Bitcoin Hits New Highs on Investor Frenzy

New Entries and Money Flow into Bitcoin/ Blockchain Market Creating New Levels for Bitcoin and Record Investor Enthusiasm

POINT ROBERTS, WA–(Marketwired – November 20, 2017), a global investor news source covering leading sectors including cryptocurrency and blockchain reports on recent entries into the bitcoin /blockchain list of publicly-traded companies and the investor frenzy that has seen bitcoin hit new highs following its recent sell-off.

Once scoffed at by the bigger players on Wall Street, investors are now seeing big names and big money get on the bitcoin train.

HIVE_logo.pngBig money is flowing into the sector with HIVE Blockchain announcing closing “$34.5 Million Bought Deal Financing and Expands Production of Newly Minted Digital Currencies.” The net proceeds of the Offering are to be used to fund the second phase of construction at the digital currency mining data centre in Sweden.

tZero logo.pngtZERO announced that the company’s token sale, utilizing a Simple Agreement for Future Tokens (or SAFT), will begin on December 18, 2017. “The interest in the proposed tZERO token sale has been overwhelming, and we have been working with our advisors to create the most unique and innovative token,” said Joseph Cammarata, President of tZERO. Patrick Byrne, CEO of and Founder of tØ said earlier at Money20/20, “We think this may be the largest ICO yet that comes to market.”

Square’s stock ran last week and also boosted bitcoin prices close to $8000 on news that they will be running a trial for some users of its Cash platform to buy and sell bitcoin.

160504-bitcoin-b“Given SQ’s tendency to move judiciously into new technologies, we expect it will do the same with bitcoin purchases. We believe the largest risk is regulation, which could limit its ability to provide the service or outright ban it. SQ is also exposed to liquidity and counterparty risk as it must source bitcoin for users either by pre-buying or using an exchange. Despite these risks, the upside could be significant if cryptocurrencies become more mainstream.”

On October 31st CME Group, the world’s leading and most diverse derivatives marketplace, announced it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.

Cme-group-logo“Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract,” said Terry Duffy, CME Group Chairman and Chief Executive Officer. “As the world’s largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities.”

Marathon Patent Group Logo.pngMarathon Patent Group (MARA), announced on November 2, 2017 that it has entered into a definitive purchase agreement to acquire 100% ownership of Global Bit Ventures Inc. (“GBV”), a digital asset technology company that mines cryptocurrencies. GBV has robust infrastructure in place with significant capability for expansion.

Global Bit Ventures Logo.pngGlobal Bit Ventures Inc. owns state-of-the-art GPU-based servers used to mine digital assets.

Nasdaq_logo.svg.pngIn the press release Merrick Okamoto, Chairman of Marathon said, “This acquisition provides investors an opportunity to invest in one of the first NASDAQ-listed public companies to enter this rapidly growing industry.”

On November 13th, Reality Shares and Nasdaq announced the creation of the Reality Shares Nasdaq Blockchain Economy Index, a smart-beta index that tracks the growth and development of leading global companies creating and implementing blockchain solutions.

reality-shares-logo.png“Reality Shares recognized the tremendous growth potential of blockchain technology and subsequently teamed up with Nasdaq to identify what we believe to be the leading global companies deploying resources to develop blockchain applications,” said Eric Ervin, CEO of Reality Shares. “As these new applications are deployed, we believe these companies will most likely become disrupters in their industries, with potential to profit at the expense of laggard companies that do not deploy blockchain applications.”

About  News that Inspires Big Ideas

investorideas is a meeting place for global investors, featuring news, stock directories, video, podcasts, company profiles, interviews and more in leading sectors. Sectors we cover include tech (AI, drones, internet of things), payments, crypto and blockchain, biotech, mining, energy, renewable energy, water, marijuana and hemp stocks, food and beverage, defense and security (biometrics/cyber), Latin America, sports, entertainment, luxury brands and gaming.

MarketWired-LogoFor more information:

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s