NEW YORK, November 10, 2017 /PRNewswire/ --
Bitcoin price jumped on Wednesday after the developers called off the upcoming hard fork. The world's largest cryptocurrency hit a fresh record high of $7,848.31 on Wednesday, according to industry website CoinDesk. The controversial software upgrade called SegWit2x, which would have split bitcoin in two, is expected to take effect in mid-November. A group of SegWit2x leaders said they decided to suspend the upgrade due to concerns of a setback to Bitcoin's growth. The SegWit2x leaders said in an email: "Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin's growth. This was never the goal of Segwit2x." Global Payout, Inc. (OTC: GOHE), Digatrade Financial Corp. (OTC: DIGAF), Global Arena Holding, Inc. (OTC: GAHC), BTCS Inc. (OTC: BTCS), Bitcoin Services, Inc. (OTC: BTSC).
Bitcoin gave up its gains on Thursday and was traded at $7162.89. The digital currency has gained over 600 percent this year, bringing its market value of about 119 billion. According to Business Insider, Goldman Sachs technical analyst Sheba Jafari believed that the bitcoin could get close to $8,000. He said in a note on Monday: "This break indicated potential for an impulsive advance, one that could reach at least 7,941. This is the minimum target for a 3rd of 5-waves up and should therefore be a level from which to watch for signs of a consolidation."
Global Payout, Inc. (OTC: GOHE) announced yesterday that, "Its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company") continues to make significant headway with Pegasus Fintech, Inc. on their joint collaboration in the development of a cryptocurrency token that is being developed for the cannabis industry.
Last month, MTRAC announced the establishment of a strategic partnership with Pegasus Fintech, Inc., an innovative Blockchain and Token Accelerator company that is focused on delivering solutions in the financial services, technology blockchain and emerging cryptocurrency market sectors. In recent weeks, each of the companies' technology teams have devoted much of their time and resources to the development of the cryptocurrency token they intend to introduce to the cannabis industry, an industry that remains underserved from a financial technology perspective.
The anticipated development of the token will allow for a Public Initial Blockchain Offering ("PIBCO") to be launched and should provide MoneyTrac with an effective avenue for raising the funds necessary to bring their digital currency to market. It will also provide investors and venture capitalists with a unique opportunity, through a regulatory compliant program, to capitalize on one of the fastest growing market sectors in the U.S. today."
"We are truly excited about the progress our tech and business development teams have made in recent weeks with the collaborative work they have been engaged in with Pegasus Fintech," said MTRAC CEO, James Hancock. "MoneyTrac's entry into the digital currency market will be a very big step forward in our objective of becoming the most recognized brand for financial technology solutions in the cannabis industry, and we are eager to continue laying the groundwork for the launch of what we believe will be a very successful ICO," Mr. Hancock commented further.
Digatrade Financial Corp. (OTCQB: DIGAF) is a digital-asset bitcoin exchange, blockchain development and fintech advisory services company. Recently the company provided an update to shareholders regarding the previously announced integration of the Ethereum Coin "ETH" onto the Digatrade platform which is expected to be competed in November 2017. 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. The ICO platform is currently under development and is expected to be live and offering the presale discounted token in Q1-2018. Further project disclosure announcements will include the crypto-analytics team, development team, regulatory compliance partnerships, white paper, token structure, use of proceeds and user guide registration for token activation among other items and requirements.
Global Arena Holding, Inc. (OTC: GAHC) announced earlier this summer that after months of development and testing, the Company's subsidiary, Global Election Services, Inc. ("GES"), is proud to announce the implementation of new proprietary software and hardware to utilize in ballot scanning during the tabulation process. The software is advanced OMR/OCR/Barcode software featuring de-skewing, de-speckling and image correction. The computer hardware and software developed by GES over the past few months was designed to run without Internet or Wi-Fi access. This advancement gives GES the ability to tabulate elections faster and more efficiently, and brings the opportunity for GES to compete for larger elections. GES recently deployed this system in an actual election and it operated flawlessly. "Our development team, led by HCAS Technologies and Imaging 101 has been very easy to work with as we tailor the hardware and software to suit the needs of our current and future clients, maintaining the standard of quality I have provided over the last 35 years," said Maralin Falik, CEO of Global Election Services.
BTCS Inc. (OTCQB: BTCS) a blockchain technology focused company. Announced in October that it has closed on the remaining balance of its previously announced financing, which was co-led by Blockchain Global Ltd. ("BGL"). The Company received a total of $1.1 million from the sale of its Series C -1 Convertible Preferred Stock (the "C-1") and Warrants. On October 10, 2017, the Company closed on the initial $100,000 of a $1 million minimum financing which included $250,000 in bitcoin paid directly to BTCS and $750,000 in cash. "We've now secured the necessary funds to settle all of our debt, excluding derivative liabilities, a key step in moving forward with our planned merger with BGL," stated Charles Allen, CEO of BTCS. "With the filing of Form 10-Q and other key BTCS merger conditions now met from the C-1 financing, we're well-positioned to execute on what we believe will be a transformational milestone for our companies."
Bitcoin Services, Inc. (OTC: BTSC) offers services related to cryptocurrency and bitcoin, such as Bitcoin Mining and Blockchain Software Development. "Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards," according to the company's website.
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/
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.