Recent News in the Cryptocurrency and Blockchain Markets

PALM BEACH, Florida, January 17, 2018 /PRNewswire/ --

Increasing adoption of cryptocurrency and blockchain technology boosted the cryptocurrency market in 2017. According to data from Coinmarketcap, the total market capitalization of all cryptocurrency was valued at about 542 billion on Tuesday. Despite the recent decline, the prices of the major cryptocurrencies have witnessed significantly growth since the start of 2017. The blockchain technology market is also expected to grow rapidly. According to a report from Transparency Market Research, the global blockchain technology market was valued at US$315.9 million in 2015 and is expected to reach US$20 billion by the end of 2024. During the forecast years of 2016 and 2024, the global market is expected to rise at a CAGR of 58.7%. Carl Data Solutions, Inc. (OTC: CDTAF), Digital Power Corporation (NYSE: DPW), BTL Group Ltd. (OTC: BTLLF), NXT-ID, Inc. (NASDAQ: NXTD), Long Blockchain Corp. (NASDAQ: LBCC)

The increasing development of cryptocurrencies and blockchain technology is one of the factors that drive the cryptocurrency market. On Thursday, money-remittance firm MoneyGram and ripple announced partnership on testing the use of ripple's token for international payments. Brad Garlinghouse, CEO of Ripple, said: "The inefficiencies of global payments don't just affect banks, they also affect institutions like MoneyGram. Money transfer companies are incredibly important because they help people get money to their friends and loved ones."

Carl Data Solutions, Inc. (OTC: CDTAF) listed on the Canadian Securities Exchange under the trading symbol "CRL". Earlier today the company announced breaking news in the cryptocurrency and blockchain space that it, "has signed a service agreement with Connected Fintech Inc. ("Connected") that includes the building of cryptocurrency mining facility; the development predictive analytics and operational metrics for cryptocurrency mining; and the development of breakthrough machine to machine (M2M) transactional capabilities.

Carl Data intends on mining the primary cryptocurrencies including: Bitcoin, Bitcoin Cash, Ethereum and Dash. This mining facility will include both GPU (Ethereum) and the most current ASIC machines to provide versatily allowing several dozen different coins to be mined. Based on current cryptocurrency prices, the Company anticipates that the investment will add gross revenues of $250,000 to Carl Data's annual revenues. Jay Yu, President and CEO of Connected, "We are excited to partner with Carl Data Solutions in helping them enter the rapidly growing space of cryptocurrency mining and the development of integrating blockchain into the IIoT (Industrial Internet of Things). Connected Fintech is in the process of building out the required infrastructure and hardware needed for Carl's cryptocurrency mining, both offsite and within a portion of Carl's facilities. Cryptocurrency mining is beginning to experience a significant shift into Canada and this mutually beneficial partnership provides long term strategic value for both companies. Carl Data will have the ability to target and mine the most profitable coins (generally Bitcoin and Ethereum). Bitcoin can also be used to purchase other coins as a means to diversify its cryptocurrency portfolio, while also maximizing the amounts accumulated. With application of predictive analytics and machine learning this will be a great opportunity to develop more Fintech specific technological knowledge, while providing an additional revenue stream."  

Currently, Carl Data works with a variety of devices, sensors and data sources that are all connected to the IIoT. After working closely for years with hardware vendors, the Company knows the technological needs of the newly emerging data economy. Smart devices and machines will communicate directly - machine to machine (M2M) - to improve operational efficiency, and provide solutions such as Smart Contracts. Carl Data intends to continue to develop the latest and most effective technology in the IIoT space, through their expertise with AI, machine learning and predictive analytics.

Greg Johnston, Carl Data's President and CEO, commented, "Data marketplaces are already being built by companies like Accenture and Microsoft. There is even already a dedicated crypto currency for IIoT, IOTA. Our development and acquisition strategy is to add complimentary technologies to provide our customers with the best technology available. We are continuing this commitment through our partnership with Connected Fintech."

Digital Power Corporation (NYSE: DPW), through its subsidiaries, designs, manufactures and sells high-grade customized and off-the-shelf power system solutions. On December 13, 2017, the company announced that it has launched a new business division dedicated to the mining of cryptocurrencies. The Company's initial strategy is to mine the top ten cryptocurrencies including Bitcoin ("BTC"), Ethereum ("ETH"), Bitcoin Cash ("BCH"), Litecoin ("LTC"), Dash ("Dash") and Monero ("XMR"). To lead the launch and development of the cryptocurrency mining endeavors, the Company has entered a management services agreement with IMG Networks ("IMG") of San Diego to establish a series of digital mining farms worldwide with a goal of developing a network of over 10,000 digital mining machines.

BTL Group Ltd. (OTC: BTLLF) is an enterprise technology platform provider that is developing Interbit, a proprietary third generation blockchain platform. Via Interbit, BTL can help companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. On October 17, 2017, the company announced that it has filed patents on its enterprise blockchain platform Interbit(TM). Interbit is a third generation blockchain platform with unique 'connecting' capability developed by BTL after it became apparent that second generation blockchains would not scale to meet enterprise demands as the technology matures. BTL confirmed through pre-commercial and confidential beta testing that its Interbit platform consistently exceeds customers' requirements in many sectors, including finance and energy.

NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). On December 20, 2017, the company's wholly owned subsidiary Fit Pay, Inc.  and Cascade Financial Technology Corp announced an agreement for the joint development of a platform that gives cryptocurrency holders the ability to use the value of their currency to make purchases at millions of retail locations worldwide. The new platform will enable devices with stored value exchanged from cryptocurrency to be used for traditional payment transactions. Under the agreement, which is an extension of a current relationship between FitPay and Cascade, the two companies will collaborate to create a platform that seamlessly transfers cryptocurrency value into widely accepted forms of payment and stores that value on devices capable of making contactless payments. This will give cryptocurrency holders the ability to make transactions with value derived from cryptocurrency at any near field communication-enabled point of sale terminals.

Long Blockchain Corp. (NASDAQ: LBCC) is focused on developing and investing in globally scalable blockchain technology solutions. Long Blockchain Corp. announced on January 16th, that it has entered into a letter-of-intent with Stater Blockchain Limited ("Stater"), a technology company focused on developing and deploying globally scalable blockchain technology solutions in the financial markets. Stater's wholly-owned subsidiary, Stater Global Markets, is a Financial Conduct Authority (FCA) regulated brokerage that facilitates market access across multiple instruments including spot FX, digital currency futures and contracts for difference (CFDs).  Philip Thomas, Chief Executive Officer of Long Blockchain, commented, "We are excited to announce this potential milestone event for the Company. Stater has been making investments to build its cryptocurrency platform and blockchain solutions, and we look forward to combining our efforts in this transformational partnership.  Our ultimate goal is to build a portfolio of investments that touch multiple points in the blockchain ecosystem and this transaction would be an important step in that direction."

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