Value of Cryptocurrencies Break Into Record Territories

NEW YORK, October 16, 2017 /PRNewswire/ --

Bitcoin continued its rally on Friday and hitting yet another all-time high. During last Friday's morning trading session, the price of the digital currency rose above $5,800 for the first time ever according to data from CoinDesk. Increasing investor's interest in the cryptocurrency market attributed to the surge in bitcoin price. The price of bitcoin jumped about 30 percent last week and has gained 480 percent year-to-date. Recent fear on a crackdown in digital currency trading in China sent the bitcoin price to fall sharply in mid-September. However, the price of bitcoin has bounced back quickly as other Asian countries such as Japan and South Korea showed support in cryptocurrencies trading. Chineseinvestors.com, Inc. (OTC: CIIX), Digatrade Financial Corp. (OTC: DIGAF), Global Arena Holding Inc. (OTC: GAHC), MGT Capital Investments, Inc. (OTC: MGTI), Riot Blockchain Inc. (NASDAQ: BIOP).

The cryptocurrency market is experiencing rapid growth this year. According to data from CoinMarketCap, the total market capitalization for all cryptocurrencies reached $174 billion. Bitcoin has a market value of $95 billion, accounting for over 54 percent of the total market. Other cryptocurrencies have also been trading higher this year. Ethereum, the second largest cryptocurrency by market cap, jumped 12.22 percent to $341.51 during last Friday's trading session. Ethereum has gained nearly 3900 percent this year.

Chineseinvestors.com, Inc. (OTCQB: CIIX) announced on October 11th announced that "the Company has launched the first cryptocurrency daily video newscast in the Chinese language, entitled Bitcoin Multimillionaire, broadcast from the NYSE. The video newscast covers timely information and analysis regarding all aspects of the emerging digital currency world, including specific cryptocurrencies, such as Bitcoin and Ethereum, industry trends, price movement, blockchain technology, and sector-related stocks and ETFs listed on major exchanges and the OTC market."

"Many Chinese investors are seeking information and education related to the cryptocurrency sector," says Warren Wang, Founder and CEO of CIIX. "Moreover, in response to the growing popularity of cryptocurrencies and ICOs, governments around the world, including but not limited to, the United States, China, Japan, South Korea and Switzerland are weighing in and/or enacting regulatory policies regarding cryptocurrencies and ICOs. In the United States, Goldman Sachs Group Inc. recently announced that it is considering a new trading operation dedicated to bitcoin and other digital currencies."

In addition, CIIX also has plans to launch a new cryptocurrency website under the domain name newcoin168.com to serve Chinese cryptocurrency investors. The site, expected to launch next month, will endeavor to be a leader in digital media and cryptocurrency and blockchain technology education providing straightforward explanations of cryptocurrency basics, trading guidelines, real-time market commentary and analysis regarding currency mining, blockchain technology, industry hotspots, sector-related stock trends and ETFs, and other strategies and opportunities to capitalize on the bitcoin market.

"After the recent launch of our Bitcoin Multimillionaire daily video newscast, the Company has decided to further expand its presence in the digital currency sector," says Wang. "Similar to U.S. stocks, as the price of digital currency, such as Bitcoin, continues to increase, Chinese people all over the world are taking notice and seeking access to timely information regarding market trends, news, and analysis. We look forward to being the premier source for this information."

Digatrade Financial Corp. (OTCQB: DIGAF) is a digital asset exchange, blockchain development and fintech advisory services company. On September 28, 2017, the company announced the execution of a Letter of Intent "LOI" for its Initial Coin Offering "ICO" with No Limits Consulting Limited based in Hong Kong. As previously announced Digatrade is currently integrating the Ethereum Coin "ETH" onto the Digatrade platform to enable Digatrade customers and shareholders first access to register for the token release. Interested subscribers for the ICO would be able to purchase ETH paired with BTC and subsequently subscribe for the Digafund (ERC20) token on an already established, safe and secure trading platform. Brad Moynes, CEO of Digatrade stated, "We are very pleased to have executed a digital corporate finance LOI agreement with the ANX group who recently completed the OpenANX token release with total token sales equivalent to US$18.5m".

Global Arena Holding Inc. (OTC: GAHC) is a holding and technology development company. The company focused on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology. On August 17, 2017, the company announced that after months of development and testing, the Company's subsidiary, Global Election Services, Inc., is proud to announce the implementation of new proprietary software and hardware to utilize in ballot scanning during the tabulation process.

MGT Capital Investments, Inc. (OTCQB: MGTI) ranks as one of the largest U.S. based Bitcoin miners. Further, the Company continues to focus on an expansion model to grow its crypto assets materially. Recently, the company announced that it has executed a new purchase order with Bitmain Technologies for an additional 2,000 S9 Antminer mining rigs, with shipment expected by the end of fourth quarter 2017. Funds for the large order were provided by institutional investors though agreements whereby MGT will manage the mining operations and receive a management fee as well as a share of the profits. This financial arrangement creates downside protection for the Company while still providing strong economic upside leverage. Stephen Schaeffer, President of MGT Crypto-Capital Strategies, stated, "We believe having a mix of fully-owned and investor-owned mining rigs will allow us to appreciably expand our crypto currency footprint with less equity dilution. We plan to shortly update the investment community and shareholders with further details."

Riot Blockchain Inc. (NASDAQ: BIOP) leverages its expertise and network to build and support blockchain technology companies. Recently, the company announced it has made a strategic investment in Coinsquare Ltd., one of Canada's leading exchanges for trading digital currencies. This investment into a blockchain-focused company is indicative of similar opportunities Riot Blockchain plans to pursue, including possible acquisitions of businesses serving the blockchain ecosystem. "At Riot Blockchain, our team has the insight and network to effectively grow and develop blockchain assets," said Michael Beeghley, Chief Executive Officer of Riot Blockchain.

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