Cryptocurrency Market Continues to Expand

NEW YORK, December 22, 2017 /PRNewswire/ --

According to CoinDesk, data site OnChainFX reports that each of the top 20 cryptocurrencies by market capitalization hit a record high in the past four days. The price of Ripple's XRP token, the fourth largest cryptocurrency by market capitalization, has passed a dollar for the first time on Thursday. According to Coinmarketcap, XRP surged 46 percent to $1.13 during Thursday's trading session. It now has a market capitalization of over 43 billion. Global Blockchain Technologies Corp. (OTC: BLKCF), NXT-ID Inc. (NASDAQ: NXTD), Long Island Iced Tea Corp (NASDAQ: LTEA), Xunlei Limited (NASDAQ: XNET), HIVE Blockchain Technologies Ltd. (OTC: PRELF)

According to CNBC, the New York Stock Exchange has submitted the application with the U.S Securities and Exchange Commission to list two Bitcoin-back exchange-traded funds. They are the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. The cryptocurrency is getting closer to mainstream as CME and Cboe both started bitcoin futures trading in the last two weeks. Barry Silbert, founder and CEO of Digital Currency Group, said on CNBC's "Squawk Box" earlier this month: "I think it is going to enable finally the approval of bitcoin ETFs, and other digital currency ETFs, which is game changing."

Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the TSX Venture Exchange under the ticker symbol 'BLOC'. Late yesterday the company announced breaking news that, "further to its news release dated November 7, 2017, the Company has closed its offering issuing a total 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 the closing of the Offering.

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 Genuity 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 7% of the gross proceeds from the Offering and non-transferable compensation options equal to 7% of the number of Units issued pursuant to the Offering. Each Compensation Option is exercisable for one year from the closing date of the Offering to acquire Units consisting of one Common Share and one Warrant at a price of $2.55 per Unit, with the Warrants being exercisable for a period of one year from the closing date at a price of $3.50 per Common Share.

All Common Shares and Warrants issuable upon the closing of the Offering will be subject to a statutory hold period lasting four months and one day following from the closing date of the Offering. 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."

For an in-depth publication on Global Blockchain Technologies Corp. (OTC: BLKCF), you can visit: http://wallstreetnation.com/featured/cryptocurrency-profits-shocker.html

NXT-ID Inc. (NASDAQ: NXTD) announced yesterday that it has entered into definitive agreements with certain institutional investors to purchase an aggregate of approximately $7,000,000 of shares of common stock in a registered direct offering. The common stock will be priced at $4.00 per share. Upon closing, the Company anticipates that it will issue a total of approximately 1,750,000 registered common shares. The Company intends to use the proceeds for further debt reduction, to fund its Crypto Currency exchange product development and for general corporate purposes.

Long Island Iced Tea Corp (NASDAQ: LTEA) announced that the parent company is shifting its primary corporate focus towards the exploration of and investment in opportunities that leverage the benefits of blockchain technology. In connection with the shift in strategic direction, the Company has approved changing its name from "Long Island Iced Tea Corp." to "Long Blockchain Corp." and has reserved the web domain http://www.longblockchain.com. The Company intends to request Nasdaq to change its trading symbol in connection with the name change. The Company will continue to operate Long Island Brand Beverages, LLC as a wholly-owned subsidiary and maintain the focus of this business on the ready-to-drink segment of the beverage industry, specifically, premium, 'better-for-you' brands marketed at an affordable price.

Xunlei Limited (NASDAQ: XNET) is a leading cloud-based acceleration technology company in China. On November 29, 2017, the company announced it has 28.77% equity interest in Shenzhen Xunlei Big Data Information Services Company Ltd. ("Big Data") and has no management control over Big Data. In response to certain public statements made by Big Data recently, the board of directors of the Company ("Board") issued an open letter and firmly supported the Company's endeavor to utilize its many years of technical know-how in the field of distributed computing to explore commercial applications with the help of blockchain technology.

HIVE Blockchain Technologies Ltd. (OTC: PRELF) is a growth oriented company building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland, which produce newly minted virgin digital currency like Ethereum around the clock, and is in the midst of a major expansion of operations into Sweden. Recently, the company announced that it has closed the first tranche of its previously announced private placement of up to C$115 million co-led by GMP Securities L.P. and Eventus Capital Corp. and including Haywood Securities Inc. and PI Financial Corp. The net proceeds of the Offering are expected to be used to fund the completion of the Sweden Bitcoin Data Centre and the Phase 3 Expansion at the Sweden GPU Data Centre, and for general working capital purposes.

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 media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. 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, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated five thousand dollars for financial news dissemination and pr services by winning media for global blockchain technologies corp. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or 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 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 editorial or 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 this editorial or Site, company profiles, 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 editorial and 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