HiveHive HIVE news

Price, 24h
0.08657 USD / 0.00000990
0.00% / 0.00%
Volume, 24h
0 USD
-100.00%
Marketcap
0 / 0%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

HIVE Blockchain Provides Webcast Details for Q1 F2020 Results

ZUG, Switzerland and VANCOUVER, Oct. 8, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") announces management will host a webcast on Wednesday, October 9, 2019 at 8:30am Eastern Time to discuss the Company's financial results for the three months ended June 30, 2019. Presenting on the webcast will be Frank Holmes, Interim Executive Chairman and Darcy Daubaras, Chief Financial Officer. IMPORTANT- ...Full story available on Benzinga.com
Benzinga

HIVE Blockchain Reports $5.6 Million of Net Income, Positive Cash Flow and Releases First Quarter Financial Results

ZUG, Switzerland and VANCOUVER, Oct. 8, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") announces its results for the first quarter ended June 30, 2019 (all amounts in US dollars, unless otherwise indicated). "I am pleased to report a healthy first quarter of positive net income and positive cash flow," said Frank Holmes, Interim Executive Chairman of HIVE. "The financial results reflect our relentless efforts to restructure the Company to ensure transparency and accountability and to strengthen our operational control of HIVE and improve our operational efficiency. These improvements along with a record quarter of mining Bitcoin enabled us to navigate successfully the significant year-over-year decline in the price of Ethereum. The Company ended the first quarter on solid financial footing with nearly $22 million of current assets, including nearly $8 million of cash." "Despite positive financial results, 2019 has been a challenging year for HIVE as we were forced to defend against a proxy battle," added Mr. Holmes. "However, we prevailed and the Company is benefitting from improved transparency, including new direct contracts with local suppliers rather than through our service provider,and financial controls. We expect further continued improvements throughout the fiscal year. "Our Swedish facility was shut down through much of the first half of the calendar year, a period of low Ethereum prices. We successfully rebooted the facility in July and are already seeing improvements in efficiency from our new strategic partnership with Blockbase Group announced in August, with transition anticipated to be complete in the near future." "Blockchain technology and cryptocurrencies continue to evolve," noted Mr. Holmes. "I am proud of the progress that we have made as industry leaders. We remain at the forefront of an emerging industry and our financial results speak to the operational improvements that we have made at the Company. With an improved cost structure and stabilization of the asset class, I remain confident that HIVE is very well positioned to benefit from positive momentum in the blockchain ecosystem. "We are hopeful these operational improvements will ultimately be reflected in our share price," concluded Mr. Holmes. "For most of our history as a public company, there has been a significant correlation between cryptocurrency prices and HIVE's share price as investors have used us as proxy for cryptocurrencies. Unfortunately, that correlation was impacted negatively following the proxy battle in the spring. This was amplified recently by large selling volume by a large blockchain industry ETF. This ETF uses rules-based investing and had to divest its shares in HIVE due to portfolio rules requiring issuers to have a market capitalization above $100 million. However, these shares have now been absorbed by new buyers. The ETF will able to reacquire their position, as they have with other companies, when our market cap rises back above $100 million." Q1 2020 Highlights Generated income of $9.1 million, with a gross mining margin of $3.6 million from mining of digital currencies; Mined 1,331 newly minted Bitcoin during the period Mined approximately 35,000 Ethereum Classic and over 3,200 newly minted Ethereum during the period Earned net income of $5.6 million for the period. Financial Review For the quarter ended June 30, 2019, HIVE's gross mining margin was 39%. First quarter income from digital currency mining was produced from an average of 3.8 MW of GPU production capacity, and 300 PH of Cloud Mining capacity, as at June 30, 2019. Below is an analysis of the Company's income and gross mining margin: Three months ended June 30, 2019 2018 Income from digital currency mining $ 9,123,630 $ 10,660,664 Operating and maintenance costs of digital currency mining (5,554,975) (4,219,483) Gross Mining MarginFull story available on Benzinga.com
Benzinga

Crypto miner HIVE sees 140% income rise over FY2018

Crypto miner HIVE sees 140% income rise over FY2018 - CryptoNinjas HIVE Blockchain Technologies Ltd. (HIVE), an operator of cryptocurrency mining facilities, today announced its results for the fourth quarter and full-year ended March 31, 2019 (all amounts in US dollars, unless otherwise indicated). The company realized the benefits of cheaper mining hardware costs along with Bitcoin prices increasing from $3,826 at the start of 2019 […] Crypto miner HIVE sees 140% income rise over FY2018 - CryptoNinjas
CryptoNinjas

HIVE Blockchain Reports 140% Increase of Income from Digital Currency Mining Over FY2018 and Releases Fourth Quarter and Full Year 2019 Financial Results

ZUG, Switzerland and VANCOUVER, Sept. 30, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") announces its results for the fourth quarter and full year ended March 31, 2019 (all amounts in US dollars, unless otherwise indicated). "Over the past year, HIVE has undergone significant changes which have improved transparency and accountability from strategic partners which will allow us to better manage our business," said Frank Holmes, Interim Executive Chairman of HIVE. "We weathered a challenging period for cryptocurrency and blockchain companies as the value of Bitcoin and Ethereum underwent tremendous erosion of value causing a massive fall in the cost of computing equipment. However, we opportunistically added Bitcoin capacity at attractive financial terms." "Since becoming interim CEO and adding a full-time CFO, we have restructured the company to strengthen our operational control of HIVE and improved our cost structure," said Frank. "There is more to be done but I am certain that the work done during the fiscal year and throughout 2019 has better positioned the Company for growth." "We are pleased by the financial results from our 300 Petahashes of Bitcoin mining capacity and the progress we have seen in our Ethereum mining following the restart of Sweden with Blockbase, our new operational partner, subsequent to the end of the 2019 fiscal year." added Mr. Holmes. "Our financial performance reflects the benefits of scale as we generated significant growth in revenue during fiscal 2019 against fiscal 2018," added Frank Holmes. "We made the prudent decision to write-down certain assets in fiscal 2019, a non-cash impairment charge that reflects dramatic industry changes and volatility of cryptocurrencies since we went public in 2017. The cost of new GPU chips declined dramatically in fiscal 2019 against the backdrop of Ethereum prices falling from more than $1,400 at the start of 2018 to less than $100 at the end of that year while Bitcoin fell from more than $14,000 to under $4,000 in the same timeframe." "These were unprecedented drops in currency and the capital equipment that I have not seen in my 40 years as an investor," noted Frank Holmes. "I want to stress that these impairments are non-cash charges, no cash went out the door, it is strictly an accounting treatment. That said, HIVE also benefited from the trend as we were able to scale our mining operations at lower than historical costs and we are realizing the benefits as Bitcoin prices have increased from $3,826 at the start of 2019 to highs of nearly $13,000 in June 2019. Similarly, Ethereum started the year at $130 and exceeded $330 in June 2019." "Further, we have witnessed important industry milestones as companies like JP Morgan and Facebook have embraced cryptocurrency and that adoption by consumers is on the rise," said Frank Holmes. "We continue to believe that we are in the early innings of the evolution of blockchain and it is my opinion that HIVE is positioned for growth and as leaders in the industry. We learned valuable lessons during the crypto bear market which resulted in us demanding greater transparency and accountability from our business partners while reducing our costs." FY 2019 Highlights Generated revenues of $31.8 million, a 143% increase over FY2018, with a gross mining margin1 of $7.0 million, from mining of digital currencies; Mined over 82,000 newly minted Ethereum during year ended March 31, 2019, representing an increase of 329% over prior year production, despite a shutdown of the facility in Sweden during a portion of the year; And mined 1,751 newly minted Bitcoin during year ended March 31, 2019. The company did not mine Bitcoin in the prior year; Recognized a non-cash impairment charge of $90.9 million related to our data centre equipment, SHA-256 ASIC capacity, and land development rights in Norway; Incurred a loss of $137.8 million for the year; Increased its mining capacity over the prior year by 318% by adding an additional 7 MW of data centre equipment and 300 PH of SHA-256 ASIC capacity; and Diversified its production range with the addition of cloud-based Bitcoin mining. Financial Review For the year ended March 31, 2019, HIVE's gross mining margin was 22%. Fourth quarter income from digital currency mining was produced from an average of 14.0 MW of GPU production capacity, and 300 PH of Cloud Mining capacity, as at March 31, 2019. Below is an analysis of the Company's income and gross mining margin: FY 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Full story available on Benzinga.com
Benzinga

HIVE Blockchain Provides Biweekly Status Update

ZUG, Switzerland and VANCOUVER, Sept. 24, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") is providing a biweekly status update on the delay of filing its annual financial statements and accompanying management's discussion and analysis for the financial year ended March 31, 2019 (collectively, the "Annual Filings"). As previously announced, the Company expects to release its Annual Filings on or before September 29, 2019. "I am pleased that we remain on track to release our financial statements," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "Our team has been hard at work to complete the audit and to meet our regulatory obligations. Though cryptocurrency remains volatile, which impacts the stock, blockchain and cryptocurrencies continue to move ahead and are reshaping the world that we live in. HIVE is proud to be a leader which can again focus our efforts and energy on moving the company ahead." HIVE confirms that since it announced a delay of its Annual Filings (the "Filings Notice") there is no material change to the information set out in the Filings Notice that has not been generally disclosed and there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines ...Full story available on Benzinga.com
Benzinga

HIVE Blockchain Reports Improved Performance and No Downtime During Transition to Blockbase Group Software Platform

ZUG, Switzerland and VANCOUVER, Sept. 10, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) ("HIVE") announces that the transition of the Company's GPU chips in Sweden to Blockbase Group DWC-LLC ("Blockbase") from Genesis Mining ("Genesis") is progressing on schedule and early results are showing improvements in efficiency and performance at the Swedish facility. Nicolás Chaparro, CEO of Genesis Mining Iceland ehf. and Genesis Mining's Regional Manager - Nordics, has continued to be extremely helpful throughout the migration. The Company is pleased to announce that the transition is not expected to require a shutdown of the equipment or the facility and the transition is scheduled to be completed prior to the end of September. "We are very happy with the pace of transition of our GPU chips in Sweden to Blockbase and the improved performance we are seeing," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "The software deployed by Blockbase is showing consistent performance enhancements as we migrate chips from Genesis. We continue to accumulate newly minted Ethereum coins mined at the facility and we are on-track to complete the cutover before the end of September. The fact that Blockbase's software and its engineers have been able to seamlessly migrate chips to their platform without meaningful downtime is a testament to Blockbase's expertise and the advancements implemented into their next gen software." HIVE also announces that it expects to file its annual financial statements and accompanying management's discussion and analysis for the financial year ended March 31, 2019 (collectively, the "Annual Filings") on or before September 29, 2019. As a result of the delayed Annual Filings the Company will have a delay in the filing of its interim financial statements, management's discussion and analysis, and the related certifications for the period ended June 30, 2019 ("Interim Filings"), which had a filing deadline of August 29, 2019 . HIVE will continue to provide biweekly status updates on the delay of filing its Annual Filings and Interim Filings. HIVE confirms that since it announced a delay of its Annual Filings (the "Filings Notice") there is no material change to the information set out in the Filings Notice that has not been generally ...Full story available on Benzinga.com
Benzinga

HIVE Blockchain Provides Update on Proposed Partnership with Argo Blockchain

ZUG, Switzerland and VANCOUVER, Sept. 3, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) ("HIVE") announces that it has ended discussions concerning a proposed partnership and share swap with Argo Blockchain (LSE:ARB) ("Argo"). HIVE previously announced on May 31 that the Company had entered a non-binding letter of intent and heads of terms and a share swap agreement with Argo to explore a proposed strategic partnership. "At the time of the announcement, our analysis indicated that Argo was significantly undervalued, and a relatively quiet stock trading below cash per share which made it an attractive investment. Today, in our opinion, it is fully valued," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "Since the announcement, HIVE's global brand has ignited awareness of Argo and its stock price. After analysis we are of the opinion that the best use of cash for HIVE shareholders is to expand operations in Sweden and North-America directly rather than invest in Argo. Further, their strategy and tactics have changed. We wish them success in their future endeavors in the crypto blockchain world." About HIVE Blockchain Technologies Ltd. HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art GPU-based digital currency mining resources in Iceland and Sweden, which produce newly minted digital currencies like Ethereum continuously as well as cloud-based ASIC-based capacity which produces newly minted digital currencies like Bitcoin. ...Full story available on Benzinga.com
Benzinga

Everything You Need to Know about Hive OS: The Ultimate Mining Management Platform

Coinspeaker Everything You Need to Know about Hive OS: The Ultimate Mining Management PlatformHive OS is a mining platform which allows for the easy setup and overseeing of all mining process and activity in an efficient manner. Using Hive, as many as a few thousand different rigs can be effortlessly controlled from one point.This is a great way to structure and run a mining farm with a large number of participants, keeping each one and the entire farm operating at its most efficient level. With Hive, you can also manage the farm, regardless of its size, from anywhere.Hive OS features a very easy setup process that lets you download and install the software. When the installation is complete, all connected mining rigs are automatically detected and then added to your management dashboard for easy control, supervision and administration.These features allow you to be as specific or as broad as you want with your entire pool. Depending on discretion, Hive OS allows administrators create schedules for workers as preferred. This means that all the different workers and respective rigs can be assigned specific responsibilities to be carried out at pre-determined times.Another great feature is the Hive OS RX Boost – AmdTweakTool. Using this tool with the AMD RX cards is an effective way to increase your mining hashrate as it can guarantee a boost by as much as 5%.AdministrationHive OS allows a high level of supervision from the main dashboard. Administrators can easily monitor all the rigs and pool configurations and also detect ASIC errors in time to solve them before productivity is affected. The dashboard also allows administrators to keep track of the general farm hashrates, monitor power consumption to help make better decisions regarding cost-effectiveness as it relates to energy, see specific team activity and view online statuses of all connected rigs.Furthermore, administrators have remote access to the farm from anywhere in the world and this access allows troubleshooting, GPU reboots and also remote installation of updates for all farm participants.NotificationsSmart Notifications are also possible. Even if you’re not viewing the dashboard all of the time, you can set specific responsibilities for all members of the team and get notified when these are achieved. Furthermore, everything including individual system performance and temperature status can be set as notifications if you need a notice. Hive OS supports both Telegram and Discord and allows notifications to come through these platforms.Hiveon ASIC and Hiveon PoolThe Hiveon ASIC is basically a custom mining firmware that generally increases performance and output without increasing power consumption. At the moment, Hiveon ASIC is available for Antminer S9, S9i, S9j, T9, and T9+.This game-changing firmware significantly improves efficiency by up to 25% and also allows up to 16.4TH/s for a standard PSU (for S9), 13.6 Th/s for T9. And even more with liquid cooling.Furthermore, LEDs notify when there’s a failure with any fans or chips and it features auto-tuning with bad ASIC chips to keep output as optimal as possible. Also, an added advantage here is that using Hive OS with all of its features is completely free for Hiveon ASIC users.The Hiveon Pool is also available for ETH. This means that earning power is increased and there is little to no worry about its actual efficiency and power, especially when compared to others.New coins soon. Stay tuned.Other Hive OS BenefitsApart from all its really great features, Hive OS has an amazing reward system for its loyal customers. It offers a 10% bonus as part of its Referral Reward System. Users can claim this simply by sharing referral links online through different social media platforms, online forums and also on blogs.Furthermore, users also have access to two additional bonuses. Firstly, a three-month deposit to your Hive OS account guarantees an additional 30% bonus. In addition to this, Hive OS also doubles deposits on holidays as a pleasant gift to loyal users. Join now to not miss it.Did summer pass so quickly cause you are setup miners all the time? It’s time to switch to Hive OS.Everything You Need to Know about Hive OS: The Ultimate Mining Management Platform
Coinspeaker

HIVE Blockchain Provides Biweekly Status Update

ZUG, Switzerland and VANCOUVER, Aug. 27, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") recognizes the thought leadership of the Swiss Financial Market Supervisory Authority ("FINMA") following progressive actions towards blockchain service providers. FINMA has, for the first time, issued banking and securities dealers' licences to two pure play blockchain service providers. As a company with operations in Zug, Switzerland this has the potential to be a positive development for HIVE as transaction costs could decrease while increasing opportunities for liquidity and banking options. "The granting of licenses to SEBA Crypto and Sygnum in Switzerland is another positive step for the blockchain industry broadly," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "I expect that this can have a positive impact on HIVE as transaction costs are expected to be lower while enhancing liquidity. The Swiss regulators are showing true leadership in blockchain and cryptocurrency and, in my view, it acknowledges the important role that blockchain technology is expected to play in the future of banking. SEBA has partnered with Julius Baer, a Zurich-based private bank, which comes on the heels of JP Morgan and Facebook entering the cryptocurrency landscape. I believe that large corporations and banking institutions entering the ecosystem is a testament to the disruptive nature of blockchain and cryptocurrency and the impact that it can have at a global level." HIVE also announces that it expects to file its annual financial statements and accompanying management's discussion and analysis for the financial year ended March 31, 2019 (collectively, the "Annual Filings") on or before September 29, ...Full story available on Benzinga.com
Benzinga

Crypto mining firm HIVE partners with Blockbase to optimize GPUs at Sweden facility

Crypto mining firm HIVE partners with Blockbase to optimize GPUs at Sweden facility 🟀 CryptoNinjas HIVE Blockchain Technologie (HIVE), an operator of GPU-based cryptocurrency mining resources in Iceland and Sweden, today announced that it has entered a strategic partnership with Blockbase Group DWC-LLC (Blockbase), as the new software operator and maintenance services provider for the company’s flagship facility in Sweden. Blockbase’s highly optimized software monitoring services are expected to enhance […] Crypto mining firm HIVE partners with Blockbase to optimize GPUs at Sweden facility 🟀 CryptoNinjas
CryptoNinjas

HIVE Partners With Blockbase to Optimize Mining

HIVE Blockchain has entered into a strategic agreement with Blockbase to be the HIVE’s software and maintenance service provider for mining operations in Sweden, as per a press release, August 13, 2019. Blockbase’s expertise in the realm of operational software will help HIVE optimize their GPU mining by increasing efficiency and reducing technology overheads. ExpansiveRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

HIVE Blockchain Enters Strategic Partnership with Blockbase Group and Provides Biweekly Status Update

ZUG, SWITZERLAND and VANCOUVER, Aug. 13, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE") is pleased to announce that it has entered a strategic partnership with Blockbase Group DWC-LLC ("Blockbase") as the new software operator and maintenance services provider for the Company's flagship facility in Sweden. Blockbase's highly optimized software monitoring services are expected to enhance the efficiency of HIVE's GPU mining operations while reducing costs. Additionally, HIVE has entered direct agreements with local suppliers which are now providing full transparency of costs at our Swedish operations. "Our new strategic partnership with Blockbase is exciting as it is expected to improve profitability and enhance our mining operations in Sweden," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "Management expects continued improvements in efficiency, and I have been very pleased with the early progress that Blockbase has shown in Sweden. We are looking forward to a long and prosperous working relationship for both companies. Signing agreements directly with local suppliers has dramatically improved transparency with regards to costs, a concern in early 2019, which we have successfully overcome. In my view, direct agreements provide a higher degree of accountability, predictability and transparency then prior agreements. We have received numerous requests from shareholders and financial analysts asking for improved transparency and I believe that the new partnership and strategy better satisfies their needs. Going forward, we will be in a position to improve disclosure to HIVE shareholders, financial analysts, and the financial community broadly." HIVE is also providing a biweekly status update on the delay of filing its annual financial statements and accompanying management's discussion and analysis ...Full story available on Benzinga.com
Benzinga
More news sources

Trending

Hot news

Hot world news

$100K Bitcoin Price Valuation | Stock To Flow Model? Electroneum ETN | Tron TRX Poloniex

Less than 3 million $BTC left to be mined. Bitcoin halving in 208 days. https://twitter.com/Altcoinbuzzio/status/1185356950688550912 When can you expect a 100k BTC - Real Vision Interview with Plan₿ https://twitter.com/realvision/status/1185245355061010437 https://www.newsbtc.com/2019/07/14/refreshed-model-bitcoin-btc-to-see-100000-after-2020s-halving Response to Above Model https://twitter.com/Super_Crypto/status/1185335547805556741 Bitcoin Halving to Push Market Cap Into the Trillions? https://beincrypto.com/dramatic-bitcoin-halving-to-push-market-cap-into-the-trillions Bitcoin as a Savings Technology https://bitcoinmagazine.com/articles/bitcoin-as-a-savings-technology-are-interest-accounts-worth-the-trade-offs Poloniex finds new backing led by Tron’s Justin Sun https://eng.ambcrypto.com/poloniex-splits-from-circle-finds-new-backing-led-by-trons-justin Electroneum ETN is Testing BETA App for AnyTasks Platform https://www.altcoinbuzz.io/crypto-news/product-release/electroneum-is-testing-beta-app-for-anytasks-platform Sign up for Altcoin Buzz FREE Newsletter: http://eepurl.com/dnIEz1 CRYPTO.COM MCO $50 REWARD https://platinum.crypto.com/r/k7tsgv2xc0 Sign up for eToro https://tinyurl.com/yxwa8vbt ----------------------------------------------------------------------------------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ -------------------------------------------------------------------------------- #bitcoin #cryptocurrency #altcoin #altcoins #crypto #BTC #ETH $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Startup Kava Ready To Raise $3 Million Through IEO On Binance

A few days ago, the Binance cryptocurrency exchange announced the Kava (KAVA) token sale on the Binance Launchpad. This is one of the many projects that conducted an […] The post Startup Kava Ready To Raise $3 Million Through IEO On Binance appeared first on UseTheBitcoin.
Use The Bitcoin

Tron [TRX] Up 5% Amid Rumours of Justin Sun Investing in Poloniex

Tron (TRX) has grown 5% in the last 24-hours following rumours of Tron CEO Justin Sun investing in Poloniex’s new digital firm.  Justin Sun May Invest in Poloniex On Friday, cryptocurrency exchange Poloniex announced in a blog post that it was spinning out of Circle and forming another company – Polo digital assets with new backers and a global focus. Among Poloniex developmental plans is focusing on global traders and spending $100M on expanding and developing the platform. Also, US customers will no longer be able to use Poloniex from the next month. According to rumours, one of the new backers of Poloniex is Justin Sun. The unconfirmed news comes from several Circle employees who refuse to be named. According to sources, Justin Sun is leading the Asian investment consortium backing Poloniex’s new company and he visited Circle’s Boston headquarters regarding the same yesterday and today. Justin Sun has not yet confirmed if the rumours are actually true. TRX Up 5% Amid Rumours TRX has grown 5% in a sluggish market in the last 24-hours, and this upward movement seems to have come as a reaction to the news of Sun’s plans of investment. Source: CoinMarketCap Tron began the week at $0.0161. It reached a weekly high of $0.168 on Tuesday, but it could sustain the upward movement for long, and it closed at $0.0157. On Wednesday, it tumbled further and hit $0.0148 before bouncing to $0.152. On Thursday, it plunged to the weekly low of $0.0146, but embarked on an upward movement again, closing at $0.0154. Yesterday, plummeted to a low of $0.0147, but began an upward journey again to reach $0.0155. Today, it rose to $0.0157 to mark a nearly 5% gain in a 24-hour period. At press time, it is trading at $0.0155. Other Developments at Tron Today, Tron announced the details of its association with Huobi Global. Justin Sun tweeted that users would now be able to deposit TRC20-USDT on Huobi with upto 30% Annualized Percentage Rate (APR) interest as a reward. Source: Twitter Today, as an update on its partnership with the sports betting platform, Sportsbet.io, Tron announced that users would be able to use their TRX to bet on the platform from October 20. The post Tron [TRX] Up 5% Amid Rumours of Justin Sun Investing in Poloniex appeared first on Coingape.
CoinGape
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.