Level Roberts, WA and Delta, BC – September 24, 2021 (Investorideas.com Newswire) Investorideas.com, a pacesetter in crypto and blockchain investing information brings you right this moment’s version of the Crypto Corner podcast and commentary on what’s driving cryptocurrency shares and the crypto market.
Take heed to right this moment’s Crypto Nook Podcast:
Crypto Nook Podcast 681: Shares mentioned: (NYSE: TWTR) (NasdaqCM: HIVE)
Shares mentioned: (NYSE:TWTR) (NasdaqCM:HIVE)
China has stepped up its restrictions on the crypto area with the Individuals’s Financial institution of China (PBOC) stating that “all crypto-related actions are unlawful,” in keeping with a report from CNBC. This consists of “providers providing buying and selling, order matching or derivatives for digital currencies,” in addition to abroad exchanges. This follows the Chinese language authorities’s choice to ban crypto mining earlier this 12 months, and the PBOC’s banning of banks and non-bank fee establishments from offering providers associated to digital forex. Constantine Tsavliris, head of analysis at crypto knowledge web site CryptoCompare, instructed CNBC:
“The current information by China serves as an extension of earlier bulletins in Could concerning a crackdown on cryptocurrency mining and bans on monetary and fee establishments from crypto-related providers. On account of the bans, we beforehand noticed a short-term sell-off and a shift in mining away from China, adopted by a swift restoration all through July and August.”
Maybe unsurprisingly, the crypto market is a massacre this morning. In response to knowledge from CoinMarketCap, Bitcoin (BTC), Ether (ETH), and XRP are down roughly 4 %, 7.6 %, and 6.7 %, since yesterday, respectively.
Twitter (NYSE:TWTR) has launched crypto choices to its tipping characteristic, referred to as “Ideas.” In response to an organization blog post, customers can now hyperlink to third-party apps, akin to Money App, Patreon, and Venmo, of their Twitter bios and particular person Tweets to obtain funds. Esther Crawford, Twitter’s Employees Product Supervisor, defined how customers may also tip with Bitcoin over the Lightning Community:
Along with the providers presently enabled by means of Ideas, individuals can now seamlessly tip with Bitcoin utilizing Strike – a funds utility constructed on the Bitcoin Lightning Community that enables individuals to ship and obtain Bitcoin. Strike provides on the spot and free funds globally.
Strike is on the market to individuals in El Salvador and the U.S. (excluding Hawaii and New York). Individuals within the eligible markets could have to enroll in a Strike account and add their Strike username to obtain Bitcoin suggestions over the Lightning Community. You should use any Bitcoin Lightning pockets to ship tricks to somebody’s Strike account.
HIVE Blockchain Applied sciences Inc. (NasdaqCM:HIVE) has reported its outcomes for the total 12 months ended March 31, 2021, together with a file internet revenue of $42.5 million, up significantly from its $1.9 million loss the earlier 12 months. The corporate additionally noticed its revenue from digital forex mining attain $66.7 million, a 174 % enhance over the 12 months prior. Frank Holmes, Interim Government Chairman of HIVE, commented:
“Because it pertains to our business, Ethereum market circumstances for miners improved considerably over the past 12 months, pushed by worth will increase and the adoption of the community for decentralized finance functions. Bitcoin mining circumstances have additionally improved with robust worth enhance because the halving on Could 11, 2020, the date when HIVE began mining with new era miners at its facility in Quebec. We proceed to imagine we’re nicely positioned to profit from the continued adoption of Ethereum and Bitcoin globally.”
Sam Mowers, Investorideas
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