badge This Week Bitcoin Price Hits $11,000, Etherum touched all time high of $522.31 ~ Tech Siddhi

Thursday, 30 November 2017

This Week Bitcoin Price Hits $11,000, Etherum touched all time high of $522.31

Bitcoin hit another record high on Wednesday. The world's most popular cryptocurrency surged past $11,000 for the first time, even after reaching $10,000 the night before. The recent rally in bitcoin price can be attributed to increasing interests in digital currency for both investors and institutions. According to Bloomberg, Nasdaq Inc. plans to introduce bitcoin futures as early as the second quarter next year, a source with knowledge of the matter said on Wednesday. In October, CME, the world's largest derivatives exchange, also announced the launch of bitcoin future product this year. Glance Technologies Inc. (OTC: GLNNF), HIVE Blockchain Technologies Ltd. (OTC: PRELF), Riot Blockchain Inc (NASDAQ: RIOT), Bitcoin Investment Trust (OTC: GBTC), Inc (NASDAQ: OSTK)

Bitcoin Surged to $11000 this Wednesday, before dropping to below $9500

The cryptocurrency market is experiencing significant growth this year. Bitcoin is up over 900 percent this year. Ethereum, the second largest cryptocurrency by market capitalization, also hit an all-time high of $522.31 on Wednesday, according to CoinDesk. The total market cap of all cryptocurrencies now reached $300 billion. According to CNBC, hedge fund manager Michael Novogratz said on Monday, "Bitcoin could be at $40,000 at the end of 2018. It easily could…Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well."

Glance Technologies Inc. (OTCQB: GLNNF) also listed on the Canadian Stock Exchange under the Ticker 'GET'. Just earlier today the company announced breaking news that, "it has entered into a non-binding LOI to acquire the blockchain and cryptocurrency with rewards tokenization platform Blockimpact from Ztudium Limited, a company founded and led by leading blockchain influencer Dinis Guarda. ranks Mr. Guarda #4 worldwide in Blockchain and Crypto.

The LOI contemplates that Glance will acquire all of the intellectual property comprising the Blockimpact platform in consideration for payment to Ztudium of US$1.1 million, 80% of which will be paid upon closing of the acquisition and 20% of which shall be paid on completion of the integration of Blockimpact with the Glance Pay mobile payment platform. Glance has paid Ztudium US$100,000 towards the purchase price.

Glance intends to utilize the Blockimpact cryptocurrency platform to accelerate the creation of its rewards based cryptocurrency, which is also intended to be implemented on the Glance Pay platform. Glance hopes to complete the Blockimpact acquisition within the next 15 days and then work to integrate the Blockimpact blockchain technology with the existing Glance pay mobile payment network architecture. Completion of the acquisition is subject to the parties negotiating and entering into a binding agreement for the acquisition, on the satisfactory completion of due diligence by Glance, and upon the approval of the transaction by Board of Directors of Glance. Ztudium has agreed to a 30-day exclusivity period during which it will not negotiate the potential sale of Blockimpact other than with Glance.

Closing of the acquisition is further conditional upon Mr. Guarda and other members of the Ztudium management team responsible for the development of Blockimpact entering into a consulting agreement with Glance on terms satisfactory to each of Glance and the Consultants pursuant to which Guarda and the Consultants will assist Glance with Glance's adoption and use of the Blockimpact platform, in planning and executing Glance's planned rewards based cryptocurrency strategy, and by introducing Glance to blockchain experts, influencers and partners.  
"We are selling the Ztudium Blockimpact platform at a significant discount to what we believe is its true value because we are extremely excited about the opportunity to apply our team and technology to the Glance Pay rewards cryptocurrency," says Dinis Guarda, "We feel strongly that there is a large potential for this in the marketplace and we feel the combinations of our teams, technologies, and marketing capabilities are unmatched in the cryptocurrency space today," added Guarda.

The Glance rewards based token will be granted as rewards to users of the Glance Pay mobile payment app every time they spend on the Glance Pay mobile payment network, whether they have paid with the new cryptocurrency or via other payment methods. This strategy is intended to support rapid adoption of the cryptocurrency to a broad range of consumers, although the app will also be marketed to crypto users in leading urban centers. Glance also intends to apply elements of its anti-fraud technology to cryptocurrencies to reduce the risk associated with converting traditional currencies to and from cryptocurrencies…"


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