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October 20, 2017         By: Payment Week

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NEW YORK, October 20, 2017 /PRNewswire/ — Bitcoin bounced back on Thursday after the cryptocurrency fell to a low of $5,100 in the antecedent trading session. According to abstracts from CoinDesk, the amount of bitcoin rose 1.66 percent to $5,664.64during Thursday. Bitcoin is the better cryptocurrency by bazaar capitalization, which afresh hit an best aerial of $5,856 aftermost anniversary and additional by accretion absorption for the investors in the agenda currency. According to Cryptocoinsnews, Bitcoin’s trading volumes added in Japan, South Korea and added markets. The Japanese markets accounted for about 38% of all bitcoin volume, while the U.S. bazaar has 30% and the South Korean holds addition 12%. All-around Blockchain Technologies Corp. (OTC: BLKCF), Bitcoin Advance Trust (OTC: GBTC), Riot Blockchain Inc (NASDAQ: RIOT), MGT Capital Investments, Inc. (OTC: MGTI), Overstock.com, Inc. (NASDAQ: OSTK)

In May, Australia alien legislation to end the bifold tax on Bitcoin and added cryptocurrencies. Australia afresh appear that the bill will be activated from July 1, 2018. According to a absolution apropos the end of taxation standard, “Currently, consumers who use agenda bill can finer buck GST twice: already on the acquirement of the agenda currency, and already afresh on its use in barter for added appurtenances and casework accountable to the GST. The bill will ensure that Australians are no best answerable GST on purchases of agenda currency, acceptance it to be advised the aforementioned way as concrete money for GST purposes.”

Global Blockchain Technologies Corp. (OTC: BLKCF) additionally listed on the TSX Venture Barter beneath the ticker attribute ‘BLOC’. On October 18th, the aggregation appear that, “it has sponsored Monage Money Summit, a appointment focused on the badge economy, ICOs (initial bread offerings), and the approaching of money as it undergoes accelerated change with evolving crypto technologies. All-around Blockchain is an advance aggregation that enables investors to admission a bassinet of crypto holdings, counterbalanced amid dejected dent cryptocurrencies (such as Bitcoin and Ethereum), abate cap cryptocurrencies, and new crypto/blockchain technologies that are accounted to acquire cogent advancement potential. As a broad-scope actor in the blockchain ecosystem, All-around Blockchain agilely embraces the befalling to sponsor this groundbreaking industry conference.

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The Monage Money Summit is founded by technology luminary Jeff Pulver (also an adviser to All-around Blockchain). It is set to be the arch accident for investors to apprentice about accessible and able badge sales, as able-bodied as blockchain startups that angle to be key players in the badge economy.”

“As an administrator who aboriginal started in the VoIP industry, I’ve accepted Jeff Pulver for added than a decade and witnessed how he helped adhere the VoIP startup industry through the Vonage alternation of conferences, which acquired into actuality the arch belvedere for analogous VoIP startups with investors,” says Shidan Gouran, President of All-around Blockchain. “I acquire Monage will abound to accepting the aforementioned aftereffect in the blockchain sphere. Our accommodation to sponsor Monage Money Summit is one that enables exploration, and provides an advancing appointment for beat startups attractive to agitate the media industry by application blockchain technologies. It is allotment of our mission to facilitate advance in the apple of crypto technologies, and we acquire that this appointment is the absolute ambience to get abundant things started.”

“Quite simply, blockchains and cryptocurrency tokens are a breakthrough apprenticed in the change of marketplaces, alike transforming assorted forms of amusing media and communications networks which were already unmonetizable,” says Jeff Pulver. “With new business models apprenticed by badge economics, accumulated with AI, these technologies will be the active force for a continuing Internet revolution. Companies such as All-around Blockchain are defining this future. We are captivated to acquire them accompany us as allotment of our accumulated charge to growing the blockchain ecosystem.”

Bitcoin Advance Trust (OTCQX: GBTC) enables investors to accretion acknowledgment to the amount movement of bitcoin through a acceptable advance vehicle, after the challenges of buying, storing, and administration bitcoins. Grayscale Investments, LLC, the sponsor of the Bitcoin Advance Trust, which enables investors to accretion acknowledgment to the amount movement of bitcoin through a traditional investment vehicle, after the challenges of buying, storing, and administration bitcoins.

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Riot Blockchain Inc (NASDAQ: RIOT) leverages its adeptness and arrangement to body and abutment blockchain technology companies. The aggregation afresh afflicted their ticker attribute has afflicted from ‘BIOP’ to ‘RIOT’. “We are admiring to activate trading beneath the new RIOT attribute as we transform into a cardinal broker and abettor of blockchain technologies,” said Michael Beeghley, CEO of Riot Blockchain. “We appetite our aggregation name, attribute and mission to actualize the confusing attributes of this acreage and our charge to the change of agenda transactions.”

MGT Capital Investments, Inc. (OTCQB: MGTI) afresh appear that their bitcoin mining operations are accepted to accomplish over $2.0 million in account revenue, bold contempo appraisement and adversity rates. Factoring in administration fees, accumulation sharing, electricity, hosting and added absolute operating costs, EBITDA from the Company’s Bitcoin mining operations is projected at $1.1 million per month.  The Aggregation expects all rigs appear to date to be operating during the aboriginal division of 2018. We acquire been active at alarming acceleration to accomplish a abundant amplification of our Bitcoin mining footprint, and it’s time for a absolute summary,” stated Stephen Schaeffer, President of the Company’s Crypto-Capital Strategies business unit. “The accomplishment appropriate to adeptness our accepted akin is not trivial. The adeptness to calibration our operations requires analogous the accretion of supply-constrained rigs, massive ability requirements, abundant ecology and controls, and the like. This success is far from a bung and comedy endeavor. We are actual appreciative of the activity of the absolute MGT team.”

Overstock.com, Inc. (NASDAQ: OSTK) appear beforehand this summer that it has partnered with ShapeShift. The affiliation will acquiesce Overstock barter to use all the above cryptocurrencies, including Ethereum, Litecoin, Dash, Monero, and the new Bitcoin Cash, to buy online from the store’s alternative of about 4 actor products, including, furniture, accessories, bedding, décor, rugs, DIY, and more. ShapeShift CEO Erik Voorhees explained, “Overstock’s continued history with bitcoin and blockchain technology demonstrates their charge to innovation. The ShapeShift aggregation could not be added aflame for this affiliation and are admiring our technology will be allowance the abutting bearing of Overstock customers.”

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