Pareteum Corporation (fka TEUM)

[harthay]

NYSE-listed Pareteum (TEUM) highlighted as an enabler of cryptocurrencies $TEUM
http://www.4-traders.com/PARETEUM-CORP-34151819/news/Pareteum-Cryptocurrency-Market-Consolidates-25896287/
Pareteum : Cryptocurrency Market Consolidates
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01/30/2018 | 03:02pm CET
NEW YORK, January 30, 2018 /PRNewswire/ --

According to CoinMarketCap, the total market capitalizations of all 1498 cryptocurrencies were about $570 billion on Monday. The prices of major cryptocurrencies were trading higher on Sunday as concerns about the increasing trading regulations in South Koran and China eased. According to Coindesk, Bitcoin, the largest digital currency by market capitalization traded at about $11,180 on Monday. Ethereum, the second largest by market cap, traded near $1,178. The market is growing rapidly as institutional interest in cryptocurrency continues to increase. CME and Cboe started to provide bitcoin futures trading in December. Global Blockchain Technologies Corp. (OTC: BLKCF), Pareteum Corp (NYSE: TEUM), On Track Innovations Ltd (NASDAQ: OTIV), HIVE Blockchain Technologies Ltd. (OTC: HVBTF), Recon Technology, Ltd. (NASDAQ: RCON)

Last week, Weiss Ratings, the nation's leading independent rating agency of financial institutions, issued the first letter grades on cryptocurrencies. According to a release, the rating agency gives Bitcoin a "fair" C+ rating, while Ethereum received a better rating of B, due to its readily upgradable technology and better speed. Founder Martin D. Weiss, Ph.D. said: "Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors. However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings can provide."

Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the Canadian Stock Exchange under the ticker symbol 'BLOC'. Last week the company announced breaking news that, "it has entered into an agreement with a turnkey mining operator ("Montana Agreement") to operate Global Blockchain's 6,666 Antminer S9 bitcoin miners, with anticipated delivery commencing in March 2018. (Please refer to the press release dated Dec, 27, 2017.)

"According to industry information this operation should rank very well across competing operations in North-America, once complete," stated Shidan Gouran, President of Global Blockchain. "We are extremely pleased to have been able to find the right partner to operate and monetize our machines and to provide us with the ability to grow into an existing first-rate facility at a large scale of 100 MW."

The Company's industry-leading energy and mining partner has already made 64MW available, the balance available in early Q2. The facilities are located in Anaconda and Butte, Montana, taking advantage of its cool climate, and include a world-class secure data center facility utilizing best of breed technology. Discrete hot and cold aisles support cooling infrastructure with forced air intake along with custom racking designed for maximum density and reducing overall PUE for the facility. Custom software monitors the miners' operating statistics and automatically detects and diagnoses problems in real-time. The facility has exclusive access to an on-site substation allowing for reliable power.

BLOC is examining the purchase of additional Antminer S9s to be delivered in the second quarter of 2018. On site technicians will accommodate the immediate set-up of machines to begin mining upon arrival in late Q1 and early Q2. The Company intends to occupy the entire 100MW of mining capacity.

The Antminer S9 mining rigs being delivered to BLOC include Bitmain's BM1387 chips that are built using TSMC's 16nm FinFET technology. Each chip delivers a impressive 0.098 J/GHs, making it the world's most efficient bitcoin mining chip in the consumer market. Each Antminer S9 employs 189 such chips to deliver higher hashrate and efficiency than any previous bitcoin miner. The Antminer S9 is able to mine any cryptocurrency using the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

"With all the existing investments such as Kodak, Millenial, Breaking Data, Spectra7 and our intention to create and tokenize these and other brands together with their substantial active user communities within GBT, Global Blockchain Mining Corp. represents an independent, highly viable pure play cryptocurrency mining Company with a unique business model differentiated from the other verticals and focuses within Global Blockchain Technologies Corp.", stated Shidan Gouran.

The Company intends to pursue a plan of arrangement to liberate the value in its mining division. Through the arrangement the Company intends to list Global Blockchain Mining Corp, along with all of its mining interests, as a publicly listed Canadian entity.The spinout will be on a one-for-one basis with every share held of Global Blockchain Technologies Corp., entitling the holder to one share of Global Blockchain Mining Corp. The Company has set the annual general and special meeting (the "Meeting") at April 10, 2018. All shareholders as of the record date, March 1, 2018 will be entitled to vote at the Meeting, as well as to the spinout share. The completion of the arrangement and the listing of Global Blockchain Mining will be subject to regulatory approval of this transaction, the approval of shareholders, the Supreme Court of British Columbia, and the CSE, which is not guaranteed."

Pareteum Corp (NYSE: TEUM) announced recently that it has completed development of capabilities to host VoIP/PBX solutions on its Global Cloud Platform (Voice over Internet Protocol, Private Branch Exchange). The new commercial VoIP feature being offered to all Pareteum's Global Cloud customers is synergistic with the existing cloud services platform. These new features enable vertically integrated services that expand Pareteum's addressable market into the merged Mobile and VOIP/PBX services arena; this means your desktop, laptop and mobile device can perfectly mirror your virtual office IP/PBX, anytime and anywhere.

On Track Innovations Ltd (NASDAQ: OTIV) announced earlier this month that accepts cryptocurrency as a way to purchase its innovative cashless payment solutions. A cryptocurrency is an alternative asset designed to work as a medium of exchange and uses cryptography to secure its transactions. "Bitcoin, Bitcoin Cash, Ethereum & Ripple Digital Currencies, amongst other digital currencies, have become the conventional bearer for cryptocurrencies, and we predict it will become a market standard in the future of global payment," says Shlomi Cohen CEO OTI Group "We look to the future with cryptocurrencies and are ready to encourage the purchase of our unique solutions."

HIVE Blockchain Technologies Ltd. (OTC: HVBTF) on January 15th announced the completion of the first phase ("Sweden Phase 1") of a multi-phase build-out of a large-scale GPU-based mining complex in Sweden. HIVE's Sweden Phase 1 operation commenced mining Ethereum on January 15, 2018 and increases the Company's energy consumption dedicated to cryptocurrency mining by over 175% to 10.6MW. HIVE is fully financed to add an additional 13.6MW of GPU mining capacity in Sweden by April 2018 and a further 20.0MW of ASIC mining capacity, facilities capable of mining Bitcoin and Bitcoin Cash, by September 2018. HIVE's expansion into Sweden diversifies the Company's existing operations located in Iceland, where it has been producing newly mined digital currency continuously since September 2017.

Recon Technology, Ltd. (NASDAQ: RCON) announced on January 16th that it has signed a two-year joint development term sheet with Future Gas Station (Beijing) Technology, Ltd. ("FGS"), a leading data operation company on January 15, 2017. As previously announced, Recon owns 8% of FGS. Recon and FGS plan to jointly develop an integrated blockchain-based mobile shopping system for use in gas stations. FGS will be in charge of developing this system while Recon will mainly provide resources including funds, supporting personnel and risk and compliance management advice.