Bitcoin Price Rally Continues as a New Split is About to be Implemented

NEW YORK, November 10, 2017 /PRNewswire/ --

Bitcoin price jumped on Wednesday after the developers called off the upcoming hard fork. The world's largest cryptocurrency hit a fresh record high of $7,848.31 on Wednesday, according to industry website CoinDesk. The controversial software upgrade called SegWit2x, which would have split bitcoin in two, is expected to take effect in mid-November. A group of SegWit2x leaders said they decided to suspend the upgrade due to concerns of a setback to Bitcoin's growth. The SegWit2x leaders said in an email: "Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin's growth. This was never the goal of Segwit2x." Global Payout, Inc. (OTC: GOHE), Digatrade Financial Corp. (OTC: DIGAF), Global Arena Holding, Inc. (OTC: GAHC), BTCS Inc. (OTC: BTCS), Bitcoin Services, Inc. (OTC: BTSC). 

Bitcoin gave up its gains on Thursday and was traded at $7162.89. The digital currency has gained over 600 percent this year, bringing its market value of about 119 billion. According to Business Insider, Goldman Sachs technical analyst Sheba Jafari believed that the bitcoin could get close to $8,000. He said in a note on Monday: "This break indicated potential for an impulsive advance, one that could reach at least 7,941. This is the minimum target for a 3rd of 5-waves up and should therefore be a level from which to watch for signs of a consolidation." 

Global Payout, Inc. (OTC: GOHE) announced yesterday that, "Its majority owned subsidiary, MoneyTrac Technology, Inc. ("MTRAC", the "Company") continues to make significant headway with Pegasus Fintech, Inc. on their joint collaboration in the development of a cryptocurrency token that is being developed for the cannabis industry.

Last month, MTRAC announced the establishment of a strategic partnership with Pegasus Fintech, Inc., an innovative Blockchain and Token Accelerator company that is focused on delivering solutions in the financial services, technology blockchain and emerging cryptocurrency market sectors. In recent weeks, each of the companies' technology teams have devoted much of their time and resources to the development of the cryptocurrency token they intend to introduce to the cannabis industry, an industry that remains underserved from a financial technology perspective.

The anticipated development of the token will allow for a Public Initial Blockchain Offering ("PIBCO") to be launched and should provide MoneyTrac with an effective avenue for raising the funds necessary to bring their digital currency to market. It will also provide investors and venture capitalists with a unique opportunity, through a regulatory compliant program, to capitalize on one of the fastest growing market sectors in the U.S. today."

"We are truly excited about the progress our tech and business development teams have made in recent weeks with the collaborative work they have been engaged in with Pegasus Fintech," said MTRAC CEO, James Hancock. "MoneyTrac's entry into the digital currency market will be a very big step forward in our objective of becoming the most recognized brand for financial technology solutions in the cannabis industry, and we are eager to continue laying the groundwork for the launch of what we believe will be a very successful ICO," Mr. Hancock commented further.

Digatrade Financial Corp. (OTCQB: DIGAF) is a digital-asset bitcoin exchange, blockchain development and fintech advisory services company. Recently the company provided an update to shareholders regarding the previously announced integration of the Ethereum Coin "ETH" onto the Digatrade platform which is expected to be competed in November 2017. This will afford Digatrade customers and shareholders first access to register for the Digafund21 (D21) token release on the already established, safe and secure Digatrade platform. The ICO platform is currently under development and is expected to be live and offering the presale discounted token in Q1-2018. Further project disclosure announcements will include the crypto-analytics team, development team, regulatory compliance partnerships, white paper, token structure, use of proceeds and user guide registration for token activation among other items and requirements.

Global Arena Holding, Inc. (OTC: GAHC) announced earlier this summer 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. This advancement gives GES the ability to tabulate elections faster and more efficiently, and brings the opportunity for GES to compete for larger elections. GES recently deployed this system in an actual election and it operated flawlessly. "Our development team, led by HCAS Technologies and Imaging 101 has been very easy to work with as we tailor the hardware and software to suit the needs of our current and future clients, maintaining the standard of quality I have provided over the last 35 years," said Maralin Falik, CEO of Global Election Services.

BTCS Inc. (OTCQB: BTCS) a blockchain technology focused company. Announced in October that it has closed on the remaining balance of its previously announced financing, which was co-led by Blockchain Global Ltd. ("BGL"). The Company received a total of $1.1 million from the sale of its Series C -1 Convertible Preferred Stock (the "C-1") and Warrants. On October 10, 2017, the Company closed on the initial $100,000 of a $1 million minimum financing which included $250,000 in bitcoin paid directly to BTCS and $750,000 in cash. "We've now secured the necessary funds to settle all of our debt, excluding derivative liabilities, a key step in moving forward with our planned merger with BGL," stated Charles Allen, CEO of BTCS. "With the filing of Form 10-Q and other key BTCS merger conditions now met from the C-1 financing, we're well-positioned to execute on what we believe will be a transformational milestone for our companies."

Bitcoin Services, Inc. (OTC: BTSC) offers services related to cryptocurrency and bitcoin, such as Bitcoin Mining and Blockchain Software Development. "Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards," according to the company's website.

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/

About FinancialBuzz.com

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.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated four thousand dollars for financial news dissemination and pr services by a non-affiliate third party for global payout, inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com .

Media Contact:
[email protected]
+1-877-601-1879

URL: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com