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Bitcoin Price Steady Amidst Global Stock Market Sell-off

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The price of bitcoin held steady in recent weeks despite the global stock market sell-off. According to data from Coinmarketcap, the price of bitcoin, the largest cryptocurrency by market capitalization, was trading at around USD 6,318.98 during Monday’s trading session. The total market cap of all 2070 cryptocurrencies was about USD 202 Billion. Blockchain technology and cryptocurrency have been increasingly adopted by the financial industry in recent times. And, according to a research report from IBM, a wholesale central bank digital currency may lead to significant improvements in efficiency, speed, resilience and lower the cost with existing payments systems. Netcoins Holdings Inc. , Overstock.com, Inc. , Grayscale Investments, LLC, GAIN Capital Holdings, Inc. , Pareteum Corporation.

According to Nigel Green, the Founder and Chief Executive at DeVere Group, the crypto market is likely to expand by at least 5000% in the next 10 years. Nigel Green said: “Bitcoin is what kickstarted the crypto revolution and it has changed the way the world handles money, makes transactions, does business, and manages assets, amongst other things, forever.  It all began with Bitcoin… However, whilst I don’t wish to rain on anyone’s parade, I believe that Bitcoin’s influence and dominance of the cryptocurrency sector will drastically reduce in its second decade…The pace of mass adoption will speed-up and the cryptocurrency market cap can reasonably be assumed to reach at least 5000 per cent above its current valuation over the next decade.”

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Netcoins Holdings Inc. is listed on the Canadian Securities Exchange under the ticker (CSE: NETC). Last week, the Company announced breaking news that, “it has listed Steem, available for purchase effective immediately, via our OTC Private Brokerage Services business and our 21000+ retail locations in AustraliaEurope and Canada. Steem is the 13th in a series of altcoins and tokens to be listed by Netcoins.

Steem is an application-specific blockchain tailored for fast, functional social and content-based decentralized applications. Because of its zero fees and near instant transaction confirmation times, a growing number of third party developers leverage the Steem blockchain for distributed content management and autonomous token distribution.

STEEM is the cryptocurrency that powers the Steem blockchain protocol. STEEM is distributed to content creators across dozens of applications via what is called “stake weighted” voting, which rewards content creators who receive the most likes or upvotes.

“Steem’s most valuable resource is our community, and it was incredible to see the community come together to vote for STEEM in the Netcoins listing contest,” said Ned Scott, CEO of Steemit Inc. “We are grateful to all who voted for us and very excited to now see STEEM listed on Netcoins.”

“First, I’d like to congratulate Steem and their community for winning our coin listing contest. It was an extremely tight race, and the Steem community did an incredible job coming together to secure the top spot,” said Netcoins CEO Mark Binns. “Netcoins is very excited to help bring STEEM to a wider audience, and to further help its existing community access the token through our retail network and OTC desk.”

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Overstock.com, Inc. is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. Overstock.com, Inc. recently announced that its blockchain-meets-property rights subsidiary, Medici Land Governance, has signed a Memorandum of Understanding (MOU) with Trevor Kaunda, Permanent Secretary of the Ministry of Land and Natural Resources in Zambia, to develop a program for systematic land governance within the country. As part of the MOU, MLG has agreed to deliver to the Ministry certificates of title in digital and printed form by November 30th, 2018 to serve as proof of concept for a systematic, streamlined process to scale up the country’s land titling program. Plans for the full scope of the project include developing a blockchain-based land titling program that includes a mobile platform and capabilities for mobile payments. The platform will accommodate streamlined regulations and data collection to assist future government decisions around city planning and land use. “In my first public talk on blockchain, 500 Years of Liberalism: From the Netherlands to Cryptocurrency, I spoke about an early application I envisioned for the technology – utilizing it to lower barriers of entry to the global economy by providing secure and decentralized land and property registry. Such a registry would allow individuals across all socioeconomic classes to build equity and leverage it to their benefit, as it has done in the West for generations,” said Dr. Patrick M. Byrne, Chairman of Medici Land Governance and founder and Chief Executive Officer of parent company Overstock.com. “This agreement with the Zambian government is a tremendous leap toward a global economy that achieves trust through technology to the benefit of all people.”

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Grayscale Investments, LLC, established in 2013 by Digital Currency Group, is a trusted authority on digital currency investing. Grayscale provides secure access to the digital currency asset class through its single-asset and diversified investment products, including Bitcoin Investment Trust™ and Digital Large Cap Fund™. Grayscale Investments, LLC recently announced the launch of Zen Investment Trust, a single-asset investment vehicle solely comprised of ZEN, a privacy-focused digital currency. Zen Investment Trust is the eighth single-asset investment product introduced by Grayscale, and the first security solely invested in ZEN. In addition to its single-asset products, Grayscale also manages Digital Large Cap Fund™, a diversified investment product that provides exposure to the top digital currencies by market cap. “The launch of a Zen Investment Trust on Grayscale’s platform marks a significant milestone in the continued global expansion of the Horizen platform and the services we offer,” said Rob Viglione, President and Co-Founder, Horizen. “Grayscale conducts unparalleled research and due diligence on their investment products, striving to offer regulated and professionally managed exposure to the digital currency market for institutional and accredited investors worldwide. Their values align seamlessly with Horizen’s mission to promote the growth of digital currencies, blockchain, and privacy to a diverse and global community.”

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GAIN Capital Holdings, Inc. provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities. GAIN Capital Holdings, Inc. announced earlier this year the launch of Ethereum, Litecoin, Ripple and Bitcoin Cash in the U.K., EuropeAustralia and Singaporeon 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. “The expansion of our cryptocurrency offering provides new opportunities for our clients to trade a variety of digital currencies through an established, regulated firm, without the need for a digital wallet,” commented Glenn Stevens, Chief Executive Officer of GAIN Capital. “Aligned with our strategy to invest in organic growth and enhance our product offering, the addition of Ethereum, Litecoin, Ripple, Bitcoin Cash and additional Bitcoin pairs enhances our crypto offering to include the most popular digital currencies and further differentiates our service, where traders can access over 12,000 markets, including FX, indices, commodities, equities and rates.”

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Pareteum Corporation strives to connect “every person and everything.” Pareteum Corporation recently announced that an established provider of multi-level marketing plans has chosen the Pareteum Global Cloud Service Platform to extend their connectivity options. Pareteum’s Global Cloud Service Platform (GCSP), paired with its Insights Engine and Ethereum Blockchain application capabilities, will enable its newest customer to expand their services and reach larger target audiences. Pareteum’s customer currently offers multi-level marketing and advertising-sponsored mobile services to subscribers. Those subscribers receive remuneration in the form of cryptocurrency settlements that can be applied toward the purchase of added connectivity and usage for their devices. Pareteum’s Insights Engine will collect, analyze, and, via Predictive Analytics, deliver actionable intelligence and reports to more effectively target new subscribers. Pareteum’s GCSP will also provide software services to meter, rate, provision new customers, deliver bills, and collect payments, as an integrated solution for our customer’s business operations. “This established Currency Settlement Provider has chosen Pareteum because of our ability to deliver a solution that will enable them to expand their marketing operations and customer base, without a large cash investment. Utilizing Pareteum’s Insights Engine in conjunction with our GCSP will allow the customer to manage all their service offerings from a single point of delivery,” commented Vic Bozzo, Chief Executive Officer of Pareteum.

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