3 Blockchain Technology Stocks to Watch This Quarter

CORAL GABLES, FL / ACCESSWIRE / July 26, 2018 / Bitcoin has far superseded most expectations over the last 10 months or so. Late last year, the markets watched in awe as the price of bitcoin surged to highs that neared $20,000 for one bitcoin. The plummet in price that followed was just as shocking for investors as bitcoin lost thousands of dollars in value per coin. Recently, however, bitcoin prices have begun to see another boost after jumping back above $8,000.

One of the main technologies behind this industry has been blockchain technology but as many have now figured out, blockchain technology goes far beyond the cryptocurrency industry. At its core, blockchain is a technology that functions like a digital ledger and has been welcomed with open arms by industries like banking, security, and many more. For these reasons, investors have begun looking at public companies dealing with blockchain technology once again.

Companies like Block One Capital, Inc. (BKPPF) (BLOK.V) have diversified a basket of investments into the industry itself. More specifically, Block One is an investment company focused on high growth opportunities in the blockchain and cryptocurrency sector. Most recently the company announced that it has entered into a definitive agreement with Affirmation Technology Group LLC to acquire 30% of the New York, USA based developer of decentralized anti-money laundering, know your customer and Accredited Investor solutions.

Since the middle of the month, shares of Block One Capital have increased by as much as 80%. As the market for initial coin offerings begins to heat up again, Block One has also positioned itself in one of the larger capital raises in the industry. Its investment into

Shopin Token comes with a 66% bonus due to its participation in the private presale. Block One looks for early-stage opportunities in the blockchain and cryptocurrency fields where Shopin's ICO met these specific criteria.

For More Information On Block One Capital, Click Here

On a similar note, Advanced Micro Devices, Inc. (AMD) has come out with favorable earnings this week, which has helped propel the stock to new highs on Thursday morning. AMD reported non-GAAP earnings of 14 cents per share on revenue that increased 53% year over year to $1.76 billion. Analysts were expecting the company to report earnings of 13 cents per share on revenue of $1.72 billion. Operating expenses of $467 million left the company with an operating income of $186 million and net income of $156 million.

For the third quarter, AMD said it expects revenue to be approximately $1.7 billion, plus or minus $50 million, an increase of approximately 7% year-over-year, and non-GAAP gross margin to increase to approximately 38%. Analysts were expecting revenues of $1.764 billion in the third quarter, according to FactSet. AMD has produced GPU products in the blockchain market, which may have helped put the stock on the radar of those interested in bitcoin and blockchain stocks.

Finally, Riot Blockchain (RIOT), which has as gotten its own boost of momentum that the crypto/blockchain space is having this month, has recently announced news of the beta development of its own private Bitcoin Mining Pool.

Mining pools are groups of miners that work as a team and contribute their hashing power to solving computations that secure the blockchain. By pooling resources, miners increase the odds and consistency of receiving block rewards, which are the fees collected as part of Bitcoin's "proof of work" security model.

According to the company, Riot is privately testing its own mining pool platform intending to provide an alternative to major players such as AntPool and BTC.com, which are owned and operated by Bitmain.

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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. JSG Communications which owns www.BlockchainStocks.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release.

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