Popularity of Initial Coin Offerings are Helping to Drive Blockchain Growth

NEW YORK, July 18, 2018 /PRNewswire/ --

According to a report published by Global Market Insights, the Blockchain market size is expected to surpass USD 16 Billion by 2024. Increasing investments by venture capitalists, the growing trend of Initial Coin Offerings (ICOs) and the rising applications in various industries are the main drivers of the market. Investment spending in Blockchain start-ups reached approximately USD 1 Billion in 2017, up from USD 545 Million spending in 2016. The number of deals also increased significantly to more than 185 deals in 2017 from 135 deals in 2016. Glance Technologies Inc. (OTC: GLNNF), Riot Blockchain Inc. (NASDAQ: RIOT), Tapinator Inc. (OTC: TAPM), Black Cactus Global Inc. (OTC: BLGI), HIVE Blockchain Technologies Ltd. (OTC: HVBTF)

The report indicated that ICOs provide investors an early access to the potential blockchain protocols and applications. Blockchain companies have raised more than USD 2 Billion through over 250 ICOs in 2017. According to the End-use perspective, the BFSI sector holds more than a 60% share in the blockchain market, while the healthcare and the government sectors are expected to witness rapid growth. The government sector is expected to grow at a compound annual growth rate of over 85% during the forecast years as the blockchain technology increases the efficiency and reduces the cost for processing transactions.

Glance Technologies Inc. (OTCQB: GLNNF) is also listed on the Canadian Securities Exchange under the ticker (CSE: GET). Yesterday, Glance Technologies Inc. and BIG Blockchain Intelligence Group Inc. ("BIG"), a leading developer of Blockchain technology search, data analytics solutions jointly announced that, "they have entered into a Strategic Alliance Agreement (the "Agreement")

Under the terms of the Agreement, BIG and Glance will work together to:

(a) establish a mutual referral and strategic marketing relationship;

(b) further explore ways to work together; and

(c) collaboratively market and promote the businesses of both BIG and Glance.

BIG brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUE™, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. BIG's commercial product, BitRank Verified™, offers a "risk score" for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Big's Forensic Services Division brings its team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to its user-friendly search, risk-scoring and data analytics tools.

BIG developed BitRank Verified™ to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank Verified™ offers the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified™ and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities."

"We're excited to explore the strategic ways we can work with Glance to the mutual benefit of both companies," said BIG CEO, Lance Morginn. "Glance's current work on developing Glance Coin as a rewards-based cryptocurrency to be integrated into their platform could be a natural fit with the tools and services BIG offers. In the case of Glance Pay, there could be possibilities of cross-integrations or introductions to potential clients as Glance has significant licensing agreements in place with companies in markets ranging from cannabis to fitness and wellness, and foreign students and tourism. We look forward to working with Desmond and the team of experts at Glance."

Desmond Griffin, CEO of Glance commented: "I see this agreement as just the beginning of working with BIG to position both our companies front and center in the global market. As the co-founder of a previous company that processed tens of millions of mobile payments for millions of consumers in 100+ cities around the world, I know you can only build a global presence and client base through this type of partnership and collaboration. We will accomplish so much more by working together. My team and I welcome the opportunities and the chance to work with BIG's team in the days to come."

Riot Blockchain Inc. (NASDAQ: RIOT) is focused on building, supporting, and operating Blockchain technologies, primarily through its cryptocurrency mining operations and other internally developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Riot recently announced its unaudited cryptocurrency mining production yield for the month of June 2018. The Company produced approximately 117 Bitcoins during June, including the BCash that was mined and converted to Bitcoin throughout the month. The Company also produced approximately 290 Litecoins. The June production brings the Company's total unaudited yield for the 2nd quarter to 348 Bitcoins (including converted BCash) and 318 Litecoins. Riot utilized a daily average of approximately 6,236 cryptocurrency ASIC miners during the month of June. The Company presently has about 8,000 cryptocurrency ASIC miners deployed utilizing approximately 11.5MW of energy capacity

Tapinator Inc. (OTCQB: TAPM) develops and publishes mobile games and applications on the iOS, Google Play and Amazon platforms. Recently, the Company provided a general product line update and an overview of recent and upcoming product launches. The Company continues to have significant conviction regarding its Full-Featured Games and Applications business. The Company's goal for its Full-Featured business is to create franchise-type products that are evergreen in nature. In order to accomplish this goal, the Company understands the need to develop products that achieve customer lifetime values (LTVs) that exceed the customer acquisition cost, at scale. The Company has been able to achieve this, at certain download volumes, for two products: Video Poker Classic and Solitaire Dash. The Company believes that, in 2018, it will be able to improve core metrics and scale both of these games via marketing, as well as launch new products that can join Video Poker Classic and Solitaire Dash as Forever Franchises. In January of this year, the Company also announced the creation of a new subsidiary to develop and publish distributed apps and games that leverage blockchain technology. Since then, the Company has launched two fully functioning products, Dark Winds and BitPainting.

Black Cactus Global Inc. (OTC: BLGI) is a technology development company with a focus on Blockchain, machine learning, cryptocurrency, and the Internet of Things. The Company recently announced that it has secured up to USD 3.6 Million in funding for its India based Blockchain development subsidiary, Black Cactus Global Technologies Pvt. Limited ("BCG-TPL). The Company's BCG-TPL Blockchain team has been achieving significant milestones at its Development Center in the burgeoning 'Fintech Valley' of Visakhapatnam, India. The state-of-the-art Vizag Development Center is expected to be fully staffed by mid to late summer to accommodate projected new business, and the Company is planning to develop a second Operations Center in 2019 at the Tech-hub of Hyderabad, India. Chairman Harp Sangha commented, "We are extremely grateful to the Board for both this financial backing and the vision for aggressive growth of the Company. Our management, design team and Development Center are all world class and will enable us to deliver Blockchain-based technology platforms and services around the globe. Our planned operation in Hyderabad will put us right in the heart of cyber-central and will provide a powerful opportunity to add to our relationships and build our brand as the leader in Blockchain Technology."

HIVE Blockchain Technologies Ltd. (OTC: HVBTF) is a growth-oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE recently announced its financial results for the three and twelve months ended March 31st, 2018 on Wednesday. Highlights include: In January 2018, HIVE Blockchain successfully operationalized 6.8 Megawatt ("MW") of capacity with the launch of Sweden Phase 1; In March 2018, the Company announced the acquisition of Kolos Norway AS in Norway, which provides significant expansion opportunities to the Company; Since the commencement of mining in September 2017 until March 31, 2018, HIVE Blockchain mined over 17,000 Ethereum coins, and 54,000 Ethereum Classic coins; Subsequent to quarter end, the Company doubled production by bringing Sweden Phases 2 and 3 online which results in total mining capacity in Sweden of 20.4 MW and brings overall mining capacity to 24.2 MW. "HIVE Blockchain continues to execute on its strategy of expanding mining capacity within stable jurisdictions with access to green, low-cost power and high-speed internet." said Harry Pokrandt, Chief Executive Officer and Director of HIVE.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Glance Technologies Inc. financial news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

For further information:
Media Contact: info@financialbuzz.com
Tel: +1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com