NEW YORK, October 11, 2017 /PRNewswire/ --
Bitcoin continued its rally on Tuesday after it hit one-month highs on the previous day. The price of Bitcoin traded 1.9 percent higher at $4,863.44 during Tuesday's morning trading session, according to CoinDesk. Bitcoin reached its all-time high at $5,013.91 on September 2nd, but fell after China banned initial coin offerings. The cryptocurrency has recovered as other Asian countries show positive developments in the digital currency market. The recent gains bring bitcoin's market capitalization to $81 billion, accounting for nearly 52 percent of total market cap of all cryptocurrencies. Chineseinvestors.com, Inc. (OTC: CIIX), Bitcoin Investment Trust (OTC: GBTC), Riot Blockchain Inc (NASDAQ: BIOP), BTCS Inc. (OTC: BTCS), Global Arena Holding, Inc. (OTC: GAHC)
Dubai also showed interest in the booming cryptocurrency market. According to a report from CoinDesk, Dubai Land Department adopted Blockchain technology for its real estate transactions. Earlier this month, Dubai also revealed its own blockchain-based cryptocurrency, called emCash. The digital currency can be used to pay for government and non-government services. Sultan Butti bin Mejren, the land department's director general, said in a statement: "Our aim is to unite all real estate and department services on a single platform. We hope to complete our project in the year 2019-2020."
Chineseinvestors.com, Inc. (OTCQB: CIIX) just earlier today announced breaking news that, "the Company has launched the first cryptocurrency daily video newscast in the Chinese language, entitled Bitcoin Multimillionaire, broadcast from the NYSE. The video newscast covers timely information and analysis regarding all aspects of the emerging digital currency world, including specific cryptocurrencies, such as Bitcoin and Ethereum, industry trends, price movement, blockchain technology, and sector-related stocks and ETFs listed on major exchanges and the OTC market."
"Many Chinese investors are seeking information and education related to the cryptocurrency sector," says Warren Wang, Founder and CEO of CIIX. "Moreover, in response to the growing popularity of cryptocurrencies and ICOs, governments around the world, including but not limited to, the United States, China, Japan, South Korea and Switzerland are weighing in and/or enacting regulatory policies regarding cryptocurrencies and ICOs. In the United States, Goldman Sachs Group Inc. recently announced that it is considering a new trading operation dedicated to bitcoin and other digital currencies."
In addition, CIIX also has plans to launch a new cryptocurrency website under the domain name newcoin168.com to serve Chinese cryptocurrency investors. The site, expected to launch next month, will endeavor to be a leader in digital media and cryptocurrency and blockchain technology education providing straightforward explanations of cryptocurrency basics, trading guidelines, real-time market commentary and analysis regarding currency mining, blockchain technology, industry hotspots, sector-related stock trends and ETFs, and other strategies and opportunities to capitalize on the bitcoin market.
"After the recent launch of our Bitcoin Multimillionaire daily video newscast, the Company has decided to further expand its presence in the digital currency sector," says Wang. "Similar to U.S. stocks, as the price of digital currency, such as Bitcoin, continues to increase, Chinese people all over the world are taking notice and seeking access to timely information regarding market trends, news, and analysis. We look forward to being the premier source for this information."
Bitcoin Investment Trust (OTCQX: GBTC) announced earlier this September that it continues to work with the Trust's professional advisors and third-party service providers to understand the implications for the Trust of the fork in the Bitcoin blockchain that resulted in the creation of Bitcoin Cash. To maximize shareholder value, the Sponsor has begun a process with the Trust's professional advisers to evaluate, among other options, the feasibility of forming an entity to hold the Bitcoin Cash and distributing interests in that entity to the Trust's shareholders.
Riot Blockchain Inc (NASDAQ: BIOP) is establishing an Advisory Board with technical experience intending to become a leading authority and supporter of blockchain and provides investment exposure to the rapidly growing blockchain ecosystem. Recently the company announced that it has made a strategic investment in Coinsquare Ltd., one of Canada's leading exchanges for trading digital currencies. "At Riot Blockchain, our team has the insight and network to effectively grow and develop blockchain assets," said Michael Beeghley, Chief Executive Officer of Riot Blockchain. "With new applications being developed for blockchain every day, this is a rapidly growing and evolving market. We are excited to have partnered with and led an investment in Coinsquare, a company we believe is well positioned to capitalize on the opportunity in this sector."
BTCS Inc. (OTC: BTCS) is a blockchain technology focused company. Earlier in August, the company reported that it signed a non-binding Letter of Intent ("LOI") to merge with Blockchain Global Limited ("BCG"), an Australian blockchain company. "The blockchain space continues to suffer from a talent void," commented Charles Allen, CEO of BTCS. The LOI is subject to a number of conditions including the approval of BCG's shareholders and board, and the approval of BTCS's board, and the settlement of all of BTCS' debt prior to closing. "Together with BCG, and their track record of success, we're positioning ourselves to fill this talent void, ultimately capitalizing on the immense opportunity in blockchain technologies and leveraging our early-mover advantage."
Global Arena Holding, Inc. (OTC: GAHC) focuses on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology. The company recently announced that after months of development and testing, the Company's subsidiary, Global Election Services, Inc., announced the implementation of new proprietary software and hardware to utilize in ballot scanning during the tabulation process. John Matthews, CEO of Global Arena Holding, Inc. said and quoted: "Our priority is to provide our clients with the absolute best election services possible. These new proprietary tools, coupled with decades of reputable election management experience, makes that slogan a reality. Therefore, we will continue to aggressively pursue technological advancements that will give GES the competitive advantage."
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