CryptoNewsBreaks

TuesdayDec 06, 2022 11:38 am

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

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has announced its unaudited bitcoin production and corporate updates for the month of November 2022. Among the highlights the company reportedly earned 144.1 bitcoins, a 5% decrease compared to the prior month. The decline is attributed to an increase in network difficulty. In addition, Bit Digital owned 38,593 bitcoin miners and 730 ethereum miners as of Nov. 30, 2022, with an estimated maximum total hash rate of 2.7 exahash (“EH/s”) and 0.3 terahash (“TH/s”), respectively. Of the company’s bitcoin mining fleet, 39% (14,978 bitcoin miners representing 1.40…

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MondayDec 05, 2022 12:50 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Achieves New Record for Total Hash Rate Capacity in November 2022

Riot Blockchain (NASDAQ: RIOT), an industry leader in bitcoin (“BTC”) mining and data center hosting, today announced unaudited production and operations updates for November 2022. Among the highlights, the company reported that it produced 521 BTC, an increase of approximately 12% as compared to November 2021 production of 466 BTC. In addition, Riot had deployed a fleet of 72,428 miners, with a hash rate capacity of 7.7 exahash per second (“EH/s”), as of Nov. 30, 2022. “Riot again achieved a new record for total hash rate capacity during the month of November, resulting in our highest monthly bitcoin production figure…

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FridayDec 02, 2022 11:53 am

CryptoNewsBreaks – Creator of Litecoin Featured in CryptoCurrencyWire Audio Production

The Litecoin Foundation, a non-profit organization focused on promoting the adoption, education and development of Litecoin, was featured in the latest CryptoCurrencyWire Audio Production, a part of IBN’s (InvestorBrandNetwork) sustained effort to provide specialized content distribution via widespread syndication channels. Charlie Lee, creator of Litecoin and director of the Litecoin Foundation, joined the program to discuss recent endeavors as well as volatility of the crypto space and how Litecoin has maintained a strong position in the market. “One of the reasons [for Litecoin’s longevity] is its fair launch. There was no ICO. It was launched publicly. I had to mine…

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ThursdayDec 01, 2022 2:26 pm

CryptoNewsBreaks – Tingo Inc. (TMNA) Operating Business, Assets Acquisition by MICT Completed

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, has been acquired by MICT Inc. (NASDAQ: MICT); the transaction was completed today. According to the announcement, the agreement includes 100% ownership of Tingo Inc.’s operating business and assets, specifically its subsidiary, Tingo Mobile Limited; 100% consolidation of Tingo Mobile’s revenues and income; 100% consolidation of Tingo Mobile’s balance sheet; and the opportunity to “globalize and dollarize an already established rapidly growing and highly scalable fintech and agri-fintech business.” The transaction included MICT issuing 19.9% of its common stock to Tingo, together with Series A Preferred Stock and Series B Preferred Stock, each of which are…

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ThursdayDec 01, 2022 1:29 pm

CryptoNewsBreaks – Coinbase Global Inc. (NASDAQ: COIN) Digital Wallet Ends Support for Bitcoin Cash, Ethereum Classic

Coinbase Global (NASDAQ: COIN), a cryptocurrency exchange, announced that its digital wallet will no longer support the native tokens associated with Bitcoin Cash, Ethereum Classic, Ripple's XRP Ledger and Stellar; that change will take effect on Monday, Dec. 5, 2023. The company did note that users with balances will still be able to withdraw their money after that date. According to the announcement, the exchange made the decision based on low usage of the digital coins and tokens, which gained public awareness during the 2017 cryptocurrency bull market. Despite the low use, XRP is the seventh-largest cryptocurrency with a market…

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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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