Cryptocurrency and security

Massive North American Bitcoin Mining Operator Blockcap Announces C-Level Management Team, Key Directors

Retrieved on: 
Tuesday, February 9, 2021

Blockcap Inc. (Blockcap or Company), one of the largest bitcoin mining operations in North America, today publicly announced its C-Level Management Team and Board of Directors.

Key Points: 
  • Blockcap Inc. (Blockcap or Company), one of the largest bitcoin mining operations in North America, today publicly announced its C-Level Management Team and Board of Directors.
  • The moves amplify Blockcaps deep expertise in bitcoin mining, and come as the company implements plans to dramatically increase its already-massive fleet of approximately 10,000 bitcoin miners.
  • Chairman Feinstein, part of the original team behind Core Scientific, a global leader in bitcoin mining facilities and artificial intelligence-hosting capabilities, has worked to build out Blockcap to an industrial-scale mining operation.
  • One of the largest mining companies in North America, Blockcap plans to exceed one Exahash in computing power within Q1 2021.

Loop Insights Integrates Bitcoin, Ethereum and Litecoin Into Contactless Payments Platform For Retail Customers and Enterprise Partners, With Patent-Pending Technology Filed in 2019, As Cryptocurrency Payments Undergo Global Paradigm Shift Toward Mass Acc

Retrieved on: 
Tuesday, January 19, 2021

Initial integration was prepared in 2018, with patents filed in 2019 and put on standby in anticipation of todays global commerce and regulatory acceptance of cryptocurrency payments.

Key Points: 
  • Initial integration was prepared in 2018, with patents filed in 2019 and put on standby in anticipation of todays global commerce and regulatory acceptance of cryptocurrency payments.
  • The platform will then communicate with the retailer, depositing the sum in either cryptocurrency or local FIAT currency.
  • Because the Fobi platform is not dependent on any individual cryptocurrency, customers are free to use whichever cryptocurrency they prefer, using the mobile wallet of their choice.
  • Moving forward, Loop will continue to work with leading cryptocurrency exchanges such as Kraken, BitFinex, and Binance to convert payments made in cryptocurrency into local FIAT currencies.

Investview (INVU) Reports New Record $1.88 Million Month Bitcoin Mining Revenue and Increased Bitcoin Holdings in its SAFETek Subsidiary

Retrieved on: 
Monday, January 4, 2021

SafeTek increased its Bitcoin mining revenue by an estimated 33.5% (from approximately $1.40 million in November 2020 to approximately $1.88 million in December 2020) and profit margin by an estimated 30% (from approximately $817 thousand in November 2020 to approximately $1.06 million in December 2020).

Key Points: 
  • SafeTek increased its Bitcoin mining revenue by an estimated 33.5% (from approximately $1.40 million in November 2020 to approximately $1.88 million in December 2020) and profit margin by an estimated 30% (from approximately $817 thousand in November 2020 to approximately $1.06 million in December 2020).
  • SafeTek produced nearly 86 Bitcoin in December- averaging approximately 2.77 BTC per day.
  • This growth was made possible through INVUs strategic investments in cryptocurrency mining hardware, software & enhanced IT operations, and was further bolstered by significant Bitcoin price increases which appreciated by over 48% in December to near $28,700.
  • This represents a new milestone for SafeTek with revenue growth of 33.5% to $1.88 million and profits expanding by nearly 30% to $1.06 million in December.

Bit Digital Bitcoin Mining Company Releases the First Half 2020 Financial Results Announcing Over $10 Million Worth of Bitcoins Earned

Retrieved on: 
Wednesday, October 28, 2020

NEW YORK, Oct. 28, 2020 /PRNewswire/ --Bit Digital, Inc. (Nasdaq: BTBT), the Nasdaq listed Bitcoin mining company headquartered in New York, released the first half 2020 financial results report at 9:00 EST on October 19, 2020.

Key Points: 
  • NEW YORK, Oct. 28, 2020 /PRNewswire/ --Bit Digital, Inc. (Nasdaq: BTBT), the Nasdaq listed Bitcoin mining company headquartered in New York, released the first half 2020 financial results report at 9:00 EST on October 19, 2020.
  • The report showed the Company has earned 949.51 bitcoins since its principal business shifted to bitcoin mining in February 2020.
  • Highlights from the first half 2020 financial results include as follows:
    1) Bit Digital (NASDAQ: BTBT) has reached 1250 PH/s of bitcoin hash rate capacity and ranked one of the largest Nasdaq listed bitcoin mining company in terms of the computer power.
  • 2) Bit Digital launched its bitcoin mining operation in February 2020.

Riot Blockchain Reports Second Quarter 2020 Financial Results, Recent Operational & Financial Highlights

Retrieved on: 
Monday, August 10, 2020

CASTLE ROCK, Colo., Aug. 10, 2020 /PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States,reported financial results for the quarter and year to date periods ended June 30, 2020.

Key Points: 
  • CASTLE ROCK, Colo., Aug. 10, 2020 /PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States,reported financial results for the quarter and year to date periods ended June 30, 2020.
  • Riot also relocated its entire mining operation to a lower-cost facility during the second quarter and oversaw the termination of the SEC investigation as announced during the first quarter.
  • Produced 508 newly minted bitcoins (BTC) during the six-month period ended June 30, 2020, despite experiencing downtime associated with relocating to Coinmint's facility in the second quarter of 2020 and the Bitcoin halving event that occurred in May 2020.
  • As of June 30, 2020, invested $7 million in next-generation miners that will be received in the second half of 2020.

More Efficient, Lower Power Costs Increasing Value of Digital Mining Operations

Retrieved on: 
Thursday, June 18, 2020

In other words, although the time taken to produce a bitcoin doesn't vary, the computing power used to produce it does.

Key Points: 
  • In other words, although the time taken to produce a bitcoin doesn't vary, the computing power used to produce it does.
  • The mining of cryptocurrencies and the underlying blockchain technology presents both challenges and opportunities to the miners and energy sector.
  • Mining companies that run lots of ASIC miners as businesses claim touse only one watt of power for every gigahash per second of computing performed when mining for bitcoins.
  • Our team continues to execute on our core strategy of securing low cost, reliable power and supplying our partners with smart infrastructure and cost-efficient power solutions for their data hosting and digital mining operations.

More Efficient, Lower Power Costs Increasing Value of Digital Mining Operations

Retrieved on: 
Thursday, June 18, 2020

In other words, although the time taken to produce a bitcoin doesn't vary, the computing power used to produce it does.

Key Points: 
  • In other words, although the time taken to produce a bitcoin doesn't vary, the computing power used to produce it does.
  • The mining of cryptocurrencies and the underlying blockchain technology presents both challenges and opportunities to the miners and energy sector.
  • Mining companies that run lots of ASIC miners as businesses claim touse only one watt of power for every gigahash per second of computing performed when mining for bitcoins.
  • Our team continues to execute on our core strategy of securing low cost, reliable power and supplying our partners with smart infrastructure and cost-efficient power solutions for their data hosting and digital mining operations.

CrypChain to Offer a Variety of Purchase Solutions for Cryptocurrencies

Retrieved on: 
Thursday, May 28, 2020

CrypChain is a solid brand now providing access to the fastest and easiest way to buy or sell Bitcoin, as well as other highly demanded cryptocurrencies.

Key Points: 
  • CrypChain is a solid brand now providing access to the fastest and easiest way to buy or sell Bitcoin, as well as other highly demanded cryptocurrencies.
  • Customers have a variety of purchase solutions, including credit card and wire transfer.
  • In order to provide a great solution, Crypchain offer it's customers a variety of purchase solutions including Credit Card and Wire Transfers.
  • With well-connected Bitcoin miners and the world's largest exchange platforms, Crypchain are your first step into the Cryptocurrency world.

Bitcoin IRA™ Reveals Data Highlighting Strong Demand For Cryptocurrency IRAs In 2020

Retrieved on: 
Thursday, March 5, 2020

Since 2016, Bitcoin IRA has processed over $400 million in cryptocurrency transactions, opened more than 50,000 consumer accounts and performed thousands of individual trades for its clients.

Key Points: 
  • Since 2016, Bitcoin IRA has processed over $400 million in cryptocurrency transactions, opened more than 50,000 consumer accounts and performed thousands of individual trades for its clients.
  • Total transaction volumes reached all-time highs on Bitcoin IRA's 24/7 self-trading platform in February 2020.
  • This data is also reflective of the company lowering its investment minimums in February 2020 to $500 per cryptocurrency.
  • A transaction is any single cryptocurrency that was purchased or liquidated on the Bitcoin IRA platform.

CipherTrace Research Finds Insider Frauds Skyrocketed in 2019 Contributing to Total Crypto-Crime Losses of $4.5 Billion

Retrieved on: 
Tuesday, February 11, 2020

Among key research findings, CipherTrace discovered that cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud.

Key Points: 
  • Among key research findings, CipherTrace discovered that cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud.
  • Our research revealed some surprising trends in 2019, said David Jevans, CEO of CipherTrace.
  • However, as the report suggests, if 2019 had a Person of the Year, it would have been The Malicious Insider.
  • CipherTrace Labs research also found that the typical top 10 U.S. bank unknowingly facilitates approximately $2 billion in illicit cryptocurrency transactions each year.