Page 7 - Blockchain Crypto News Today

Argo Blockchain’s renewable energy mining will differentiate it from the rest of the market, says broker In a note, the broker said the Bitcoin mining firm’s results for 2020 had also come in “slightly ahead” of their expectations Argo Blockchain PLC’s (LON:ARB) expansion of its Bitcoin mining operation with a new facility in Texas will enable it to differentiate itself in the market through “access to very low cost, renewable power”, according to analysts at its house broker finn...

Argo Blockchain report best in class results with focus on growing intelligently in 2021 Argo Blockchain PLCs (LON:ARB) Peter Wall catches up with Proactive Londons Katie Pilbeam after swinging into profit in 2020 with a surge in revenues. In its results for the year to December 31, 2020, the company reported a net profit of £1.7mln compared to a £0.7mln loss in 2019 as revenues jumped 120% to £19mln. Speaking to Pilbeam, Wall says the goals for us were to be leaner and smarter and weve now ...

Cryptos to watch: Could Ethereum eclipse Bitcoin? Companies Cryptos to watch: Could Ethereum eclipse Bitcoin? The second most valuable crypto on the market is still at a fraction of the worth of its older sibling, however the technological difference between the two could give it an edge in a battle of the blockchains The past week has not been a kind one to the crypto markets, with concerns over regulation and other legal issues causing the prices of many well-known tokens to rapidly fall in v...

Bitcoin falls below US$50,000 as crypto sell-off continues The original digital currency is currently trading at around US$48,000 just over a week after hitting a record high of over US$63,000 Bitcoin’s price has fallen below US$50,000 for the first time since early March as a sell-off in crypto markets continued to drag down the value of digital currencies across the board. In mid-morning trading on Friday, Bitcoin was down 11.3% in the last 24 hours at US$48,231, just over a week after hitt...

Ether hits all-time high amid crypto market volatility The worlds second-most valuable cryptocurrency hit an all-time high of US$2,592 in early afternoon on Thursday Ether, the cryptocurrency that powers the Ethereum blockchain, hit a record high on Thursday afternoon as the ongoing volatility in the crypto markets continued to produce large price swings. At around 1.30pm in London, Ether reached an all-time high of around US$2,592, and while it fell back slightly across the rest of the afterno...

Wildcat Petroleum signs up Namibia explorer for blockchain project The company is working on a blockchain technology for oil industry transactions, eyeing a possible launch by the end of this year Wildcat Petroleum PLC (LON:WCAT) has signed an agreement with Nabirm Global, a licence holder in Namibia, for a possible future blockchain project. Nabirm owns an exploration licence offshore Namibia estimated to have a potential 8.7bn barrels of prospective resources, and, Wildcat is exploring the i...

NFT Investments makes maiden investment in non-fungible token space The company has invested US$1mln in AEON, which offers non-fungible token-based verification technology to strengthen product authentication for designer goods and combat luxury counterfeiting NFT Investments PLC (LON:NFT) said it made its maiden investment in the non-fungible token (NFT) space by acquiring a stake in AEON International, a technology developer for the luxury fashion industry. The company said it invested US$1ml...

Argo Blockchain agrees deal to construct Texas mining facility The crypto-miner said it has signed a contract with mining facility designer Navier to co-develop its new location in Helios Argo Blockchain PLC (LON:ARB) said it signed a contract with Navier Inc, a specialist designer and builder of cryptocurrency mining facilities, to co-develop the company’s new facility in Helios, Texas. The crypto-miner said under the agreement Navier will provide consulting services relating to the design ...

The Chancellor of the Exchequer said the taskforce will explore the potential for a digital currency issued by the Bank of England as part of a package...

Canada’s fourth Bitcoin ETF begins trading on Toronto Stock Exchange The 3iQ CoinShares Bitcoin ETF is aiming to provide investors with exposure to Bitcoin as well as “the opportunity for long-term capital appreciation” 3iQ Corp, Canada’s largest asset manager, has said its 3iQ CoinShares Bitcoin exchange-traded fund (ETF) (TSX:BTCQ) has begun trading on the Toronto Stock Exchange (TSX). The company said the ETF will look to provide investors with exposure to Bitcoin as well as “the o...