Optimism For Future Growth of Blockchain Continues Despite Crytocurrency's Tumultuous Market - Seite 3

Seven Stars Cloud Group Inc. (NASDAQ:SSC) earlier this week announced its acquisition of Grapevine Logic Inc., a world leading end-to-end influencer marketing platform. Grapevine will play a pivotal role in SSC's consumer asset digitization strategy. This acquisition is integrally linked with SSC's 4+2+1 Strategy to drive growth across its core product areas which are-1) Fixed Income-based Financial Digital Assets, 2) Consumer Tech Digital Assets, 3) Commodity and Energy Digital Assets, and 4) TradeTech Digital Assets. Targeting the Social Media Influencer market, estimated to have reached a market size of $2 billion in 2017, Grapevine has become a world leader in facilitating the collaboration between advertisers/brands and video-based social influencers/content creators. Through the Grapevine platform, more than 4,700 brands -- including many of today's leading Fortune 500 consumer brands in Beauty, Fashion, Women's Lifestyle, Gaming, Consumer Electronics, Cooking, Nutrition, Men's Lifestyle, Sports, Exercise and several other secondary verticals -- have been able to engage with over 177,000 social influencers, reaching more than 3.2 billion followers, ultimately helping these companies promote their products and strengthen their brands.

HIVE Blockchain Technologies Ltd. (TSX-V:HIVE.V) (OTCPK:HVBTF) recently announced it will launch 200 Petahashes ("PH") of cloud based SHA-256 mining power ("Cloud Mining") in September 2018 . The Cloud Mining is an amendment to the terms of HIVE's previous December 2017 agreement with Genesis Mining Ltd. ("Genesis") to add 200 PHs of SHA-256 capacity in Sweden. Under the revised agreement, 200 PHs will be provided pursuant to a cloud hosting arrangement until delivery of the mining rigs occurs within the next twelve months. The amendment allows for lower operating costs than was previously expected of taking delivery of the miners in Sweden and gives HIVE flexibility to install the future delivery of the mining rigs in an advantageous region, which is anticipated to be in a facility in North America. As previously announced, production is expected to commence on September 30, 2018.