CryptoNewsBreaks Archive - Page 41 of 134

MondayMay 16, 2022 2:54 pm

CryptoNewsBreaks – Tingo Inc. (TMNA) Announces Q1 2022 Financial Results

Tingo (OTC: TMNA), the leading agri-fintech company operating in Africa, has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three months ended March 31, 2022. Among the highlights, Tingo reported $257.1 million and $65.5 million in consolidated revenue and operating income, respectively, during the first quarter of 2022. In addition, the company announced a 19.2% quarter-on-quarter growth in gross profit to $153.2 million, up from $128.5 million for Q4 2021. “We are very pleased to report strong operating performance for the first quarter of 2022 and the continued growth of our agri-fintech…

FridayMay 13, 2022 12:52 pm

CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging LN to Become Crucial Player in Quest for Worldwide Bitcoin Adoption

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”), released its platform-as-a-service offering (“PaaS”) in November 2021. At that time, the company also launched its first Lightning Network node in the United States. “The Lightning Network is a layer 2 payment protocol layered on top of a blockchain-based cryptocurrency and was created to solve the overall bitcoin scalability problem,” a recent article reads. “In addition, LQwD has released Lightning Network nodes in Ireland, Germany, Indonesia, Italy, Singapore, Sweden, England, India, and France. The company is leveraging the…

FridayMay 13, 2022 12:16 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Record Q1 2022 Results, Current Operational and Financial Highlights

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and hosting, recently reported financial results for the three-month period ended March 31, 2022. “We are extremely proud of the progress that Riot continues to make, having achieved record levels of net income, revenue, hash rate and Bitcoin mined in the first quarter,” said Jason Les, CEO of Riot. “Our vertically integrated business strategy of owning, operating and manufacturing has accelerated our growth while helping insulate us from continuing global supply chain issues. Over the remainder of 2022 and beyond, Riot plans to build upon the solid foundation set…

FridayMay 13, 2022 12:11 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HVBTF) (FSE: HBF) Intends to Complete 5-to-1 Share Consolidation

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) has announced a consolidation of its common shares based on five preconsolidation common shares being exchanged for one postconsolidation common share. The company currently has 411,209,923 listed and outstanding common shares; the consolidation would result in an estimated 82,241,984 common shares being issued and outstanding. According to the announcement, HIVE anticipates the shares to start trading on both the TSX Venture Exchange and the Nasdaq market around May 20, 2022. The purpose of the move is to attract a broader range of shareholder, gain increased liquidity and add shareholder value. The…

ThursdayMay 12, 2022 4:58 pm

CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Provides April 2022 Production, Corporate Updates

Bit Digital Inc. (NASDAQ: BTBT), a Bitcoin mining company headquartered in New York, has released its unaudited bitcoin production and corporate updates for April 2022. According to the announcement, during the month the company earned 76.23 Bitcoins and 77.32 ETH, and reported BTC and ETH treasury holdings of 754.32 and 323.95 with a fair market value of approximately $28.4 million and $1.1 million. In addition, the company announced that it owns 30,865 Bitcoin miners and 731 Ethereum miners at month end, with an estimated maximum total hash rate of 1.9 EH/s and 0.3 TH/s, respectively. Bit Digital also continues to work with its hosting partners…

ThursdayMay 12, 2022 4:56 pm

CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Plans to Release Q1 2022 Financial Results

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, plans to report its financial results for the first quarter 2022, the period ended March 31, 2022; that information will be released on May 19, 2022, before the U.S. market opens. In addition, the company has scheduled a call to discuss the financial report; members of Canaan’s management team will host the call, which is slated to begin at 8 a.m. ET on May 19. Those interested in participating in the Canaan Inc. First Quarter 2022 Earnings Conference Call must register beforehand and will receive dial-in numbers, a Direct Event passcode and…

TuesdayMay 10, 2022 3:22 pm

CryptoNewsBreaks – Nebeus Adds AVAX-Backed Loans

Nebeus, the cryptocurrency and crypto-backed lending app, continually seeks innovative methods to help clients to grow and enhance their crypto investments. While Nebeus users have previously been able to buy, sell, trade, and exchange Avalanche (“AVAX”), AVAX can now be used as collateral for Nebeus crypto-backed loans. According to the announcement, the new feature allows users to borrow against their Avalanche investments. Nebeus AVAX-backed loans include Quick Loans that are immediate, pre-approved and come directly from Nebeus’s treasury, offering a 50% loan-to-value ratio at 0% interest for three months. In addition, Flexible Loans are tailored to individual requirements, allowing customers…

TuesdayMay 10, 2022 2:48 pm

CryptoNewsBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) Enter Definitive Merger Agreement

Tingo (OTC: TMNA), the leading agri-fintech company operating in Africa, and MICT (NASDAQ: MICT), a financial technology business principally focused on the growth and development of a suite of consumer fintech services, today announced the execution of a definitive agreement to merge and consolidate their operations. Under the merger, Tingo and MICT will create an over $900 million annual revenue and highly profitable Nasdaq-listed fintech and agri-fintech company serving the African and Asian markets with a global expansion strategy. “We are truly excited to continue our journey as a Nasdaq-listed public company through this synergistic combination with MICT,” said Dozy…

MondayMay 09, 2022 12:46 pm

CryptoNewsBreaks – GreenBox POS (NASDAQ: GBOX) Plans to Report Q1 2022 Results on May 16

GreenBox (NASDAQ: GBOX), an emerging and rapidly growing fintech company, has announced its intention to release its first quarter 2022 financial results after market close on Monday, May 16, 2022. As part of that release strategy, company executives will host a conference call/webcast to discuss the results and provide a corporate update on that same day; the call will include a Q&A session. The call is slated to start at 4:30 p.m. ET, and those who are interested can dial 1-844-825-9789 in the United States or 1-412-317-5180 internationally, using the conference ID 10166964; callers are encouraged to dial in at least 10…

FridayMay 06, 2022 1:01 pm

CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Moving to Become One of the Largest Payments Facilitators on the Lightning Network

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, participated in the recently concluded NobleCon18 – Noble Capital Markets’ 18th Annual Investor Conference that took place at the Hard Rock Hotel, Hollywood, Florida. “Bitcoin’s Lightning Network is continuing to see explosive growth. LQwD is benefiting from this growth as we continue to strategically expand our Lightning Network presence through the launch of our global routing nodes to become one of the largest payments facilitators on the network,” LQwD CEO Shone Anstey commented before the event. According to a…