NEW YORK, May 10, 2018 /PRNewswire/ --
According to a new report published by Grand View Research, the global blockchain technology market size was valued at
USD 604.5 million in 2016 and is expected to reach USD 7.59 billion
by 2024, which would have a compound annual growth rate of 37.2 percent during the forecast period. The report indicates that
increasing demand for blockchain technology in financial services, consumer or industrial products, technology, media and
telecom, healthcare, transportation, and public sectors drive the growth in the market. Benefits of blockchain technology include
facilitating faster transaction settlement, minimizing error rates and improving efficiency. Chineseinvestors.com,
Inc. (OTC: CIIX), HIVE Blockchain Technologies Ltd. (OTC: HVBTF), Net Element Inc (NASDAQ: NETE), Seven Stars Cloud Group,
Inc. (NASDAQ: SSC), Integrated Ventures, Inc. (OTC: INTV)
Interest of blockchain technology using in auto industry is also increasing rapidly. Last week, MOBI, the Mobility Open
Blockchain Initiative, announced its formation to explore blockchain for use in a new digital mobility ecosystem. MOBI's partners
included BMW, Ford, Renault, General Motors and other 26 companies. Chris Ballinger, Chairman and
CEO of MOBI, said: "Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how
consumers purchase, insure and use vehicles. By bringing together automakers, suppliers, startups, and government agencies, we
can accelerate adoption for the benefit of businesses, consumers and communities."
Chineseinvestors.com, Inc. (OTCQB: CIIX) earlier this week the company announced that it, "has entered into a
letter of intent ("Letter of Intent") to acquire the assets of XBTeller.com, a leading Colorado Cryptocurrency ATM and over the
counter ("OTC") operation. The Letter of Intent contemplates: (1) a total investment by the Company of approximately $2,500,000, with $400,000 to be paid in cash and the remainder to be paid in the
Company's restricted stock; (2) an additional investment in the operations of approximately $1,000,000, over the next twelve to eighteen months, that will provide for the expansion of the existing ATM
network locations in Colorado and in other states as identified by the Company that will
complement the Company's existing cryptocurrency and blockchain business; and (3) XBTeller.com founders Noah Berger and Alex Syal will join the ChineseInvestors.com, Inc. management
team to lead the ATM/OTC operations. XBTeller.com currently has 9 ATM locations throughout Colorado and is currently reporting approximately $500,000 in unaudited
monthly revenues, which includes over the counter transactions.
Chineseinvestors.com, Inc. CFO, Paul Dickman explained "The acquisition of XBTeller.com
provides ChineseInvestors.com, Inc. the opportunity to expand its current cryptocurrency and blockchain business to include a
retail facing service."
In 2017, the Company launched Bitcoin Millionaire, a daily cryptocurrency video newscast broadcast from the floor of the NYSE
covering all aspects of the emerging digital currency world. Shortly thereafter, it expanded the coverage of its core internet
education services with the launch of http://www.newcoins168.com, a free
cryptocurrency and blockchain portal providing up-to-date news and investment education in the Chinese language covering
cryptocurrency basics, trading guidelines, real-time market commentary and analysis covering cryptocurrency, blockchain
technology and mining sector related stocks, trends and ETFs, and strategies and opportunities to capitalize on the
cryptocurrency market. The Company is also exploring investments into cryptocurrency mining with its recent purchase of ASIC
(Application Specific Integrated Circuit) machines used to mine SHA-256 or Scrypt mining algorithms to earn cryptocurrencies such
as Bitcoin and Litecoin.
According to Dickman, "The combined synergy of the media and internet education services, the mining, and the ATM/OTC
operations is expected to generate $10m-15m in revenue in the first
twelve months following complete integration. The parties have until June 30, 2018 to enter into a
definitive asset purchase agreement. In the furtherance of this objective, the Company has committed to provide a refundable
earnest money deposit of $10,000 pending completion of the agreement."
HIVE Blockchain Technologies Ltd. (OTC: HVBTF) earlier this month announced the further expansion of its GPU-based
digital currency mining complex with the completion of the third phase ("Sweden Phase 3"), which commenced mining at the end of
April 2018. This is the second expansion brought online in the past month and the precise execution
of the Company's mining roadmap has resulted in on-time completion of the facility. Sweden Phase 3 increases HIVE's energy
consumption dedicated to cryptocurrency mining by 6.8 megawatts ("MW") to 24.2 MW, an increase of 39%. "HIVE is well positioned
as an industrial-scale digital currency mining operator in stable jurisdictions with low-cost power and operating profiles. We
continue to exhibit healthy gross mining margins and have a growing inventory of cryptocurrency. We are committed to achieving
profitable growth and evaluating opportunities for the deployment of capital to further enhance shareholder value." said
Harry Pokrandt, CEO and Director of HIVE.
Net Element Inc (NASDAQ: NETE) announced recently that its PayOnline subsidiary is partnering with Bank Sputnik to
offer a comprehensive multi-channel payment facilitator solution for SMB merchants in the Russian
Federation. This unique solution offers a set of tools not available from any other transaction processing company in the
region and expands PayOnline's offerings beyond electronic commerce. PayOnline merchants have instant access to a suite of
value-added merchant solutions which include credit card auto account updater, multi-currency pricing, tokenization, advanced
fraud detection tools and smart transaction routing.
Seven Stars Cloud Group, Inc. (NASDAQ: SSC) is aiming to become a next generation Artificial-Intelligent (AI) &
Blockchain-Powered, Fintech company. On April 17, 2018, the company announced a digital asset
distribution agreement with GT Dollar Pte. Ltd. (GTD), a Singaporean-based global virtual credit clearing system operator
connecting over 2 million businesses worldwide. GTD will be will launching a digital asset exchange and trading platform on its
GT Dollar App that will exclusively facilitate the listing, quotation, trading and settlement of digital index products offered
by SSC. The distribution agreement will offer the Company a built-in audience to market its digital financial products to by
leveraging GTD's vast financial products sales network in Southeast Asia.
Integrated Ventures, Inc. (OTCQB: INTV) is focused on acquiring, launching and operating companies in the
cryptocurrency sector ("BitcoLab"), mainly in digital currency mining, equipment manufacturing, sales of branded mining rigs
("Nemesis") and blockchain software development ("LoanFunder"). Recently, the company announced that it has entered into an Asset
Purchase Agreement ("APA") with digiMINE, LLC, to acquire certain cryptocurrency assets, consisting of (1) 150 assorted ASIC
miners and related mining equipment and (2) $175,000 in cash, to be used for the purchase of 145
assorted Antminers by Bitmain Technologies. The remaining capital will be deployed for the build out for the 5,900 sq ft
warehouse facility, located in Marlboro, NJ.
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