Market Overview

The Cryptocurrency Market Grows as New Applications Arise


NEW YORK, December 17, 2018 /PRNewswire/ --

Last year, digital currencies rapidly gained prominence. Since then, the cryptocurrency market has fallen significantly, as a Bitcoin was trading just over USD 3,000 in mid-December. However, research suggests that cryptocurrency will still have a use despite the meteoric fall. According to data compiled by Transparency Market Research, the global cryptocurrency market was valued at USD 574.3 Million in 2017 and is projected to grow to USD 6.70 Billion by 2025. Additionally, the market is projected to grow at a CAGR of 31.3% during the forecast period. Digital currencies like Bitcoin, Litecoin, Ripple and Ethereum are still prominent in the market and these cryptocurrencies will regain popularity as the blockchain technology will leverage them to create new, innovative products. Eventually, cryptocurrencies will lead to the growth of the financial industry around the globe. Netcoins Holdings Inc. (OTC:GARLF),, Inc. (NASDAQ:OSTK), Nokia Corporation (NYSE:NOK), Gain Capital Holdings, Inc. (NYSE:GCAP), Ideanomics, Inc. (NASDAQ:IDEX)

While some cryptocurrencies are primarily used in a technology-based application, most are simply being used as a form of currency. Currently, there is an increasing demand for more secure and faster processing times for transactions. Cryptocurrencies are being adopted due to their transparency and persistence of the low ownership cost and technology in its distributed ledger. The technological makeup offers a much more secure transaction, helping prevent against fraud or theft. "They are very different but they are still an asset class of their own and in that sense they're going to persist," says Aleh Tsyvinski, Professor of Economics at Yale University and author of a study titled 'Risks and Returns of Cryptocurrency'. "So, my prediction based on my research is that cryptocurrency is going transform, and is going to fulfil some kind of need which is different from traditional asset classes - stocks, commodities, and currencies."

Netcoins Holdings Inc. (OTC:GARLF) is listed on the Canadian Securities Exchange under the ticker (CSE:NETC). Earlier today, the Company announced breaking news that, "it has signed a definitive agreement with BitGo Trust Company as custodian for its Netcoins-branded custody solution. Following a software integration phase, Netcoins expects to launch Netcoins Custody in Q1 2019.

Custody is a key component of a full service crypto company and brokerage, and Netcoins has chosen BitGo, the market leader in institutional cryptocurrency financial services, to provide the back end technology and infrastructure required to launch Netcoins Custody.

BitGo provides institutional investors with security, compliance, and custodial solutions for blockchain-based currencies. BitGo is the world's largest processor of on-chain bitcoin transactions, processing 15% of all global bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company has a customer base that includes the world's largest cryptocurrency exchanges and spans more than 50 countries. BitGo is backed by Craft Ventures, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

"Netcoins wanted the most secure and compliant custodianship and, after evaluating several options, they chose BitGo Trust Company," said Josh Schwartz, VP of Sales, BitGo. "We're excited to be working with Netcoins to expand access to digital assets."

"We are thrilled to be bringing institutional level crypto custody to the market in Canada with BitGo Trust Company, the first qualified custodian purpose-built for digital assets," said Netcoins CEO Mark Binns. "Custody is a key component to institutional adoption, and also critical for enabling traditional brokerage houses to sell crypto to their retail investors. We continue to build a full service crypto company, and this is another big step forward for Netcoins.", Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. Medici Ventures,, Inc.'s blockchain accelerator, recently announced that portfolio company,, will allow public access to the beta version of its exchange and wallet service beginning Monday, November 12th, 2018. Bitsy's new app-based platform creates a remarkably easy, secure, and user-friendly bridge between bitcoin and the US Dollar. "The great promise of the Bitcoin white paper was to have legitimate peer-to-peer exchange of value without the need for trusted intermediaries. Few people understand, however, that with conventional Bitcoin wallets, users do not have actual possession or control of the Bitcoins they buy: their wallet-provider owns the Bitcoin and provides a contractual claim to the consumer, who must then trust that corporation. This defeats the whole purpose of crypto. Bitsy wallets, on the other hand, allow users to possess and have complete control of their cryptocurrency without the risk of lost keys. This sets a new standard for digital wallets," said Patrick M. Byrne, Chief Executive Officer and Founder. "We are excited to continue our cryptocurrency journey and integrate Bitsy's technology with to offer bitcoin for sale directly from the retail site in the first half of 2019."

Nokia Corporation (NYSE:NOK) is shaping the technologies at the heart of our connected world, to transform the human experience. Nokia and Streamr announced a partnership earlier this year. Streamr's Marketplace is a web-based application where data providers can list real-time data streams, and data consumers can subscribe and pay for access to those data streams. Pricing schedule and time-based access control are coded in Ethereum smart contracts. By using Streamr's cryptographic token, DATA, it is possible to make data streams around the globe freely tradeable. Streamr launched its realtime data Marketplace that connects data producers and consumers. The launch took place on-stage at Consensus in New York, and was followed by the announcement of industry-leading partnerships with Nokia, the multinational telecommunications, information technology and consumer electronics company, and OSIsoft, the industry's trusted leader in operational intelligence. Streamr's partnership with Nokia will see the development of the next generation of mobile base stations and enable Nokia customers to monetise their data while the partnership with OSIsoft will focus on enabling better sharing of realtime data between the organisations that OSIsoft currently serves with its PI System software.

GAIN Capital Holdings, Inc. (NYSE:GCAP) provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities. GAIN Capital Holdings, Inc. announced earlier this year the continued rollout of the Company's cryptocurrency offering, with the recent launch of Ethereum, Litecoin, Ripple and Bitcoin Cash in the U.K., Europe, Australia and Singapore on the Company's and City Index services. GAIN has also expanded its Bitcoin offering, allowing customers to trade Bitcoin directly against the Euro (BTC/EUR), British pound (BTC/GBP) and Australian dollar (BTC/AUD), in addition to the U.S. dollar. "The expansion of our cryptocurrency offering provides new opportunities for our clients to trade a variety of digital currencies through an established, regulated firm, without the need for a digital wallet," commented Glenn Stevens, Chief Executive Officer of GAIN Capital. "Aligned with our strategy to invest in organic growth and enhance our product offering, the addition of Ethereum, Litecoin, Ripple, Bitcoin Cash and additional Bitcoin pairs enhances our crypto offering to include the most popular digital currencies and further differentiates our service, where traders can access over 12,000 markets, including FX, indices, commodities, equities and rates."

Ideanomics, Inc. (NASDAQ:IDEX) ((formerly: Seven Stars Cloud Group, NYSE:SSC) provides Platform-as-a-Service (PaaS) solutions with strong multi-layer fintech technologies leveraging blockchain and artificial intelligence. Ideanomics recently announced that it had entered into a joint venture agreement with TPJ Ltd, to create Ideanomics Resources LTD a U.K. company based in London. The 75% Ideanomics owned joint venture has been created to unlock value in the commodities and energy sectors by leveraging and utilizing the Ideanomics Platform-as-a-Service (PaaS) solutions, a suite of strong multi-layer fintech technologies leveraging blockchain and artificial intelligence. Ideanomics Resources will initially focus its efforts in Africa and Middle East where it has significant long-term relationships. The joint venture will be responsible for setting up a commodity and energy digital asset exchange, which will leverage Ideanomics Platform-as-a-Service (PaaS) solutions. These solutions will include our pricing model, with super artificial intelligence for indexing & futures pricing, the tokenization of assets, including mining, oil and gas assets projects, and the processing and settlement services for supply chain finance using our blockchain and smart contract settlement technology. "We are delighted to join the Ideanomics team. London is an important hub for the group and the sector. We are focused and determined on opening up the benefits of AI and blockchain applications to the public and private sector, both in traditional markets such as Europe, and emerging markets such as Africa. We have the digital capability to bridge continents and place emerging states onto the global economic map. This is an exciting moment in the digital renaissance as the world moves rapidly forward into new ways to increase efficiency, performance and transparency in the way that it trades," said Jason McCue LLD, Director of Ideanomics Resources LTD.

Subscribe Now! Watch us report LIVE

Follow us on Twitter for real time Financial News Updates:

Follow and talk to us on Instagram:

Facebook Like Us to receive live feeds:

About, 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, creates 100% unique original content. 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: 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 (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, 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. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For netcoins holdings inc. financial and corporate news dissemination, 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. will always disclose any compensation in securities or cash payments for financial news PR advertising. 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., 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. 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 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 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: .

Media Contact:




View Comments and Join the Discussion!