Cryptocurrency Market Rebounds

NEW YORK, January 24, 2018 /PRNewswire/ --

Bitcoin traded higher on Tuesday as it pared earlier losses in the day. According to CoinDesk's bitcoin price index, bitcoin price rose 3.25 percent to $11,122 as of Tuesday. The cryptocurrency fell to a low of $9,976.97 in the early morning as The South Korea Financial Services Commission announced it would ban cryptocurrency traders using anonymous bank accounts on January 30. Bitcoin futures also rebounded on Tuesday. The CBOE Bitcoin Futures for February delivery surged over 10 percent to $11,270, while bitcoin futures from CME rose 8.59 percent to $11,245. According to CoinMarketCap, bitcoin now has market capitalization of about $189 billion, accounting for 34.9 percent of the total cryptocurrency market. Epazz, Inc (OTC: EPAZ), MGT Capital Investments, Inc. (OTC: MGTI), India Globalization Capital, Inc. (NYSE: IGC), On Track Innovations Ltd (NASDAQ: OTIV), Eastman Kodak Company (NYSE: KODK) 

Other major cryptocurrencies also bounced back on Tuesday. Ripple, the third-largest cryptocurrency by market cap, lead the cryptocurrency market rebound. According to data from CoinMarketCap, Ripple's XRP jumped over 14 percent to $1.41. Ethereum, the second-largest digital currency by market cap, rose back above $1,000. On Tuesday, BitFlyer, one of the Japan's largest bitcoin exchanges, announced it had received a Payment Institution (PI) license to operate in the European Union. BitFlyer Chief Executive Officer and former-Goldman Sachs Group Inc. trader Yuzo Kano, said: "Approved regulatory status is fundamental to the long-term future of bitcoin and the virtual-currency industry."

Epazz, Inc (OTC: EPAZ) just announced breaking news this morning that, "the company has acquired the android app CryptoFolio. The app tracks and manages your Bitcoin and Altcoin portfolios and allows you to fully control your cryptocurrency portfolio. CryptoFolio was designed to make it simple and practical to track cryptocurrency investments. Epazz Inc. acquired the software rights, source code and user base. The app has been installed over 2,900 times.

The CryptoFolio business model provides free features to attract users and then allows users to purchase additional features from $1.99 to $5.99 each. CryptoFolio is a great add-on app for ZenaPay, and future versions of CryptoFolio will include an option to download ZenaPay. The company will add cryptocurrencies and languages to CryptoFolio to attract more users and will also develop an IOS version of the app. CryptoFolio has great potential to become a leader in crypto tracking apps. Several similar apps have an installed base of over a million unique users. Epazz Inc. will evaluate the other apps to determine what additional features it should add.

"The synergies with ZenaPay and CryptoFolio are clear," said Shaun Passley, PhD, CEO of Epazz Inc. "CryptoFolio users will benefit from ZenaPay. We will add mobile apps through acquisition or internal development over the next few months. We believe blockchain is a very large industry, and we will use our skills to expand into this market."

About ZenaPay (http://www.zenapay.com ) - ZenaPay is being developed to solve a major problem in high-risk industries: getting paid. Traditional banking systems do not allow high-risk industries to access their payment systems. ZenaPay Bitcoin wallet has been download more than 10,000 times since its launch on the Android Play Store. ZenaPay offers a cutting-edge payment solution that gives consumers a way to buy items online or in stores using Bitcoin. The new Bitcoin payment software will allow consumers to use digital currency to make online or in-store purchases with ease. The process will also be anonymous because all transaction details are encrypted through Bitcoin, which will enable stores to accept digital currency instead of only cash. ZenaPay is available on the App Store and Play Store."

MGT Capital Investments, Inc. (OTCQB: MGTI) announced last month that it has executed a series of transactions that put the Company in a debt-free and cash-rich position as it exits 2017. Specifically, investors holding a total of $4.6 million in convertible notes have exchanged their debt for equity. In addition, the Company sold two million newly issued restricted shares for a total of $8.0 million, or $4.00 per share. The purchasers also received warrants to acquire an equal number of MGT shares at a price of $4.50 per share. Robert Ladd, MGT's Chief Executive Officer provided the following commentary on these events. "The returns in our bitcoin mining operations have never been better, and the board has decided to enter into agreements that position the Company for even greater expansion with less risk," concluded Mr. Ladd.

India Globalization Capital, Inc. (NYSE: IGC) reported last month that it will leverage its existing team of technology and healthcare experts to develop methods utilizing blockchain in areas such as product identification assurance (PIA). "We understand the unique challenges facing the cannabis industry and believe that our team has the expertise to be the first to create meaningful solutions to address these issues using distributed ledgers inherent in blockchain technology. As we work to develop blockchain in the rollout of Hyalolex, our goal would be to establish a universal cannabis platform applicable to solving multiple industry challenges facing dispensaries and consumers. This would include addressing issues such as transactional difficulties, inadequate product labeling, product identification assurance (PIA) and product origin assurance," stated Ram Mukunda, CEO.  

On Track Innovations Ltd (NASDAQ: OTIV) a global provider of near field communication (NFC) and cashless payment solutions, announced this month that it now accepts cryptocurrency as a way to purchase its innovative cashless payment solutions. "Bitcoin, Bitcoin Cash, Ethereum & Ripple Digital Currencies, amongst other digital currencies, have become the conventional bearer for cryptocurrencies, and we predict it will become a market standard in the future of global payment," says Shlomi Cohen CEO OTI Group "We look to the future with cryptocurrencies and are ready to encourage the purchase of our unique solutions."

Eastman Kodak Company (NYSE: KODK) announced its license with WENN Digital concerning the KODAKOne platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers to take greater control in image rights management. "Since the 1800's, Kodak has always sought to deliver innovation that makes photography accessible, affordable and rewarding for everyone," said Jeff Clarke, CEO, Kodak. "We are focused on continuing to offer analog and digital innovations that inspire creativity through our strategic licensed partners."

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