CryptoNewsBreaks Archive - Page 42 of 146

ThursdaySep 01, 2022 12:10 pm

CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Eyes Lightning Growth with >56K Transactions and Counting

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 leveraging its Bitcoin assets to grow and expand nodes across countries worldwide on the LN. “With a current node count of 19, LQwD’s LN reach includes Japan, England, Canada, France, Australia, Italy, Indonesia, Japan-Osaka, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West. Using global nodes, LQwD has positioned itself for optimal growth on the network,” a recent article reads. “LQwD’s current strategy is to offer its PaaS for LN nodes…

WednesdayAug 31, 2022 2:10 pm

CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Q2 2022 Financial Results

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has announced its unaudited financial results for the second quarter ended June 30, 2022. The company reported $6.5 million in bitcoin mining revenue and $0.3 million in revenue from ethereum mining among the financial highlights. According to management commentary, “In the second quarter of 2022, we managed to modestly increase bitcoin production on a sequential basis despite the previously announced interruptions to certain hosting partners’ operations. Fortunately, our team is well versed when it comes to overcoming logistical hurdles. Our rapid response included signing a new hosting…

MondayAug 29, 2022 11:42 am

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Announces Option and RSU Grants

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) recently announced that its board of directors has approved the grant of 415,200 incentive stock options, exercisable into the equivalent amount of common shares of the company at a price of C$5.66 per share for a period of five years. According to the update, the grants were made to employees, officers and consultants of the company and are subject certain vesting requirements. HIVE’s board of directors also approved the grant of an aggregate of 1,425,280 restricted share units (“RSUs”), which vest over 24 months, to employees, officers and consultants of the…

FridayAug 26, 2022 11:12 am

CryptoNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Releases Results from Annual General Meeting

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, is reporting on the voting results of its 2022 annual general meeting of shareholders. The meeting was held on Aug. 24, 2022. Shareholders voted on the election of directors as well as the appointment of auditors and a proposed stock-option plan. According to the announcement, all four of the nominees listed in LQwD's management information circular and proposed by management for election to the board of directors were duly elected. Those individuals included Shone Anstey, Giuseppe (Pino) Perone, Kim Evans…

ThursdayAug 25, 2022 11:29 am

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Issues Letter to Investors

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today released a letter to its investors, which addressed recent declines in both the stock and cryptocurrency markets as well as the company’s resilience. “After two rounds of financing in 2022, we continue to invest in R&D, innovation and upgrading our core businesses. Our 82.5 MW power capacity at the Ohio Data Center not only can accommodate our own mining operations but also provide hosting services for third parties. We’ve settled our operations in the United States, which offers a rich diversity of opportunity, a better regulatory framework, a stable…

WednesdayAug 24, 2022 12:32 pm

CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging LN to Enable Faster, More Secure Micropayments

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”), believes in the scalability of Bitcoin and the LN. The company is investing its own Bitcoin assets to create worldwide micropayment channels using its 19 active nodes on the network. “By the end of the current quarter, LQwD plans to increase node access to 24 countries by leveraging the LN to facilitate faster, cheaper and more secure micropayments than current payment infrastructures. The company currently has 19 active nodes on the LN, including US-West, Ireland, India, Germany, Brazil,…

WednesdayAug 24, 2022 11:16 am

CryptoNewsBreaks – PIXELYNX Music Metaverse(TM) Platform Appoints David Clark-Joseph as Vice President of Investments

PIXELYNX, the music metaverse(TM) gaming platform founded by groundbreaking electronic musicians and technology visionaries Joel Zimmerman aka deadmau5 and Richie Hawtin aka Plastikman, today announced that they have named David Clark-Joseph as VP of investments. Most recently serving as VP of strategic investments at Liberty Gaming, David laid the foundation for a Web3 pro league for head-to-head guild competition. Prior to joining Liberty Gaming, David held various leadership roles at Distributive, Kraken Digital Asset Exchange, Mitel Networks, Bild Alternative Investments and American Fiber Packaging. “David brings with him a wealth of experience across Web3 that will be invaluable to the…

TuesdayAug 23, 2022 11:05 am

CryptoNewsBreaks – Tingo Inc. (TMNA) Releases Strong Q2 2022 Results

Tingo (OTC: TMNA) today announced that it has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three and six months ended June 30, 2022. Among the highlights, the company announced net revenues totaling $268.7 million for Q2 2022 vs. $100.7 million for Q2 2021, an increase of 166.8%. In addition, Tingo’s Q2 2022 gross profit amounted to $164.2 million, an increase of 208.6% versus Q2 2021 gross profit of $53.2 million. “We are again pleased to announce a strong operating performance for the second quarter of 2022, building on a strong first…

MondayAug 22, 2022 11:05 am

CryptoNewsBreaks — BIT Mining Limited (NYSE: BTCM) Releases Q2 2022 Unaudited Financial Report

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, is reporting its unaudited financial results for the quarter ended June 30, 2022. Notable numbers from the report include revenues of $195.5 million for the quarter, down from the same period last year, and operating loss of $23.3 million, representing an $8.4 million increase over Q2 2021 and a $19.0 million increase over Q1 2022. BTCM reported non-GAAP operating loss of $8.7 million for the quarter and net loss of $21 million, while basic and diluted losses per American Depositary Share ("ADS") attributable to BIT Mining for the quarter totaled $0.29. The…

FridayAug 19, 2022 1:21 pm

CryptoNewsBreaks – LQwD FinTech Corp.’s (TSX.V: LQWD) (OTCQB: LQWDF) PaaS Enabling Faster Transactions, Lower Fees, Higher Levels of Security

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 focused on increasing the scalability of Bitcoin and transactions using the LN. “The Federal Reserve Bank of Cleveland Working Paper Series released Working Paper 22-19 in June 2022 entitled ‘The Lightning Network: Turning Bitcoin into Money.’ The FED conjectures early on that the LN has reduced Bitcoin blockchain congestion and resulted in lower mining fees… The introduction of the LN has reduced the amount of time it takes for payment processing to provide almost instant results. The…