BTC

OKX's 16th Consecutive Proof of Reserves Report: USD17.7 Billion in Primary Assets

Retrieved on: 
Monday, February 26, 2024

DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.

Key Points: 
  • DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.
  • OKX included Bitcoin Cash (BCH) in its PoR report for the first time in January 2024.
  • Reiterating the consistency of previous reports, OKX's 16th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, thereby ensuring that user funds are backed on a 1:1 basis.
  • Since the inception of the program, OKX has integrated various updates and improvements to its PoR based on user feedback.

BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023

Retrieved on: 
Friday, February 23, 2024

AKRON, Ohio, Feb. 23, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • AKRON, Ohio, Feb. 23, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter ended December 31, 2023.
  • Net loss attributable to BIT Mining was US$0.8 million for the fourth quarter of 2023, compared with net loss attributable to BIT Mining of US$40.0 million for the fourth quarter of 2022, and net loss attributable to BIT Mining of US$4.7 million for the third quarter of 2023.
  • Non-GAAP net loss1 attributable to BIT Mining was US$0.9 million for the fourth quarter of 2023, compared with non-GAAP net loss attributable to BIT Mining of US$15.1 million for the fourth quarter of 2022, and non-GAAP net loss attributable to BIT Mining of US$3.9 million for the third quarter of 2023.
  • Net loss attributable to BIT Mining was US$4.2 million for the fourth quarter of 2023, compared with net loss attributable to BIT Mining of US$109.2 million for the fourth quarter of 2022, and net loss attributable to BIT Mining of US$4.4 million for the third quarter of 2023.

Lumerin Announces New Integration with Portal DEX for Decentralized Bitcoin Mining and Cross-Chain Hashpower Trading

Retrieved on: 
Thursday, February 22, 2024

CHICAGO, Feb. 22, 2024 /PRNewswire-PRWeb/ -- Lumerin, a decentralized Hashpower Marketplace built on Arbitrum that has built technology to make Bitcoin hashrate a liquid asset allowing for global access to peer-to-peer, decentralized hashrate trading, today announced a new integration with Portal, the first trust-minimized, cross-chain swaps that involve no bridges, custody or wrapping.

Key Points: 
  • Portal Swaps SDK was developed by Portal, a fintech provider advancing financial self-sovereignty via the first bridgeless, wrapper-less cross-chain decentralized exchange (DEX) network.
  • Lumerin's peer-to-peer marketplace provides a platform for miners to create and sell Bitcoin hashpower contracts directly in the open market.
  • "Virgin Bitcoin, accessible via Lumerin, is a private method for acquiring Bitcoin," said Ryan Condron, a long-time Bitcoin mining veteran and CEO and founder of Lumerin.
  • Portal has already successfully demonstrated cross-layer, cross-chain Layer 1 and Layer 2 swaps of NFTs on Bitcoin, including Ordinals and BRC-20 tokens.

DeFi Technologies' Subsidiary Valour Inc. Announces Record AUM of C$590 Million, Launch of Valour Inc.'s Ripple (XRP) and Binance (BNB) ETPs

Retrieved on: 
Thursday, February 22, 2024

Launch of XRP and BNB ETPs: Valour has introduced Ripple ("XRP") and Binance ("BNB") Exchange Traded Products on Nordic Growth Market ("NGM") exchange expanding its range of digital asset investment products.

Key Points: 
  • Launch of XRP and BNB ETPs: Valour has introduced Ripple ("XRP") and Binance ("BNB") Exchange Traded Products on Nordic Growth Market ("NGM") exchange expanding its range of digital asset investment products.
  • Valour continues to prioritize product innovation and development, and it has plans to list additional traditional and physically backed ETPs in the coming months.
  • Additionally, Valour has launched Ripple ("XRP") and Binance ("BNB") ETPs on the Nordic Growth Market ("NGM") exchange.
  • Additionally, Valour has launched Ripple (XRP) and Binance (BNB) ETPs on the NGM exchange.

New to The Street Airs Episode 556 Featuring Five Corporate Interviews, Broadcast on the FOX Business Network Monday, February 19, 2024, at 10:30 PM PT

Retrieved on: 
Friday, February 16, 2024

New to The Street's Episode 556 line-up features the following five (5) Corporate interviews:

Key Points: 
  • New to The Street's Episode 556 line-up features the following five (5) Corporate interviews:
    2).
  • Tonix's new drug, called Tonmya™, is a new class of medicine that controls pain in those who have fibromyalgia.
  • Fibromyalgia is common in women who have been unsuccessful in finding current marketplace drugs limited in the treatment success.
  • Clinical studies have shown that Tonmya™ can eliminate most pain, enhance sleep, and diminish fatigue in patients.

BTC POWER Exhibiting at WPMA Expo 2024 in Las Vegas, NV

Retrieved on: 
Friday, February 16, 2024

SANTA ANA, Calif., Feb. 16, 2024 /PRNewswire/ -- BTC POWER is thrilled to announce its participation in the 2024 Western Petroleum Marketers Association (WPMA) Expo , scheduled to take place on February 20-22nd, 2024 at the Mirage Hotel Expo Center in Las Vegas, NV.

Key Points: 
  • SANTA ANA, Calif., Feb. 16, 2024 /PRNewswire/ -- BTC POWER is thrilled to announce its participation in the 2024 Western Petroleum Marketers Association (WPMA) Expo , scheduled to take place on February 20-22nd, 2024 at the Mirage Hotel Expo Center in Las Vegas, NV.
  • The Gen4 line stands for a significant advancement in EV Charging offering simultaneous DC Fast charging, dynamic power sharing, a smaller footprint, and NEVI compliant configurations.
  • "We are pleased to participate in WPMA Expo for the second year.
  • For media inquiries or to schedule a meeting with our team during the expo, please contact Caitie Romano at [email protected]
    BTC POWER is a proud participant in the 2024 WPMA Expo, displaying innovation and commitment to excellence in EV Charging.

DMG Blockchain Solutions Announces Relationship with Sygnum Bank to Provide Credit Facility

Retrieved on: 
Thursday, February 15, 2024

In addition to this US$9 million credit facility, DMG intends to use some of its existing cash towards the purchase of these miners from Bitmain.

Key Points: 
  • In addition to this US$9 million credit facility, DMG intends to use some of its existing cash towards the purchase of these miners from Bitmain.
  • Sygnum has the right to terminate the agreement at any time, at which time the loan would be due immediately.
  • The loan is secured against the Company’s digital currency assets of 237.8 BTC, which are pledged and deposited with Sygnum.
  • DMG’s CEO Sheldon Bennett commented, “We are very happy to announce this partnership with Sygnum as a strategic banking partner.

RockWallet to Onboard Former Wyre Users After Acquisition of its Customer Base

Retrieved on: 
Thursday, February 15, 2024

WILMINGTON, Del., Feb. 15, 2024 /PRNewswire/ -- RockWallet, a self-custodial, multicurrency wallet that makes it easy to discover, buy, sell, and trade digital assets quickly and securely, announced today that it has acquired Wyre's full base of customer accounts, following the shutdown of the popular crypto payment platform in June 2023. In the first transaction of its kind for the company, RockWallet has begun contacting clients to help them seamlessly continue their journeys in the digital asset landscape, without the need for redoing KYC or going through the inconvenience of onboarding again.

Key Points: 
  • Customers will receive communications directly from Wyre with log-in details and instructions to reactivate their accounts, helping them easily migrate to the RockWallet platform and benefit from its powerful features.
  • "As the appointed representative overseeing the wind down of Wyre, we emphasize our dedication to prioritizing customer interests and upholding stringent compliance standards," said Gregg Yorkison, Assignee.
  • In assigning the customers to RockWallet, we've identified a company aligning with Wyre values and introducing innovative solutions.
  • This transaction signifies a notable progression for Wyre users, and we look forward to have them onboard this user-friendly platform to meet all their digital asset needs."

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended January 31, 2024

Retrieved on: 
Thursday, February 15, 2024

Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "Our Bitcoin mining operations continue to grow steadily, and in January the Company mined 31.7 Bitcoin, all of which we chose to hold rather than sell due to the strength of our balance sheet.

Key Points: 
  • Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "Our Bitcoin mining operations continue to grow steadily, and in January the Company mined 31.7 Bitcoin, all of which we chose to hold rather than sell due to the strength of our balance sheet.
  • We are committed to an infrastructure-light strategy in our mining operations, focusing on acquiring assets closely linked to the price of Bitcoin.
  • Recently, we invested in 300 Bitmain S21 Antminer mining machines, the most advanced Bitcoin mining equipment available, anticipating that their value will increase alongside the anticipated appreciation in the price of Bitcoin following a halving event.
  • Based upon the price of Bitcoin as of February 14, 2024 (approximately $51,750), the total value of our 126.8 Bitcoin holdings would be worth approximately $6.6 million.

Localcoin Introduces New Feature: Sell Bitcoin Easily with INTERAC e-Transfer®

Retrieved on: 
Thursday, February 15, 2024

Users can quickly and easily sell cryptocurrencies online and receive funds directly in their Canadian bank accounts via INTERAC e-Transfer within minutes.

Key Points: 
  • Users can quickly and easily sell cryptocurrencies online and receive funds directly in their Canadian bank accounts via INTERAC e-Transfer within minutes.
  • The inclusion of the INTERAC e-Transfer sell feature is a significant milestone for Localcoin, reflecting the company's dedication to streamlining cryptocurrency accessibility for its customers.
  • Key Benefits of Localcoin INTERAC e-Transfer feature:
    Convenience: By integrating with INTERAC e-Transfer, users can sell their cryptocurrencies for cash without driving to an ATM.
  • How to Use Localcoin INTERAC e-Transfer Sell:
    Sell your Bitcoin (BTC) online and get an INTERAC e-Transfer straight to your bank account.