Posts

Litecoin ETC to List on Deutsche Boerse

  TipRanks The Dip in These 3 Stocks Is a ‘Buying Opportunity,’ Say Analysts The investing game is rarely plain sailing. While no doubt investors would like the choices that make up their portfolio to always go up, the reality is more complicated. There are periods when even shares of the world’s most successful companies have been on a downward trajectory for one reason or another. While it’s no fun watching a stock you own drift to the bottom, any savvy investor knows that if the company’s fundamentals are sound to begin with, the pullback is often a gift in disguise. This is where the chance for strong returns really comes into play. “Buy the Dip” is not a cliché without reason. With this in mind, we scoured the TipRanks database and picked out 3 names which have been heading south recently, specifically ones pinpointed by those in the know as representing a buying opportunity. What’s more, all 3 are rated Strong Buys by the analyst consensus and projected to rake in at least 70%

Clubhouse launches payments so creators can make money

  The Daily Beast America’s Most Iconic Natural Wonder Has a Uranium Mine Next Door Scott Buffon/Arizona Daily Sun via APJust 10 miles south of the entrance to the South Rim of the Grand Canyon is a giant hole in the ground where miners are hoping to strike it big with one of Earth’s rarest but deadliest elements—uranium. Despite it only being about 17 acres in size, the Canyon Mine extends over 1,400 feet down into the Earth’s surface and critics worry it could scar the Grand Canyon itself and pollute a nearby tribe’s water.Mining has been prevalent in the region surrounding the Grand Canyon since the early 1900s. During the atomic era of the 1950s, it was a little bit like the Wild West—interest in uranium mining soared and it evolved into a highly unregulated industry, where people were walking around with Geiger counters and shovels, hoping to sell it to the government for profit.As the price of uranium plummeted, so did interest in mining the region. However, in the mid-2000s,

Clubhouse Will Now Lets Creators Make Money For Content: Here's How

  Clubhouse doesn't have an Android app yet and that's still a downer but starting today the invite-only audio chat app is making the platform a more endearing space for creators. Enter Clubhouse Payments — a peer-to-peer monetization option for creators who engage rooms on the platform. In a blog post, Clubhouse announced that it would partner with the payment processing startup Stripe to offer direct payments on the app for the first time in order to bring the platform in line with its foundational principle of putting creators first. “Our aim is to help creators build community, audience, and impact,” the blog post says. “And as Clubhouse continues to scale, it’s important to us to align our business model with that of the creators helping them make money and thrive on the platform.” Although not all creators will be eligible to receive payments immediately — Clubhouse says it will begin rolling out payments in waves “starting with a small test group”.

Riot Blockchain inks a deal to acquire the largest North American bitcoin hosting facility for $650 million

  Riot Blockchain, Inc. The Whinstone bitcoin mining facility in Rockdale, Texas. Riot Blockchain, Inc. Riot Blockchain is set to acquire Whinstone, the largest North American bitcoin hosting facility. The transaction is valued at ~$650 million and includes $80 million in cash plus 11.8 million shares of RIOT. Riot also acquired 42,000 S19j Antminers from Bitmain increasing its bitcoin mining hash rate to 7.7 EH/s. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Riot Blockchain has signed a definitive agreement to acquire the largest North American bitcoin hosting facility, Whinstone US, for $80 million cash plus a fixed 11.8 million shares of Riot common stock. CONSTELLATION BRANDS, INC. The total transaction value as of the purchase based on Riot's last closing price of $48.37 was approximately $651 million. Whinstone is based in Rockdale, Texas on a 100-acre site that hosts Bitcoin mining customers in three buildings totaling 190,000 square feet. An

China's bitcoin mining is threatening its climate change targets, study says

  Technicians make repairs to bitcoin mining machines at a mining facility operated by Bitmain in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017. Qilai Shen | Bloomberg | Getty Images China could end up exceeding its emissions reduction targets as a result of carbon-intensive bitcoin mining, according to a study published this week. Some 75% of the world's bitcoin mining is done in China, where there is cheap electricity and relatively easy access to manufacturers who make specialized hardware, according to the study. As a result, the nation's bitcoin carbon footprint is as big as one of its ten largest cities, the paper claims. Unlike most forms of currency — issued by a single entity like a central bank — bitcoin is based on a decentralized network and needs to be "mined." This takes place when bitcoin transactions, recorded on a public ledger called the blockchain, are "verified" by miners. These miners run purpose-built computers to solve com

Bitcoin Mining Co. Riot Bets $651M On Hosting Facility Owner

  Law360 (April 8, 2021, 9:48 PM EDT) -- Bitcoin mining business Riot Blockchain said Thursday that it's agreed to purchase a Bitcoin hosting facility operator from German rival Northern Data in a roughly $651 million deal directed by Sidley Austin and Sullivan & Cromwell. Riot Blockchain Inc., working with Sidley Austin LLP, said in a news release it would shell out $80 million in cash and 11.8 million of its own shares to purchase Whinstone US Inc. from Sullivan & Cromwell LLP client Northern Data AG to own the self-acclaimed largest Bitcoin mining facility in North America. The transaction is worth about $651 million based on Riot's April 7...