Cryptocurrency Utilization Continues to Expand

NEW YORK, July 9, 2018 /PRNewswire/ --

According to a report published by Coherent Market Insights, the cryptocurrency mining market was valued at USD 610.91 Million in 2016 and is expected to reach USD 38.38 Billion by 2025, while growing at a compound annual growth rate of 29.7% during the forecast period. The availability of low-cost solutions as well as the favorable environment for mining operations are vital driving factors for the growth of the cryptocurrency mining market. China and the U.S. dominated the cryptocurrency mining industry in 2016, accounting for over 70% of the market shares. Among the mining types, the cloud mining and remote hosting services segments held the largest market share in 2016. Chineseinvestors.com, Inc. (OTC: CIIX), Marathon Patent Group Inc. (NASDAQ: MARA), MGT Capital Investments Inc. (OTC: MGTI), GAIN Capital Holdings Inc. (NYSE: GCAP), DPW Holdings Inc. (NYSE: DPW)

The adoption of cryptocurrency continues to grow. Recently, LINE Corporation and LVC Corporation had announced that they plan to launch a global cryptocurrency exchange called BITBOX in July 2018. The cryptocurrency exchange will be operated as part of LINE's financial services business. Additionally, on Wednesday, The Sacramento Kings, an NBA franchise, announced a partnership with global cryptocurrency leader, MiningStore.Com, to mine digital currency in the only Tier 4 data center in the professional sports arena. MiningStore Founder, John-Paul Baric, said, "The Sacramento Kings are pioneers in exploring cryptocurrency and its potential impact."

Chineseinvestors.com Inc. (OTCQB: CIIX) just earlier today announced breaking news that, "it has retained the law firm of CKR Law, LLP to assist it with setting up its own Bitcoin ATM network in California, with the first Machines to be placed in Chinese Communities in the Los Angeles area. Once this network is established in California, the Company plans to expand to serve other Chinese Communities throughout the United States.

Since first entering into the Bitcoin ATM market through a successful shared Hosting Agreement in 2017, the Company recognizes the opportunity to increase its margins on the Bitcoin ATM business by operating its own Bitcoin ATM network.

"With the regulatory world changing in the cryptocurrency sector, we feel that it is important to retain legal counsel with a proven track record in this industry to assist us in setting up our own Bitcoin ATM network and eventually expanding it to cover other Chinese Communities in the United States," says CEO Warren Wang. "In addition to continuing to provide investors with news about digital currency, ChineseInvestors.com, Inc. looks forward to continuing to make it convenient and easy for Chinese Investors to purchase Bitcoin by providing access to on site customer service representatives available to provide instruction regarding the Bitcoin ATM in both Chinese and English."

Marathon Patent Group Inc. (NASDAQ: MARA) is an IP licensing company. Following the acquisition of GBV, the combined company will focus on the development of GBV's new business involving the blockchain ecosystem and generation of digital assets. Marathon currently operates one mining facility in Quebec, with plans to open additional facilities in the future. Last month, the Company announced that it has determined not to extend the second amended extension date for closing of the Company's proposed merger with Global Bit Ventures, Inc. ("GBV") beyond June 28, 2018, the current expiration date.

MGT Capital Investments Inc. (OTCQB: MGTI) ranks as one of the largest U.S. based Bitcoin miners. On June 7, 2018, the Company announced that it has received net proceeds of USD 3.7 Million in debt financing as it moves to expand its Bitcoin mining operations. Notwithstanding recent increases in the Bitcoin mining Difficulty Rate and the flat price action of Bitcoin itself, the Company believes the opportunity to make strategic large-scale purchases of Bitmain Antminers, will provide MGT with very attractive cash on cash returns. Stephen Schaeffer, President of MGT Crypto Strategies, explained, "Mining economics are subject to lean and flush periods, but over the long run, efficient and forward-thinking miners are rewarded. Being well-capitalized puts MGT in a commanding position while negotiating deals for hosting sites and hardware."

GAIN Capital Holdings Inc. (NYSE: GCAP) provides innovative trading technology and execution services to retail and institutional investors worldwide. In April, the Company announced the continued rollout of the Company's cryptocurrency offering, with the recent launch of Ethereum, Litecoin, Ripple and Bitcoin Cash in the U.K., Europe, Australia and Singapore on the Company's FOREX.com and City Index services. GAIN has also expanded its Bitcoin offering, allowing customers to trade Bitcoin directly against the Euro (BTC/EUR), British pound (BTC/GBP) and Australian dollar (BTC/AUD), in addition to the U.S. dollar. GAIN offers cryptocurrency trading either as an over-the-counter (OTC) derivative or as a future, allowing traders to speculate on price movements without owning the underlying asset. The launch of the additional cryptocurrencies follows the initial introduction of Bitcoin trading in the U.K. and Europe in December 2017 across the Company's City Index and FOREX.com services, and in Australia and Singapore in January 2018.

DPW Holdings Inc. (NYSE: DPW) is a diversified holding company. On June 18, 2018, the Company announced that Coolisys Technologies, Inc. is launching a new line of crypto-mining units, the "SuperMiner," with the first miner model called the "AntEater." The AntEater features the 10-nanometer mining chipset jointly developed by Samsung/Innosilicon, which has been integrated with Coolisys' highly-efficient power system. The AntEater is an ASIC Bitcoin crypto-miner designed to operate faster while emitting less heat than any other similarly dedicated miner currently available. Innosilicon and Coolisys are both ISO 9000 certified companies, providing consumers comfort knowing that both companies have met mandated quality and production standards for their respective products and services. Each AntEater has a 1-year service warranty supported by Coolisys' new service center located in Fremont, CA.

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. 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 chineseinvestors.com Inc. financial news dissemination and PR services, FinancialBuzz.com expects to be compensated three thousand dollars by the company. 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 has signed a two-year agreement with Chineseinvestors.com Inc. for one hundred thousand restricted common shares for continued financial news dissemination and PR services. 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