Cryptocurrency Market Capitalization Rebounds

NEW YORK, February 27, 2018 /PRNewswire/ --

The cryptocurrency market had witnessed significant growth in 2017. According to CoinMarketCap, Bitcoin, the world's largest cryptocurrency by market capitalizations, was up about 1,300 percent last year, while Ethereum posted a gain of over 8,000 percent. Ripple now ranked as the third largest cryptocurrency by market cap and it surged over 32,000 percent last year. More financial institutions started to offer derivatives. The leading U.S. futures exchange CME and Cboe both announced to launch bitcoin futures contract at the end of last year. Global Payout, Inc. (OTC: GOHE), Global Arena Holding Inc. (OTC: GAHC), SinglePoint, Inc. (OTC: SING), AppSwarm Inc. (OTC: SWRM), BTCS Inc. (OTC: BTCS)

The ICO, or Initial Coin Offering, market also saw a boom in 2017. ICOs is a way to raise money for a new cryptocurrency project. According to Business Insider, Venture capital fund Fabric Ventures and cryptocurrency data provider TokenData showed some ICO data in their "State of the Token Market" report: "More than $5.6 billion of capital was raised in 2017 according to the metrics used by the TokenData team. This compares to $1 billion of 'traditional' venture investing in blockchain startups in the same time frame and a 'mere' $240 million raised by token sales in 2016."

Global Payout, Inc. (OTC: GOHE) today announced breaking news that, "Crypto Cowboy, LLC, of which MoneyTrac Technology, Inc. ("MTRAC", the "Company"), has a 5% stake, has entered into an agreement with Sun Pacific Power Holding Corp. (OTCQB: SNPW) whereby the companies will work in a collaborative effort to build, develop, and manage a private exchange for coin based tokens, along with launching an initial coin offering ("ICO") backed by Sun Pacific's emerging growth opportunities in the energy marketplace.

This agreement bridges the gap between two industries that promise to be mainstays of future economic activity and also sets into motion the development of a foundation that will support the launch of Crypto Cowboys' first private ICO backed by Sun Pacific's "Sun Green Coin".

Said MTRAC CEO, Vanessa Luna: "This agreement between Crypto Cowboy and Sun Pacific is an incredible example of the impact and influence blockchain technology is just beginning to demonstrate across a wide variety of market sectors, and with our partnership with Crypto Cowboys, we are proud to be right in the middle of this exciting revolution. This agreement presents a very unique opportunity for MoneyTrac to play a pivotal role in the development and eventual launch of a private ICO and exchange that will feature the introduction of the "Sun Green Coin".

Said Crypto Cowboy President, Mark Denzin: "This engagement will enable CrytoCowboy to show the flexibility of the exchange services they can offer, and signals to the public that we are looking to engage industries of the future. Sun Pacific Power Holding Corp, is a partner that has a new and developing presence in the energy space that put us in a unique position to capitalize on a entry point in this exciting and developing marketplace."  

Global Arena Holding Inc. (OTC: GAHC) is a holding and technology development company. On January 29, 2018, the company announced that it has officially engaged HCAS Technology Inc. (HCAS) to provide software development services and infrastructure technology to its operating subsidiary, Global Election Services (GES). GAHC and HCAS have successfully worked together in the past year developing new election technology for Global Election Services. This innovation includes advanced registration software that determines voter eligibility as well as the implementation of GES' proprietary software and hardware system for ballot scanning during the tabulation process. In the advancement of election technology, GAHC will continue developing software systems with an emphasis on protecting voter registration data and tabulation using Blockchain Technology; technologies GAHC began exploring and investing in since 2015.

SinglePoint, Inc. (OTCQB: SING) has grown from a full-service mobile technology provider to a publicly traded holding company. On January 23, 2018, the company announced a letter of intent ("LOI") to acquire 100% of Bitcoin Beyond, a premier platform that enables retail merchants to accept bitcoin payments using their existing web-enabled point-of-sale device. This acquisition, priced at $1 million all stock, is expected to provide SinglePoint with a full end-to-end purchasing experience that provides merchants and bitcoin users unprecedented capabilities. Bitcoin Beyond was created to address growing demand for fast and reliable electronic payment processing for the cannabis industry. SinglePoint has plans to acquire additional companies in the space and again broaden its footprint in the quickly emerging blockchain space. The company is currently in negotiations to acquire another blockchain centric company in an effort to deploy its technology to major established markets.

AppSwarm Inc. (OTC: SWRM) last week announced in conjunction with AI VentureTech Inc., a project offering a suite of Virtual and Voice Assistants geared specifically for small business to assist in streamlining costs and increasing efficiencies. Virtual Assistants will assist smaller companies not just with scheduling and reminders, but also in customer, shareholder engagement, the facilitation of sales and to increase investor conversions. Our data research indicates companies are ready to rely more on chatbots and artificial intelligence (AI) to connect with users and to improve customer experiences. One of the first areas of focus for this project is providing small public and private companies a virtual shareholder assistant who can assist companies in communicating with shareholders on a day-to-day basis covering such topics as current share structure, contacts for legal counsel or transfer agents, and being added and updated to shareholder news lists and updates.

BTCS Inc. (OTCQB: BTCS) is an early entrant in the Digital Asset market and one of the first U.S. publicly traded companies to be involved with Digital Assets and blockchain technologies. On October 25, 2017, the company announced it has closed on the remaining balance of its previously announced financing, which was co-led by Blockchain Global Ltd. The Company received a total of $1.1 million from the sale of its Series C -1 Convertible Preferred Stock and Warrants. Blockchain Global is a leading multi-national pure-play Blockchain Technology company operating across four business segments, including transaction verification services, an institutional exchange platform, a blockchain start-up accelerator, and a blockchain technology consultancy.

Subscribe Now! Watch us report LIVE 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 global payout, inc. financial news dissemination and PR services, FinancialBuzz.com has been compensated four thousand dollars for financial news dissemination and PR services by cambridge consultants. 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 .

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

URL: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com