Cryptocurrencies Rebound After Recent Declines

NEW YORK, April 4, 2018 /PRNewswire/ --

Bitcoin price rebounded on Tuesday after Monex Group, a Japanese online broker firm is reportedly offering to buy Coincheck, a Japanese cryptocurrency exchange. According to CoinMarketCap, bitcoin the biggest cryptocurrency by market cap rose 6.2 percent to $7,450 on Tuesday. Other major cryptocurrencies also bounced back on the news. Ethereum jumped over 8 percent to $414.62, while Ripple was up 9.7 percent to $0.54. Litecoin, which ranked as the fifth largest cryptocurrency, traded over 11 percent higher on Tuesday. According to Nikkei Asian Review, Monex is offering to buy a majority stake in Coincheck for several billion yen. The acquisition is expected to provide Monex an opportunity to enter the cryptocurrency exchange business. Chineseinvestors.com, Inc. (OTC: CIIX), Bitcoin Investment Trust (OTC: GBTC), Overstock.com, Inc. (NASDAQ: OSTK), Square, Inc. (NYSE: SQ), NVIDIA Corporation (NASDAQ: NVDA).

According to CNBC, Brian Kelly, founder and CEO of BK Capital Management, said: "It's a massive confidence boost; you now have a regulated public company in Japan buying into a crypto exchange. This puts a stamp of approval, and Japan is a huge driver of this market." Kelly also said the potential Monex deal may attract more brokerage firms to enter the cryptocurrency exchange business, "If you are Etrade, Schwab or any small-to-mid brokerage firm and you have seen Robinhood eat your lunch with TradeStation entering the market you must be paying attention."

Chineseinvestors.com, Inc. (OTCQB: CIIX) just earlier today announced breaking news that, will be presenting at this year's MicroCap Conference on April 9th and 10th in New York City. The MicroCap Conference is an exclusive event for investors who specialize in small and microcap stocks. Conference attendees are provided the opportunity to interact with management at some of the most attractive small companies, to learn from the various expert panels, and to mingle with other microcap investors.

At the conference, ChineseInvestors.com, Inc.'s CEO Warren Wang will present information regarding the Company's business updates including its developing cryptocurrency business which focuses on three areas: Cryptocurrency Media & Education Services; Cryptocurrency ATMs and Mining. In November 2017 the Company launched http://www.newcoins168.com, a premier Chinese cryptocurrency and blockchain technology information and education platform providing straightforward explanation of cryptocurrency basics, trading guidelines, real-time market commentary and analysis regarding mining, blockchain technology, industry hotspots, sec-tor-related stock trends and ETFs, and other strategies and opportunities to capitalize on this growing market. The Company also provides a Bitcoin ATMs with on-site customer service representatives providing instruction in both Chinese and English. In addition, the Company is exploring investments in Cryptocurrency Mining with its recent purchase of ASIC (Application Specific Integrated Circuit) machines used to mine SHA-256 or Scrypt mining algorithms to earn cryptocurrencies such as Bitcoin and Litecoin.

"We look forward to providing attendees with information regarding the Company's cryptocurrency business and welcome this opportunity to network with leading micro-cap and small-cap professionals," says CIIX founder and CEO Warren Wang."

Bitcoin Investment Trust (OTCQX: GBTC) are the first publicly quoted securities solely invested in and deriving value from the price of bitcoin. The BIT 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. Grayscale Investments, LLC the sponsor of the Bitcoin Investment Trust and the Ethereum Classic Investment Trust.

Overstock.com, Inc. (NASDAQ: OSTK) fintech subsidiary, t0.com Inc. announced on February 2nd, the terms for its purchase of a 24 percent ownership stake in StockCross Financial Services, Inc., a FINRA member firm and a U.S. DTCC member Firm. t0.com, Inc. is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology based on cryptographically-secured, decentralized ledgers - more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. "We view our acquisition of 24 percent of StockCross, and our relationship with the Gebbia family, as another key step toward achieving our goal of being the first fully regulated security token trading platform," said Joseph Cammarata, president of tZERO. "This collaboration unlocks enormous potential and provides us with enterprise-level economies of scale for both of our companies."

Square, Inc. (NYSE: SQ) creates tools that help sellers start, run, and grow their businesses. In February, the company has posted its financial results for the fourth quarter and full year of 2017. The company said total net revenue was $616 million, up 36% year over year, and adjusted revenue was $283 million, up 47% year over year. The company continued to add services to Cash App that build upon our existing platform and give customers the utility they want when it comes to their money. According to its Q4 shareholder letter, Cash Card is also a useful spending tool, and in December 2017 customers spent over $90 million with Cash Card, representing an annual run rate of over $1 billion. Additionally, customers can now buy and sell Bitcoin in Cash App.

NVIDIA Corporation (NASDAQ: NVDA)'s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI - the next era of computing - with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. In February, the company reported record revenue for the fourth quarter ended January 28, 2018, of $2.91 billion, up 34 percent from $2.17 billion a year earlier, and up 10 percent from $2.64 billion in the previous quarter. "We achieved another record quarter, capping an excellent year," said Jensen Huang, founder and chief executive officer of NVIDIA. "In a powerful sign of our progress, attendees at NVIDIA's GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.

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