Tag: Bitcoin

Titan Completes $6 Million Private Sale For Lumerin Protocol From Cadenza Ventures, Fundamental Labs, Outlier Ventures, and others

Strategic Partners Highlight Industry Confidence in Bringing Global Hashpower Marketplace to Bitcoin & POW Mining Ecosystem November 24, 2021 12:00 PM Eastern Standard Time CHICAGO–(BUSINESS WIRE)–Titan, an innovator in the bitcoin mining ecosystem, announced today the successful completion of its $6 million private sale round for the Lumerin Protocol. Strategic partners include: Cadenza Ventures, Fundamental Labs, Outlier Ventures, Tribe Capital, Digital Finance Group, Caballeros Capital, and 11-11 DG Partners. “Companies, or individuals with a lower risk profile, will be able to buy/sell compute...

Bitcoin, Crypto Mining, DeFi, DEX, Press release

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Fortress Technologies Announces Purchase of 600 Bitmain Antminer S19 XP Bitcoin Mining Machines, Increasing Contracted Hash Rate to 729 PH/s

November 22, 2021 07:30 AM Eastern Standard Time TORONTO–(BUSINESS WIRE)–Fortress Technologies Inc. (TSX-V: FORT) (the “Company” or “Fortress”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, is pleased to announce the purchase of 600 Bitmain Antminer S19 XP (140 TH/s) bitcoin mining machines. At 21.5 J/TH, the S19 XP is the most efficient bitcoin mining machine on the market, requiring 27% less energy per unit of hash rate than Bitmain’s S19 Pro. The machines are expected to be delivered in equal monthly installments from July through December 2022. The purchase adds 84 PH/s to...

Bitcoin, Crypto Mining, Cryptocurrencies, Press release

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BitPay Merchants Offer Crypto Deals for Black Friday

Annual Event Lets Crypto Shoppers Save When Paying with BitPay November 19, 2021 09:30 AM Eastern Standard Time ATLANTA–(BUSINESS WIRE)–BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced its annual Black Friday event offering deals for Black Friday shoppers who prefer to pay in crypto from BitPay merchants. To support this growing base of consumers who want to pay with crypto, BitPay has been working with its merchant partners to extend special offers for crypto purchases for the BitPay Black Friday shopping season. Some deals are available immediately while others start...

$DOGE, Bitcoin, Bitcoin Cash, Cryptocurrencies, Ethereum, Press release

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Crypto SPACs Enter The Ecosystem

Crypto SPACs Enter The Ecosystem

Cryptocurrencies have reached the ecosystem of digital payments and finance. Through a small IPO, $200 million has been raised by Crypto 1, with this capital, the company plans to strengthen its presence in the crypto market and expand its offerings in that market. Following the creation of its first Special Purpose Acquisition Company (SPAC), Crypto 1, one of the venture capital firms and asset managers in the cryptos-based industry, was able to raise a total of $200 million through an initial pre-sale campaign (IPO). Developed by SPACs International, Inc., an entity that went public in 2019 and operates as a registered public company,...

Bitcoin, Cryptocurrencies, Featured, Fintech

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Lowest Cost Bitcoin-Linked ETF to Launch on November 16: VanEck Bitcoin Strategy ETF (XBTF)

Developed by ETF and crypto innovators, VanEck structured XBTF as a C-Corporation aimed at tax efficiency for long-term investors and fairly priced November 15, 2021 09:00 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–VanEck today announced the anticipated launch of the VanEck Bitcoin Strategy ETF (XBTF), an actively managed ETF that seeks capital appreciation by investing in standardized, cash-settled bitcoin futures contracts. XBTF is expected to list on Cboe on November 16, 2021. XBTF comes to market as the lowest-cost bitcoin-linked ETF, with a net expense ratio 30 basis points (bps) lower than its next...

Bitcoin, Cryptocurrencies, ETF, Fintech, Press release

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The Reason Why China Will Fail at Banning Bitcoin Again

The Reason Why China Will Fail at Banning Bitcoin Again

By Elena Obukhova, Founder & CEO at FAS | Fintech Advisory Services. All of the news sites are reporting that China has banned Bitcoin, but will this restriction have any effect? Let’s start by reminding us what Bitcoin is. It’s a decentralized peer-to-peer currency that aims to provide individuals with financial independence. Bitcoin’s immutability protects users against the government seizing control of their money. However, there is still space for market manipulation in the Bitcoin price. China is the leader in on-chain transactions and is placed 13th in “The 2021 Global Crypto Adoption Index Top 20”...

Bitcoin, Cryptocurrencies, DEX

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Coinbase Releases Third Quarter 2021 Shareholder Letter

November 09, 2021 04:00 PM Eastern Standard Time Remote-First-Company/BROOKLYN, N.Y.–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today the release of its third quarter 2021 shareholder letter. The letter, including the Company’s financial results, can be found on its Investor Relations website at investor.coinbase.com. The Company will hold a question and answer session to discuss its third quarter 2021 financial results on Tuesday, November 9, 2021 at 2:30 p.m. PT. To register for the webcast, please use this link. A live webcast of the call will be available on the Investor...

Altcoins, Bitcoin, Coinbase, Cryptocurrencies, Exchanges, Press release

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OLB Group Announces Closing of $25 Million Private Placement Priced At-the-Market Under Nasdaq Rules

November 08, 2021 09:50 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB) (“OLB” or the “Company”), a provider of cloud-based omni-commerce and payment acceptance solutions for small- and mid-sized merchants, announced today it has closed its previously announced private placement priced at-the-market under Nasdaq rules (the “Offering”). The Offering consisted of 4,545,455 shares of Common Stock (“Common Stock”) (or pre-funded warrants in lieu thereof) and warrants to purchase up to 4,545,455 shares of Common Stock (“Common Warrants”), for gross proceeds to OLB of approximately $25 million,...

Bitcoin, Crypto Mining, Cryptocurrencies, Fintech, Press release

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Mogo Launches Canada’s First Climate-Positive Bitcoin Rewards Program for Businesses

Begins initial promotion with iconic music venue El Mocambo ‘Green’ bitcoin offsets CO2 created from bitcoin mining, providing a sustainable way to invest in this fast-growing asset November 08, 2021 07:27 AM Eastern Standard Time VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced a first of its kind business rewards program, powered by Mogo, that enables merchants to offer climate-positive (‘green’) bitcoin rewards to their customers. The Company’s first partner is El Mocambo, the iconic...

Bitcoin, Crypto Mining, Cryptocurrencies, Press release

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bitcoin today - bitcoin and ethereum still cheap - mayors and crypto - shiba inu rises

Bitcoin today: Bitcoin and Ethereum still cheap; Mayors and crypto; Shiba Inu rises

Bitcoin and Ethereum are rising, but still look cheap Several experts believe Bitcoin and Ethereum, the two biggest cryptos, are still undervalued. According to Sean Farrell, director of digital asset strategy at Fundstrat Digital Asset Research, Bitcoin is still inexpensive relative to conventional equities markets. Farrell compares Bitcoin to equities using price-to-book value. He relates Bitcoin’s price to the cost of mining or processing network transactions, using miner profits as a proxy for hardware and energy expenses. According to Farrell, Bitcoin’s “price to book” is comparable to utilities and below sectors like...

$SHIB, Bitcoin, Coinbase, Cryptocurrencies, Ethereum, Main

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