Canadian #Blockchain Stocks Get a Bump from New Bullish Moves in #Bitcoin; (CSE: $UPCO.C), (TSXV: $HIVE.V), (TSXV: $BTL.V), (TSXV: $HUT.V)
Canadian
#Blockchain Stocks Get a Bump from New Bullish Moves in #Bitcoin; (CSE:
$UPCO.C), (TSXV: $HIVE.V), (TSXV: $BTL.V), (TSXV: $HUT.V)
Point Roberts WA, Delta BC
- Investorideas.com, a leader in blockchain content featuring news and investor
resources at Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com
and Blockchaininvestorideas.com
, reports on Canadian listed blockchain stocks
trading for the close of April 24th.
Blockchain stocks on Canadian and US
exchanges saw a dramatic increase in trading and most realized gains as the
sentiment for bitcoin saw a significant shift to bullish as the price hit a 40
day high and then broke through that barrier to see even further gains.
Although not all blockchain stocks are
miners or directly involved in cryptocurrencies, retail investor sentiment is
largely driven by crypto prices and in particular, bitcoin.
Upco
International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt:
U06) closed up at 0.30+0.02 (+7.14%) on the CSE
and had a day’s high of 0.37 on volume of 981,049 shares.
They announced yesterday that they had
contracted with Nexmo Inc., a subsidiary of Vonage Holdings Corporation, to
provide SMS Authentication services for its mobile platform. Nexmo is a leading
cloud Communications Platform as a Service ("CPaaS") provider,
offering APIs for SMS, voice, and phone verifications to facilitate
communications worldwide, and a range of other solutions to the mobile
communications sector.
SMS Authentication via Nexmo's Verify API,
represents a major enhancement to Upco's current mobile phone and payment
offerings, and an important foundational step in the staged delivery of a
full-featured international invoice / payment / exchange / transfer service
(outlined in Upco's February 2 News Release). The Nexmo solution will provide
two factor authentication of users who have downloaded Upco's application. The
phone number plus a token associating that number to the phone, will be
retained in Upco's blockchain database. Corollary benefits, additional to
authentication, will include spam and hack protection, and improved control over
phone number association (ensuring that calls reach the intended recipient).
With this as a foundation, Upco will
continue to enhance its control over authentication and identification to
benefit users, minimize risk, and ensure full regulatory compliance across
jurisdictions, as it expands its offerings in the FinTech sector. To this end,
Upco is actively exploring solutions for user identification and ID validation
to complement its expanding e-wallet offerings.
Mr. Andrea Pagani, CEO and President commented:
"We are continuing to develop our Upco App and have successfully
integrated leading-edge blockchain technologies into its E-wallet payment
system as a step towards the development of a full-featured international
invoice/payment/exchange/transfer system for hard currencies and
invoice/payment/transfer for cryptocurrencies."
$1.75+0.18 (+11.46 %) on volume of
4,302,570.
The Company announced in the beginning of April
the completion of the second phase of a multi-phase build-out of a large-scale
GPU-based mining complex in Sweden. The
Sweden Phase 2 operation commenced mining at the end of March 2018 and
increases the Company's run-rate energy consumption dedicated to cryptocurrency
mining by 6.8 megawatts ("MW") to 17.4 MW, an increase of 65%.
weden Phase 2 expands the first digital
currency mining facility jointly constructed by HIVE and Genesis Mining Ltd.
("Genesis"), the world's largest digital currency mining hashpower
provider. Sweden Phase 2 utilizes custom Genesis-designed A2 mining rigs that
are over 25% more efficient than prior generations. Going forward, HIVE is
fully financed to add a further 6.8 MW of GPU-based mining capacity in Sweden
in April 2018, and an additional 20.0 MW of ASIC-based mining capacity, capable
of mining Bitcoin and Bitcoin Cash, by September 2018, being total capacity of
44.2 MW.
"The completion of Sweden Phase 2
represents an important milestone for the Company as HIVE continues to grow
operations and execute its 2018 development pipeline. Despite recent crypto
market conditions, HIVE's current run-rate gross mining margins continue to be
very healthy, and our operating costs on the first phase of Sweden to date have
been materially lower than expected.
This growth in our assets and sustained profits combined with our excess
cash on hand has us well positioned to continue creating growth and shareholder
value" said Harry Pokrandt, CEO and Director of HIVE.
Full News: https://ca.finance.yahoo.com/news/hive-blockchain-increases-power-capacity-130000092.html
On April 23, 2018 they announced that
Interbit, its proprietary next generation blockchain platform, is available for
testing and feedback. Visitors are now able to access and download Interbit
from the link https://interbit.io/ and can launch their own multiple blockchain
solutions and provide feedback to BTL’s support team.
Interbit is a token free platform built to
specifically address the privacy and scalability shortcomings of existing
generations of blockchain platforms. Interbit has been developed in the popular
coding language of JavaScript, making it easy to use and build upon. The
platform provides a more secure environment for computing, ensures privacy of
data, and via its unique “chain joining” capability, multiple blockchains can
be used to build applications that are faster, scalable, and more resilient.
Recently listed (March 8th)
blockchain stock Hut 8 Mining Corp. (TSXV: HUT)
closed at 4.70+0.65 (+16.05%) on volume of 131.691.
Hut 8 is a cryptocurrency mining and
blockchain infrastructure company established through a partnership with the Bitfury
Group, a full-service blockchain technology company. Hut 8 Mining is led by a
team of industry experts to provide investors with exposure to Blockchain
processing infrastructure and technology along with underlying cryptocurrency
rewards and revenue from transaction fees.
For a list of global blockchain stocks at Investor Ideas visit:
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