PALM BEACH, Florida, January 19, 2018 /PRNewswire/ --

Bitcoin rebounded more than 15 percent on Thursday as regulatory concerns eased. According to data from CoinDesk, bitcoin, the largest cryptocurrency by market capitalizations, rose back to $11,500 on Thursday. The digital currency dropped more than 30 percent to a low of $9453.32 on Wednesday after reports that South Korea and China are to put stricter regulations on digital currencies. According to CNBC, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, bitcoin will more than double to $25,000 in 2018. Lee said in a report Thursday: "We expect bitcoin's major low to be $9,000, and we would be aggressive buyers around that level…We view this $9,000 as the biggest buying opportunity in 2018." Carl Data Solutions, Inc. (OTC: CDTAF), Longfin Corp (NASDAQ: LFIN), Recon Technology, Ltd. (NASDAQ: RCON), Net Element International Inc (NASDAQ: NETE), Eastman Kodak Company (NYSE: KODK)

Increasing developments in cryptocurrency and blockchain technology help drive the growth of the cryptocurrency market. In December, major futures exchanges CME and Cboe started to offer bitcoin futures trading. On Wednesday, Reality Shares Advisors launched the first blockchain-based exchange-traded funds (ETFs) on Nasdaq. The fund, which is called NexGen Economy ETF (BLCN), will invest in the 50 to 100 companies working on blockchain projects. According to a report from Netscribes, Inc., the global blockchain technology market size is expected to grow at a compound annual growth rate of 42.8 percent to USD 13.98 billion by 2022.

Carl Data Solutions, Inc. (OTC: CDTAF) listed on the Canadian Securities Exchange under the trading symbol "CRL". Earlier this week the company announced breaking news that it, "has signed a service agreement with Connected Fintech Inc. ("Connected") that includes the building of cryptocurrency mining facility; the development predictive analytics and operational metrics for cryptocurrency mining; and the development of breakthrough machine to machine (M2M) transactional capabilities.

Carl Data intends on mining the primary cryptocurrencies including: Bitcoin, Bitcoin Cash, Ethereum and Dash. This mining facility will include both GPU (Ethereum) and the most current ASIC machines to provide versatility allowing several dozen different coins to be mined. Jay Yu, President and CEO of Connected, "We are excited to partner with Carl Data Solutions in helping them enter the rapidly growing space of cryptocurrency mining and the development of integrating blockchain into the IIoT (Industrial Internet of Things). Connected Fintech is in the process of building out the required infrastructure and hardware needed for Carl's cryptocurrency mining, both offsite and within a portion of Carl's facilities. Cryptocurrency mining is beginning to experience a significant shift into Canada and this mutually beneficial partnership provides long term strategic value for both companies. Carl Data will have the ability to target and mine the most profitable coins (generally Bitcoin and Ethereum). Bitcoin can also be used to purchase other coins as a means to diversify its cryptocurrency portfolio, while also maximizing the amounts accumulated. With application of predictive analytics and machine learning this will be a great opportunity to develop more Fintech specific technological knowledge, while providing an additional revenue stream."  

Currently, Carl Data works with a variety of devices, sensors and data sources that are all connected to the IIoT. After working closely for years with hardware vendors, the Company knows the technological needs of the newly emerging data economy. Smart devices and machines will communicate directly - machine to machine (M2M) - to improve operational efficiency, and provide solutions such as Smart Contracts. Carl Data intends to continue to develop the latest and most effective technology in the IIoT space, through their expertise with AI, machine learning and predictive analytics.

Greg Johnston, Carl Data's President and CEO, commented, "Data marketplaces are already being built by companies like Accenture and Microsoft. There is even already a dedicated crypto currency for IIoT, IOTA. Our development and acquisition strategy is to add complimentary technologies to provide our customers with the best technology available. We are continuing this commitment through our partnership with Connected Fintech."

Longfin Corp (NASDAQ: LFIN) announced last month the acquisition of Ziddu.com, a Blockchain-empowered solutions provider that offers Microfinance Lending against Collateralized Warehouse Receipts in the form of Ziddu Coins. Ziddu Coin is a smart contract that enables SME's, processors, manufacturers, importers and exporters using cryptocurrencies across continents. Ziddu Coins are loosely pegged to Ethereum and Bitcoin. The importers/exporters convert offered Ziddu coins into Ethereum or Bitcoin and use the proceeds for their working capital needs. At the end of the contract, importers/exporters will realize their proceeds and pay back their funds through cryptocurrencies only. Depending upon the risk profile of the counterparty, the interest will vary from 12% to 48%.

Recon Technology, Ltd. (NASDAQ: RCON) announced this week 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.

Net Element International Inc (NASDAQ: NETE) reported this month that it has completed a $7.55 million private placement of restricted common stock and warrants with a New York-based family office that has made several investments in companies with blockchain technology platforms. The new investment will fuel the continued development of the Company's blockchain-focused unit, support growth initiatives and allow for potential acquisitions. Net Element's blockchain-focused business will be a decentralized crypto-based ecosystem that will act as a framework for value-added services ("VAS") that can connect merchants and consumers directly utilizing blockchain technology while increasing the speed and efficiency of transactions made through the Company's processing, settlement and services ecosystem.

Eastman Kodak Company (NYSE: KODK) recently revealed the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management. Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. "For many in the tech industry, 'blockchain' and 'cryptocurrency' are hot buzzwords, but for photographers who've long struggled to assert control over their work and how it's used, these buzzwords are the keys to solving what felt like an unsolvable problem," said Kodak CEO Jeff Clarke. "Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that."

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