Archives: CryptoCurrencyWire

July 20, 2022 13:26:48

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) is reporting is financial and corporate results for the full fiscal year ended March 31, 2022. Highlights of the report include revenue reaching $211.2 million, a 212% increase from the prior year; record net income of $79.6 million, up from $24.1 million last year; and growth of basic income per share from 191% to $1.02 from $0.35 during the prior year. The report also noted that gross mining marginexpanded to $163.9 million, up from $51.1 million the previous year. According to the company, the gains in revenues and earnings are a result of HIVE’s immense growth during a pivotal time in the evolution of cryptocurrency mining: HIVE grew from an estimated 310 PH/s of Bitcoin mining and 2,700 GH/s of ETH mining in March 2021 to a milestone hashrate of 2 Exahash (or 2,000 PH/s) and approximately 6,100 GH/s of ETH mining this March, representing a 545% growth in BTC mining hashrate and 225% growth in ETH mining hashrate year over year. The company has scheduled a webcast for 4 p.m. ET today to discuss the report. HIVE management, including Holmes and HIVE president and COO Aydin Kilic along with CFO Darcy Daubaras will host the call. “Fiscal 2022 was an incredible year for HIVE,” said HIVE executive chair Frank Holmes in the press release. “Despite the effects of COVID-19 such as global logistics and inflation we have achieved record results on a per share basis and continued to increase our Ethereum and Bitcoin mining capacity, without taking risks to stake our BTC or ETH to earn a yield on our assets. We are also proud that during the year we were able to pay down our debt by over $5.5 million.”

To attend the webcast, visit https://ccw.fm/qzDHD

To view the full press release, visit https://ccw.fm/MoHTt

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies went public in 2017 as the first cryptocurrency mining company with a green-energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. The company is building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green-energy-powered data center facilities in Canada, Sweden and Iceland, where it sources green energy to mine on the cloud and HODL, both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Those shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multiuse servers, the company believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. For more information about the company, please visit www.HiveBlockchain.com.

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CryptoNewsBreaks – Coinbase Global Inc. (NASDAQ: COIN) Schedules Release of Q2 2022 Financial Results, Earnings Call

July 20, 2022 13:14:42

Coinbase (NASDAQ: COIN) has announced that it will publish its second quarter 2022 shareholder letter, including financial results, on its Investor Relations website after market close on Tuesday, Aug. 9, 2022. In addition, at 2:30 p.m. PT on Aug. 9, the company will hold a question and answer session to discuss its financial results. Starting at 9:00 a.m. PT on Aug. 2, shareholders will be able to visit https://ccw.fm/Ha7Nu and submit and upvote questions for Coinbase management. The Q&A platform will remain open until 24 hours before the earnings call. Interested parties should visit https://ccw.fm/orZGu to register for the webcast. A live webcast of the call will be available on the Investor Relations website and, following the call, a replay and transcript will be available on the same website.

To view the full press release, visit https://ccw.fm/5YqMs

About Coinbase Global Inc.

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. For more information about Coinbase, visit https://Investor.Coinbase.com.

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CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Arranges for 254 MW of Hosting Arrangements with Options to Expand

July 20, 2022 11:02:22

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the Bitcoin ecosystem, has made arrangements with a variety of hosting providers to secure an estimated 254 megawatts (“MW”) of new hosting arrangements for its Bitcoin mining operations; arrangements include options to increase that amount to 324 MW. Hosting providers include Applied Blockchain Inc. (NASDAQ: APLD) and Compute North, with APLD agreeing to supply 200 MW of hosting, with an option to increase that amount to 270 MW. Applied Blockchain will provide hosting at its Texas and North Dakota facilities. Marathon now has hosting arrangements in place to support its goal of approximately 23.3 exahashes per second (“EH/s”) of computing power for Bitcoin mining. As a result of this arrangement, Applied Blockchain will supply Marathon with 90 megawatts of hosting capacity at its facility in Texas and at least 110 megawatts of hosting capacity at its second facility in North Dakota, which are under construction; installation of Marathon’s miners is anticipated to begin by Q4 2022. “With these new arrangements, we believe we have now secured enough hosting capacity to support our target of achieving approximately 23.3 exahashes per second of computing power for Bitcoin mining in 2023,” said Marathon CEO and chair Fred Thiel in the press release. “Each of these facilities is already under construction, which is critical for expediting installations. The first miners to be hosted under these new arrangements are scheduled to be installed in August, with installations ramping at other locations in the fourth quarter of this year and continuing into 2023. We would like to thank each of our hosting providers for working with us on these arrangements and for helping us toward our intended goal of building Marathon into one of the leading Bitcoin miners in North America.”

To view the full press release, visit https://ccw.fm/IzZVW

About Marathon Digital Holdings

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Highlights of Last Week’s Crypto News

July 20, 2022 10:20:00

The crypto market has had a rough go in the past few months. Most cryptocurrencies have lost more than 50% of their value, and the crypto market as a whole lost billions of dollars in value. Bitcoin, which had dropped in price from $69,000 in November to around $20,000 in June, dropped by 3.5% last week to trade at $20,831 by the end of the week.

Ethereum, which was also down by almost 50% by June and traded for as low as $900, was up by 11.1% to trade at $1,357. Polygon went up by a whopping 19.46% to trade at $0.70, Uniswap was up by 11.6% to $7.07 and Monero went up by…

NOTE TO INVESTORS: The latest news and updates relating to BlockQuarry Corp. (OTC: BLQC) are available in the company’s newsroom at http://ibn.fm/BLQC

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CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Inks Five-Year Hosting Agreement with Applied Blockchain

July 19, 2022 11:31:03

Marathon Digital Holdings (NASDAQ: MARA) is partnering with Applied Blockchain Inc.(NASDAQ: APLD) to host Bitcoin miners. The five-year hosting contract, which calls for 200 megawatts (“MW”) of Bitcoin mining capacity, notes that APLD will provide comprehensive hosting services for MARA’s Bitcoin miners at Applied Blockchain’s owned and operated cohosting data centers. A builder and operator of next-generation data centers across North America, Applied Blockchain has partnered with some of the most recognized names in the industry to develop, deploy and scale businesses. APLD management called the multiyear agreement a “significant step forward in Applied Blockchain’s growth trajectory,” noting that demand for the company’s hosting services remains robust despite the volatility in the cryptocurrency markets. “This new agreement with Applied Blockchain is instrumental in helping us achieve our target of 23.3 exahashes per second of compute power for Bitcoin mining in 2023,” said Marathon chair and CEO Fred Thiel in the press release. “Wes [Cummins, APLD CEO and chair] and his team have proven themselves to be capable builders and operators of large-scale datacenters. Their expertise in hosting and mining operations complements our asset-light strategy, freeing up resources and allowing us to efficiently scale Marathon as one the leading Bitcoin mining companies in North America. We look forward to working alongside Applied Blockchain to install miners and achieve our growth targets.”

To view the full press release, visit https://ccw.fm/M9ENF

About Marathon Digital Holdings

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Canada Crypto Week Announced for August 8-14 2022 alongside Blockchain Futurist Conference and ETHToronto

July 19, 2022 11:05:00

Canada Crypto Week is taking place August 8-14, 2022, showing the crypto world that Canada is back in action with some of the brightest minds in the industry. Coordinated by Untraceable Events, it is a week to encourage event organizers to host crypto and blockchain related events, and to encourage crypto enthusiasts to attend a variety of shows so they can network and grow the ecosystem.

With Blockchain Futurist Conference and ETHToronto being the anchor events of the week, already bringing in thousands of tech enthusiasts from around the globe, it is an ideal time to host Canada Crypto Week. August is an especially great month for Canada, with mild temperatures and…

To learn more about the Futurist Conference, please visit https://www.futuristconference.com/.

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CryptoNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Announces Appointment of New CTO

July 19, 2022 10:24:28

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has named a new chief technology officer. A senior software architect and Bitcoin expert, Aziz Pulatov has accepted the new position; Pulatov is also a senior devops engineer and Amazon Web Services-certified sysops administrator. In conjunction with the new appointment, LQwD noted that Albert Szmigielski had resigned from his position as chief technology officer; Szmigielski will serve as a strategic advisor to the company. “LQwD’s management and board of directors would like to sincerely thank Mr. Szmigielski for his many contributions and look forward to what he will bring in his new advisory role,” the company stated in the press release.

To view the full press release, visit https://ccw.fm/Y3S9X

About LQwD Fintech Corp.

LQwD is a Lightning Network service provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global megatrend of Bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling Bitcoin. LQwD also holds and acquires Bitcoin as an operating asset establishing nodes and payment channels across the Lightning Network. For more information, please visit www.LQwDFintech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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NFT Expoverse – Space Giveaway Event Horizon – Get Ready for the ‘Outer World’ Experience

July 19, 2022 09:35:00

Witness the magical out-of-the-world experience of outer space at the NFT Expoverse, being held at the Los Angeles Convention Center from July 29-31, 2022. Industry leaders, entrepreneurs, techies, visionaries and professionals from the fields of Web 3.0, blockchain, and NFT technologies, are all invited to attend this Expoverse.

The Space Giveaway Event Horizon, part of the NFT Expoverse, is a wonderful opportunity for those who have always dreamt of a chance to win a free trip into outer space. The 1st prize of the Space Giveaway (diamond NFT) is an amazing 12-hour space journey, wrapped in a 5-day experience, where the…

To participate in the event, purchase your NFT Expoverse tickets and to learn more about the event, please visit https://ccw.fm/ccGHw.

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Lexaria Bioscience Corp. (NASDAQ: LEXX) Offers Best-In Class Solution To Major Issue Affecting A Range Of Critical Drug Applications

July 18, 2022

July 18, 2022 09:35:00

Researchers have run into the issue of solubility of molecules intended for absorption, ultimately affecting drug effectiveness and inhibiting patient recovery
This has forced the exploration of new drug delivery technologies, with Lexaria’s patented DehydraTECH(TM) technology proving to be the most innovative, useful, and effective
DehydraTECH(TM) technology has seen application in oral nicotine for reduced risk, antiviral drugs for COVID-19 and other infectious diseases, PDE5 inhibitors, and CBD for hypertension
The recent expansion of the Cannadips Brand into Europe, Japan, and South Africa highlights the proliferation of DehydraTECH and a significant growth in its market share, particularly in the CBD space
Lexaria is excited about the expansion and anticipates additional growth in its technology’s adoption as time progresses

For a long time, the medical industry has sought ways to improve patient health by enhancing the delivery of therapeutic drugs to target sites. An especially critical problem researchers in this sector have encountered is the limited solubility of the molecules intended for absorption.

It is estimated that approximately 90% of preclinical drug candidates are low-solubility compounds. This presents a challenge regarding the compounds’ bioavailability and effectiveness of the drugs. The problem has led researchers to explore various drug delivery technologies, some of which have shown…

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX

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Reddit Puts Blockchain-Based Collectible Avatars on Sale

July 18, 2022

July 18, 2022 00:50:00

Redditors will soon be able to purchase blockchain-based collectible avatars after Reddit revealed that it will provide the range of avatars through a special storefront in the near future. Last week, the social media and discussion network announced that it had launched the new storefront that would allow users to purchase limited-edition collectible avatars backed by blockchain technology.

Thanks to its decentralized nature, blockchain technology is used in the cryptography market to enhance security and increase traceability, efficiency, speed and transparency. Even though the crypto market has seen significant losses in recent weeks, the hype around blockchain technology that underpins the…

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CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Moving to Become Top Liquidity Service Provider on Lightning Network

July 15, 2022

July 15, 2022 10:58:32

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, currently has active nodes spanning 17 countries. “LQwD’s mission is to offer platform-as-a-service (‘PaaS’) for the Lightning Network nodes and payment channels, be a network service provider that offers routing and liquidity services, and accumulate Bitcoin as a treasury reserve asset for staking and liquidity. The company’s flagship PaaS offering, https://lqwd.tech/, was released in November 2021. The PaaS features a sophisticated backend functionality and was designed to be scalable and flexible, positioning needed for the growth of the network,” a recent article reads. “By the end of Q4 2022, LQwD hopes to have active nodes in 24 countries worldwide. The current nodes have already facilitated over 10k transactions and climbing. As a publicly traded company, LQwD hopes to enhance public trust in the products and services to scale the Lightning Network as a premier cryptocurrency transaction platform.”

To view the full article, visit https://ccw.fm/DqLQu

About LQwD FinTech Corp.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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UK’s Asset Management Sector Lobbies for Blockchain Adoption

July 15, 2022

July 15, 2022 09:35:00

The cryptocurrency market may have hit hard times, but the blockchain technology that underpins the industry is still going strong. In Britain, the asset management industry has been lobbying for the government to adopt blockchain and develop a new class of funds that leverage the technology.

Thanks to its decentralized nature, blockchain can benefit financial companies by enhancing security, increasing transparency, providing immediate traceability and automation, and increasing efficiency and speed. Last week, one of the largest trade bodies in the United Kingdom called on the government to…

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CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Releases Update Regarding Delayed Annual Filings

July 14, 2022

July 14, 2022 10:05:01

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) is sharing an update regarding the status of its audited financial statements for the year ended March 31, 2022, as well as its CEO and CFO certifications, and management discussion and analysis for the same period. HIVE reports that the company is working diligently with its auditors to complete the required filings and plans on filing the documents on or before July 18, 2022. According to the update, HIVE notes that there has been “no material change in the information contained in the default announcement issued on June 29, 2022, and there is no other material information concerning the affairs of the company that has not been generally disclosed.” In addition, no delays in filing the information are anticipated, and the company is committed to providing biweekly status reports until financial statements, certifications and other documents are completed.

To view the full press release, visit https://ccw.fm/2Eqyg

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies went public in 2017 as the first cryptocurrency mining company with a green-energy and ESG strategy; the company mines Bitcoin and Ethereum sourcing green energy in Canada, Sweden and Iceland. HIVE is a growth-oriented technology stock in the emergent blockchain industry. The company is building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green-energy-powered data center facilities in Canada, Sweden and Iceland, where it sources only green energy to mine on the cloud and HODL, both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Those shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multiuse servers, the company believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. For more information about the company, please visit www.HiveBlockchain.com.

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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Issues June 2022 Production Update

July 13, 2022

July 13, 2022 13:47:19

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has announced its unaudited bitcoin and ethereum production and corporate updates for the month of June 2022. According to the announcement, the company earned 67.6 bitcoins and 0.0 ETHs in June 2022. In addition, on June 30, 2022, Treasury holdings of BTC and ETH were 860.7 and 313.6, with a fair market value of approximately $17.0 million and $0.3 million, respectively. As of June 30, 2022, the company owned 38,135 bitcoin miners and 731 ethereum miners with an estimated maximum total hash rate of 2.7 EH/s and 0.3 TH/s, respectively.

To view the full news release, visit https://ccw.fm/0oGUy

About Bit Digital Inc.

Bit Digital is a bitcoin mining company headquartered in New York City. Its mining operations are located in North America. For additional information, please contact [email protected] or visit the company’s website at www.Bit-Digital.com.

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UAE Signs MoU to Have Government Employees Trained in Using Blockchain Technology

July 13, 2022

July 13, 2022 10:20:00

The United Arab Emirates (UAE) has partnered with a major blockchain intelligence company to train government employees on how to use blockchain technology and digital assets. A report from Emirates News Agency says the UAE has signed a memorandum of understanding (MOU) with New York-based firm Chainanysis to create virtual training programs for government institution employees.

On top of training the employees in blockchain technology and digital assets, the virtual programs will help employees develop their skills and capabilities in the field, leverage global experiences and share success stories, the report said. Minister of State for Artificial Intelligence, Digital Economy, and…

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CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Sale of Shares to Devote Resources More Extensively to North American Market

July 12, 2022

July 12, 2022 15:30:52

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a share sale and purchase agreement with an unaffiliated third party (the “buyer”). Under the agreement, the company agreed to sell and the buyer agreed to purchase approximately 51% of the total issued share capital of Loto Interactive Limited, representing 279,673,200 shares of Loto Interactive, each at the price of HK$0.28, for the total consideration of HK$78,308,496 (the “transaction”). Upon closing of the transaction, the company’s share ownership in Loto Interactive will decrease to 8.79%. “Following our strategy to focus on developing in the U.S., we believe this is the right decision to sell a majority of our shares of Loto Interactive and devote our resources more extensively to the North American market,” said Xianfeng Yang, CEO of BIT Mining. “Going forward, with the North American market as our center of excellence, we will continue to invest in technology, innovation and high-quality mining resources worldwide. At the same time, we will constantly improve operational efficiency as we expand our business to build a strong foundation across the cryptocurrency ecosystem.”

To view the full press release, visit https://ccw.fm/BPBve

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position.

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CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Encourages Stockholders to Vote at Upcoming AGM

July 12, 2022

July 12, 2022 13:42:03

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, is encouraging stockholders to vote for Proposal No. 4 during the upcoming Annual General Meeting. The recommendation comes from both Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co., leading independent proxy advisor firms that provide voting recommendations to institutional investors. Stockholders are encouraged to vote in one of three ways: before or during the meeting by internet, by mail, or by dialing 1-866-620-9211 or 1-800-690-6903. The voting deadline is July 26, 2022, at 11:59 p.m. ET, and stockholders are encouraged to vote well in advance. Proposal No. 4 proposes to increase the number of authorized shares of Riot Blockchain, Inc. common stock, authorized for issuance, a move that is also supported by the company’s board of directors. According to the company, increasing the number of authorized shares will allow Riot to “act in a timely manner if and when the company’s Board of Directors believes it is in the best interests of the company and stockholders to take strategic action, without the delay and expense that would be required at that time to obtain stockholder approval to increase the authorized shares. By increasing the number of authorized shares of common stock, Riot will have greater flexibility to pursue value-creative opportunities, which may include corporate transactions, public or private offerings of equity securities, and attracting and retaining top talent in a highly competitive market.”

To view the full press release, visit https://ccw.fm/0PvI6

About Riot Blockchain Inc.

Riot Blockchain’s vision is to be the world’s leading Bitcoin-driven infrastructure platform. The company’s mission is to positively impact the sectors, networks and communities that it touches. The company believes that through the combination of an innovative spirit and strong community partnership it can achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot Blockchain has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas and upstate New York, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information about the company, visit www.RiotBlockchain.com.

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Can Web3 Survive the Current Slump in Crypto Prices

July 11, 2022

July 11, 2022 12:35:00

Crypto prices have slumped to historic lows in the past couple of months, costing the crypto market trillions of dollars in value and raising questions about the industry’s future. More than 70 cryptocurrencies have lost 90% of their value since January 2022, while Bitcoin and Ethereum have dropped by more than 50%. As experts predict that Ethereum and Bitcoin could drop by as much as 85%, how will the newest version of the internet, dubbed Web3, fare?

The internet has become increasingly centralized over the past decade as a select number of companies have gained a monopoly over internet services and data. However, Web3 is built on the concept of decentralization, which is the same principle behind cryptocurrencies such as Bitcoin and doesn’t rely on…

NOTE TO INVESTORS: The latest news and updates relating to Tingo Inc. (OTC: TMNA) are available in the company’s newsroom at http://ibn.fm/TMNA

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CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Bitcoin Donation Drive to No Kid Hungry in Appreciation of Stockholder AGM Participation

July 11, 2022

July 11, 2022 11:35:35

Riot Blockchain (NASDAQ: RIOT) is an industry leader in Bitcoin (“BTC”) mining and hosting. On Friday, the company announced that, to express its appreciation for stockholder participation, Riot will make a charitable donation of $1.00 in Bitcoin to No Kid Hungry on behalf of every unique stockholder that votes for matters pertaining to Riot’s upcoming annual general meeting of stockholders (“AGM”). The announcement provided instructions for shareholders to vote by internet, phone or mail and indicated that votes will not only be used to determine important business decisions but to contribute to a great cause. In the U.S., as many as 13 million children live in food insecure homes, meaning their households do not have enough food for every family member to lead a healthy life. No Kid Hungry is a national campaign committed to ending child hunger in the United States through a variety of food programs. A $50 gift helps to provide up to 500 meals for a child struggling with hunger.

To view the full press release, visit https://ccw.fm/8Euvl

About Riot Blockchain Inc.

Riot Blockchain’s vision is to be the world’s leading Bitcoin-driven infrastructure platform. The company’s mission is to positively impact the sectors, networks and communities that it touches. Riot believes that the combination of an innovative spirit and strong community partnership allows the company to achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas and, for the near-term, in upstate New York, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information, visit www.RiotBlockchain.com.

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Expands Lightning Network Reach with 17 International Nodes Routing Over 72 BTC and 36,000 Transactions

July 11, 2022

July 11, 2022 08:50:00

LQwD currently has Lightning Network nodes in several countries, including Canada, France, Italy, Indonesia, Japan, England, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland, Hong Kong, and the United States
Arcane Research reported that since its launch three years ago, the Lightning Network has grown to a capacity of almost 3,000 BTC with over 17,000 international nodes and 73,700 unique payment channels
LQwD’s proprietary platform as a service offering also serves as a Liquidity Service Provider for merchants and incorporates an easy-to-use API
The company hopes to expand to 24 international nodes by the end of the next quarter

Focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) recently announced that the company has launched 17 nodes internationally on the Lightning Network, positioning itself to secure future routing fees in the rapidly expanding global payments network. LQwD’s international node selection now includes Canada, France, Italy, Indonesia, Japan, England, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland, Hong Kong, and the U.S. (https://ibn.fm/xZlep).

LQwD launched its first node in November 2021, US-West, and since that time, it has amassed a capacity of 5.78671656 BTC (US $118,805.11). The current channel count for US-West is 107, with…

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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CryptoNewsBreaks – LQwD FinTech Corp.’s (TSX.V: LQWD) (OTCQB: LQWDF) Direct Relationship with Visa Offering ‘Big Benefit’

July 8, 2022

July 8, 2022 13:36:49

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, is leveraging the LN’s technological advantage to drive bitcoin adoption and facilitate transactions worldwide. “The blockchain infrastructure cannot facilitate fast transaction speeds on its own. Currently, the infrastructure can only accommodate seven transactions per second (‘TPS’). Other cryptocurrencies offer a TPS ranging from 20 to 4,000, with major network Visa handling up to 24,000 TPS. As a layer 2 protocol, the Lightning Network can speed up transaction times, offering over one million TPS. LQwD is leveraging this technological advantage to drive bitcoin adoption and facilitate transactions worldwide,” a recent article reads. “In its mission to accelerate bitcoin adoption, LQwD, through its subsidiary Coincurve.com, joined Visa’s Fintech Fast Track Program. According to Shone Anstey, LQwD CEO, ‘Our direct relationship with Visa now gives LQwD the advantage of accessing their growing partner network, as well as experts in the payments space. It’s a big benefit.’”

To view the full article, visit https://ccw.fm/eX0X0

About LQwD FinTech Corp.

LQwD is a Lightning Network Service Provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global mega trend of bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling bitcoin. LQwD also holds and acquires bitcoin as an operating asset, establishing nodes and payment channels on the Lightning Network. For more information, visit the company’s website at www.LQwDFinTech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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JPMorgan Analyst Says Cryptos’ Slide Is Nearing End

July 8, 2022

July 8, 2022 11:50:00

Cryptocurrency traders have been counting major losses as crypto prices tumbled in recent weeks. For many investors who were hoping to earn a quick buck from the cryptocurrency market, the past few months have been a sobering moment. Bitcoin, the largest cryptocurrency on the globe, dropped from an all-time high of $69,000 in November 2021 to $19,165 by the end of June.

Plenty of crypto investors have lost money due to the market slump, and the future looks grim at best. However, a JPMorgan analyst has predicted that there will be a light at the end of the tunnel. The strategist predicts that the crypto crash is nearing its end as crypto companies in the red turn to…

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CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Issues June 2022 Bitcoin Production, Mining Operation Updates

July 8, 2022

July 8, 2022 09:51:31

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, has published unaudited bitcoin (“BTC”) production and miner installation updates for June 2022. Among the highlights, the company reportedly produced 707 BTC in Q2 2022, up 8% year-over-year from Q2 2021, and now holds 10,055 BTC directly. “In the second quarter, we continued to work through several operational obstacles as we progressed with installing miners in Texas in preparation of energization,” said Fred Thiel, Marathon’s chairman and CEO. “In April and May, our bitcoin production was impacted by ongoing maintenance issues at the power generating facility in Hardin, MT that supplies our Hardin-based miners with power. On June 11, the situation was exacerbated by a severe storm that passed through the region, damaging the power plant’s cooling towers and leaving our 30,000 miners in the region without power. According to the most recent reports, these miners, which represent over 75% of our active fleet, appear to be mostly undamaged by the storm. The ground crew at Hardin continues to make progress as they work to bring the power plant and our miners back online in a reduced capacity.”

To view the full press release, visit https://ccw.fm/vbHGc

About Marathon Digital Holdings Inc.

Marathon is a digital asset technology company that focuses on supporting and securing the bitcoin ecosystem. The company is currently in the process of becoming one of the largest and most sustainably powered bitcoin mining operations in North America, while remaining asset light. For more information about the company, visit www.MarathonDH.com.

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CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Issues June 2022 Production Update

July 7, 2022

July 7, 2022 10:42:00

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) today announced production figures from the company’s global Bitcoin and Ethereum mining operations for the month of June 2022, with a BTC HODL balance of 3,239 Bitcoin and 7,667 Ethereum as of July 6, 2022. “HIVE is experienced in managing the recent volatility since we were the first digital asset mining company to go public in 2017 and have experienced both price surges and massive downdrafts or ‘crypto winters’ before and have strived to maintain a strong balance sheet of Bitcoin and Ethereum, which is completely unlevered. The company maintains its business as a cash flow positive enterprise, without any significant debt (aside from a long-term real estate mortgage from Canadian bank with less than 4% interest), and no equipment financing on any of our ASIC and GPU fleet. In June we produced an average of 14.0 Bitcoin equivalent per day, comprised of approximately 9.0 BTC per day and our Ethereum production,” said Frank Holmes, executive chairman of HIVE. “We are pleased to note that as of today, we are producing approximately 9.4 BTC a day in addition to approximately 90 Ethereum per day. We are seeing the ‘Great Unwind’ of highly leveraged Proof of Stake fin-tech companies that represented themselves as modern crypto lending platforms. This unwind is causing selling pressure in the crypto markets at large. We see how the abuse of leverage without regulation, which is endemic in Proof of Stake projects, causes volatility. We believe imprudent ‘crypto cowboys’ have created a situation akin to the Long Term Capital Management LP (‘LCTM’) crisis of 1998, yet this time without a Federal Reserve to bail them out. It reminds of 2017 during the ICO craze when tokens were being launched only to crash and burn in 2018 and the last crypto winter ended Feb 2019. These cycles are filled with new innovation and aggressive players. We are cautious, seeking out opportunities and remain firm in our belief that Bitcoin and Ethereum will survive to thrive again after all the over-leveraged players are forced out of business.”

To view the full press release, visit https://ccw.fm/bn7iG

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, it is building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden and Iceland, where it sources only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. The company’s shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, the company believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. For more information and to register to HIVE’s mailing list, please visit www.HIVEBlockchain.com.

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Female-Led Blockchain Company Raises $5M-Plus During Preseed Financing Round

July 6, 2022 12:35:00

R-Labs, a female-led blockchain-based fintech company, has announced that it managed to raise more than $5 million in a preseed funding round. The Austin, Texas-based financial technology company describes itself as a values-based company building a social impact ecosystem in Web3. R-Labs was cofounded by Geeta Sankappanavar and former Bumble VP of Marketing Chelsea Cain Maclin in early 2022.

The startup is looking to leverage the blockchain technology behind the cryptocurrency industry to develop and market digital assets in the controversial metaverse. This preseeding round was led by a variety of major investors including Prodege, AGF and…

NOTE TO INVESTORS: The latest news and updates relating to LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) are available in the company’s newsroom at http://ibn.fm/LQWDF

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CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Issues Update for June 2022 Production, Operations

July 6, 2022 12:07:37

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and hosting, today released a production and operations update for June 2022. Among the highlights, the company reported production of 421 BTC in June 2022, an increase of approximately 73% as compared to June 2021 production of 243 BTC. “We are pleased to report that during the month of June, we achieved full operation of all 23,000 S19 series miners in the first immersion-cooled building at our Whinstone Facility, Building F,” said Jason Les, CEO of Riot. “We initially conceived of plans for this immersion-cooled building just twelve months ago, and we are proud of our demonstrated ability to fully execute on our plans on such a rapid timeline. Our Whinstone Facility expansion project now continues on to our second immersion-cooled building, Building G, where the initial miners are deployed and hashing.”

To view the full press release, visit https://ccw.fm/sURxU

About Riot Blockchain Inc.

Riot Blockchain’s vision is to be the world’s leading Bitcoin-driven infrastructure platform. The company’s mission is to positively impact the sectors, networks and communities that it touches. Riot believes that the combination of an innovative spirit and strong community partnership allows the company to achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas and, for the near-term, in upstate New York, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information, visit www.RiotBlockchain.com.

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CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Shares Update on Completion of Annual Filings

July 6, 2022 12:02:44

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) expects to file its annual report on Form 40-F, which contains its annual audited financial statements, along with its CEO and CFO certifications and management discussion and analysis filing, after the scheduled filing date of June 29, 2022; the reports are for the fiscal year ended March 31, 2022. According to the announcement, HIVE intends to file the required documents on or before July 15, 2022. As a result of the delayed filing, the company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market. The July 1, 2022, notification, which has no immediate effect on the listing or trading of HIVE’s common shares on the Nasdaq Capital Market, officially informed the company that it was not in compliance with Nasdaq listing requirements and notified HIVE that it is required to submit a plan to regain compliance within 60 calendar days. The company noted that the delay is a result of several factors, including the challenge of meeting the shorter filing deadline for non-venture issuers in Canada due to its recent listing on the NASDAQ as well as the rapid increase in the company’s growth and the accompanying increase in the number of transactions. The announcement noted that HIVE does not anticipate difficulties with future filings and is in the process of hiring additional finance staff and making other arrangements to satisfy future filing requirements.

To view the full press release, visit https://ccw.fm/gCxnO

About HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies IVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. The company is building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data center facilities in Canada, Sweden and Iceland, where it sources only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, HIVE has held in secure storage the majority of its ETH and BTC coin mining rewards. Those shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because HIVE also owns hard assets such as data centers and advanced multiuse servers, the company believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space. For more information about the company, please visit www.HiveBlockchain.com.

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CryptoNewsBreaks – PIXELYNX Announces Veteran Gaming, Creative and Music New Hires

July 6, 2022 11:32:09

PIXELYNX, the music metaverse(TM) platform founded by groundbreaking electronic musicians and technology visionaries Joel Zimmerman aka deadmau5 and Richie Hawtin aka Plastikman, today announced several new hires made up of veterans in the gaming, creative and music industries. In addition to the new hires, PIXELYNX also welcomes Richard Sanders as group strategy advisor, a key member of the PIXELYNX Advisory Board. “All five new PIXELYNX hires, along with Richard Sanders, bring with them crucial skills and forward-thinking approaches to technology, gaming, Web3, music and business,” said PIXELYNX Co-founder and CEO Inder Phull. “With their many years of experience working for some of the most influential and established companies in the world, their expertise will be essential to the continued success of PIXELYNX.”

To view the full press release, visit https://ccw.fm/jxOTK

About PIXELYNX

PIXELYNX is a new gaming venture by iconic musicians and technologists Joel Zimmerman aka deadmau5, Richie Hawtin aka Plastikman, and music industry visionaries Ben Turner (Graphite; IMS: International Music Summit; AFEM: Association for Electronic Music), Dean Wilson (Seven20 Entertainment / mau5trap), and Inder Phull, a music metaverse futurist. The company, based in London and Los Angeles, is focused on building a music metaverse that will transform the way artists connect and engage with their fans through gaming experiences. Its debut mobile game, ELYNXIR, will be out later this year. For more information, visit www.PIXELYNX.io.

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Top Seven Facebook Groups Crypto Investors Need to Join

July 1, 2022

July 1, 2022 11:05:00

With more than 2.9 billion active monthly users, Facebook is undoubtedly the largest social media platform on the planet. An estimated 1.84 billion people log into the app every single day, and 63% of Americans aged 12 and over use the social media platform. This makes it perfect for any cryptocurrency enthusiast keen on keeping abreast with crypto news and updates in real time.

Here are the top seven Facebook groups cryptocurrency investors need to join…

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Plans to Reach 24 Countries by Q4 2022

July 1, 2022

July 1, 2022 10:20:00

LQwD currently has Lightning Network nodes in 17 countries with a goal of 24 by the end of Q4 2022
The current LQwD nodes have already processed over 10k transactions, and the number is climbing
The global cryptocurrency market was valued at US $1.49 billion in 2020. The market is projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8%

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) continues to move forward with its endeavors on the Bitcoin Lightning Network. The company currently has active nodes spanning 17 countries, including the U.S., Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, France, Canada, England, and Japan. These nodes range in capacity from 0.050000000 BTC to 5.700269470 BTC. The longest running node within the company’s selection is US-West, released in November 2021.

LQwD’s mission is to offer platform-as-a-service (“PaaS”) for the Lightning Network nodes and payment channels, be a network service provider that offers routing and liquidity services, and accumulate Bitcoin as a treasury reserve asset for staking and liquidity. The company’s flagship PaaS offering…

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Closing of US$16M Registered Direct Offering, to Improve Efficiency at Ohio Mining Site

June 30, 2022

June 30, 2022 12:57:30

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced the closing of its registered direct offering with certain institutional investors. The registered direct offering consisted of the purchase and sale of 16,000,000 of the company’s American Depositary Shares (“ADSs”) (or pre-funded warrant to purchase certain ADSs (“ADS Equivalent”) in lieu thereof), Series A Warrants to purchase up to an aggregate of 16,000,000 ADSs and Series B Warrants to purchase up to an aggregate of 16,000,000 ADSs, at a combined purchase price of US$1.00 per ADS (or ADS Equivalent) and associated warrants. Each ADS represents ten Class A ordinary shares, par value US$0.00005 per share, of BIT Mining. H.C. Wainwright & Co. LLC acted as the exclusive placement agent for the offering.

In addition, the company announced the completion of a spin-off with Viking Data Centers LLC in developing and operating the Ohio cryptocurrency mining data center (the “Ohio Mining Site”). The company had been jointly developing the Ohio Mining Site with Viking Data Centers through its affiliate for a total planned power capacity of 150 megawatts (“MW”). After completion of the spin-off, the company, through its affiliate, has exclusive access to 82.5MW of planned electrical power and Viking Data Centers has exclusive access to the remaining 67.5MW, in accordance to their respective equity ownership immediately prior to the spin-off.

“We will continue to devote our resources to the Ohio Mining Site in light of better cost control and operational efficiency improvement,” said Xianfeng Yang, CEO of the company. “While the cooperation with Viking Data Centers has helped with our initial entrance into the North American market, we believe that carving out the Ohio Mining Site business will further enhance our overall operational efficiency as we expand our business. Going forward, we are considering collaborations with Viking Data Centers on other projects. We will continue to execute on our plan, investing in technology, innovation and high-quality mining resources worldwide, while building a strong foundation across the cryptocurrency ecosystem.”

To view the full press releases, visit https://ccw.fm/M5YDr and https://ccw.fm/I6fhO

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position. For more information about the company, visit www.BTCM.Group.

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CryptoNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Expands Coverage Routes by Adding 17 New Routing Nodes

June 30, 2022

June 30, 2022 11:53:13

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has launched 17 new international routing nodes on Lighting Network. The company’s international routing nodes now include Japan, England, Canada, US-West, France, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland and Hong Kong. According to the announcement, these new nodes put LQwD in a position to secure future routing fees in the growing global payments network. The company noted that it is seeing consistent upward trends, a 138% increase in total network capacity since last year at this same time. With other enterprises and exchanges such as Kraken, Robinhood, Twitter and Block (Cash App) integrating Lightning Network capabilities, LQwD anticipates the growth to continue; some analysts predict as many as 700 million Lightning Network users by 2030.“Since launching our first Lightning Network node in November 2021, LQwD’s nodes have already routed over 72 BTC and over 36,000 transactions, which is extremely encouraging in these early stages,” said LQwD Fintech CEO Shone Anstey in the press release. “We are making excellent progress establishing LQwD as a serious network participant, and in coming months, we will launch the LQwD business-to-business platform (now in beta), which also allows retail customers to take advantage of the economics and efficiencies of the network.”

To view the full press release, visit https://ccw.fm/qncTB

About LQwD Fintech Corp.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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The Blockchain Futurist Conference, Together With ETHToronto, Bring Blockchain Technology and Cryptocurrency to Real Life

June 30, 2022

June 30, 2022 11:05:00

The most crypto enabled conference in the world returns to Toronto, Canada

Blockchain Futurist Conference, Canada’s largest crypto and blockchain event, combined with ETHToronto, the official Hackathon of the Blockchain Futurist Conference, is coming back to Toronto this August 8-10, 2022 for its fourth year. With only a short time until this flagship event, along with the announcement about the newly added keynote speaker Vitalik Buterin, inventor of Ethereum, the excitement among the blockchain and cryptocurrency community is rapidly growing.

Here’s how the conference will be crypto and blockchain enabled for 2022 so far…

To learn more, please visit https://www.futuristconference.com.

To learn more about the ETHToronto event, please visit https://www.ethtoronto.ca.

Apply to showcase your NFTs for free: https://ccw.fm/l1D51.

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CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Capacity on Lightning Network

June 29, 2022

June 29, 2022 12:57:13

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”), has been scaling its capacity on the LN to drive awareness and growth. “The company’s flagship platform-as-a-service (‘PaaS’) offering, https://lqwd.tech/, was released in November 2021 in addition to the first company node on the Lightning Network – US-West. As the company’s longest operating node, the US-West node’s capacity is the highest – 5.73377252 BTC, which translates to 573,377,252 Satoshi/ US$121,051.86. Currently, 104 channels and 103 connected nodes are active on the network to the company’s Lightning Network node. Over the last 30 days, the US-West node has experienced growth overall, an increase of .250353 BTC (+4.57%) with an average channel capacity on the node of .055 BTC (US$1,162.01),” a recent article reads. “Including the US-West, the current node count operated by LQwD on the Lightning Network is 17. These nodes facilitate transactions in destinations worldwide, including Japan, England, Canada, France, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, and Ireland.”

To view the full article, visit https://ccw.fm/NRc0v

About LQwD FinTech Corp.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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Blockchain Technology Could Help Luxury Brands Save Billions

June 29, 2022

June 29, 2022 11:50:00

While cryptocurrencies are currently being battered on the market, the tech upon which they are based is finding new uses in the luxury brand segment. Players in this space have turned to blockchain as a way to fight back against counterfeiting, which costs different luxury brands billions in lost revenue as well as legal costs.

The losses suffered by luxury brands are astronomical. For example, in 2017 alone, these brands reported a total of $98 billion in lost sales. The cost of counterfeits isn’t just restricted to the monetary aspect — even the reputation of the brand suffers when a customer who thought they had bought the…

NOTE TO INVESTORS: The latest news and updates relating to GreenBox POS (NASDAQ: GBOX) are available in the company’s newsroom at http://ibn.fm/GBOX

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CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Issues Update on Montana-Based Bitcoin Mining Operations

June 29, 2022

June 29, 2022 11:41:08

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, has disclosed that, as a result of a storm that passed through Hardin, Montana, earlier this month, the company’s mining operations in the region are currently without power and likely to remain offline until the damaged power generating facility can be repaired. Based on the latest inspection reports, Marathon’s Montana-based miners may have sufficient power to come back online in a reduced capacity as early as the first week of July. “The severe storm in Montana unexpectedly decreased our hash rate in June and presented us with a new challenge that we are actively working to overcome,” said Fred Thiel, Marathon’s chairman and CEO. “Bringing miners fully back online will take time, and we are committed to doing everything we can to rebuild our hash rate and to improve our bitcoin production. As part of that process, we have redirected our active miners, which represent approximately 0.6 exahash, to point towards a third-party mining pool, so that we can improve our probability of earning bitcoin while we work to bring the Hardin miners back online. Separate from this event, construction and installations in Texas have continued as scheduled, and given the current macro environment, our pipeline of potential new hosting arrangements remains strong. We appreciate the continued support of our shareholders as we work through this process.”

To view the full press release, visit https://ccw.fm/TZWHe

About Marathon Digital Holdings Inc.

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CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Issues Letter to Shareholders

June 28, 2022

June 28, 2022 12:12:25

GreenBox (NASDAQ: GBOX), an emerging and rapidly growing financial technology company, today announced a CEO letter to shareholders. In the letter, GBOX Chief Executive Officer Fredi Nisan discussed the company’s maturation over the years and his encouragement in the company’s accomplishments and future. “No doubt, we are keenly aware of volatile changes in the competitive landscape and business environment that have left numerous organizations rethinking their strategy. Nonetheless, we remain laser-focused on the long-term execution of our business strategy, with steadfast confidence in our highly differentiated technology,” Nisan stated. “Our commitment to driving shareholder value is not, and should not, be affected by short-term changes in the company share price. Our belief is that when you build a great company, the stock price will take care of itself. It is our responsibility to not only focus on this mission but also to clearly communicate to all stakeholders how we plan on achieving it. As such, this is the primary reason we are issuing this letter…”

To view the full press release, visit https://ccw.fm/P0Cxq

About GreenBox POS

GreenBox is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The company’s applications enable an end-to-end suite of turnkey financial products with fraud detection technology, improving the efficiency of handling large-scale commercial processing volumes for its merchant clients. For more information, please visit the company’s website at www.GreenBoxPOS.com.

NOTE TO INVESTORS: The latest news and updates relating to GBOX are available in the company’s newsroom at https://ccw.fm/GBOX

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Lightning Network to Spread Bitcoin Awareness Through Worldwide Channel Access

June 28, 2022

June 28, 2022 11:50:00

The Lightning Network capacity is US $82,800,210
LQwD’s longest running node is US-West, with a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of 106
LQwD has a total of 17 active nodes worldwide on the Lightning Network
The global cryptocurrency market was valued at US $1.49 billion and is expected to reach US $4.94 billion by 2030

Five years ago, on May 10, 2017, Christian Decker of Blockstream made the first non-test transaction on the Lightning Network. The transaction, conducted in Litecoin, was settled within one second. Today, the Lightning Network has grown on a massive scale, with over 17,000 nodes and almost 85,000 channels. The Network’s capacity, as of June 23, 2022, was US $82,800,210. LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, has invested its own reserves in enhancing the experience of the Lightning Network.

In November 2021, LQwD launched its first node and proprietary platform as a service offering (“PaaS”), https://lqwd.tech/, to the public. As LQwD’s longest operational node, US-West has a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of…

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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Wire Network Unveils Crypto Interoperability Wallet

June 27, 2022

June 27, 2022 14:05:00

Wire Network has unveiled a protocol called Universal Polymorphic Address protocol (UPAP) designed to allow its users to own a digital wallet that is readable regardless of the specific blockchain on which a user’s NFTs or cryptocurrencies are built. The protocol achieves this by giving each user a universal address that can be accessed from any blockchain system as long as one has the authentication credentials.

The UPAP protocol can also facilitate gaming, has improved usability and enhanced security from cyberattacks, and can be scaled quickly to suit any decentralized apps or…

NOTE TO INVESTORS: The latest news and updates relating to BlockQuarry Corp. (OTC: BLQC) are available in the company’s newsroom at http://ibn.fm/BLQC

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CryptoNewsBreaks – TiiCKER Featured in CryptoCurrencyWire Production

June 27, 2022

June 27, 2022 10:21:33

IBN (InvestorBrandNetwork), a multifaceted communications organization engaged in connecting companies to the investment community, has announced the release of the latest CryptoCurrencyWire production as part of its sustained effort to provide specialized content distribution via widespread syndication channels. According to the update, the latest production features Jeff Lambert (“Tii:JEFE”), founder and CEO of TiiCKER, the first intelligent software platform that engages, verifies and rewards retail shareholders with stock perks. “TiiCKER really came out of frustration,” Lambert said during the interview. “I’ve been doing investor relations for public companies for 25 years, and we could never connect with individual investors. During that time, they’ve become a larger audience… It’s gone from 56 million Americans to 130 million Americans with their own brokerage accounts in the last five years. What we discovered is that if you create a platform to connect [companies with investors], companies really want to provide perks or shareholder rewards to their owners, and that’s what TiiCKER does.”

To view the full press release, visit https://ccw.fm/LQrqD

About TiiCKER

Launched in 2020, TiiCKER invented verified stock perks and direct-to-shareholder marketing through its web-based and mobile app software platform that provides consumers and investors a revolutionary way to engage with the brands they love. For America and Canada’s 142 million retail investors, TiiCKER provides access to shareholder perks, commission-free trading and custom content for the brands they own. For its public company brand partners, TiiCKER engages, verifies and rewards retail investors while maximizing Shareholder Lifetime Value(TM). For more information, please visit www.TiiCKER.com.

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How Higher Education Institutions Can Benefit from Blockchain Technology

June 24, 2022

June 24, 2022 12:35:00

While many universities and colleges are involved in research about blockchain technology, not many of them have put their feet in the water and actually used the technology. This is unfortunate, because blockchain technology can play an immense role in improving several aspects of higher education institutions, included the following:

Improving Record Keeping

Many colleges and universities currently use antiquated record-keeping systems that have been in use for decades. Those systems can no longer cope with the current realities in higher education. For example, students can now take a variety of course units offered by different schools or even…

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CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Focused on LW Solutions as Bitcoin’s Reputation Shifting to Medium of Exchange

June 24, 2022

June 24, 2022 12:27:25

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LW”), is working toward its goals by adding more nodes on the LW. “The company has increased its total number of nodes on the LW to 17. The company recently added new nodes in Canada, South Korea, Brazil, Hong Kong, South Africa, Bahrain, and Japan. These new ones join previously launched nodes in the U.S., Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England,” a recent article reads. “Because Bitcoin blockchain transactions are notoriously slow and expensive, the Lightning Network changes the dynamic, offering an almost instantaneous settlement of transactions and almost non-existent fees… The reputation of Bitcoin is slowly changing thanks to the LW, shifting it from an exclusive store of value into a medium of exchange… The Lightning Network is unlocking the potential and next stage of growth for Bitcoin by allowing for day-to-day transactions instead of using it as a store of value on the internet.”

To view the full article, visit https://ccw.fm/LMmCz

About LQwD FinTech Corp.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Becomes Among Sector’s 1st to Ensure Real-Time Custodial Account Attestations

June 24, 2022

June 24, 2022 11:40:00

GreenBox (NASDAQ: GBOX) is a financial technology company that leverages proprietary blockchain security and token technology to deliver customized payment solutions. The company has consistently called for improved processes to make the stablecoin industry custodial and transactional — the two elements GreenBox believes are critical to the industry’s long-term success. Upon completing a rigorous process, GreenBox has announced a partnership with accounting and consulting firm Armanino to attest to all GreenBox custodial accounts in real-time. “I could not be more pleased to see the stablecoin industry and the regulators move in the direction GreenBox has built our company on since our founding,” said GreenBox POS Chairman Ben Errez. “We anticipate that with time, major industry players will continue to adopt the principles of real-time reporting and a fully liquid backing. Through our coyni stablecoin and platform, we are the only company in the industry that has been doing so since our founding.”

To view the full press release, visit https://ccw.fm/mURGX

About GreenBox POS

GreenBox is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The company’s applications enable an end-to-end suite of turnkey financial products, fraud detection and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the company’s website at www.GreenBoxPOS.com.

NOTE TO INVESTORS: The latest news and updates relating to GBOX are available in the company’s newsroom at https://ccw.fm/GBOX

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CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Repurchase of Outstanding Warrants for ~$6.61M

June 23, 2022

June 23, 2022 15:48:01

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, has announced its entry into agreements with certain warrant holders to repurchase over 4.72 million outstanding warrants of the company for an aggregate purchase price of approximately US$6.61 million. According to the update, the company issued the warrants in May 2021 pursuant to (i) certain securities purchase agreement (the “SPA”) between the company and the purchasers party thereto, dated April 29, 2021, and (ii) certain placement agent agreement between the company and the placement agents thereto, dated April 29, 2021. Simultaneously, the parties amended the terms of the SPA in a manner that is expected to provide Canaan with more flexibility with respect to future issuances of ADSs, ordinary shares or ordinary share equivalents, as defined in the SPA.

To view the full press release, visit https://ccw.fm/Aap67

About Canaan Inc.

Established in 2013, Canaan is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. The company’s vision is “super computing is what we do, social enrichment is why we do it.” Canaan has a rich experience in chip design and streamlined production in the ASIC field. In 2013, it released and mass produced its first ASIC Bitcoin mining machine. In 2018, Canaan released the world’s first 7nm ASIC chip, providing energy efficient computing equipment to the cryptocurrency mining industry. In the same year, Canaan released the world’s first RISC-V architecture commercial edge AI chip, further harnessing the potential of ASIC technology in the field of high-performance computing and artificial intelligence.

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CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces $16M Registered Direct Offering

June 23, 2022

June 23, 2022 15:43:47

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a securities purchase agreement with certain institutional investors. The registered direct offering is for the purchase and sale of 16,000,000 of the company’s American Depositary Shares (“ADSs”) (or pre-funded warrant to purchase certain ADSs (“ADS Equivalent”) in lieu thereof), Series A Warrants to purchase up to an aggregate of 16,000,000 ADSs and Series B Warrants to purchase up to an aggregate of 16,000,000 ADSs, at a combined purchase price of US$1.00 per ADS (or ADS Equivalent) and associated warrants. Each ADS represents ten (10) Class A ordinary shares, par value US$0.00005 per share, of BIT Mining. Subject to the satisfaction of customary conditions, the offering is expected to close on or about June 27, 2022. H.C. Wainwright & Co. LLC is acting as the exclusive placement agent for the offering.

To view the full press release, visit https://ccw.fm/xS9KO

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position. For more information about the company, visit www.BTCM.Group.

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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Q1 2022 Financial Results

June 22, 2022 15:12:59

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, today announced its unaudited financial results for the first quarter ended March 31, 2022. Among the highlights, the company reported $8.0 million in bitcoin mining revenue and $0.5 million in ethereum mining for the first quarter of 2022. Management commentary reads as follows: “The first quarter of 2022 marked the first full quarter in which 100% of our mining fleet was on North American soil. With migration complete, our focus remains deploying our fleet while remaining a leader in sustainability. We’re proud of our progress and especially our team’s rapid response to recent operational challenges.”

To view the full news release, visit https://ccw.fm/cd8qR

About Bit Digital Inc.

Bit Digital is a digital assets mining company headquartered in New York City. Its mining operations are located in North America. For additional information, please contact [email protected] or visit our website at www.Bit-Digital.com.

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Three Ways DeFi, Cryptocurrencies Improve the World

June 22, 2022 13:20:00

While cryptocurrencies and the technologies around them such as blockchain tech are still niche technologies, we are seeing an increasing array of different applications through which the world is being made a better place. We highlight some of those below.

Funding oppressed people and dissidents

Gary Kasparov, the chess legend who has now taken to advocating for human rights, says that cryptocurrencies can be a major tool through which people opposed to regimes that are…

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CryptoNewsBreaks – BlockQuarry Corp. (BLQC) Featured on Stock Day Podcast

June 22, 2022 13:06:29

BlockQuarry (OTC: BLQC), a company that focuses on cryptocurrency mine hosting and self-mining operations at its leased property in the Southeast U.S., was featured on a recent episode of the Stock Day Podcast. BlockQuarry’s Founder and President Alonzo Pierce joined Stock Day host Sever Copley to discuss the first phase of the company’s mining operations, as well as what investors can look forward to for the rest of the year and beyond. “Phase one is going great… We are currently running at full capacity, at 20 megawatts. The best is yet to come… Our host model and the revenues allow us to drive a clear profit. We are in times right now where the market is down, yet with our partnerships and strategic hosting opportunities, we remain positive… When our second quarter comes out in August, it will show another leg up. We are excited, and we are staying positive and encouraged for the opportunities that have been set before us,” said Pierce, before further discussing the expansion of BlockQuarry’s revenue model as vital to move into the next phases of the project. “Our new ventures with energy and infrastructure are also key elements that will give us a stronger and more positive balance sheet.”

To view the full press release, visit https://ccw.fm/cWGGf

About BlockQuarry Corp.

BlockQuarry focuses on cryptocurrency mine hosting and self-mining operations at a leased property located in the Southeast U.S. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.

NOTE TO INVESTORS: The latest news and updates relating to BLQC are available in the company’s newsroom at http://ibn.fm/BLQC

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CryptoNewsBreaks – PIXELYNX Announces Partnership with, Investment in New Cloud-Based Interactive Platform

June 22, 2022 09:25:36

PIXELYNX, the music metaverse platform founded by notable DJs Joel Zimmerman, aka deadmau5, and Richie Hawtin, aka Plastikman, is partnering with Oorbit, a new type of cloud-based interactive platform with interoperable AAA-quality games and virtual worlds, to provide browser-based music and entertainment experiences. The long-term collaboration entails PIXELYNX utilizing the Oorbit platform to create fresh, innovative experiences from leading artists, labels, IP holders and brands. According to the announcement, Oorbit is particular about which companies it works with and is committed to partnering with only the best companies that feature top building skills and communities. The new partnership will allow Oorbit to test new content formats and work toward its goal of achieving a cloud native experience format that can cater to all new digital creators and communities of all sizes. The announcement also noted that PIXELYNX has joined other prominent investors, including Mark Cuban and former Square Enix CEO Mike Fischer, in investing in Oorbit during its latest fundraising round. “In testing the Oorbit platform, we were instantly impressed with their approach to cloud gaming,” said PIXELYNX cofounder and CEO Inder Phull in the press release. “The Oorbit team shares our vision of launching new formats that fans can access anywhere without the need for high-end devices. This partnership will help give artists a new canvas where they can design AAA-quality experiences using the PIXELYNX platform and distribute them on the web using Oorbit cloud-streaming technology.”

To view the full press release, visit https://ccw.fm/IIRFt

About PIXELYNX

PIXELYNX is a new gaming venture created by iconic musicians and technologists Joel Zimmerman (aka deadmau5), Richie Hawtin (aka Plastikman) and music industry visionaries Ben Turner (Graphite; IMS: International Music Summit; AFEM: Association for Electronic Music), Dean Wilson (Seven20 Entertainment/mau5trap) and Inder Phull. The company, based in London and Los Angeles, is focused on building a music metaverse that will transform the way artists connect and engage with their fans through gaming experiences. For more information about this company, visit www.PIXELYNX.io.

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Blockchain Technology Could Help Accelerate Climate Action

June 17, 2022

June 17, 2022 10:20:00

Runaway climate change over the past decades has drawn the attention of the world, and global leaders have been scrambling to come up with measures to halt or even reverse some of the effects accelerating global warming. Grand promises have been made, but action is woefully inadequate as we head to the 2050 deadline to net-zero.

However, blockchain technology can be leveraged to unlock the carbon market and scale the use of carbon credits in the fight against climate change. Currently, registries such as Gold Standard and Verra issue carbon credits to organizations and entities that can’t avoid generating greenhouse gases in their…

NOTE TO INVESTORS: The latest news and updates relating to Tingo Inc. (OTC: TMNA) are available in the company’s newsroom at http://ibn.fm/TMNA

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Sees Growth from Lightning Network Nodes; Company Executive Publishes Guest Post About Using Bitcoin to Increase Trust on the Internet

June 17, 2022

June 17, 2022 09:35:00

Since the summer of 2021, the number of users with access to the Lightning Network has increased from approximately 100,000 to over 80 million
LQwD’s current channel count on the Lightning Network is 17 and connects countries worldwide
LQwD currently has active nodes spanning the US, Japan, England, Canada, France, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, and Ireland
Company executive Stephen Thompson wrote an article for Bitcoin Magazine expressing that Bitcoin (as a network) could be the additional layer of trust needed with the internet infrastructure today

Over the last 30 days, the Bitcoin Lightning Network (“LN”) has experienced an increase in channel capacity, despite the current decline and bear market being experienced by much of the cryptocurrency world. The current capacity is teetering at the 4,000 BTC mark, translating into a growth of over 5% across the last 30 days (https://ccw.fm/aupkG).

Arcane Research’s The State of Lightning Volume 2 was released in April 2022 and used transactional data from the platform to support its findings. With the adoption of the Lightning Network platform quickly rising, the research indicated that the number of payments over the past year has doubled, and the…

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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CryptoNewsBreaks – ANYONE to Release ‘The Sylvia Sessions,’ a Tribute, First-Ever NFT Album Featuring the Late Taylor Hawkins

June 16, 2022

June 16, 2022 14:12:35

TogethermenT Records has announced the release of a new album by the critically acclaimed rock band ANYONE, featuring the late Taylor Hawkins on drums. The album entitled “The Sylvia Sessions” is slated for release on June 20 and will be available as a deluxe NFT package with exclusive video, pictures and liner notes via BandNfts.com, the NFT marketplace of BandRoyalty. “The Sylvia Sessions” is a historically significant release, and the first full album to ever be released as an NFT, showcasing the earliest recordings of Taylor Hawkins to ever be heard – recorded in 1993 and originally released as a demo tape. Capturing his youthful exuberance, the album features Hawkins playing with the explosive attack that would ultimately make him a rock drumming legend.

To view the full press release, visit https://ccw.fm/LiVXs

About ANYONE

ANYONE was formed by Riz Story, along with Jon Davison (Yes) and Taylor Hawkins (Foo Fighters) in the late ‘80s in Laguna Beach, California. Hawkins and Story worked together for the band’s early years and together created the band’s unique sound, which was dubbed “Maximum Acid” by the press. Hawkins and Davison were replaced by the time the band signed with RoadRunner Records in 2000. Their self-titled debut album received much critical acclaim, including a 5-star rating from Rolling Stone (Adrian Zupp). In October of 2016, the single “Fly Away” was featured in Story’s debut feature film “A Winter Rose” and became the most listened to rock song in America on digital radio, hitting No. 1 on the DRT National Airplay Rock Chart. The 2020 album release of “On the ending earth…” was met with widespread critical acclaim, as was the monumental “In Humanity” album released in October of 2021. “In Humanity” is a double-concept album featuring an unprecedented display of virtuosity by Riz Story, who performed all instruments and vocals as well as producing, mixing and mastering. For more information, visit www.ANYONEden.net.

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CryptoNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Provides Corporate Update

June 16, 2022

June 16, 2022 13:21:12

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network, has reported a key corporate update. The company announced that Peter Loretto, an independent director, has resigned from his role. The company indicated that he was resigning for personal reasons. “LQwD would like to thank Mr. Loretto for his contributions, and the Board now consists of Shone Anstey, Ashley Garnot, Pino Perone and Kim Evans,” the company stated in the press release.

To view the full press release, visit https://ccw.fm/a4kw4

About LQwD Fintech Corp.

LQwD is a Lightning Network service provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling Bitcoin. LQwD also holds and acquires Bitcoin as an operating asset establishing nodes and payment channels across the Lightning Network. For more information, please visit www.LQwDFintech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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Crypto-Based Evidence Could Help Pin War Crimes in Ukraine on Russia

June 15, 2022

June 15, 2022 11:05:00

In what could be a first, crypto-based evidence may be used to prove in court that Russia engaged in acts that can be described as war crimes. Starling Lab, a research facility linked to Stanford University, is spearheading the collection and verification of evidence to support this effort. That evidence has been found on the internet.

For example, there is a photo that was uploaded by someone on Telegram. The photo showed a school building in the Ukrainian city of Kharkiv with a blast hole in one wall, and the user claimed that a missile fired by Russia was responsible for that damage. If this claim is true, it can be used to prove that…

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CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Collaborates to Launch Digital Transformation of Payment Solutions in American Samoa

June 14, 2022 15:28:39

GreenBox (NASDAQ: GBOX), a financial technology company that leverages proprietary blockchain security and token technology to deliver customized payment solutions, today announced the launch of its platform with Territorial Bank of American Samoa (“TBAS”). According to the update, the platform will provide digital payment solutions for businesses and consumers in American Samoa. “Digital transformation of payment solutions on the island is a key building block of Territorial Bank’s five-year strategic plan to modernize the banking sector in American Samoa and across the Pacific Islands. GreenBox’s technology will help realize that,” said Owen Peery, vice president and chief operations officer of Territorial Bank of American Samoa. “Territorial Bank is working closely with GreenBox POS on several related projects, all geared toward transitioning the island from a cash-based economy to a fully digital economy. The team at GreenBox has been exceptional to work with, and we look forward to a successful deployment of GreenBox’s platform and much-improved payment experience for our customers.”

To view the full press release, visit https://ccw.fm/8ARau

About GreenBox POS

GreenBox is an emerging financial technology company leveraging proprietary blockchain security and USD-pegged stablecoin token technology to build customized payment solutions for merchants and consumers. Founded in 2017 in San Diego, GreenBox’s applications enable an end-to-end suite of turnkey financial products, fraud detection and improve the efficiency of handling large-scale commercial processing volumes. The GreenBox platform offers a number of distinct advantages over traditional payment technologies including greater security and data privacy, enhanced identity theft protection and rapid speed to settlement. As a result, the GreenBox platform can log immense volumes of immutable transactional records in real-time for tier-1 partners around the globe. For more information, visit the company’s website at www.GreenBoxPOS.com.

NOTE TO INVESTORS: The latest news and updates relating to GBOX are available in the company’s newsroom at https://ccw.fm/GBOX

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CryptoNewsBreaks — BIT Mining Limited (NYSE: BTCM) Releases 2021 Annual Report

June 14, 2022 13:05:33

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, has officially filed its annual report on Form 20-F with the Securities and Exchange Commission (“SEC”). The report, which was filed on April 7, 2022, covers the fiscal year ended Dec. 31, 2021. According to the announcement, interested parties can find the report on the SEC’s website and on the company’s investor relations website; the company will also provide a complimentary copy of the report, which includes audited consolidated financial statements, to shareholders and ADS holders on request.

To view the report, visit https://ccw.fm/WQSX0

To view the full press release, visit https://ccw.fm/lS2E9

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data-center operation. The company owns the world’s top blockchain browser — BTC.com — and the comprehensive mining pool business operated under BTC.com, providing multicurrency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing Bit Mining’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position. For further information about the company, visit www.BTCM.group.

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Speculation of Bear Market Reinforced by Crypto Declines and Cutbacks

June 14, 2022 11:05:00

Bitcoin reached an all-time low of $22,725 since December 2020
Other cryptos are feeling the strain, many of which are facing value declines of more than 30% in just a week
Many crypto-focused companies have begun issuing hiring freezes and layoffs as a result of the low-valued prices
Crypto exchange Gemini is laying off at least 10% of its employees, citing a turbulent market and “crypto winter”

Speculation of a bear market has become a reality. Bitcoin just reached an all-time low (since December 2020), with a value of $23,981. Other cryptocurrencies are feeling the effects of this bear market as well, with the total cryptocurrency market cap declining to $1.02 trillion as of June 13, 2022, from $3 trillion in November 2021.

According to Antoni Trenchev, co-founder and managing partner of crypto lending platform Nexo, “Cryptos remain at the mercy of the Fed and stuck in a merry dance with the Nasdaq and other risk…

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Increases Node Count on Bitcoin Lightning Network as Network Shows 300%+ Growth

June 14, 2022 08:50:00

The Lightning Network has seen growth of more than 300% since mid-2021, despite the recent decline of Bitcoin
LQwD’s nodes on the Lightning Network include global coverage in Canada, South Korea, Brazil, Hong Kong, South Africa, Bahrain, Japan, the US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England
The global cryptocurrency market was valued at US $1.49 billion in 2020, and is projected to reach US $4.94 billion by 2030

The Bitcoin Lightning Network (“LN”) has experienced explosive growth recently, despite the volatility of the cryptocurrency. Recent reports have indicated that Bitcoin has experienced negative growth – by more than 30% since the beginning of the year (https://ccw.fm/1fcS7). The opposite is true about the layer 2 payment protocol on the Bitcoin blockchain, with more than 3,900 BTC on the network. The LN has experienced growth of more than 300% since mid-2021. Because Bitcoin blockchain transactions are notoriously slow and expensive, the Lightning Network changes the dynamic, offering an almost instantaneous settlement of transactions and almost non-existent fees (https://ccw.fm/Gupdb).

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a fintech company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is working toward its goals by adding more nodes on the Lightning Network. Since the last publication, the company has increased its total number of nodes on…

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UK to Begin Testing Blockchain Technology in Market Activities

June 13, 2022

June 13, 2022 12:05:00

In a bid to become a worldwide crypto hub, the United Kingdom has announced that it will undertake live testing of blockchain technology during market activities such as trading stocks as well as bonds, and settlement of those completed transactions. These tests are scheduled to begin in 2023.

Gwyneth Nurse, the director general in charge of financial services at the United Kingdom’s Ministry of Finance, says the use of distributed ledger technology is a vital priority through which the infrastructure…

NOTE TO INVESTORS: The latest news and updates relating to LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) are available in the company’s newsroom at http://ibn.fm/LQWDF

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CryptoNewsBreaks – IBN to Sponsor Upcoming Digital Assets: Exploring The Metaverse & Crypto Assets Conference

June 13, 2022

June 13, 2022 11:31:33

IBN, a multifaceted corporate communications organization engaged in connecting private and public companies to the investment community, today announced its sponsorship of the Digital Assets: Exploring The Metaverse & Crypto Assets Conference. Maxim Group LLC and M-Vest are presenting and hosting the event, which is slated to take place beginning at 10:00 a.m. ET on Thursday, June 23, 2022. The conference will feature virtual panels with executive management from several public and private companies, moderated by Maxim Group research analysts. Topics of focus include: the impact of rising rates on the value of bitcoin and other digital assets, future market opportunities and development around collectables and gaming, emerging regulation around crypto assets and trading, and the application of NFTs and the metaverse to personal identity.

To view the full press release, visit https://ccw.fm/PjX1D

About IBN (“InvestorBrandNetwork”)

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Uncertainty Surrounds Bitcoin Mining in New York while Other States Begin Deep Dive on Benefits of Digital Currency Implementation

June 13, 2022

June 13, 2022 10:20:00

New York’s bill to put a temporary ban on Bitcoin mining is in the hands of Governor Hochul – who plans to carefully review it before making a decision (it could be six months or more)
The Biden Administration called on federal entities to begin researching the benefits of cryptocurrency implementation
Pennsylvania and California have begun efforts to analyze the pros and cons of digital currency in their respective states

The fate of Bitcoin mining currently resides in the hands of Governor Kathy Hochul. New York Senate passed a first-of-its-kind moratorium initially drafted by Ithaca Assembly member Anna Kelles in early June. If signed, it could temporarily halt crypto mining in the state due to the energy-intensive process of proof-of-work crypto mining and stop companies from setting up mining operations in retired fossil fuel plants.

Governor Hochul has not indicated her stance on whether she will sign the bill or she will veto it. “We’ll be looking at all the bills very closely. So we have a lot of work to do over the next, actually, six months,” Hochul said (https://ccw.fm/1DCIt). The Governor’s progressive primary challenger, Jumaane Williams, has…

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Bipartisan Senators Introduce Bill to Regulate Digital Assets

June 10, 2022

June 10, 2022 11:05:00

Senators Kirsten Gillibrand and Cynthia Lummis recently introduced a bipartisan draft law whose objective is to bring the “Wild West” digital assets space under the watchful eye of regulators.

Under the proposed law, many digital assets would be regarded as commodities, much like oil and wheat, and the duty of overseeing this market would fall upon the Commodities Futures Trading Commission (CFTC). The two senators said their long-awaited law aimed at…

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CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces May 2022 BTC Production, Mining Operation Updates

June 10, 2022

June 10, 2022 10:44:43

Marathon Digital Holdings (NASDAQ: MARA), one of the largest enterprise bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for May 2022. “Although we continue to install miners at the Texas facilities, we have experienced delays in energization as Compute North’s energy provider awaits federal agency confirmation of its exempt status for tax purposes based upon its arrangements with Compute North. While these delays have been disappointing, our current understanding is that miners should start to come online this month. We continue to work closely and actively engage with Compute North to gain more insight into the energy provider’s timeline and to ensure that these delays, once resolved, will not impact our future deployments,” said Fred Thiel, Marathon’s chairman and CEO. “In the meantime, installations of our miners have progressed irrespective of the energization schedule. Currently, in addition to our active fleet, we now have 19,000 miners, representing approximately 1.9 EH/s, that have been installed and ready for energization. Over 9,000 of these units, representing 0.9 EH/s, are at Compute North’s first major facility in West Texas. The remainder are installed at other locations. This first major facility is being completed in four stages. Stage one is already complete. It is our understanding that the entire facility, which will house approximately 68,000 of our miners, will be fully constructed with all miners in installed by the end of the third quarter of 2022.”

To view the full press release, visit https://ccw.fm/QoJCQ

About Marathon Digital Holdings Inc.

Marathon is a digital asset technology company that mines bitcoin with a focus on the blockchain ecosystem and the generation of digital assets. For more information about the company, visit www.MarathonDH.com.

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Bitcoin Mining Community in New York Awaits Outcome of State Senate Bill Banning Mining Operations Running on Carbon-Based Power Sources

June 10, 2022

June 10, 2022 08:50:00

Governor Kathy Hochul could change the fate of bitcoin mining in New York by vetoing the bill
The bitcoin mining community anticipates a domino effect that could span the entire country if this bill passes
The bill comes in the wake of the Climate Leadership and Community Protection Act requiring New York’s greenhouse gas emissions to be cut by 85% by 2050

Last week, New York’s lawmakers passed a bill that bans specific bitcoin mining operations running on carbon-based power sources. The bill, which originally passed the State Assembly in late April before heading to the State Senate, calls for a two-year moratorium on certain mining operations using proof-of-work authentication methods to validate blockchain transactions. Proof-of-work mining requires specialized gear and massive amounts of electricity to mine bitcoin. Ethereum has publicly announced efforts to switch to a less energy-intensive process but will need to continue using the same method for at least a few more months.

Those lawmakers backing the legislation want to curb New York’s carbon footprint by cracking down on the miners using electricity from power plants burning fossil fuels. For two years, unless a proof-of-work…

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CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Lightning Network with PaaS Offering

June 9, 2022

June 9, 2022 14:56:53

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”), is among companies that are not in the “watch and wait” mode when it comes to Bitcoin or the LN. This is despite observers’ expectations that the crypto market will stay in a bear phase for some time. “LQwD is still leveraging the Lightning Network with its platform as a service (‘PaaS’). LQwD launched its PaaS offering lqwd.tech in November 2021, the same time it launched its first node on the Lightning Network in the United States. Since then, LQwD has strategically launched many additional nodes worldwide,” a recent article reads. “The Bitcoin blockchain does not have the capacity to facilitate thousands of payments at one time, making the scaling of the Lightning Network even more important as acceptance of cryptocurrency rises. The Bitcoin Lightning Network continues to grow, despite the volatility of the actual market. As of recent reports (March 2022), the capacity of the Lightning Network currently exceeds 3,539 BTC.”

To view the full article, visit https://ccw.fm/WYPnS

About LQwD FinTech Corp.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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Russian Tech, Manufacturing Conglomerate Creates Blockchain-Based Replacement for SWIFT

June 8, 2022 12:35:00

Rostec, a Russian technology and manufacturing conglomerate, has announced that has completed the development of a blockchain-based system that will make it possible to process payments internationally and store digital currencies securely. This system is intended to provide a trusted alternative to the SWIFT system, from which many Russian entities have been locked out of as a consequence of the sanctions imposed upon Russia by Western powers after the country invaded its neighbor Ukraine back in February.

The corporation, owned by the Russian state, wants to increase available options through which Russia and the banks operating within the country process payments internationally despite being disconnected from SWIFT. At the moment, the government has been asking its…

NOTE TO INVESTORS: The latest news and updates relating to GreenBox POS (NASDAQ: GBOX) are available in the company’s newsroom at http://ibn.fm/GBOX

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CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Reports May 2022 Production Update

June 8, 2022 12:07:46

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has released its Bitcoin production numbers and corporate updates for May 2022. Highlights of the report indicate that the company earned 53.4 bitcoins and 27.0 ETHs in May, with treasury holdings of BTC and ETH totaling 793.6 and 316.1 respectively; fair market value of each are approximately $25.2 million and $0.6 million, respectively. In addition, the company reports that as of May 31, 2022, it owned 33,376 Bitcoin miners and 731 Ethereum miners with an estimated maximum total hash rate of 2.17 EH/s and 0.3 TH/s, respectively. Regarding miner deployments during the month, Bit Digital continued to work with hosting partners to deploy miners, with 17.9% of its currently owned fleet, or 6,114 Bitcoin miners representing 0.352 Exahash (“EH/s”), being deployed in North America.

To view the full press release, visit https://ccw.fm/XRBOM

About Bit Digital Inc.

Bit Digital is a Bitcoin mining company headquartered in New York City. The company’s mining operations are located in North America. For additional information about this company, visit www.Bit-Digital.com.

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Wild West Crypto Show Delves into Web3, It’s ‘Gonna Be Huge!’

June 8, 2022 11:50:00

Conservative alt-coin podcast hosts Drew Taylor and Brent Bates recently welcomed guests and the audience to another episode of their wildly popular Wild West Crypto Show. Special guests to the program included J.D. Seraphine, a mover and shaker in the entertainment, crypto world and beyond. CryptoCurrencyWire’s Jonathan Keim also joined the show to share the three hottest stories in cryptocurrencies for the week. Of these, Keim discussed how Binance raised $500m that it plans to invest in Web3 as crypto slides into the bear market. “This comes on the heels of last week’s announcement that A16z is launching a $4.5 billion fund. It’s pretty amazing to see the growing competition from investors pouring money into Web3 startups regardless of where crypto prices are currently at,” Keim said. “According to Ken Li, Binance Labs’ executive director of investments, start-up valuations of a billion dollars or more are slowing down a bit. But there’s no current impact in early stage private markets.”

To watch the latest episode, visit https://ccw.fm/e7cUX

About Wild West Crypto Show

The Wild West Crypto Show appears on TV in multiple markets across the country as well as online as a humorous and educational forum for providing information with the intent of reducing some of the consumer wariness about alt currency. For more information about the show and to view the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring recent news from around the world, visit www.WildWestCryptoShow.com.

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The Countdown Is On! – 2 Months Until ETHToronto Kicks Off, Followed By Blockchain Futurist Conference

June 8, 2022 11:05:00

Blockchain Futurist Conference, Canada’s largest crypto event, is coming to Toronto, along with the ETHToronto, the official Hackathon of the Blockchain Futurist Conference. The conference will be being held from August 9-10, 2022 at the Rebel Entertainment Complex & Cabana, Toronto, Canada. The ETHToronto hackathon will be held from August 8-10, 2022 inside the 40,000 square foot mega hacker indoor dome, attached to the main venue of Futurist Conference.

Key Points:

Tickets are selling fast and prices go up every Friday.
For those who are unable to attend the in-person event, the conference will be live in the Metaverse through Cryptovoxel brought to you by Sydtek and Women In Blockchain Canada
There are 2 categories of tickets: General Admission and VIP. These tickets are available to purchase with BTC, ETH, USDT or any major credit card. .
All passes get access to the networking events attached to the venue.
There will be an exclusive NFT gallery to view and purchase the NFTs. NFT Artists can apply to showcase their artwork for free here.

Hosted on a stunning waterfront venue, attendees will witness an amazing networking and learning platform. The event will witness 5000 people of the NFT, Metaverse, Defi, crypto, blockchain and DAOs…

To learn more, please visit https://www.futuristconference.com

To learn more about the ETHToronto event, please visit https://www.ethtoronto.ca

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CryptoNewsBreaks – Coinbase Global Inc. Announces Participation in Upcoming Morgan Stanley US Financials, Payments & CRE Conference

June 7, 2022

June 7, 2022 10:28:45

Coinbase Global will be presenting at the next Morgan Stanley US Financials, Payments & CRE Conference. The company announced that Brett Tejpaul, head of Coinbase Institutional, will be part of a fireside chat at the Morgan Stanley conference. The presentation is slated for Monday, June 13, 2022, with the fireside chat scheduled to start at 3:15 p.m. ET. Those interested can watch the live presentation on the Coinbase investor relations website; a replay of the presentation will also be available. Started in 2012, Coinbase was established with the goal of building a more fair, accessible, efficient and transparent financial system enabled by crypto. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

To view the presentation, visit https://ccw.fm/7H2Ab

To view the full press release, visit https://ccw.fm/3m9JG

Coinbase Global Inc.

Coinbase is building the cryptoeconomy — a more fair, accessible, efficient and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. For more information about the company, visit www.Coinbase.com

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Adds New Member to Board; Releases New Lightning Network Node in South Korea

June 7, 2022

June 7, 2022 08:50:00

The Lightning Network continues to grow despite the current situation within the Bitcoin market – registering a high capacity of 3,915.34 BTC
LQwD has released two more nodes on the Lightning Network, creating a network reach that includes Canada, South Korea, US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England
The company has appointed Peter Loretto to the board to replace Dean Sutton
LQwD is a part of Visa’s Fintech Fast Track program, leveraging Visa’s services for global reach and capabilities
The cryptocurrency market was valued at US $1.6 billion in 2021 and is expected to grow to US $2.2 billion by 2026

Despite the recent struggles of the cryptocurrency market, the Lightning Network has continued to make advances, hitting a capacity high of 3,915.34 BTC, even though the Bitcoin sector has declined to lows below US $32,000. One company making strides on the Lightning Network is LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption. The company released its platform as a service (“PaaS”) offering for the Lightning Network in November 2021 – https://lqwd.tech.

LQwD recently released two more nodes on the Lightning Network in Canada and South Korea. In addition to the newest nodes, the company also has active nodes in the U.S., Ireland, India, Germany…

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Issues May 2022 Production Update

June 6, 2022

June 6, 2022 13:23:35

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) today announced production figures from its global Bitcoin and Ethereum mining operations for the month of May 2022. Among the highlights, the company reported a BTC HODL balance of 3,186 Bitcoin as of June 5, 2022. “We are pleased to report in May HIVE continued its strong momentum in expanding our hashrate, notably our Bitcoin mining hashrate grew by 8% this month, through installations and electrical upgrades,” said Frank Holmes, executive chairman of HIVE. “In May we produced an average of 8.8 BTC per day, and we are pleased to note that as of today, we are producing approximately 9.2 BTC a day even after the recent difficulty increase of 5.5%.”

For more information, view the full press release

About HIVE Blockchain Technologies Ltd.

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City of Reno Unveils First City-Operated Blockchain Platform

June 6, 2022

June 6, 2022 11:50:00

The City of Reno in Nevada has made history as the first city in the United States to create and run a blockchain platform focused on addressing the needs of the residents. That platform has been dubbed the Biggest Little Blockchain.

Speaking at an event to unveil the platform, Reno mayor Hillary Schieve revealed that she was excited because this technology showcases how useful blockchain technology can be for the residents of…

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Cryptocurrency and Blockchain Technologies Address Global Challenges, Including Environmental Crisis Through Carbon Offsets

June 5, 2022

June 5, 2022 11:05:00

The UN Environmental Programme considers blockchain a potential opportunity for the reduction of carbon emissions and other environmental impacts faced globally
Cryptocurrency and blockchain technology has the potential to create a positive environmental impact through the use of digital ledgers and carbon credits
Carbon credits are digital certificates purchased by companies and environmental projects certifying that they have reduced emissions by at least 1 tonne of CO2 or equivalent greenhouse gas in a given year
Companies can be considered carbon neutral if the number of carbon credits purchased equals their carbon footprint
The voluntary carbon offsets market was valued at $305.8 million in 2020 and is expected to reach $700.5 million by 2027

Since being introduced in 2008, cryptocurrency and blockchain have become an emerging technology trend making headlines and catching the attention of venture capitalists. Often used interchangeably, crypto and blockchain technology are not the same. Since inception, hundreds of cryptocurrencies have emerged, creating an alternative to fiat currency – a decentralized financial currency. On the other hand, blockchain technology has been considered one of the safest ways to store data since it cannot be altered once added to the chain. Blockchain technology is the digital ledger technology that allows transactions to be executed in a safe, more secure setting. One of the highest valued cryptocurrencies and the first blockchain technology application is Bitcoin.

One of the biggest environmental debates in recent history (carbon emissions) has something in common with Bitcoin and blockchain technology, as environmentalists have expressed deep concern over the amount of energy consumed by Bitcoin miners and the increased carbon footprint it potentially leaves…

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CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Lightning Network, Making Bitcoin Transactions Possible

June 3, 2022

June 3, 2022 14:43:15

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is leveraging the Lightning Network to improve transaction times and lower fees as part of its mission to drive Bitcoin adoption. This comes as Bitcoin continues to gain more acceptance around the world, with stories from countries that would not normally be considered a “hotbed” for cryptocurrencies showing that areas with lower levels of Bitcoin popularity can prosper through its use. “LQwD launched its Lightning Network platform-as-a-service (‘PaaS’) protocol in November 2021, at the same time as its first node on the network, US-West. Since then, the company launched nine additional nodes for a total of 10 that are currently active on the Lightning Network: France, England, Sweden, Singapore, Italy, Indonesia, Germany, Ireland, the U.S., and, most recently, India. Altogether, LQwD already has a capacity of over 10 BTC and is growing consistently,” a recent article reads. “Since the launch of its PaaS system – https://lqwd.tech/ – the company has focused on scaling the Lightning Network and making Bitcoin transactions possible on a global level with lower fees and faster settlement times.”

To view the full article, visit https://ccw.fm/2liJU

About LQwD FinTech Corp.

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CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Releases Production, Operation Status Report for May 2022

June 3, 2022

June 3, 2022 14:03:58

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, is reporting on its May 2022 productions and operations status. A highlight of the report includes the company’s production of 466 BTC, an estimated 104% increase over May 2021’s production of production of 228 BTC. In addition, the company reported that it held approximately 6,536 BTC, all produced by the Company’s self-mining operations, and sold 250 Bitcoin, generating net proceeds of approximately $7.5 million. Finally, the company reported a deployed fleet of some 43,458 miners, with a hash rate capacity of 4.6 exahash per second (“EH/s”). The company also noted that progress continued throughout the month at its 400 megawatt (“MW”) infrastructure expansion project located in Rockdale, Texas, with completion of the construction of the structure and exhaust louvres for Building D and installation of intake louvres for air cooling now beginning. Roofing and structure work on Building E is almost completed as well, along with the completion of installation of all medium voltage transformers. “During May, we continued to make progress on the ongoing expansion of our Whinstone Facility in Rockdale, Texas,” said Riot CEO Jason Les in the press release. “We’re proud to report that our first immersion building, Building F, is filled with approximately 23,000 S19 series miners. Approximately 7,000 of those miners are staged in the immersion-cooling tanks and are anticipated to be deployed pending installation of the final requisite components. Once these miners and other staged miners are fully deployed, our hash rate capacity is expected to increase to 5.4 EH/s. Additionally, we are initiating a project to refurbish our fleet of S17-Pro Antminers to improve their overall hash rate and efficiency. These enhancements are made possible by the improved operating environment facilitated by our immersion-cooling technology.”

To view the full press release, visit https://ccw.fm/LWRJo

About Riot Blockchain Inc.

Riot Blockchain’s vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas and upstate New York, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information about the company, visit www.RiotBlockchain.com.

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Billionaire Ray Dalio Says Blockchain Is Digital Gold

June 3, 2022

June 3, 2022 11:05:00

While speaking on the sidelines of the World Economic Forum that ended recently in Davos, Switzerland, Ray Dalio, the billionaire founder and manager of the largest hedge fund across the globe said that blockchain is akind of digital gold.

Earlier in February, the Bridgewater Associates manager stated that he believed that cryptocurrencies are likely to be banned by different governments around the world. Despite this gloomy prediction, Dalio is…

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CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Names New CFO, Outlines Other Financial Succession Appointments

June 2, 2022

June 2, 2022 13:16:34

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, has named a new chief financial officer. Colin Yee, currently serving as head of corporate & financial operations, has been appointed by the company’s board of directors to serve as CFO, effective Aug. 15, 2022. Yee replaces Jeff McGonegal, who is retiring after 20 years with the company. McGonegal will continue to serve in the capacity of senior advisor, and will remain employed through the term of his employment agreement of Feb. 7, 2023; after that time, it is anticipated that he will enter into a consulting agreement with RIOT. Yee has extensive experience in corporate and financial functions, including risk management, information technology, human resources and financial planning; he has also previously served as CFO for three different companies. The company also announced that Ryan Werner has been promoted to senior VP and chief accounting officer. “Jeff McGonegal is our longest-serving employee and has contributed greatly to the company over the years,” said Riot CEO Jason Les in the press release. “He has served as a mentor to our entire executive team and has been a critical part of our transformative growth. We are pleased that he will remain a senior advisor to the company to ensure a smooth and orderly transition, and continue to be a part of our team. We are also pleased that Riot’s current operational momentum will continue unabated as Colin Yee steps in as our new CFO to help the company achieve and exceed its strategic goals.”

To view the full press release, visit https://ibn.fm/aqgQK

About Riot Blockchain Inc.

Riot Blockchain focuses on mining Bitcoin and through Whinstone, its subsidiary, hosting Bitcoin mining equipment for institutional clients. The company is expanding and upgrading its mining operations through industrial-scale infrastructure development and latest-generation miner procurement. Through its subsidiary ESS Metron, Riot engineers and manufacturers electrical equipment solutions for Bitcoin mining and other industries. The company’s headquarters is in Castle Rock, Colorado; the Whinstone facility operates in Rockdale, Texas; and the expansion is in Corsicana, Texas. Riot also has mining equipment operating in upstate New York under a colocation hosting agreement with Coinmint LLC. For more information about the company, visit www.RiotBlockchain.com.

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CryptoNewsBreaks – Coinbase Global Inc. CEO to Participate in Piper Sandler Global Exchange & FinTech Conference

June 2, 2022

June 2, 2022 12:19:38

Coinbase today announced that its Chief Financial Officer Alesia Haas will participate in a virtual fireside chat at the Piper Sandler Global Exchange & FinTech Conference. The session is slated to begin at 5:30 a.m. PT / 8:30 a.m. ET. on Wednesday, June 8, 2022. Interested parties may access the live webcast and a replay of the virtual session via Coinbase’s Investor Relations website.

To view the full press release, visit https://ccw.fm/yauyX

About Coinbase Global Inc.

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As More Companies Are Looking to Crypto-Futures, Bitcoin Mining Could Be Answer to Cutting Emissions

June 2, 2022

June 2, 2022 09:35:00

JP Morgan Chase & Co. announced growth in the cryptocurrency sector; is already using blockchain for collateral settlements for clients
An “Onyx by JP Morgan” lounge was recently opened in the metaverse – with the bank citing a trillion-dollar annual revenue opportunity
The bitcoin mining market was valued at $2285.4 million in 2021 and is expected to reach $5293.9 million by the end of 2028
HIVE Blockchain Technologies Ltd. is leading the way in bitcoin mining on a greener level – using hydroelectric technology for mining purposes
Research indicates that bitcoin mining could be used to reduce methane emissions as a whole throughw the use of bitcoin mining to combust leaking methane sources, lowering global emissions 5.32% by 2045

As technology advances, so do the capabilities of blockchain. Recently, JP Morgan Chase & Co. (NYSE: JPM) announced that as the crypto sector grows, it wants to ensure that it offers related services that support this growth. The banking company has already been using blockchain for collateral settlements – allowing clients to use a wider range of assets as collateral and trade outside of market operating hours. In addition to derivatives trading, repo trading, and securities lending, the company plans to expand on tokenized collateral, including equities, fixed income, and additional asset types. “What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” the company’s Global Head of Trading Services, Ben Challice, said (https://ccw.fm/Q28yL).

Embracing the future, JP Morgan opened an “Onyx by JP Morgan” lounge in the metaverse. The bank has estimated that the metaverse will be a “trillion-dollar revenue opportunity” across advertising, social…

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CryptoNewsBreaks – The Beatport Group, PIXELYNX Launch Limited Derivative Collection of Synth Heads NFTs

May 31, 2022

May 31, 2022 14:11:03

Beatport, the global leader of music for DJs, producers and their fans, together with PIXELYNX, the new music metaverse gaming platform created by musicians and technologists Joel Zimmerman (aka deadmau5) and Richie Hawtin, today announced a limited derivative collection of their popular Synth Heads NFTs. According to the update, the series is being launched in partnership with leading U.K. techno festival Junction 2, which is making its first appearance in more than two years, and the new collection provides fans with a key to unlock special access and experiences at Junction 2. “After a COVID-induced hiatus for two years, the return of Junction 2, one of the world’s premiere music festivals, is hugely meaningful for music fans,” said Ed Hill, senior vice president of Beatport Media Group. “That’s why we decided to launch a brand new series of Synth Heads to celebrate Junction 2’s return. Owners of this new series, as well as those who participated in our original series, will receive exclusive benefits at Junction 2, offering a more enriching experience that will last long after the festival is over. Junction 2 will be the first of a series of festival partnerships we will be rolling out over the coming months. We couldn’t think of a better partner to launch this next phase of Synth Heads.”

To view the full press release, visit https://ccw.fm/5d0FI

About The Beatport Group

The Beatport Group is the worldwide home of music for DJs, producers and their fans. Founded in 2004, The Beatport Group family of companies includes Beatport, the preeminent store for electronic music DJs, Beatsource for the open-format DJ community, Loopmasters, Loopcloud and Plugin Boutique for music producers, and Beatport Media Group for brands and fans of DJ culture. The Beatport Group’s portfolio of products includes an array of high-quality audio solutions to choose from, including: full song downloads, exclusive content from leading labels, a streaming music service seamlessly integrated into DJ software and hardware (“LINK”) and exclusive sound packs and plugins. All of the content is expertly curated on a weekly basis by a global team that helps define DJ culture. Beatport has offices in Berlin, Brighton, Denver and Los Angeles.

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CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Completes First Closing of Bee Computing Acquisition

May 31, 2022

May 31, 2022 13:02:50

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, has successfully completed the first closing of its previously announced share exchange agreement dated April 5, 2021, (as amended and restated in April 2022), entered into by the company and the shareholders of Bee Computing (HK) Limited. At the first closing of the agreement, which followed the satisfaction or waiver of certain required closing conditions, the company issued 16,038,930 of its Class A ordinary shares to the selling shareholders. “We are pleased to announce the first closing of our Bee Computing acquisition and are excited about the progress Bee Computing has made in developing and manufacturing cryptocurrency mining chips and machines,” said Xianfeng Yang, CEO of BIT Mining. “Bee Computing has a unique R&D team, which continues to achieve remarkable milestones. Going forward, we plan to devote additional resources to assist Bee Computing in its development and manufacture of more mainstream cryptocurrency mining chips and machines with increasingly cost-effective performance advantages. We believe its capabilities will optimize our product offerings and further enhance our position along the blockchain industry value chain.”

To view the full press release, visit https://ccw.fm/ASsl7

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com that provides multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position. For more information about the company, visit www.BTCM.Group.

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Banks Start Seeing Blockchain as Source of High-Quality Assets

May 31, 2022

May 31, 2022 12:35:00

BNP Paribas, a French bank, has joined a platform owned by J.P. Morgan in a bid to start leveraging digital tokens while undertaking short-term trading activities in the markets of fixed-term financial assets. This comes at a time when major banks are ramping up efforts to modernize the sector by adopting blockchain technology.

The blockchain platform, dubbed Onyx Digital Assets, has so far seen deals worth $300 billion completed since December 2020 when the platform was launched. This platform facilitates repo (or repurchase) deals…

As more multinational financial institutions as well as their clients join platforms such as Onyx, blockchain technology will be well on its way to becoming mainstream, and sector actors such as BIT Mining Ltd. (NYSE: BTCM) will have plenty of clients to serve.

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Three Concerns Slowing the Uptake of Blockchain Technology

May 27, 2022 13:05:00

Blockchain technology has been touted as the biggest thing to happen since the invention of the internet. The technology has potential to revolutionize different sectors, including healthcare, finance, education, mining and others. However, the adoption of this technology has been significantly slower than its proponents would wish, and there are a number of reasons to explain this slow process. We explore a few in the discussion below.

High upfront costs

The cost of establishing a blockchain system is steep to say the least, and only the most committed of institutional entities have the deep pockets to finance such an undertaking. This could explain why many entities, including banks and…

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CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Unaudited Financial Results for Q1 2022

May 27, 2022 12:13:03

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today reported unaudited financial results for the first quarter of 2022. “We are glad to announce our financial results for the first quarter ended March 31, 2022 , as we continue to execute on our strategy to create value within the cryptocurrency ecosystem,” said Xianfeng Yang, CEO of BIT Mining. “Over the past quarter, we focused on our expansion in North America and have made significant progress in the construction of our data centers in Ohio. In the meantime, we continued our Bitcoin and Ethereum mining businesses and the integration of other businesses such as mining pool operation and mining machine manufacturing to create synergies. Given our early-mover advantage in Ethereum mining, we are also making inroads into Proof-of-Stake (‘POS’) operations by providing a series of services including governance and monitoring, account system and nodes management. Looking forward, we plan to continue to enhance our value proposition and further strengthen our mining technology.”

To view the full press release, visit https://ccw.fm/Onf6c

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com that provides multi-currency mining services including BTC, ETH and LTC. The company has entered into a definitive agreement to acquire a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, to complete the company’s vertical integration with its supply chain, increase its self-sufficiency and strengthen its competitive position. For more information about the company, visit www.BTCM.Group.

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Wild West Crypto Show Features Crypto Crate, Wirex Wallet and More

May 27, 2022 11:50:00

Conservative alt-coin podcast hosts Drew Taylor and Brent Bates recently welcomed guests and the audience to another episode of their wildly popular Wild West Crypto Show. Special guests to the program included Michelle Robinson, founder of Crypto Crate, which offers premium crypto-crafted and curated gifting solutions. CryptoCurrencyWire’s Jonathan Keim also joined the show to shine the spotlight on the three best stories in cryptocurrencies for the week. Among these, Keim discussed Wirex Wallet’s recent launch of NFT functionality and new payment methods. “This wallet is known for being the first mass-market, non-custodial wallet, and, in this case, it removes the need for private keys by using a biometric-based security system,” he said. “This makes holding NFTs so much easier without locking yourself out.”

To watch the latest episode, visit https://ccw.fm/CCv9i

About Wild West Crypto Show

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CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Appoints New Director

May 27, 2022 11:23:54

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) today announced the appointment of Peter Loretto as an independent director replacing Dean Sutton, who will remain an advisor to the company. According to the update, the board now consists of Shone Anstey, Ashley Garnot, Pino Perone, Kim Evans and Peter Loretto. Loretto holds an MBA from Gonzaga University in Spokane Washington and has more than 35 years of extensive international investment banking, corporate finance and both venture and senior board listed company experience.

To view the full press release, visit https://ccw.fm/J1Jx7

About LQwD FinTech Corp.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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Crypto Enthusiasts to Gather in Austin, TX for Four-Day 2022 Consensus Festival, Featuring Everything from Blockchain to Web3