Bitcoin had gained 157% year-to-date and dominated the cryptocurrency market with $43 billion market cap. Another digital currency, Ethereum, also skyrocketed this year. The price of Ethereum hit a new record high of $250 a coin on Sunday, with an increase of more than 2800% this year. Ethereum is now the second-most popular cryptocurrency.
According to the data from Coinmarketcap.com, the total cryptocurrency market cap reached $96.5 billion this year.
Gatecoin, a regulated cryptocurrency exchange, noted there is a lot of fresh liquidity flowing into bitcoin, thanks to a surge in interest among investors in Asia, notably Japan and Korea, coupled with a resolution to the scaling debate. The Company would not be surprised to see the bitcoin price doubling again to around $6000 by the end of the year.
SinglePoint announced its initiative to develop a bitcoin payments solution in partnership with First Bitcoin Capital. The two companies signed a Joint Venture agreement to develop and distribute a viable payments solution using block chain technology. First Bitcoin Capital is a Bitcoin and blockchain technology provider.
As the cannabis industry continues to evolve, SinglePoint and First Bitcoin Capital are committed to initiatives to identify and develop solutions that enhance the success of the cannabis industry and participating businesses.
MGT Capital Investments announced in May that it has closed on financing to allow the Company to materially ramp up its Bitcoin mining operations.
As the cannabis industry continues to evolve, SinglePoint and First Bitcoin Capital are committed to initiatives to identify and develop solutions that enhance the success of the cannabis industry and participating businesses.
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