Bitcoin Prices Rebound Above $9000

NEW YORK, March 22, 2018 /PRNewswire/ --

Bitcoin rose above $9,000 for the first time in a week. According to data from CoinMarketCap, the price of bitcoin rose 3.8 percent to $9,033 during Wednesday trading session. The cryptocurrency market rebounded after regulators said they had a productive discussion on cryptocurrency at a G-20 meeting on Tuesday. The market capitalization of all cryptocurrencies reached 345 billion on Wednesday. G-20 released a statement: "We acknowledge that technological innovation, including that underlying crypto-assets, has the potential to improve the efficiency and inclusiveness of the financial system and the economy more broadly." Netcoins Holdings Corp. (CSE: NETC), Acacia Research Corporation (NASDAQ: ACTG), ChinaNet-Online Holdings, Inc. (NASDAQ: CNET), Block One Capital Inc. (OTC: BKPPF), NXT-ID, Inc. (NASDAQ: NXTD)

Bitcoin is still the largest cryptocurrency by market cap. Bitcoin had a market cap of 151 billion, accounting 43.8 percent of the total cryptocurrency market. According to The Times of London, Twitter and Square CEO Jack Dorsey expected that bitcoin will be the world's "single currency" of the internet in ten years. According to CNBC, Thomas Lee, head of research at Fundstrat Global Advisors, said: "Increasingly, I think investors are comfortable that bitcoin is likely to be viewed as a commodity...Whether regulations change around security tokens and registration, bitcoin sits in its own sphere."

Netcoins Holdings Corp. (CSE: NETC) yesterday announced that it has, "entered into new partnership with VoPay International Inc., an industry leader in global payments, foreign exchange and vouchers. This partnership enables Netcoins customers to purchase up to $1,000 of cryptocurrency in person at over 2,000 retail locations across Canada, which is another huge milestone for bringing crypto to the masses.

This partnership will give consumers access to Netcoins branded vouchers, redeemable on the company's website instantly, at retailers including various Husky gas stations, UPS stores and independent convenience stores."

"Our primary goal at Netcoins is to make cryptocurrencies accessible to the public through in-person purchases in as many quality locations as possible, and our partnership with VoPay does just that," said Netcoins chief executive officer Mark Binns. "With a closely managed network of over 2,000 retail locations Canada-wide, VoPay was a perfect fit for us. We are now in the process of rolling out and getting our point-of-sale marketing material to these locations, expanding our reach and giving Netcoins a more visual presence across the country."

Acacia Research Corporation (NASDAQ: ACTG) announced in February that it has entered into a Joint Venture and Services Agreement with Bitzumi, Inc., a company developing macro opportunities in the cryptocurrency and blockchain industries, including a next generation decentralized exchange. Acacia's investment in Bitzumi represents Acacia's first investment into the cryptocurrency and blockchain marketplaces. Bitzumi is a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace. Bitzumi model is to develop a next generation decentralized exchange while simultaneously developing and acquiring the largest network of crypto and blockchain related digital properties.

ChinaNet-Online Holdings, Inc. (NASDAQ: CNET), a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI (ChinaNet), is an integrated online advertising, precision marketing and data-analysis and management services platform. On January 23, 2018, the company announced it has entered into an agreement with Wuxi Jingtum Network Technology and Ford tree Beijing Blockchain Technology Co., Ltd. to establish a new joint venture company ("new JV") to research and develop blockchain technology and its applications for ChinaNet's blockchain technical and business units. ChinaNet will act as the controlling shareholder leading all aspects of the project. The new JV will be registered in the territory of the People's Republic of China and will be established in early February of 2018. According to the Agreement, Jingtum's Chief Technology Officer and other leading experts will be involved in the establishment of the new JV. The R&D team under the new JV will help ChinaNet design the underlying foundation of unique layered blockchain architecture, develop the cross-chain functionality between the principal and subordinate chains, realize the circulation of certain assets between different chains, design intelligent contract mechanisms to support complex logic, and complete the cloud service model and other important underlying technology. The framework of this platform will have an on-line beta test in February.

Block One Capital Inc. (OTCQB: BKPPF) is an investment company focused on high growth opportunities in the blockchain and digital currency mining sector. Recently, the company announced that its investee company: TG12 Ventures Inc. ("TG12") has commenced mining Bitcoin. After a comprehensive review of the original site in Montreal selected for co-location, TG12 chose to co-locate the mining operation in Montana. The primary factors that led to the change were operational and cost efficiency - the contracted cost of power in Montana will be USD $0.031 per kwH. Furthermore, the facility in Montana has four times more air circulation space allowing for cooler room temperatures, thereby improving the miner's overall efficiency and allowing for significant future scalability.TG12 was able to have the shipment of the miners rerouted to the Montana location ensuring that a setback in commencing mining of Bitcoin did not occur.

NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). In February, the company announced that it is accepting pre-orders for Flip™, a new contactless payment device that will enable cryptocurrency holders to use the value of their currency to make purchases at millions of retail locations. Flip's near field communication (NFC) antenna allows it to transact payments at any retail point of sale location that accepts contactless payments. Flip will store a preloaded amount of U.S. dollars that are exchanged from the user's existing cryptocurrency account. It includes a digital wallet that allows the user to set how much value they would like their Flip to hold and when they would like it to reload. Flip does not need to be charged. Initially, Flip will accept value exchanged from Bitcoin and will potentially expand to other cryptocurrencies in the future.

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