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Total Market Capitalization of all Cryptocurrencies is now Above $600 Billion
[December 21, 2017]

Total Market Capitalization of all Cryptocurrencies is now Above $600 Billion


NEW YORK, December 21, 2017 /PRNewswire/ --

According to data from Coinmarketcap, total market capitalization of all cryptocurrencies reached $616 billion on Wednesday as investors show interests in smaller cryptocurrencies such as Bitcoin Cash, Ethereum, Ripple and Litecoin. The price of bitcoin cash surged over 42 percent to $3,878.75 during Wednesday's trading session after Coinbase Inc., one of the most popular cryptocurrency exchanges in the United States, announced that customers can buy, send, and receive Bitcoin Cash on their platform. Bitcoin cash is now the world's third-largest cryptocurrency by market cap, with a market value of about $65 billion. Global Blockchain Technologies Corp. (OTC: BLKCF), Net Element International Inc (NASDAQ: NETE), Cboe Global Markets Inc (NASDAQ: CBOE), Riot Blockchain, Inc. (NASDAQ: RIOT), CME Group Inc. (NASDAQ: CME).

Bitcoin is still the largest cryptocurrency in the world. Bitcoin was up over 1500 percent this year and accounts for about 45.2 percent of the total cryptocurrency market. According to Chicago Tribune, Joe Van Hecke, managing partner at Chicago-based Grace Hall Trading, said in a telephone interview, "People were really excited about the futures coming in and bitcoin really rallied leading up to that Bitcoin's been on a massive rally and the other coins are just now catching up as it takes a breather. Additionally, some positive press around some of them added to the rally."

Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the TSX Venture Exchange under the ticker symbol 'BLOC'. The company just announced breaking news that further to its news release dated November 7, 2017, the Company has closed its offering of 16,849,170 units (the "Units") on a "bought deal" private placement basis, at a price per Unit of $2.55, for gross proceeds of $42,965,383.50 (the "Offering").

Each Unit consists of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $3.50 for a period of 24 months from December 20, 2017.

The net proceeds of offering will be used to fund further investments by the Company pursuant to its investment mandate, including the Company's acquisition of Coinstream Mining Corp.

The Offering was led by Canaccord Geunuity Corp. with a syndicate of underwriters including Clarus Securities Inc., Eight Capital and Haywood Securities Inc. In consideration for their services, the underwriters received a cash commission of $3,007,576.85, being 7% of the gross proceeds from the Offering and 1,149,170 non-transferable compensation options, being 7% of the number of Units issued pursuant to the Offering. The Compensation Options are exercisable for one year from the closing date of the Offering for issuance of an additional 1,149,170 Units to the underwriters on the same terms as the Units sold in the Offering. All Common Shares and Warrants issuable pursuant to the Offering will be subject to a statutory hold period lasting four months and one day following from December 20, 2017.  

Shidan Gouran, President of Global Blockchain noted, "We are very pleased to have brought in some strong and supportive new shareholders via this offering. We look forward to executing on our investment mandate and accretively building value for our investors in 2018 and beyond, as BLOC's team of experts navigates our exciting and dynamic area of focus."

Net Element International Inc (NASDAQ: NETE) announced yesterday the launch of a blockchain-focused business unit. The new business unit is expected to become a decentralized crypto-based ecosystem that will act as a framework for an unlimited number of value-added services ("VAS") that can connect merchants and consumers directly utilizing blockchain technology while increasing the economic efficiency of all transactions being made within the ecosystem. Net Element has partnered with Bunker Capital to develop and deploy blockchain technology-based solutions. "We believe that we're at the dawn of a new evolution where additional digital payment methods are being introduced," commented Oleg Firer, CEO of Nt Element. "Introduction of our division focused on blockchain as part of the NASDAQ-listed entity will add transparency and compliance assurance to our investors as well as provide access to deploy value-added services to over 20 million electronic commerce clients that are currently part of Net Element's growing network."



Cboe Global Markets Inc. (NASDAQ: CBOE) announced the launch of the Cboe Gemini Bitcoin Futures Index (ticker symbol: XBTX), a new strategy performance benchmark index designed to replicate a constant one-month position in Cboe XBTSM Bitcoin Futures (ticker symbol: XBT). XBT futures began trading on Cboe Futures Exchange (CFE) on Sunday, December 10. More than 5,000 XBT futures contracts (single counted) have been traded since launch. A strategy benchmark is intended to provide an objective, rules-based approach to describing a particular investment outcome. Strategy benchmarks can serve as an informational tool or as the underlying interest for investment products.

Riot Blockchain, Inc. (NASDAQ: RIOT) is leveraging its expertise and a network of professional advisors to build and support blockchain technologies. On December 19th, the company announced that it has entered into subscription agreements with accredited investors for the purchase of 1,644,444 restricted units of the Company at a purchase price of $22.50 per unit (the "Investment"). Each unit consists of one share of restricted common stock and one warrant to purchase one share of restricted common stock at an exercise price of $40.00 per share for a period of three years. The closing of the Investment is subject to customary closing conditions, including approval of the listing of the securities on The NASDAQ Stock Market LLC. The $37 million in gross proceeds from the Investment will be used for the expansion of the Company's Bitcoin mining operations, strategic investments, and general working capital.  


CME Group Inc. (NASDAQ: CME) is the world's leading and most diverse derivatives marketplace, handling 3 billion contracts worth approximately $1 quadrillion annually. On December 1st, 2017, the company announced that it has self-certified the initial listing of its Bitcoin futures contract that launched Monday, December 18th, 2017. The new contract is listed on and subject to the rules of CME. It is available for trading on the CME Globex electronic trading platform, and for submission for clearing via CME ClearPort, that began on Sunday, December 17th, 2017. CME Group's Bitcoin futures is cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. 

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