CannabisNewsWire Editorial Coverage: In just two months’ time, rising superstar bitcoin has almost doubled its trading record. This leading cryptocurrency, which has continued to shatter its own records again and again this year, broke the $5,000 ceiling in September and is now closing in on $10,000 just under two months later. Bitcoin is definitely a hot ticket among investors right now, but not all investors want to put money into this cryptocurrency directly. Various enterprising companies emerging within the marketplace are providing promising ancillary investment options for those seeking to cash in on bitcoin’s rising star without investing directly in it. Such companies include SinglePoint, Inc. (SING) (SING Profile), Bitcoin Investment Trust (GBTC), Bitcoin Services, Inc. (BTSC), HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) and Riot Blockchain, Inc. (RIOT).
On Nov. 15, holding company SinglePoint (SING) soft-launched its much-anticipated proprietary bitcoin exchange (app.singleseed.com), which is aimed at solving payment problems related to high-risk transactions — specifically those plaguing another red-hot industry: cannabis.
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