NEW YORK, October 3, 2017 /PRNewswire/ --
The cryptocurrency market has experienced rapid growth this year. According to data from Coinmarketcap, the total cryptocurrency market reached $148 billion. Bitcoin, the largest cryptocurrency by market capitalization, continued to rally on Monday. Bitcoin now has a market cap of $73 billion, accounting for nearly half of the cryptocurrency market. According to CoinDesk, a cryptocurrency index fund called Bitwise Hold10 Private Index Fund was launched by Bitwise Asset Management. The fund captures the top 10 cryptocurrencies by network value. The fund's Co-founder, Hunter Horsley said the fund's goals to help investors gain exposure to cryptocurrency. Glance Technologies Inc (OTC: GLNNF), First Bitcoin Capital Corp. (OTC: BITCF), BTCS Inc. (OTC: BTCS), Bitcoin Investment Trust (OTC: GBTC), Global Arena Holding, Inc. (OTC: GAHC).
The Blockchain technology, which is used to manage the database that records cryptocurrency transactions, also has important news. The U.S. State Department will host Blockchain Forum on October 10. Participating companies included IBM, Microsoft, Pricewaterhouse Coopers, ConsenSys, and many other firms. This is the second Blockchain-related forum this year. The goal of the forum is to explore new development and potential applications of the Blockchain technology. The event will also discuss how Blockchain can help various global issues, including humanitarian crises.
Glance Technologies Inc (OTCQB: GLNNF) also listed on the Canadian Stock Exchange under the Ticker 'GET'. Just earlier today the company announced breaking news that, Netcoins Inc., who enables approximately 4,000 stores to become bitcoin teller locations through virtual ATM software, has entered into an alliance with Glance Technologies. Netcoins Inc. provides an easy way for people to buy bitcoins whereas Glance will allow users to spend their bitcoins quickly and easily via Glance Pay.
According to blockchain.info the price of bitcoin has increased over 600% during the past year, making the current market capitalization of bitcoin over $72 billion USD. This means there is 6 times as much purchasing power in the bitcoin community versus just 1 year ago, with still limited opportunities to spend bitcoins compared to traditional currencies.
The alliance between Netcoins and Glance will give people better access to both buying and spending bitcoin. One of the current difficulties in using bitcoin is the time it takes to complete a transaction, which can be many minutes and in some cases many hours. Glance can help solve this problem by allowing bitcoins to be converted to Glance Dollars, which can then be used to make lightning fast transactions using the Glance Pay app.
In conjunction with the alliance, Michael Vogel and Dominic Vogel (the founders of Netcoin) have agreed to act as Glance's advisers regarding cryptocurrencies. These advisors join Spiros Margaris on Glance's advisory board, who has been recognized as the No. 1 top global Fintech influencer by Onalytica.com and No. 10 overall Blockchain influencer by Right Relevance. "We are thrilled to have the opportunity to work the awesome people at Glance Technologies and offer up our collective bitcoin and cyber security expertise," says Netcoin Co-founder, Dominic Vogel.
"Cryptocurrencies and blockchain technologies are transforming payments and security. We are committed to being at the forefront of payments, security, and mobile technologies and are excited by the possibilities of combining our anti-fraud technologies with cryptocurrencies," says Glance CEO, Desmond Griffin, "We are also thrilled to add 2 more experts to our advisory board as we continue innovating in these leading edge domains."
First Bitcoin Capital Corp. (OTC: BITCF) is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange - http://www.CoinQX.com . First Bitcoin Capital and SAMCO Financial announced on September 21st, that SAMCO has delivered 3 automated check-cashing kiosks to BITCF locations in Northern California. Kiosks were ordered by BITCF as a pilot test to integrate Bitcoin ATM functionality into self-service check cashing kiosks nationwide. During the pilot, BITCF is offering discounted check-cashing services and will promote the new services through online advertising, in-store signs, and special events, all aimed at consumers who use a check-cashing services.
BTCS Inc. (OTC: BTCS) plans to create a portfolio of digital assets including bitcoin and other 'protocol tokens' to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. BTCS announced on August 21st, 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. "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."
Bitcoin Investment Trust (OTCQX: GBTC) is the first publicly-quoted securities solely invested in and deriving value from the price of bitcoin. The BIT enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing and safekeeping bitcoins. The Bitcoin Investment Trust's shares track the bitcoin market price, less fees and expenses.
Global Arena Holding, Inc. (OTC: GAHC) holds a number of interests, including Global Elections Services, Inc., GAHI Acquisition Corp and Blockchain Technologies Corporation Inc. The Company focuses on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology. Global Arena Holding announced on August 17th, 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.
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