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Cryptocurrency Market Capitalization Rebounds
[February 27, 2018]

Cryptocurrency Market Capitalization Rebounds


NEW YORK, February 27, 2018 /PRNewswire/ --

The cryptocurrency market had witnessed significant growth in 2017. According to CoinMarketCap, Bitcoin, the world's largest cryptocurrency by market capitalizations, was up about 1,300 percent last year, while Ethereum posted a gain of over 8,000 percent. Ripple now ranked as the third largest cryptocurrency by market cap and it surged over 32,000 percent last year. More financial institutions started to offer derivatives. The leading U.S. futures exchange CME and Cboe both announced to launch bitcoin futures contract at the end of last year. Global Payout, Inc. (OTC: GOHE), Global Arena Holding Inc. (OTC: GAHC), SinglePoint, Inc. (OTC: SING), AppSwarm Inc. (OTC: SWRM), BTCS Inc. (OTC: BTCS)

The ICO, or Initial Coin Offering, market also saw a boom in 2017. ICOs is a way to raise money for a new cryptocurrency project. According to Business Insider, Venture capital fund Fabric Ventures and cryptocurrency data provider TokenData showed some ICO data in their "State of the Token Market" report: "More than $5.6 billion of capital was raised in 2017 according to the metrics used by the TokenData team. This compares to $1 billion of 'traditional' venture investing in blockchain startups in the same time frame and a 'mere' $240 million raised by token sales in 2016."

Global Payout, Inc. (OTC: GOHE) today announced breaking news that, "Crypto Cowboy, LLC, of which MoneyTrac Technology, Inc. ("MTRAC", the "Company"), has a 5% stake, has entered into an agreement with Sun Pacific Power Holding Corp. (OTCQB: SNPW) whereby the companies will work in a collaborative effort to build, develop, and manage a private exchange for coin based tokens, along with launching an initial coin offering ("ICO") backed by Sun Pacific's emerging growth opportunities in the energy marketplace.

This agreement bridges the gap between two industries that promise to be mainstays of future economic activity and also sets into motion the development of a foundation that will support the launch of Crypto Cowboys' first private ICO backed by Sun Pacific's "Sun Green Coin".

Said MTRAC CEO, Vanessa Luna: "This agreement between Crypto Cowboy and Sun Pacific is an incredible example of the impact and influence blockchain technology is just beginning to demonstrate across a wide variety of market sectors, and with our partnership with Crypto Cowboys, we are proud to be right in the middle of this exciting revolution. This agreement presents a very unique opportunity for MoneyTrac to play a pivotal role in the development and eventual launch of a private ICO and exchange that will feature the introduction of the "Sun Green Coin".

Said Crypto Cowboy President, Mark Denzin: "This engagement will enable CrytoCowboy to show the flexibility of the exchange services they can offer, and signals to the public that we are looking to engage industries of the future. Sun Pacific Power Holding Corp, is a partner that has a new and developing presence in the energy space that put us in a unique position to capitalize on a entry point in this exciting and developing marketplace."  

Global Arena Holding Inc. (OTC: GAHC) is a holding and technology development company. On January 29, 2018, the company announced that it has officially engaged HCAS Technology Inc. (HCAS) to provide software development services and infrastructure technology to its operating subsidiary, Global Election Services (GES). GAHC and HCAS have successfully worked together in the past year developing new election technology for Global Election Services. This innovation includes advanced registration software that determines voter eligibility as well as the implementation of GES' proprietary software and hardware system for ballot scanning during the tabulation process. In the advancement of election technology, GAHC will continue developing software systems with an emphasis on protecting voter registration data and tabulation using Blockchain Technology; technologies GAHC began exploring and investing in since 2015.

SinglePoint, Inc. (OTCQB: SING) has grown from a full-service mobile technology provider to a publicly traded holding company. On January 23, 2018, the company announced a letter f intent ("LOI") to acquire 100% of Bitcoin Beyond, a premier platform that enables retail merchants to accept bitcoin payments using their existing web-enabled point-of-sale device. This acquisition, priced at $1 million all stock, is expected to provide SinglePoint with a full end-to-end purchasing experience that provides merchants and bitcoin users unprecedented capabilities. Bitcoin Beyond was created to address growing demand for fast and reliable electronic payment processing for the cannabis industry. SinglePoint has plans to acquire additional companies in the space and again broaden its footprint in the quickly emerging blockchain space. The company is currently in negotiations to acquire another blockchain centric company in an effort to deploy its technology to major established markets.



AppSwarm Inc. (OTC: SWRM) last week announced in conjunction with AI VentureTech Inc., a project offering a suite of Virtual and Voice Assistants geared specifically for small business to assist in streamlining costs and increasing efficiencies. Virtual Assistants will assist smaller companies not just with scheduling and reminders, but also in customer, shareholder engagement, the facilitation of sales and to increase investor conversions. Our data research indicates companies are ready to rely more on chatbots and artificial intelligence (AI) to connect with users and to improve customer experiences. One of the first areas of focus for this project is providing small public and private companies a virtual shareholder assistant who can assist companies in communicating with shareholders on a day-to-day basis covering such topics as current share structure, contacts for legal counsel or transfer agents, and being added and updated to shareholder news lists and updates.

BTCS Inc. (OTCQB: BTCS) is an early entrant in the Digital Asset market and one of the first U.S. publicly traded companies to be involved with Digital Assets and blockchain technologies. On October 25, 2017, the company announced it has closed on the remaining balance of its previously announced financing, which was co-led by Blockchain Global Ltd. The Company received a total of $1.1 million from the sale of its Series C -1 Convertible Preferred Stock and Warrants. Blockchain Global is a leading multi-national pure-play Blockchain Technology company operating across four business segments, including transaction verification services, an institutional exchange platform, a blockchain start-up accelerator, and a blockchain technology consultancy.


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