Bitcoin Hits New Record-High After First US ETF Prompts Renewed Sentiment
The price of bitcoin soared to a new record on Wednesday, after the first US bitcoin ETF debuted on the New York Stock Exchange and fuelled a red-hot rally in the cryptocurrency. The world’s largest cryptocurrency hit a historic peak of more than $66,400 at per the time of writing, rising by more than 5% […]
Bitcoin Miners Have Displayed Unusual Trading Patterns Versus Bitcoin Itself
Bitcoin has doubled over the last three months, surpassing its April 2021 high, and shows no signs of slowing. The reasons for the move are generally considered to be a combination of several factors. These factors include: optimism about the approval and creation (now accomplished) of the Bitcoin ETF; the digital currency’s presumed ability to […]
PayPal Allegedly Mulling Pinterest Acquisition, Sending Social Media Company Soaring
Shares of Pinterest (NYSE: PINS) were sent soaring on Wednesday, after news broke that PayPal (NASDAQ: PYPL) may be looking to purchase the social media company in an effort to expand its growing e-commerce empire. According to Bloomberg, which cited people familiar with the matter, PayPal has recently reached out to Pinterest regarding a potential […]
Investment Management Software Enfusion Prices US$318.75 Million IPO
Accounts payable automation software Enfusion, Inc. (NYSE: ENFN) started publicly trading on the New York Stock Exchange today. The firm’s initial public offering is looking to raise US$318.75 million. The offering will be conducted through the issuance of 18.75 million Class A common shares selling at US$17.00 per share. Out of this, around 3.43 million […]
Ethereum Smart Contracts Are The Internet Of The Blockchain – The Daily Dive
Joining us on the Daily Dive today is frequent guest Frank Holmes, the Executive Chairman of Hive Blockchain Technologies (TSXV: HIVE). He sits down with our host Cassandra to take a deep dive into cryptocurrencies, covering topics including ethereum’s use cases, the change to proof of stake, and why it could be the next cryptocurrency […]
BMO Expects K92 Mining To Miss 2021 Production Guidance
On October 18th, K92 Mining Inc. (TSX: KNT) reported their third quarter production results. The company announced a record throughput of 87,621 tonnes processed, up 35% year over year. Quarterly production grew to 21,908 ounces of gold, 802,545 pounds of copper, and 19,736 ounces of silver. The firm additionally announced that the company approved the […]
NorZinc Reports US$299 Million After-Tax NPV For Prairie Creek Project
NorZinc Ltd. (TSX: NZC) shared today the results of its preliminary economic assessment for the 100%-owned Prairie Creek project in the Northwest Territories. The results highlighted US$299 million after-tax NPV8% at a base case price of US$1.20 per zinc pound, US$1.05 per lead pound, and US$24.00 per silver ounce. The assessment also incorporates the updated […]
Hive Blockchain Buys 6,500 Bitcoin Miners, Expects Hashrate To Increase By 585 PH/s
HIVE Blockchain Technologies Ltd. (TSXV: HIVE) announced today the purchase of 6,500 bitcoin miners. The installation of the additional machines is expected to increase the firm’s hashrate by 585 PH/s. “We are pleased to be building on our strategic alliances with leading ASIC manufacturer Canaan to achieve our goals and drive value for our shareholders, […]
Morgan Stanley: SpaceX Will Help Elon Musk Become World’s First Trillionaire
Elon Musk, whom currently assumes the role of the world’s richest person, could eventually become the first trillionaire in the world, thanks to his space exploration company SpaceX. According to Morgan Stanley analyst and Tesla bull Adam Jonas, Musk’s ambitious projects with SpaceX could be the key that propels the billionaire— who currently sits on […]
Hut 8 Purchases 12,000 Bitcoin Miners For US$58.7 Million, To Augment Hashrate By 1.17 EH/s
Hut 8 Mining Corp. (TSX: HUT) reported this morning its purchase of 12,000 bitcoin miners. The acquisition is slated to increase the firm’s hashrate by 1.17 EH/s. The purchase is reported to be worth US$58.7 million, approximately US$50 per terahash. Procured from Inchigle Technology Hong Kong, the new machines are composed of MicroBT M30S, M30S+, […]