London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million

London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. Based in London, Argo Blockchain operates at least 17,000 BTC mining machines at three sites in Quebec, Canada, leveraging the region’s cheap hydroelectricity. It listed on the LSE in August 2018, and until recently, mainly operated mining rigs…

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Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Hours

Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11.8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.’ Many believe the cause behind the higher price is due to the pending Bitcoin Halving expected to take place on or around May 12, 2020. Bitcoin Markets Jump Significantly in Value, $1K in a Day The overall market valuation today for all…

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Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm

The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from China’s Daqing Oil Field. The mining farm owner was arrested, as police found 54 ASIC miners stored in an underground bunker with dog kennels on top making it seem like a legitimate operation. Chinese Dog…

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66% of Europeans Feel Optimistic About Future of Bitcoin, Study Shows

Europeans are feeling more optimistic about the future of bitcoin. A recent study shows that more than two thirds of them believe cryptocurrency will remain in existence in 10 years time, with some convinced BTC will become a key part of the economy, both as a security and investment. Crypto exchange Bitflyer, which produced the study, said Wednesday Europeans are feeling more upbeat that digital financial assets will remain in use by 2030, perhaps awakened to the reality because of the stringent Covid-19 lockdowns, which forced services to go strictly…

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Drawbacks of Cryptocurrency Exchanges – How Non-Custodial Services Are the Solution

Cryptocurrency exchanges are online platforms where one can buy, sell, or trade cryptocurrencies. The aim of crypto exchanges is to connect buyers and sellers by creating a cycle of supply and demand in one place. Centralized vs Decentralized Exchanges However, almost every exchange is prone to hacking, has privacy issues, and users could end up losing their funds. Non-custodial exchange services look to overcome these shortcomings of cryptocurrency exchanges. Online cryptocurrency exchanges can be categorized into two types: centralized and decentralized. Centralized exchanges allow you to sign up with your…

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OPINION: Massive Bitcoin Adoption, Inflated Stock Market and Recent Rallies Resembling Pyramid Schemes.

financial hour glass

The Perfect Storm For Massive Bitcoin Adoption Bitcoin celebrated its 11th year on October 2019 and trades billions of dollars per day in financial institutions such as CME (Chicago Mercantile Exchange), BAKKT (owned by NYSE’s ICE) and Fidelity Investments. As the world braces for a global recession, Bitcoin may attract massive interest by main street investors in the coming weeks. Another Global Financial Crisis “In fact, we anticipate the worst economic fallout since the Great Depression”. Kristalina Georgieva Managing Director of International Monetary Fund (IMF) The world has essentially come…

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