NEW YORK, April 18, 2018 /PRNewswire/ --
The demand for blockchain technology solutions are expected to increase rapidly due to growing adoption of distributed ledger technology. According to a report from Research and Markets, the global blockchain market size is expected to grow from USD 411.5 million in 2017 to USD 7,683.7 million by 2022. The report indicates that the rising cryptocurrency market cap and initial coin offerings, as well as the potential benefits of processing transactions are expected to fuel the growth of the blockchain market. According to CoinMarketCap, the total market capitalization of all cryptocurrencies were valued at about 324 billion. Chineseinvestors.com, Inc. (OTC: CIIX), The Bitcoin Investment Trust (OTC: GBTC), Net Element, Inc. (NASDAQ: NETE), MGT Capital Investments Inc. (OTC: MGTI), BTCS Inc. (OTC: BTCS)
According to a IMF blog, International Monetary Fund Managing Director Christine Lagarde outlined some of potential benefits of crypto-assets and blockchain technology, "Crypto-assets enable fast and inexpensive financial transactions, while offering some of the convenience of cash. Some payment services now make overseas transfers in a matter of hours, not days. If privately issued crypto-assets remain risky and unstable, there may be demand for central banks to provide digital forms of money. The underlying technology of crypto-assets - distributed ledger technology, or DLT - could help financial markets function more efficiently. Self-executing and self-enforcing "smart contracts" could eliminate the need for some intermediaries."
Chineseinvestors.com, Inc. (OTCQB: CIIX) announced breaking news last week that, "will be attending this year's 'Invest 2018' Exhibition on April 13th and 14th in in Stuttgart, Germany, the number one meeting point for the finance and investment sector in Germany. As one of the largest financial sector events in the Germany, this conference attracted more than 12,000 visitors and 144 exhibitors in 2017. Private and institutional investors use the platform to obtain information, compare assets, and invest in new opportunities.
"After a successful presentation at Invest 2017 which sparked the attention of German investors, we look forward to the opportunity to update the German financial sector and potential investors on the Company's recent business developments including the expansion of its core media and education services business to cover cryptocurrency and blockchain technology, and the upcoming spin off of all of the Company's hemp related assets scheduled to take place on May 31, 2018," says Warren Wang, CEO.
"For companies in attendance who are interested in reaching CIIX's unique data base of high net worth, Chinese investors, we also look forward to providing information regarding the Company's advertising and public relations related support services for emerging small cap companies and businesses in the cryptocurrency sector."
The Company recently announced that it will be launching the Bitcoin Trading Academy, the world's first educational platform covering all aspects of the cryptocurrency market. The first course will be held on June 2, 2018 in our Flushing, NY office with additional offerings in Manhattan, San Gabriel, CA and Arcadia, CA. Just last week, the Company lunched Bitcoin Millionaire VIP Livestream, a cryptocurrency subscription offering live streaming of trading demonstrations and other cryptocurrency topics for 6.5 hours daily.
The Company's expansion into the cryptocurrency business began in November 2017 with the launch of http://www.newcoins168.com, a premier Chinese cryptocurrency and blockchain technology information and education platform providing straightforward explanations of cryptocurrency basics, trading guidelines, real-time market commentary and analysis regarding mining, blockchain technology, industry hotspots, sector related stock trends and ETFs, and other strategies and opportunities to capitalize on this growing market."
The Bitcoin Investment Trust (OTCQX: GBTC) shares are the first publicly quoted securities solely invested in and deriving value from the price of bitcoin. It 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 provides a secure structure to gain exposure to the price performance of bitcoin.
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise ("SME") in the U.S. and selected emerging markets. In the U.S. it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, our cloud based, restaurant and retail point-of-sale solution. Recently, the company announced that its Unified Payments subsidiary has launched "Fast Pass Funding", a same-day funding service through its proprietary Netevia platform. Fast Pass Funding allows eligible merchants to receive funding in as little as 3 hours during regular business days.
MGT Capital Investments Inc. (OTCQB: MGTI) announced last month that it has ended its cybersecurity operations by selling the Sentinel product line to a new entity formed by the unit's management team, and stopping development of the privacy phone. The Sentinel assets were sold for $60,000 in cash and a $1.0 million promissory note, convertible into a 20% equity interest of the buyer. Also, the Company will provide full refunds for all preorders of the privacy phone. Robert Lowrey, newly-appointed Chief Financial Officer of MGT commented, "Despite some initial market traction with Sentinel, the board has determined to focus resources on cryptocurrency mining and to end the cash burn associated with R&D and marketing in the highly competitive cybersecurity space."
BTCS Inc. (OTCQB: BTCS) is an early mover in the blockchain and digital currency ecosystems and the first "Pure Play" U.S. public company focused on blockchain technologies. On October 25, 2017, the company announced it has closed on the remaining balance of its previously announced financing, which was co-led by Blockchain Global Ltd. Blockchain Global is a leading multi-national pure-play Blockchain Technology company operating across four business segments, including transaction verification services, an institutional exchange platform, a blockchain start-up accelerator, and a blockchain technology consultancy. BGL's vision is to increase availability and transparency of data to make both public and private sector industries more efficient and integrated. BGL leverages industry IP and knowhow to commercialize blockchain enabled platforms that uplifts trust throughout the digital spectrum.
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