TMCnet News

Global Developments in the Cryptocurrency Market
[December 05, 2017]

Global Developments in the Cryptocurrency Market


NEW YORK, December 5, 2017 /PRNewswire/ --

The cryptocurrency market is experiencing rapid growth this year. The increasing applications in cryptocurrency have attracted more investors and institutions to the market. According to Reuters, Venezuelan President Nocolas Maduro said in his regular Sunday televised broadcast that the country plans to create a cryptocurrency called the 'petro'. The new cryptocurrency will be backed by oil, gold and diamond reserves and will be used to help Venezuela overcome the financial blockade. Increased interest from investors helped boost the price of bitcoin, which is now trading at above $11,000, according to data from CoinDesk. Chineseinvestors.com, Inc. (OTC: CIIX), Cboe Global Markets Inc (NASDAQ: CBOE), Digatrade Financial Corp. (OTC: DIGAF), HIVE Blockchain Technologies Ltd. (OTC: PRELF), Bitcoin Investment Trust (OTC: GBTC).

According to Coinmarketcap, bitcoin accounted for more than half of the total cryptocurrency market value. It now has a market cap of $193 billion. The trading volume continued to increase in the past few months. Japan accounted for most of the trading after China announced a ban on Initial Coin Offerings and shut down cryptocurrency exchanges in China earlier this year. According to CryptoCompare, bitcoin trading in Japanese yen accounted for about 58 percent of trading volume, while U.S. dollar-bitcoin trading accounted for about 23 percent.

Chineseinvestors.com, Inc. (OTCQB: CIIX) just earlier today the company announced breaking news that it has entered into an agreement with Blockchain BTM, LLC to host a Bitcoin ATM at its San Gabriel, California office with plans to expand to serve other Chinese Communities throughout the United States. The Bitcoin ATM, located in the lobby of the Company's offices in the highly trafficked San Gabriel Hilton Plaza, is open from 9 a.m. to 6 p.m., Monday through Friday, making it convenient and easy to purchase Bitcoin. Purchasers will have access to on site customer service representatives available to provide instruction regarding the Bitcoin ATM in both Chinese and English. The machine however offers translation into five languages including traditional and simplified Chinese, English, Spanish, French and Korean.

Cryptocurrency enthusiasts can purchase up to $7,000 worth of Bitcoin daily from the ATM. If the purchaser does not already have a digital wallet to hold the cryptocurrency, the ATM is able to digitally print a wallet. Alternatively, there are many digital wallet smartphone apps available for download for Android and iPhone. For those that wish to make a more significant investment, over $7,000, the Company can provide information on how to facilitate much larger transactions.

In recent weeks the Company unveiled its new cryptocurrency education and information services, including the first Chinese Daily Video Newscast, Bitcoin Multimillionaire, broadcast from the NYSE covering Cryptocurrency and Blockchain Technology. In November the Company launched a free bitcoin news and education website in the Chinese language under the domain name newcoins168.com to serve Chinese cryptocurrency investors globally. In addition, the Company will launch new cryptocurrency subscription products in January 2018.

"Although there has been some volatility in the cryptocurrency market, Bitcoin's price resilience is impressive, reaching over $11,000.00 in the last week, with a Friday close of $10,814. With each rebound in price relative to news, we see more evidence that the concept of digital currency is taking root with investors and the general public alike," says Warren Wang, Founder and CEO of CIIX. "In addition to providing skilled investors with news about digital currency, ChineseInvestors.com, Inc. hopes to satisfy the average person's curiosity about cryptocurrency, including how to purchase Bitcoin. Moreover, the underlying Blockchain Technology is extremely compelling and we expect to see many interesting developments in this area. Bitcoin ATMs are just one example of how this area is moving forward. We are excited to make this service available to the Chinese community."

Cboe Global Markets Inc (NASDAQ: CBOE) announced yesterday that it plans to offer trading in bitcoin futures beginning at 5:00 p.m. CT on Sunday, December 10, 2017, at the start ofGlobal Trading Hours. Monday, December 11, will be the first full day of trading, and trading will be free1 through December. Cboe's bitcoin futures will trade on CFE under the ticker symbol 'XBT'. XBTSM futures are cash-settled contracts based on Gemini's auction price for bitcoin, denominated in U.S. dollars. Gemini Trust Company, LLC (Gemini) is a digital asset exchange and custodian that allows customers to buy, sell, and store digital assets such as bitcoin. XBT futures are specifically designed to allow participants to implement straightforward trading strategies, through settlement to a single, tradeable auction price.



Digatrade Financial Corp. (OTCQB: DIGAF) announced recently the listing addition of Ethereum 'ETH' paired to BTC on the trading platform. As previously announced, 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. Further ICO information will be provided as it materializes. The Company is currently evaluating security protocol to increase crypto-currency pairings that may include DASH, EOS, BITCOIN CASH, TETHER, MONERO, MERCURY, ZCASH, NEO among others.

HIVE Blockchain Technologies Ltd. (OTC: PRELF) reported last month that it has closed its previously announced bought deal private placement, including the exercise in full of the Underwriters' (as hereinafter defined) 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"). 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 (a "Share") and one Share purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase one Share at a price of $3.90until November 14, 2019. The Shares and the Warrants issued under the Offering are subject to a hold period expiring March 15, 2018. In connection with the Offering, the Underwriters received a cash commission equal to 6% of the gross proceeds raised in the Offering, excluding any proceeds raised from Genesis Mining Ltd.


Bitcoin Investment Trust (OTCQX: GBTC) announced recently that it has declared a distribution and established a record date for the distribution of a portion of the rights to Bitcoin Gold tokens currently held by the Trust as a result of the fork in the Bitcoin blockchain on October 24, 2017 to shareholders of record as of the close of business on December 4, 2017. On the Record Date, pursuant to the terms of the Trust Agreement governing the Trust, the Trust will appoint Grayscale Investments, LLC as agent (the "Agent") on behalf of the Record Date Shareholders and transfer the rights to Bitcoin Gold tokens held by the Trust to the Agent on behalf of the Record Date Shareholders.

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 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 as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. We also do not include any personal opinions, recommendations or commentary. For this release, FinancialBuzz.com expects to be compensated three thousand dollars for financial news dissemination and PR services by chineseinvestors.com Inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this 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 has signed a two year agreement with Chineseinvestors.com Inc. for one hundred thousand restricted common shares for continued financial news dissemination and PR services. 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 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 the Site, company profiles, and 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 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:
Media Contact:
[email protected]
+1-877-601-1879

URL: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com


[ Back To TMCnet.com's Homepage ]