SyndicatedNews.NET Forms Strategic Partnerships with to Advance its Role in Burgeoning Cryptocurrency Industry

SyndicatedNews.NET, a Titusville, Florida news and information Internet site founded and directed by Ruthie Barrows, has announced the company’s Cryptocurrency partnership with, a regulatory, reserve and advisory company working in the cryptocurrency industry based out of Queensland, Australia. is led by Chairman, Gary McAlister. The agreement is effective immediately.

The Bankcoin business will be registered with U.S. Treasury’s Financial Crimes Enforcement Network and licensed by Florida’s Office of Financial Regulation.

In addition, the two entities have engaged the international, multi-practice law firm of GT GreenbergTraurig to represent them in connection with regulatory and transactional matters. GT GreenbergTraurig has approximately 1,900 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Current Bitcoin Prices Rise High in 2015

Bitcoin has just recorded its best month since May 2014, stealing the spotlight away from the blockchain technology that underpins it and which has been attracting investment from almost every major bank in the world.

Investors in bitcoin at the start of October would have enjoyed a return of over 36 percent, dwarfing the return of about 2 percent that the dollar racked up for its holders.

The web-based currency surged to its highest this year on Friday, hitting $334.05 on the Bitstamp exchange on its ninth successive day of gains, its best run in over two years. The  market has fluctuated but stayed around $200.00 for most of the year.

Bitcoin is used as a widely spreading digital currency to send money around the world quickly and anonymously via the web without the need for third-party verification. That has made it controversial, but also attractive, to users ranging from drug dealers to those trying to circumvent capital controls in Greece and China.

Some bitcoin traders speculate that the latter might be partly responsible for the digital currency’s latest surge. Most trading in the past month has come from Chinese bitcoin exchanges, according to, though the accuracy of the Chinese exchanges’ data is questioned.

“At a time of central bank currency devaluations, direct and indirect, and with gold’s directionless behaviour over the last two years … bitcoin is increasingly viewed and marketed as a possible investable vehicle,” said London-based trader Ashraf Laidi, who invests in both fiat currencies and bitcoin.

Bitcoin is often dismissed as too volatile to invest in, having soared towards $1,200 in late 2013 before sliding to below $400 less than a month later, but it has stabilised this year. It has made millionaires of many miners and young computer developers.

“What I’m happy about so far is that the price run-up hasn’t been overly dramatic or disorganised,” said Peter Smith, CEO of Blockchain, a bitcoin “wallet” or storage provider, which shares its name with the technology.