer
market. Each Antminer S9 employs 189 such chips to deliver higher hashrate and efficiency than any previous bitcoin miner. The
Antminer S9 is able to mine any cryptocurrency using the SHA256 algorithm, including Bitcoin and Bitcoin Cash.
"With all the existing investments such as Kodak, Millenial, Breaking Data, Spectra7 and our intention to create and tokenize
these and other brands together with their substantial active user communities within GBT, Global Blockchain Mining Corp.
represents an independent, highly viable pure play cryptocurrency mining Company with a unique business model differentiated from
the other verticals and focuses within Global Blockchain Technologies Corp.", stated Shidan
Gouran.
The Company intends to pursue a plan of arrangement to liberate the value in its mining division. Through the arrangement the
Company intends to list Global Blockchain Mining Corp, along with all of its mining interests, as a publicly listed Canadian
entity.The spinout will be on a one-for-one basis with every share held of Global Blockchain Technologies Corp., entitling the
holder to one share of Global Blockchain Mining Corp. The Company has set the annual general and special meeting (the "Meeting")
at April 10, 2018. All shareholders as of the record date, March 1,
2018 will be entitled to vote at the Meeting, as well as to the spinout share. The completion of the arrangement and the
listing of Global Blockchain Mining will be subject to regulatory approval of this transaction, the approval of shareholders, the
Supreme Court of British Columbia, and the CSE, which is not guaranteed."
Pareteum Corp (NYSE: TEUM) announced recently that it has completed development of capabilities to host VoIP/PBX
solutions on its Global Cloud Platform (Voice over Internet Protocol, Private Branch Exchange). The new commercial VoIP feature
being offered to all Pareteum's Global Cloud customers is synergistic with the existing cloud services platform. These new
features enable vertically integrated services that expand Pareteum's addressable market into the merged Mobile and VOIP/PBX
services arena; this means your desktop, laptop and mobile device can perfectly mirror your virtual office IP/PBX, anytime and
anywhere.
On Track Innovations Ltd (NASDAQ: OTIV) announced earlier this month that accepts cryptocurrency as a way to purchase
its innovative cashless payment solutions. A cryptocurrency is an alternative asset designed to work as a medium of exchange
and uses cryptography to secure its transactions. "Bitcoin, Bitcoin Cash, Ethereum & Ripple Digital
Currencies, amongst other digital currencies, have become the conventional bearer for cryptocurrencies, and we predict it will
become a market standard in the future of global payment," says Shlomi Cohen CEO OTI Group "We look to the future with
cryptocurrencies and are ready to encourage the purchase of our unique solutions."
HIVE Blockchain Technologies Ltd. (OTC: HVBTF) on January 15 th announced the
completion of the first phase ("Sweden Phase 1") of a multi-phase build-out of a large-scale GPU-based mining complex in
Sweden. HIVE's Sweden Phase 1 operation commenced mining Ethereum on January 15, 2018 and increases the Company's energy consumption dedicated to cryptocurrency mining by over 175%
to 10.6MW. HIVE is fully financed to add an additional 13.6MW of GPU mining capacity in Sweden
by April 2018 and a further 20.0MW of ASIC mining capacity, facilities capable of mining Bitcoin
and Bitcoin Cash, by September 2018. HIVE's expansion into Sweden
diversifies the Company's existing operations located in Iceland, where it has been producing
newly mined digital currency continuously since September 2017.
Recon Technology, Ltd. (NASDAQ: RCON) announced on January 16 th that it has
signed a two-year joint development term sheet with Future Gas Station (Beijing) Technology,
Ltd. ("FGS"), a leading data operation company on January 15, 2017. As previously announced, Recon
owns 8% of FGS. Recon and FGS plan to jointly develop an integrated blockchain-based mobile shopping system for use in gas
stations. FGS will be in charge of developing this system while Recon will mainly provide resources including funds, supporting
personnel and risk and compliance management advice.
Subscribe Now! Watch us report from LIVE 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 global blockchain technologies corp. financial news dissemination and PR
services, FinancialBuzz.com expects to be compensated three thousand dollars by winning media. 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.
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com