NEW YORK, September 28, 2017 /PRNewswire/ --
Bitcoin Price rose back above $4,000 on Wednesday as South Korea plans to create a major cryptocurrency exchange. Bitcoin price jumped 7.13 percent to $4173.27 on Wednesday, bringing its market capitalization to over $68 billion. The cryptocurrency market has grown at a rapid rate this year. According to Coinmarketcap, the total cryptocurrency market was about $144 billion. It reached a record high of $180 billion earlier this month. Other cryptocurrencies such as Ethereum also have significant gains this year. The price of Ethereum, which is the second largest cryptocurrency by market capitalization, rose more than 3600 percent this year. Big Wind Capital Inc. (CSE: BWC), First Bitcoin Capital Corp. (OTC: BITCF), Bitcoin Investment Trust (OTC: GBTC), BTCS Inc. (OTC: BTCS), HIVE Blockchain Technologies Ltd. (OTC: PRELF)
Bitcoin price has hit an all-time high of $5000 earlier this month. But it fell after the Chinese government announced it will ban Initial Coin Offering and shut down the major cryptocurrency exchanges such as such as OKCoin, Huobi, and BTCC in China. But other Asian countries such as South Korea are interested in the booming cryptocurrency market. According to a Coindesk report, South Korean Fintech Firm Dunamu plans to launch a new cryptocurrency exchange, known as Upbit.
Big Wind Capital Inc. (CSE: BWC) target Hill Top Security Inc. (HTSI) listed on the Canadian Stock Exchange under the Ticker 'BWC'. The company announced breaking news yesterday that, "HTSI is developing its first Initial Coin Offering (ICO) for the mining and metals industry and has already received funding for development. The new ICO will enable HTSI to expand its current protection of company networks and communications to include the protection of company transactions. HTSI is also in the process of joining the Financial Information eXchange (FIX), which has revolutionized the trading environment and has been fundamental in facilitating many of the electronic trading trends that have emerged over the past decade. HTSI recently signed a letter of intent with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets." News Highlights:
- The ICO will facilitate secure trading of specific commodities even in unstable jurisdictions worldwide
- Hill Top's ICO will utilize proprietary technology created by Hill Top, within the Etherium framework. Etherium is the leading technology used by most crypto currencies.
- Hill Top has received funding and product development is at a very advanced stage
Corby Marshall, CEO of Hill Top Security, said, "From our perspective, the value of cryptocurrency goes beyond theunderlying currency or coin because it allows a company to conduct trustworthy transactions in untrustworthy jurisdictions or circumstances. We therefore see our application of cryptocurrency as a new and ground-breaking method of securing our customers' operations - an approach that moves beyond protecting company networks and communications to a point at which we are protecting transactions as well."
Kim Pease, SVP, Product Management, of Hill Top Security, said, "We are very excited to be on the vanguard of an intriguing new paradigm for distributed apps. Blockchain technology has the potential to revolutionize the future of financial transactions and, with our ICO already at an advanced stage, we expect to be in a position to launch in the near future."
First Bitcoin Capital Corp. (OTC: BITCF) is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange - www.CoinQX.com. First Bitcoin Capital Corp and SAMCO Financial announced on September 20th, 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.
Bitcoin Investment Trust (OTCQX: GBTC) is a publicly-quoted security that is solely invested in and originating value from the price of bitcoin. The BIT exposes the value and price movement of bitcoin to investors through a traditional investment vehicle, without requiring the purchase, storing and safekeeping of bitcoins. The Bitcoin Investment Trust tracks the bitcoin market price, fees and expenses.
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. Subject to additional financing, 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.
HIVE Blockchain Technologies Ltd. (OTC: PRELF) is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. On September 18th, the company announced the commencement of trading in the Company's common shares on the TSX Venture Exchange under the ticker symbol "HIVE" effective at the open on September 18, 2017. This follows the completion of a $16.5 million equity financing, as announced on September 7, 2017, and the closing of the acquisition from Genesis Mining Ltd. ("Genesis") of a state-of-the-art GPU-based blockchain data centre in Reykjanes, Iceland and formation of a strategic partnership with Genesis (collectively, the "Transaction"), as announced on September 15, 2017.
Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"
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.