VANCOUVER, BC, June 10, 2021 /PRNewswire/ — USA News Group - According to Dan Schulman, President and CEO of PayPal, demand for cryptocurrency assets is surging beyond expectations, and he’s predicting a sharp decline in the use of cash. Fellow payment processors Mastercard Incorporated (NYSE:MA) are now embracing the future, and launching a crypto rewards card. But before any cryptocurrencies can facilitate a transaction, they need to be mined. For investors looking to get into crypto mining itself, they can approach through the equipment from manufacturers like NVIDIA Corporation (NASDAQ:NVDA), or innovative mining operations such as Argo Blockchain plc (OTC:ARBKF) and SOS Limited (NYSE:SOS), or even popular livestreaming platform Hello Pal International Inc. (CSE:HP) (OTC:HLLPF).
“Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” said Schulman in his interview with Time magazine.
It’s this kind of excitement that caused an unprecedented surge in traffic of over 1000% and temporary outage of the website of popular livestreaming platform Hello Pal International Inc. (CSE:HP) (OTC:HLLPF), almost immediately after the company announced its entry into the world of cryptocurrency mining—in particular for Dogecoin (DOGE) and Litecoin (LTE).
“The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on Dogecoin as well as on cryptocurrency in general,” said Hello Pal’s Founder and Chairman, KL Wong. “We’re ecstatic that our choice of cryptocurrencies to mine seems to have been validated especially by the recent incredible surge in market interest and activity of Dogecoin. As far as we are aware, upon completion of this transaction, we shall be the only publicly listed company with primary exposure to Dogecoin.”
Dogecoin (DOGE) recently surprised the market by breaking out from being simply a “meme currency” and surging 400% to a combined value worth $40 billion.
Thanks to a newly signed agreement, Hello Pal gained access to and additional 12,500 mining rigs dedicated to mining both DOGE and Litecoin (LTC). Now in combination with its strategic partners, Hello Pal has over 40,000 miners available to its users allowing them to own their own miner and start mining BTC, ETH, DOGE and LTC.
“We are excited to expand our crypto strategy to also include Dogecoin and Litecoin, which we believe will play an increasingly important role in the cryptocurrency world going forward,” added Wong. “The Hello Pal community, especially what we envision for it to become, is a natural fit with the Dogecoin/Litecoin community, and this deal allows us to become a key player in it.”
According its official website, Hello Pal offers users a chance to own or partly-own cryptocurrency mining rigs—thus giving a simple and painless turnkey entry into mining Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Litecoin (LTC).
Only recently back in February 2021 was a new chip was developed and announced to be capable of mining both Litecoin and Dogecoin simultaneously—allowing operations like Hello Pal’s to exist.
Now another innovation from NVIDIA Corporation (NASDAQ:NVDA) has the crypto mining community on the edge of its seat.
According to leaked tests, Nvidia’s CMP 40HX mining card is performing close to that of the company’s RTX 3060—a popular video card with gamers.
One reason miners are excited by these results is that the CMP 40HX’s performance roughly match the hash rates obtained with an Nvidia RTX 3060 when using a leaked driver that can bypass the company’s mining limiter.
Now the market is hoping this this will persuade miners to purchase more CMP 40HX cards which retail at around $699, instead of CMP 30HX cards that will retail for $599. The card manufacturers say they’ll make at least $150 million on orders of CMP cards placed during the first quarter of this year.
London-based Argo Blockchain plc (OTC:ARBKF) made headlines across the pond, when it agreed to a deal to construct a mining facility in Texas.
Set to be co-developed with mining facility designer Navier, the new facility will be located in Helios, Texas, and will support 200 megawatts of mining.
“Argo intends to build state-of-the-art mining infrastructure which will not only provide greater control over our operations but also meaningfully expands our mining capacity,” said Argo chief executive Peter Wall. “At this facility we believe we will have access to some of cheapest renewable energy worldwide.”
Chinese-based SOS Limited (NYSE:SOS) announced it too would be adding another 575 crypto mining rigs, as the company looks to rapidly expand its mining business.
“Although the cryptocurrency prices, such as BTC prices, might continue to fluctuate, we believe the big general trend for and cycle of cryptocurrencies are still upward,” said Yandai Wang, Chairman of SOS. “As institutional investors have been becoming one significant driving force behind cryptocurrencies, such as BTC and ETH, which will be utilized as a hedge against ongoing quantitative easing by sovereign currencies, therefore, we remain committed to be very confident about our long-term strategic investment in cryptocurrencies operation.”
Lastly, the fintech world appears to be embracing cryptocurrency for the long haul also, as Mastercard Incorporated (NYSE:MA) made a deal with popular crypto exchange Gemini to launch a crypto loyalty rewards program.
Beginning this summer, users of the card will receive up to 3% in bitcoin or other cryptocurrencies on their purchases, the companies said in a statement, with the digital currency deposited in the cardholder’s Gemini account.
“As consumers go about spending in various acceptance locations, now they get a chance to earn reward in the form of crypto,” said Raj Dhamodharan, Mastercard’s head of digital assets and blockchain products & partnerships.
Gemini has already launched a waitlist for those who wish to obtain the new credit card, which will be available in metal and have no annual fee.
For more info, please visit: https://usanewsgroup.com/2020/11/16/live-streaming-is-taking-the-market-by-storm.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Hello Pal International Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Hello Pal International Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Hello Pal International Inc. which were purchased in the open market (a market cross) directly from the engagement of our agreement with the company. MIQ will not buy or sell shares of Hello Pal International Inc. for a minimum of 72 hours of this post date (November 17, 2020), but reserve the right to buy and sell, and will buy and sell shares of Hello Pal International Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
U.S. Phone: +1 (954) 345-0611
SOURCE USA News Group