CryptoNewsBreaks

WednesdayNov 30, 2022 12:29 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Featured in Research Report

Stonegate Capital Partners on Tuesday announced that it has initiated coverage on HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA). HIVE is a leading digital asset miner and green-focused data center builder and operator. Among key takeaways listed in the initiation of research report, Stonegate highlighted HIVE’s high operating efficiency, ESG-oriented focus and its improving mining capacity. “The company is a market leader of BTC mined per exahash (‘EH’) with 122 BTC mined per EH per month as of Sept. 30, 2022. A modern and regularly updated mining fleet supports the company’s production efficiency,” the report reads. “The company…

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WednesdayNov 30, 2022 11:43 am

CryptoNewsBreaks – Mona and Friends to Delve Deep into Web 3 with Live Panel and Comedy Show

Mona Shaikh, veteran comedian, producer of Mona&Frens: Web3 Is A Joke and featured on CNN, Forbes and MSNBC, is collaborating with established events producer Stephen Berg and expert event planner Ravneet Kalsi to present Mona and Frens: Web3 is a Joke Web3 Panel and Comedy Show. The event is slated to take place on Dec. 16, 2022, at FameCast in Santa Monica, California, and showcase a web3 expert panel to accelerate learning and offer an unmissable experience with plenty of laughter and networking. Mona and her friends are charging into web3 to tear it up, dive into the nitty gritty…

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WednesdayNov 30, 2022 11:19 am

CryptoNewsBreaks – MICT Inc. (NASDAQ: MICT) Issues Update on Acquisition of Tingo Inc. (TMNA)

MICT (NASDAQ: MICT) previously announced that it is scheduled to complete the acquisition of the operating business and assets of Tingo (OTC: TMNA) by Nov. 30, 2022. This will be achieved through the acquisition of 100% of Tingo’s sole operating subsidiary, Tingo Mobile Limited. In return, MICT is issuing 19.9% of its common stock to Tingo, together with Series A Preferred Stock and Series B Preferred Stock, each of which are convertible into shares of MICT’s common stock upon satisfaction of certain conditions. “The acquisition of Tingo Mobile will not only make MICT significantly profitable from Q4 2022 onwards,” said…

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WednesdayNov 23, 2022 9:59 am

CryptoNewsBreaks – Coinbase (NASDAQ: COIN) Partners with 3iQ, Tetra Trust to Finalize ETP Digital Asset Custodianship

Coinbase Global Inc. (NASDAQ: COIN), 3iQ Digital Asset Management and Tetra Trust Company have finalized the custodian transition for 3iQ's exchange-traded products (“ETPs”). As a result, Coinbase and Tetra now serve as custodians for the full range of 3iQ's digital asset offerings. The transaction had been announced earlier this year. According to the announcement, 3iQ ETP digital assets are held in segregated custody accounts with Coinbase Custody Trust Company providing the cold storage and Tetra Trust providing oversight. Based on this arrangement, the 3iQ ETP offerings retain their normal course of business and fund operations. 3iQ is one of Canada's leading digital…

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ThursdayNov 17, 2022 2:06 pm

CryptoNewsBreaks – UBET Sports World Cup Betting Tournament to Launch on Nov. 20

UBET today announced that the UBET Sports World Cup Betting Tournament will begin next week. Launching on Nov. 20 and running throughout the FIFA World Cup, the tournament offers a total prize pool of $2,000 USDT to be won. With zero risk involved, participants can take part freely. The vision is for UBET Sports to be a super DApp, where all participants can wager on sporting events with the best odds, stake on UBET’s liquidity pool, and earn interest. The announcement reads, “The launch of the UBET Sports World Cup Betting Tournament is the first step in laying the groundwork…

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ThursdayNov 17, 2022 1:30 pm

CryptoNewsBreaks — BIT Mining Ltd. (NYSE: BTCM) Releases Q3 2022 Unaudited Financial Report

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, is reporting unaudited financial results for its third quarter, the period ended Sept. 30, 2022. The report notes that BIT Mining has four primary business segments — self-mining, mining pool, data center operation and mining machine manufacturing — and the company is pursuing a deliberate development strategy that focuses on global cryptocurrency mining operations. A few highlights of the report include a note that Bee Computing, BTCM’s subsidiary, has designed a new generation of highly efficient Bitcoin ("BTC") and Dogecoin ("DOGE")/Litecoin ("LTC") mining machines based on the most advanced technology. During the quarter, the company also…

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WednesdayNov 16, 2022 4:37 pm

CryptoNewsBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) Announce Tingo Mobile PLC’s Launch of Key Partnerships

Tingo (OTC: TMNA) and MICT (NASDAQ: MICT) today announced that Tingo Mobile, which is being wholly acquired by MICT with a scheduled completion date of Nov. 30, 2022, has launched its partnership with the All Farmers Association of Nigeria (“AFAN”) ahead of schedule. Through its recently disclosed trade deal with Tingo Mobile, AFAN has committed to deliver a minimum of 20 million additional subscribers, which would more than triple Tingo Mobile’s existing customer base of 9.3 million. Tingo Mobile also launched its pan-African partnership with leading global payments technology company, Visa, with the rollout a range of new products and…

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TuesdayNov 15, 2022 3:07 pm

CryptoNewsBreaks – Florida Bitcoin & Blockchain Summit Names IBN’s CryptoCurrencyWire as Official NewsWire

The second annual Florida Bitcoin & Blockchain Summit (“FBBS”) has selected InvestorBrandNetwork (“IBN”), a multifaceted communications organization with more than 50 brands including CryptoCurrencyWire (“CCW”), as an official newswire for this year’s event. The summit is hosted by Cutting Edge Events, which made the IBN selection. Cutting Edge Events is an innovative conference organizer specializing in new media and tech-driven events. “IBN and its blockchain-focused newswire have both repeatedly demonstrated that they are highly adept at maximizing coverage of our events and leaders in delivering our message effectively,” said Cutting Edge Events founder Chris Krimitsos in the press release. “IBN’s…

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TuesdayNov 15, 2022 2:30 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Announces Quarterly Revenue of $29.6M, 31% YOY Increase in Bitcoin Production

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA), a leading digital asset miner and green-focused data center builder and operator, today announced the earnings report for the second quarter ended Sept. 30, 2022. Among the highlights, HIVE announced that it achieved revenue of $29.6 million this quarter, through mining 858 green and clean Bitcoin and 7,309 Ethereum, which were subsequently sold to reinvest in new ASIC mining equipment. As such, HIVE’s production of Bitcoin increased by 4.5% quarter over quarter while its average daily production of Ethereum increased from 84.3 ETH per day to 94.9 ETH this quarter, prior…

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MondayNov 14, 2022 3:23 pm

CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Releases Q3 2022 Financial Report

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, is reporting its unaudited financial and operating results for the three-month period ended Sept. 30, 2022. Numbers of note from the report include computing power sold during the quarter totaling 3.5 million Thash/s, a 37.1% decrease from Q2 2022 and a 48.5% from 6.7 million Thash/s in the same period of 2021. CAN revenues reached $137.5 million, a decrease of 40.8% from the second quarter 2022 and a 25.8% decrease from the same period in 2021, with gross profit coming in at$32.9 million, net income totaling $8.6 million, and non-GAAP adjusted net reaching  $23.4 million.…

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