FN Media Group Presents USA News Group News Commentary
VANCOUVER, B.C., July 29, 2021 /PRNewswire/ -- USA News Group - Chinese' regulators crackdown on Bitcoin mining and Elon Musk's comments on BTCs environmental sustainability contributed to the highest number of short positions as bitcoin's price fell dramatically by over 50% to a low of $28,893. However, Bitcoin and other digital assets are rebounding after rumors about big tech plays such as Apple joining the market. Bitcoin, for example, recorded a remarkable increase from last Sunday to Monday which saw it briefly top $40,000 for the first time since June. With the prices of digital assets increasing, investors are holding their breaths for a possible short squeeze. Meanwhile, stocks like Mobilum Technologies Inc. (CSE:MBLM) (OTC:TEXCF), Marathon Digital Holdings Inc. (NASDAQ:MARA), DMG Blockchain Solutions (TSXV:DMGI), Riot Blockchain Inc. (NASDAQ:RIOT), and Hut 8 Mining Corp (NASDAQ:HUT) are positioned to benefit from the rising value of digital assets.
Mobilum To Launch a Hosted On-Ramp and Off-Ramp Solution for Matic and Polygon -Technology driven payment service provider, Mobilum Technologies Inc. (CSE:MBLM) (OTC:TEXCF) announced a memorandum of understanding to partner with Matic. The two companies will be partnering to develop a hosted on-ramp and off-ramp solution for Matic developers and users. Matic's Polygon protocol and framework supports building and developing blockchain networks compatible with Ethereum. It provides the core components and tools to allow users to scale their decentralized applications.
Polygon combines the flexibility, sovereignty, and scalability of stand-alone blockchains with the developer experience, interoperability, and security of the Ethereum blockchain to create a fully-fledged multi-chain system. In addition to these features, Polygon is compatible with Ethereum's existing tools and can exchange messages with Ethereum.
Billionaire Mark Cuban is one of the Polygon users already investing in the platform. In his own words, Mark Cuban describes Polygon as "the first well-structured easy-to-use platform for Ethereum scaling and infrastructure development." Cuban also plans to integrate Polygon into Lazy.com, his platform that allows users to display their NFTs.
Users will be able to purchase MATIC (Polygon), MATIC (ERC-20) tokens, and USDC stablecoins using their credit card without having to set up an account on a cryptocurrency exchange.
The platform will also allow developers to integrate their Dapps with Mobilum's fiat-to-crypto on-ramp solution to allow their users to purchase polygon tokens and other cryptocurrencies without leaving their DApps.
Mobilum is creating an off-ramp widget to enable Matic users to redeem their Polygon tokens and other cryptocurrencies for gift cards in over 80 different countries and more than 2,000 retail brands at zero fees. Matic developers will also be able to integrate the widget inside their DApp.
Mobilum expects to launch the hosted on-ramp solution and the beta off-ramp solution for Matic by the end of Q3 of 2021.
Bitcoin Mining Companies Anticipate Increased Production
China's crackdown on bitcoin mining was a brutal blow to miners who generated approximately half of the world's bitcoin output. But this crackdown opened up opportunities for bitcoin mining companies in the US and Canada who are still operating at the same or an increased capacity before the crackdown. These companies are also expanding their operations to increase their mining capacity.
Bitcoin mining company Marathon Digital Holdings Inc. (NASDAQ:MARA) released its mining updates for June 2021, indicating an increase in the company's bitcoin holdings to approximately 5,784 bitcoins after mining an additional 265.6 bitcoins. After June's bitcoin production, the company's fair market value was approximately $201.6 million. In the same month, Marathon also completed the construction of the remaining containers, which will house about two-thirds of the company's miners at its Hardin facility.
Blockchain and cryptocurrency technology company DMG Blockchain Solutions (TSXV:DMGI) announced its investment in Black Box Manufacturing Inc., a company involved in the design and manufacture of electrical and mechanical enclosures for various industries including crypto mining. The company made a $30,000 passive investment for a 15% equity position with future rights to increase or exit. This investment empowers DMG to locally manufacture almost all of its mining infrastructure in addition to supplying mining infrastructure to other crypto miners in North America. DMG's CEO cites this investment in Black Box as being key to the company's strategy to add more crypto mining locations, especially now that miners are seeking to move operations from Asia.
Riot Blockchain Inc. (NASDAQ:RIOT) also released its productions and operations updates for June 2021. In the release, Riot Blockchain produced 243 BTC compared to 48 BTC in June 2020, recording a 40% increase in production and bringing the company's total bitcoin holdings to 2,243 BTC in June 2021. Riot is also expanding its Whinstone facility, which is expected to provide critical capacity for Riot to set up its mining hardware and expand its hosting business to accommodate third-party bitcoin miners. The company expects to complete the first phase of the expansion in Q1 2022 and the rest of it in Q2 2022.
Hut 8 Mining Corp (NASDAQ:HUT), one of North America's largest digital asset miners provided a corporate update indicating that the company has executed a $44.373 million purchase of 11.090 MicroBT M30S, M30S+, and M31S miners from SuperAcme Technology. The company expects to receive the miners beginning October 2021 and complete full deployment by December 2021. The company expects to have a production capacity of 1.081 E/H upon full deployment of the miners.
Cryptocurrencies have been under global scrutiny for the last few months, with prices rising and falling due to changes including comments from celebrities. However, despite the global scrutiny, investors anticipated a short squeeze which propelled the price of bitcoin and other cryptocurrencies and cast a bigger spotlight on fintech companies like Mobilum Technologies Inc. in the spotlight.
For more information about Mobilum Technologies Inc. (CSE:MBLM) (OTC:TEXCF), click here.
Article Source:
USA News Group
http://USAnewsgroup.com
info@usanewsgroup.com
Investologics.com reports/releases/profiles are commercial advertisements and is for general information purposes only. We are engaged in the business of marketing and advertising companies for monetary compensation unless otherwise stated. The paying party may own shares and may liquidate them during the promotional period.
PLEASE NOTE WELL: Investologics and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. INVESTOLOGICS WILL NEVER ACCEPT FREE OR RESTRICTED TRADING SHARES IN ANY COMPANIES MENTIONED at INVESTOLOGICS.COM &/OR ANY OF OUR SOCIAL NETWORKING AND EMAIL ADVERTISING PLATFORMS.
Our website and newsletter are for entertainment purposes only. This newsletter is NOT a source of unbiased information. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Gains mentioned in our newsletter and on our website may be based on End of Day or intraday data. The disclaimer is to be read and fully understood before using our site, or joining our email list.
We encourage all to read the SEC's INVESTOR ALERT before reading our Newsletter.
Release of Liability: Through use of this email and/or website advertisement viewing or using you agree to hold Investologics.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur from sponsored advertisements do not purport to provide an analysis of any company's financial position, operations or prospects and this is not to be construed as a recommendation by Investologics.com or an offer or solicitation to buy or sell any security.
COMPENSATION: Investologics.com is often compensated in cash via bank wire by third parties for advertising services. Investologics.com does not own any shares of profiled companies unless otherwise stated. Investologics.com does not investigate the background of any third party.
The third party may have shares and may liquidate it, which may negatively affect the stock price. Compensations constitute a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. The information contained in our coverage is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data.
Investologics.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is collected from public sources only such as the profiled company's website, news releases, and corporate filings, but has not been verified in any way to ensure the publicly available information is correct. Investologics.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. Further, Investologics.com has no advance knowledge of any future events of the profiled companies which includes, but is not limited to, news press releases, changes in corporate structure, or changes in share structure.
None of the materials or advertisements in our coverage constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead Investologics.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. Investologics.com is compliant with the Can Spam Act of 2003. Investologics.com does not offer such advice or analysis, and Investologics.com further urges you to consult your own independent tax, business, financial, and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a 'safe harbor' in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be "forward looking statements". Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks an uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as "projects", "foresee", "expects", "will", "anticipates", "estimates", "believes", "understands", or that by statements indicating certain actions "may", "could", or "might" occur. Understand there is no guarantee past performance will be indicative of future results. Past Performance is based on the security's previous day closing price and the high of day price during our promotional coverage.
In preparing our publications, Investologics.com has relied upon information supplied by various public sources and press releases which it believes to be reliable; however, such reliability cannot be guaranteed.
Investors should not rely on the information contained in this email and website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. Investologics.com and its owners, affiliates, subsidiaries, officers, directors, representatives, and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. Investologics.com is not responsible for any claims made by the companies advertised herein, nor is Investologics.com responsible for any other promotional firm, its program or its structure.
USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Information:
FN Media Group, LLC
Media Contact e-mail:
editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
