The Cryptocurrency Market Today

NEW YORK, September 6, 2017 /PRNewswire/ --

The cryptocurrency market is growing rapidly this year. The overall market capitalization of cryptocurrency was $148 billion on Tuesday, after reaching a record high of about 180 billion on September 2, according to data published by Coinmarketcap.com. Bitcoin, the most popular digital currency, also rose above $5000 for the first time on Saturday, but the price of bitcoin fell after China's regulators announced they have banned initial coin offerings. According to CoinDesk, bitcoin is trading at $4,401.48 and has a market cap of $72.83 billion. Bitcoin has rose more than 60 percent since it was split into two on August 1st. It has already gained over 320 percent so far this year. Global Payout, Inc. (OTC: GOHE), MGT Capital Investments, Inc. (OTC: MGTI), United American Healthcare Corporation (OTC: UAHC), Global Arena Holding, Inc. (OTC: GAHC), Digatrade Financial Corp (OTC:  DIGAF)

Other cryptocurrencies such as Ethereum and Bitcoin Cash have also been trading higher this year. Ethereum, the second largest cryptocurrency by market capitalization, has jumped more than over 3500 percent year-to-date. Bitcoin Cash, which was formed by the split of bitcoin, continues to gain market share. It rose 4.69 percent to $537.26 on Tuesday and now has a market cap of 8.8 billion. It now become the third-largest digital currency by market cap. 

Global Payout, Inc. (OTC: GOHE) on August 28th announced that, "It will incorporate bitcoin as a payment method for retail and wholesale customers in the cannabis industry. In providing a solution for the logistical headaches and constant security threats to cannabis businesses, Global Payout's majority owned MoneyTrac Technology, Inc. ('MTRAC') subsidiary will leverage its virtual financial wallet technology to eliminate cash payments for cannabis at retail stores. 

Because marijuana is illegal on a federal level in the United States, the industry is largely underbanked. As a result, most cannabis companies and dispensaries lack an electronic method to complete secure payments, instead of conducting all-cash transactions. This environment creates significant challenges in terms of accounting, cash management storage, and safety. Global Payout recognizes bitcoin as the quickest, safest and most reliable way to fill this void and help cannabis companies more efficiently conduct their business."

"Since there is an inability to access commercial banks for merchant bank accounts, we feel it is imperative to focus on currency alternatives such as bitcoin to service cannabis industry transactions. Furthermore, our payment system is completely ready for use. It will not require a great deal of time or money to incorporate bitcoin into the equation," says Global Payout Founder and CEO, Jim Hancock.

Joe Sebo, CFO of Global Payout adds, "Everyone in the payment processing world is racing to provide the cannabis industry with a cashless alternative using bitcoin technology, and the companies that accomplish this task will realize incredible profits. I believe Global Payout is one of those companies."

MGT Capital Investments, Inc. (OTC: MGTI) the company continues to focus on an expansion model to grow its crypto assets materially. Recently, the company announced that it has entered a purchase order with Bitmain Technologies for in excess of 1,000 S9 Antminer Mining rigs, with shipment expected in mid fourth quarter 2017. Following shipment and setup, MGT's Bitcoin mining operations are expected to generate $1.1 million in monthly revenue, assuming current pricing and difficulty rates. Factoring in electricity, hosting and other direct operating costs, EBITDA from the Company's Bitcoin mining operations is projected at $800,000 per month, prior to amortization of notes payable.

United American Healthcare Corporation (OTC: UAHC), through its subsidiary, UAHC Ventures, LLC, pursues strategic investment opportunities in various growth industries. Recently, the company announced that UAHC Ventures has partnered with MGT Capital Investments, Inc. by providing a $2 million investment to MGTI, the proceeds of which will be utilized by MGTI to further expand and develop its Bitcoin mining operations. UAHC Ventures is a newly formed subsidiary of UAHC, created to pursue strategic-investment opportunities in promising growth industries, such as blockchain technologies and digital currency.  

Global Arena Holding, Inc. (OTC: GAHC) announced earlier in August 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.

Digatrade Financial Corp (OTCQB:  DIGAF) a digital asset exchange platform, blockchain development services and advisory company. On August 28th the company announced that it is currently developing several new technologies and enhancements for the Digatrade Core 2.0 Digital Asset Trading Platform https://digatrade.com , and seeking additional new opportunities and partners for growth as Bitcoin (BTC) continues to increase in value with a market capitalization now exceeding $70B as a result of a broader investment base seeking exposure into distributed ledger technology.

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