Cryptocurrency Markets Rise; Stocks in the News - SponsorsOne (CSE: $SPO.C; Frankfurt: 5SO), Acacia Research Corporation (NASDAQ: $ACTG), HashChain Technology (TSXV: $KASH.V; OTCQB: $HSSHF)
Cryptocurrency Markets Rise; Stocks in the News -
SponsorsOne (CSE: $SPO.C; Frankfurt: 5SO), Acacia Research Corporation (NASDAQ:
$ACTG), HashChain Technology (TSXV: $KASH.V; OTCQB: $HSSHF)
Point Roberts WA, Delta BC
- February 15, 2018 - Investorideas.com,
a leader in Blockchain content with its Bitcoin and blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com
and Blockchaininvestorideas.com
reports on recent news and developments for investors following the sector.
A recent bullish HTF Market Intelligence
headline, ‘Cryptocurrency Market to Set Phenomenal Growth from 2018 to 2022’
seemed to signal the turnaround in the trading trend in the past day that saw
bitcoin and litecoin prices break through. Another
source saying “The global cryptocurrency market was valued at US$ 574.3 mn and
is expected to reach US$ 6,702.1 mn by 2025, expanding at a CAGR of 31.3%
during the forecast period from 2017 to 2025” may give investors short term
confidence of a bottom following the recent crash in the sector.
SponsorsOne
Inc. (CSE:
SPO)
(Frankfurt:
5SO)
recently announced ‘SponsorsOne’s Cryptocurrency SponsorCoin Now Exchangeable into Bitcoin
and Ethereum’. The company
reported that the SponsorsCoin
digital wallet will now facilitate the automatic, real-time conversion of
SponsorCoin into Bitcoin, Ethereum and many other popular cryptocurrencies that
trade internationally.
"Providing liquidity outside the
SponsorsCloud for our Brand Communities has always been our goal," states
Myles Bartholomew, CEO of SponsorsOne. "The conversion will be 100% cash
backed and as an audited public company the cash held in reserve will be fully
reported on our balance sheet."
The SponsorCoin digital wallet will show,
in real time, the exchange value of Bitcoin, Bitcoin Cash, Ethereum, Litecoin,
Ripple, Dash and other currencies based on the current exchange prices around
the world. With one click users can exchange their SponsorCoins into any of the
supported blockchain crypto-currencies.
Each exchange is supported with USD or CAD
held on SponsorsOne's balance sheet in a segregated account and reported
quarterly through an audit report. This cash reserve is built up from the
revenue generated through successful marketing campaigns that lead to sales
directly with brands that contract with SponsorsOne. SponsorsOne earns 20% of
revenue generated from brand sales and will set aside 10% (2% of sales) of
revenue as a cash reserve. Exchanged SponsorCoins will be returned back to
SponsorsOne's account for allocation back to the contracted brands supporting
further smart marketing campaigns and ongoing revenue generation.
HashChain
Technology Inc.’s (TSXV:
KASH;
OTCQB: HSSHF) management team opened the trading
day for the TSX Venture Exchange (TSXV) on February 14th.
"Opening the market is an excellent
opportunity to reflect on the significant execution of the company's strategies
and the accomplishments we have achieved since being listed on TSXV in December
2017," said Patrick Gray, CEO and Founder of HashChain. "We met our
ambitious goals by aggressively expanding mining operations as well as growing
the company beyond mining to include other important blockchain technologies
like NODE40. By the end of February 2018, HashChain will have grown from 100 to
870 operational mining rigs across our Vancouver and Montana data centers, for
a total of 1.3 megawatts (MW) of cryptocurrency mining in ideal conditions to
maximize return on investment. The company also previously announced the
signing of the definitive agreement with NODE40 to acquire 100% of NODE40
assets on January 30, 2018 and the parties are proceeding with closing the
acquisition in the coming days. NODE40 provides masternode hosting as well as a
software-as-a-service blockchain accounting solution, allowing coin holders to
simply and accurately report all past transactions of Bitcoin, Bitcoin Cash,
Ethereum, Litecoin and Dash. It is a step forward as we pivot from mining to a
blockchain company."
Gray continues, "The company is poised
to continue this momentum with the payment for an additional 3,000 rigs,
expected to be operational in the coming months for a total of 5.8 MW of power
devoted to mining by middle of this year. The company will also continue to
explore new opportunities to diversify our investments in blockchain
technology, as we have accomplished with the signing of the definitive
agreement with NODE40."
Acacia
Research Corporation (NASDAQ:
ACTG)
announced yesterday that it has entered into a Joint Venture and Services
Agreement (“Joint Venture Agreement”) with Bitzumi, Inc., a company developing
macro opportunities in the cryptocurrency and blockchain industries, including
a next generation decentralized exchange. Bitzumi recently filed a Regulation A
Offering Statement with the Securities and Exchange Commission and a listing
application with NASDAQ.
Acacia has completed an initial $1 million
equity investment in Bitzumi. Under the Joint Venture Agreement, Acacia will
provide various patent-related services to Bitzumi and has the option to invest
up to an additional $9 million to acquire Bitzumi common stock. Pursuant to
Acacia’s initial investment, Acacia received a short-term warrant to purchase
$4 million in Bitzumi shares and under the Joint Venture Agreement, Acacia has
a right to acquire up to an additional $5 million of Bitzumi shares at a price
of $2.50.
Acacia’s investment in Bitzumi represents
Acacia’s first investment into the cryptocurrency and blockchain marketplaces.
For a list of blockchain stocks visit:
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