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Palm Beach, Florida.And January 13, 2022 /PRNewswire/ – Cryptocurrency is known as virtual currency. It is a form of currency that exists only digitally and has no central issuing or regulating authority above. It uses blockchain technology to authenticate transactions. Blockchain is a decentralized technology spread across multiple computers that manages and records transactions. Moreover, it does not depend on banks to verify transactions but is used as a peer-to-peer system that enables users to send and receive payments from anywhere in the world. A report by Allied Market Research said: “Increasing need for operational efficiency and transparency in financial payment systems, increased demand for remittances in developing countries, increased data security, and improved market capitalization are the main factors driving the growth of the global cryptocurrency market. In addition, the high implementation cost and lack of awareness of cryptocurrencies among people in developing countries hampers the growth of the cryptocurrency market. Moreover, it is expected that the increase in demand for cryptocurrencies among banks and financial institutions and the untapped potential in emerging economies will provide a profitable opportunity for market expansion during the period Outlook The hardware segment has gained a significant share in the cryptocurrency market due to the increasing need to upgrade software performance and enhance the efficiency of financial payment tools. However, the software segment is expected to grow at the highest rate during the arket forecast period, as it facilitates the management of the huge volume of data that are created to gain meaningful insights and better informed decisions.” Companies active in today’s markets include OLB Group, Inc. (NASDAQ: OLB), Blockchain Riot, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), CleanSpark Inc. (NASDAQ:CLSK), HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSXV: HIVE).
Allied Market Research concluded: “Depending on the region, the cryptocurrency market has been dominated by cryptocurrency markets.” Asia Pacific In 2020, it is expected to hold its position during the forecast period. Due to the increase in the number of bitcoin exchanges via Asia, which brings a certain healthy competition and maturity to the cryptocurrency industry. Chinese banks are hiring blockchain experts as the government works to advance the use of the technology behind bitcoin to increase transparency and fight fraud in its financial sector. These factors are driving the growth of the cryptocurrency market in the region. The cryptocurrency market is expected to witness promising growth in the coming years, due to improved data transparency and independence across payments in banking, financial services, insurance and various other business sectors. The use of cryptocurrency across banking industries offers various benefits such as transparently sending and receiving payments and storing customer detail information securely for the next purpose.”
OLB Group, Inc. (NASDAQ: OLB) Breaking news: OLB GROUP expects to start delivery of an additional 400 ANTMINER S19J PRO crypto devices this month – Today the OLB Group, Inc. , a diversified e-commerce service company and Bitcoin mining enterprise, says DMint, Inc. Ltd., a wholly owned subsidiary of OLB (“DMint”), expects to receive the first four hundred (400) additional Bitcoin mining Antminer S19j PRO devices this month. The application was paid in advance in November 2021.
DMint expects to produce approx 1 million dollars In increasing monthly revenue (assuming the average price of Bitcoin is $42,000) once all 1,000 miners are deployed and up and running.
“On delivery, these 400 Antminers will bring our total number of crypto machines to 1,000. We expect to periodically order additional machines on an ongoing basis as we fund the required capital investment through debt financing,” he said. Ronnie YakovChairman and CEO of the OLB Group.
OLB provides merchants with comprehensive commerce services including leading-edge crypto-commerce capabilities, e-commerce, back-office operations, and online, in-store and mobile payment acceptance. Merchants using OLB’s OmniSoft Business Management platform can transact with customers through digital wallets, cryptocurrency wallets, and traditional card-based payments. OLB expects to leverage DMint’s mining operations to support expanded crypto commerce services including financing, lending, and fundraising for small and medium-sized businesses.
Traders interested in implementing crypto-trade or comprehensive commerce services can create an OmniSoft account at https://cardaccept.com/#contact. continued… For more information about OLB Group, please visit https://olb.com/ or http://olb.com/investors-data/.
Recent developments in the markets include:
Riot Blockchain, Inc. (NASDAQ: RIOT) It recently announced that it has acquired Ferrie Franzmann Industries, LLC (d/b/a ESS Metron) (“ESS Metron”). The total consideration payable in the transaction is approximated 50 million dollars, which consists of 715,413 shares of Riot common stock and 25 million dollars Cash, financed with cash on the balance sheet.
ESS Metron is a leading company with over sixty years of experience designing and producing highly engineered electrical equipment solutions, many of which are critical to successfully deploying Bitcoin mining at large scale. The acquisition helps ensure Riot’s installations for miners are timely by eliminating the risk of purchasing mission critical infrastructure. The acquisition strengthens Riot’s competitive position across the electrical supply chain, where ESS Metron is also a major supplier to many external customers. Deal value approx 50 million dollarsAnd 25 million dollars Payable in cash, the remainder in issue of up to 715,413 shares of Riot common stock.
Marathon Digital Holdings Inc (NASDAQ: MARA), One of the largest Bitcoin mining companies in the world North America, recently posted unaudited Bitcoin (“BTC”) miner production and installation updates for December 2021.
“2021 was a transformative year for a marathon as we increased our hash rate by 1790% and increased our bitcoin production by 846% year-over-year to 3,197 self-mined BTC.” Fred Thiel, CEO of Marathon Corporation. “We ended the year with our most productive month to date, producing 484.5 bitcoins in December and 1,098 bitcoins in the fourth quarter. We have expanded our agreement with Compute North and secured access to reliable hosting and renewable energy behind the counter at industry-low rates for over 100,000 miners who We recently placed a record order for our latest BITMAIN machine, the S19 XP. As a result, we increased our projected hash rate by 75% from our previous forecast of 13.3 EH/s by mid-2022 to 23.3 EH/s by early 2023. .
CleanSpark Inc. (NASDAQ:CLSK), A sustainable bitcoin mining and energy technology company, recently released an unaudited update of bitcoin production and operations for its year-to-date calendar. December 31, 2021.
Bitcoin Production and Operations Update (unaudited): December monthly production: 226; End of production year to calendar date December 31: 1,528; Total BTC holdings as of December 31: 633; Total BTC transferred for operations and growth at CY2021: 909; Currently deployed fleet of more than 18,800 last generation bitcoin miners with a total hash rate of 1.9 EH/s.
The company sold 414 bitcoins during December 2021 average $49,791 per BTC to support growth and operations. As of the date of this release, daily BTC production has reached an all-time high of 9.5.
HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSXV: HIVE) recently explained to him January 10 2022 Press Release “HIVE Blockchain Presents December 2021 Production numbers and calendar for 2021.” In a dated HIVE press release January 10 2022We downplayed certain aspects of our 2021 cryptocurrency production.
The news release stated that “the total amount of Bitcoin mined was 3,222 based on BTC/ETH/ETC.” This was incorrect due to a typo. The total Bitcoin equivalent mined by HIVE in 2021 was 4,032. This takes into account the Bitcoin, ETH and ETC mined by HIVE during the 2021 calendar year.
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