Total Cryptocurrency Market Capitalization Continues To Break Records

Total cryptocurrency market capitalization continues to break records

NEW YORK, December 15, 2017 /PRNewswire/ --

The cryptocurrency market continues its momentum thanks to recent price rallies in smaller cryptocurrencies such as Ethereum, Ripple and Litecoin.

Total Cryptocurrency Market Capitalization Continues to Break Records

According to data from Coinmarketcap, the total market capitalization of all cryptocurrencies reached a new all-time high of $518 billion on Thursday, or just a day after it surpassed the historic milestone of $500 billion.

Bitcoin is still the most popular cryptocurrency in the world, accounting for about 54 percent of the total cryptocurrency market. Ripple price jumped 71 percent to $0.79 on Thursday and is now the world's third largest cryptocurrency by market cap. Other digital currencies such as Ethereum and Litecoin, have also experienced huge gains in recent weeks.

Total cryptocurrency market capitalization continues to break records

Longfin Corp. (NASDAQ: LFIN), International Business Machines Corp. (NYSE: IBM), Riot Blockchain, Inc. (NASDAQ: RIOT), CME Group Inc.

(NASDAQ: CME), Cboe Global Markets, Inc.

Top 100 Cryptocurrencies by Market Capitalization


Increasing applications in cryptocurrencies and blockchain technologies are the driving factors of the market.

According to Coindesk, Japanese Internet company GMO Internet Group recently announced that it will launch a payment system that will allow employees to receive some of their salaries in cryptocurrency. While Japanese shipping firm Mitsui OSK Lines and IBM Japan agreed to start a test to verify the applicability of blockchain technology as a way to streamline and upgrade cross-border trade operations.

Longfin Corp (NASDAQ: LFIN) just announced breaking news this morning after its IPO listing this week, the company, "announces the acquisition of, a Blockchain technology empowered solutions provider that offers Microfinance Lending against Collateralized Warehouse Receipts in the form of Warehouse Coins to small and medium enterprises (SMEs), processors, manufacturers, importers and exporters using crypto currencies across continents.

Ziddu Warehouse Coin is a smart contract that enables Importers and Exporters to use their Ziddu coins that are loosely pegged to Ethereum and Bitcoin Crypto Currency.

The Importers/Exporters convert offered Ziddu coins into Ethereum and Bitcoin Cryptocurrencies and use the proceeds for their working capital needs.

Warehouse receipt financing utilizes secured stored goods as loan collateral. Warehouse financing is a secured lending technique that allows SME's access to financing secured by commodities stored in warehouses.

Businesses of all sizes continue to struggle in accessing sufficient credit, resulting in a global trade finance gap of US$1.5 trillion in 2016, according to an Asian Development Bank (ADB). News Commentary

Access to financing is the biggest impediment to small farmers in African countries and other frontier markets. Overall, African micro and SMEs face a financing shortfall of about US$190 billion from the traditional banking sector.

African firms are 19% less likely to obtain a bank loan compared to other regions of the world. Hard-currency shortage is forcing companies to get creative with crypto currencies such as Bitcoin and Ethereum as an alternative to US Dollars in many emerging markets.

"The advent of Blockchain technology has caught the imagination of the global financial services industry; blockchain is emerging as a technological revolution that we believe is set to disrupt the financial services infrastructure.

Crypto currencies such as Bitcoin and Ethereum are expected to act as a global financing currency to avail credit against hard currencies of many emerging markets," says Venkat Meenavalli, Chairman of Longfin Corp.

Ziddu intends to use blockchain technology to transform the lives of millions of SME's by providing finance by way of Ziddu coins and through Crypto Currencies such as Ethereum and Bitcoin against their collateralized warehouse receipts.

At the end of the contract, Importers/Exporters are expected to realize their proceeds and pay back their funds through Crypto Currencies only. Depending upon the risk profile of the counterparty, the interest will vary between 12% to 48%.

About Longfin Corp. - Longfin Corp.

Cryptocurrency Market Cap reaches $300 Billion as Bitcoin, Ethereum and Ripple bull run continues

(LFIN: NASDAQ) is an independent finance and technology company that specializes in structured trade finance solutions and physical commodities finance solutions for finance houses and trading platforms for North America, South America and Africa regions."

International Business Machines Corp. (NYSE: IBM) is the leader in open-source blockchain solutions built for the enterprise. Recently, the company, Walmart,, and Tsinghua University National Engineering Laboratory for E-Commerce Technologies announced they will work together in a Blockchain Food Safety Alliance that will kick off with a collaboration designed to enhance food tracking, traceability and safety in China, to achieve greater transparency across the food supply chain.

The four companies will work together to create a standards-based method of collecting data about the origin, safety and authenticity of food, using blockchain technology to provide real-time traceability throughout the supply chain. This will encourage accountability and give suppliers, regulators and consumers greater insight and transparency into how food is handled, from the farm to consumers.

Riot Blockchain, Inc. (NASDAQ: RIOT) is leveraging its expertise and a network of professional advisors to build and support blockchain technologies. On December 11th, the company announced that its majority owned Tess Inc.

has entered into a non-binding letter of intent to merge with Cresval Capital Corp. TessPay is a blockchain company developing a supply chain payment platform for businesses to attempt to guarantee payment on time and in full. After the closing of the anticipated merger, TessPay will be publicly traded on the TSX Venture Exchange and change its name to 'TessPay Inc.'. Jeff Mason, Chief Executive Officer of TessPay, stated, "The decision to take the company public provides us access to traditional capital markets as we continue developing our blockchain technology solution.

This environment will also foster transparency and accountability moving forward, providing confidence to investors and prospective customers alike."

CME Group Inc. (NASDAQ: CME) is the world's leading and most diverse derivatives marketplace, handling 3 billion contracts worth approximately $1 quadrillion annually.

On December 1, 2017, the company announced that it has self-certified the initial listing of its Bitcoin futures contract to launch Monday, December 18, 2017.

Bitcoin’s Rise Continues as Matic Doubles in Value

The new contract will be listed on and subject to the rules of CME. It will be available for trading on the CME Globex electronic trading platform, and for submission for clearing via CME ClearPort, effective on Sunday, December 17, 2017 for a trade date of December 18. CME Group's Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S.

dollar price of bitcoin.

Cboe Global Markets, Inc. (NASDAQ: CBOE) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world.

Cryptocuurency Bitcoin Blockchain

Recently, the company announced it has created the Cboe Gemini Bitcoin Futures Index, a new strategy performance benchmark index designed to replicate a constant one-month position in Cboe XBTSM Bitcoin Futures (XBT).

XBT futures began trading on Cboe Futures Exchange on Sunday, December 10.

Total cryptocurrency market capitalization continues to break records

More than 5,000 XBT futures contracts (single counted) have been traded since launch. A strategy benchmark is intended to provide an objective, rules-based approach to describing a particular investment outcome.

How Many Bitcoin Are There Really? Bitcoin Price Explosion And Coinbase Keeps Breaking Records - 152

Strategy benchmarks can serve as an informational tool or as the underlying interest for investment products.

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.

Total cryptocurrency market capitalization continues to break records

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.

SendFriend CEO: Ripple’s On-Demand Liquidity (ODL) helps save up to 80% in remittance fees

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.

Why is prevention the best option only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, has been compensated five thousand dollars for financial news dissemination and PR services by longfin corp.

Best gaming storage options

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 dissemination and 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.

Total cryptocurrency market capitalization continues to break records

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.

Total cryptocurrency market capitalization continues to break records

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:

For further information:
Media Contact:
[email protected]



Total cryptocurrency market capitalization continues to break records