Bitcoin Cryptocurrency is in Record Territory

NEW YORK, October 24, 2017 /PRNewswire/ --

Bitcoin traded near the $6,000 level on Monday after it hit an all-time high of $6,147.07 last Saturday. The world's largest cryptocurrency by market capitalization has risen nearly 500 percent this year and bringing its total market value of about $98.74 billion. According to Cryptocoins News, rumors that China may resume cryptocurrency trading by licensing bitcoin exchanges could have added to the recent rally in bitcoin prices. According to data from CryptoCompare, Japan now accounts for 59 percent of the total cryptocurrency trading volume, while 25.5 percent of trades came from United States. Global Payout, Inc. (OTC: GOHE), BTCS Inc. (OTC: BTCS), Global Blockchain Technologies Corp. (OTC: BLKCF), Global Arena Holding, Inc. (OTC: GAHC), Digatrade Financial Corp. (OTC: DIGAF)

Asian countries have different attitude toward the cryptocurrency market. In September, Chinese government announced to ban Initial Coin Offering (ICOs) and shut down the major cryptocurrency exchanges such as such as OKCoin, Huobi, and BTCC in China, which caused bitcoin to drop sharply to a low of $2,980. Since then, bitcoin prices have recovered after Japan showed interested in the booming market. In September 29, 2017, Japan's Financial Services Agency announced to issue licenses for 11 cryptocurrency exchange operators, which followed a previously passed law to recognized bitcoin as a legal form of payment in April.

Global Payout, Inc. (OTC: GOHE) announced breaking news this morning that, "its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC," the "Company") has established a strategic partnership with Pegasus Fintech, Inc., an innovative blockchain and token accelerator company delivering regulatory-compliant solutions in the financial services, technology, blockchain, and cryptocurrency market sectors.

The core focus of the partnership will center around the development of a regulatory-compliant, security-based cryptocurrency token to be utilized within the financial technology platform that MTRAC is currently developing for its clients operating in the cannabis industry. Additionally, it is MTRAC's intent to introduce a value-driven token that will completely streamline payment processing for businesses and consumers across an industry that continues to grow substantially.

"MoneyTrac Technology is aiming to establish itself as the most effective full-service provider of financial technology solutions for businesses in the cannabis industry," says MTRAC COO Vanessa Luna. "Pegasus's cryptocurrency technology will serve as the catalyst for us to develop and introduce a cryptocurrency token that we believe will become the foundation for a revolutionary financial platform for the cannabis industry and go well beyond anything currently available in this market."

Pegasus Founder and CEO David Lucatch adds, "At Pegasus Fintech, we have devoted a considerable amount of time and effort toward the development of a security-based token acceleration process that meets the needs and expectations of a changing global securities landscape. We are excited to have the opportunity to work in collaboration with MoneyTrac Technology on the development of a regulatory compliant Public Initial Blockchain Offering ("PIBCO") that will become the foundation for a token offering in their market sector that we believe will not only offer a real value to investors and token holders, but also facilitate market liquidity." With the development and successful launch of a cryptocurrency-based token, MoneyTrac expects to increase its revenue earning potential in addition to its overall value amongst its client base within the cannabis industry."

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 intends to acquire digital assets through: open market purchases, participating in initial digital asset offerings. On October 11th, BTCS announced it has secured $1,000,000 in financing, which includes $250,000 (59.38) in bitcoin. "This financing represents a major milestone in the ongoing evolution of our Company," stated Charles Allen, CEO of BTCS. "With the opportunity in the burgeoning blockchain space is still in its infancy, our planned merger with Blockchain Global Ltd. ("BGL") positions us with a diversified business model that sets the stage for market leadership globally, and this financing represents a strong commitment to move forward."

Global Blockchain Technologies Corp. (OTC: BLKCF) is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry early adopters and pioneers who have had a significant impact on the rise of the blockchain. Global Blockchain is focused on streamlining the complicated process that interested investors currently must undergo in order to gain exposure to the cryptocurrency space. Global Blockchain Technologies announced on October 16th that it has commenced an Australian Securities Exchange listing application. Global Blockchain president Shidan Gouran noted: "The addition of a listing in Australia to our listing in Frankfurt brings access to trading much closer to 24 hours a day on conventional exchanges, which should be the standard in the digital age."

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. On August 17th, Global Arena Holding announced that after months of development and testing, the Company's subsidiary, Global Election Services, Inc. is proud to announce the implementation of new proprietary software and hardware to utilize in ballot scanning during the tabulation process.

Digatrade Financial Corp. (OTCQB: DIGAF) a digital asset exchange, blockchain development and fintech advisory services company announced on September 28th, the execution of a Letter of Intent "LOI" for its Initial Coin Offering "ICO" with No Limits Consulting Limited based in Hong Kong. The project deck, currently under development, will include the leadership team, development team, new Digafund ICO platform & launch date, legal & accounting, regulatory compliance partnerships, white paper, token structure, use of proceeds and user guide registration for token activation among other items and requirements.

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