The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://www.sec.gov/Archives/edgar/data/0001841675/000110465921107653/tm2115473-11_f1.htm
Bitfarms today announces Bitfarms’ application to list its common stock on the
@Nasdaq
Global Market® was approved by The Nasdaq Stock Market (“Nasdaq”) under the symbol “BITF”.
Twitter.
One to keep an eye on, it will be interesting to see how it goes.
The United Kingdom’s central bank, the Bank of England, or BoE, still maintains that it is unsure on a path forward regarding a central bank digital currency, although the entity is looking to hire at least seven CBDC-related job positions.
The job listings recently surfaced on the BoE’s job posting website. One such position searches for a “Stakeholder Analyst - Central Bank Digital Currency (CBDC).”
As per the site, the bank is also searching for a project analyst, a solution architect, a technology analyst, a senior manager, and a senior enterprise architect — all CBDC-related, as well as a senior CBDC policy analyst. The site posted the listings on Tuesday and Wednesday.
“Like many other central banks, the Bank of England is actively exploring whether it should develop and issue a Central Bank Digital Currency (CBDC),” said the page for the stakeholder analyst job listing. “No decision has yet been taken on whether or not a CBDC is needed in the UK, but it is an important topic for the Bank to understand.”
The posting mentioned a number of specifics on the job, as well as the BoE’s focus in terms of looking into a CBDC.
Reporting earlier this month showed Her Majesty’s Treasury, or HMT, and the BoE jointly working on CBDC-related research, unveiling a CBDC task force. CBDCs have been a hot topic over the past year or so, with central banks acting at varied speeds
https://cointelegraph.com/news/england-s-central-bank-moves-ahead-with-cbdc-with-7-job-postings
"I think Bitcoin is on an inevitable path to have the same market capitalization and then a higher one than gold. It’s how fast adoption is happening. Adoption is happening faster than I had predicted," Solomon was quoted as saying.
https://www.theblockcrypto.com/linked/101629/goldman-sachs-ceo-talks-bitcoin-and-cryptocurrency-during-earnings-call
I think PW is maintaining shareholder confidence by not saying anything. Imagine if he came out and said yes we have applied, with all the interest in this share, the price could skyrocket. Now imagine the application was unsuccessful and PW had to go back to shareholders and say, you know what guys, sorry but it was rejected. The share price would bomb. By saying nothing he is playing it safe for shareholders and imo that is the best way to play it and not look like a tool if things went pear shaped. Sometimes it's what you don't say, not what you do say.
Sells appear to have been 4/5 million last couple of days. Lets say 10% were being sold - that is 33 million shares - (prior to dilution). At this rate it would take a while to get through them at a guess.
Today: more sold than bought - I can see why it is going down, although it still went down when there were more buys than sells. Tomorrow is another day.
# Trades 3,282
Vol. Sold 2,800,747
Sold Value £6m
Vol. Bought 1,648,441
Bought Value £4m
Just been speaking to an IT friend who can often be found in the 'data centre'. He has heard of BTC but does nt really know much about it. Found it interesting, might see if he fancies buying some ARB, ha ha. Have a good weekend.
For those that don't like clicking on links:
It's been a while...
So we decided it's time for another Twitter Q&A Slightly smiling face
Drop your questions (within reason) below and CEO
@PeterGWall
will answer them in a video series next week.
Bonus points if you make us laugh.
As others have said, we are in the very early days of Crypto.
Apr 8, 2021 at 8:51 a.m. BST
Updated Apr 8, 2021 at 1:44 p.m. BST
State Street to Start Trading Crypto on Platform It’s Helping Build
State Street, the second-oldest bank in the U.S. with $3.1 trillion in assets under management, has signed up to use a new bank-grade trading platform for digital assets set to go live mid-year.
Announced Thursday, State Street’s Currenex trading technology arm is working with London-based Pure Digital, infrastructure provider to the foreign exchange trading world, to create an institution-focused digital currency trading platform.
The two companies said they plan to further explore the digital currency trading space.
“Currenex is thrilled to leverage our experience and expertise in the FX and digital asset trading marketplace to provide Pure Digital with robust technology and infrastructure for this exciting digital currency trading initiative,” David Newns, Global Head of Execution Services for State Street Global Markets, said in a statement.
Read more: Fireblocks Raises $133M to Serve More Megabanks With Crypto Custody
Asked if State Street would be using the platform to do its own crypto trading, Lauren Kiley, CEO of Pure Digital, told CoinDesk in an email, “That is the intention – State Street is one of the many banks that will be using this platform and we are looking at midway through 2021, although no date is set.” State Street subsequently confirmed it plans on using the platform.
Bank bull run
Institutions appear to be driving the current crypto bull run, a key difference from the retail-driven expansion of the space back in 2017. Big banks like BNY Mellon, Goldman Sachs and Morgan Stanley are now making moves, and eyes have been on State Street, as one of the biggest U.S. custody providers and trading operations, to see when/if it would move into crypto.
“The digital currency world needs to grow up and mature,” Campbell Adams, founder of Pure Digital, said in an interview, adding:
“It needs large balance financial institutions involved in the manufacturing process of price. The primary market doesn't really exist. There's a lot of disparate exchanges out there with different rules of engagement and systems. And this manifests itself in very fragmented market data.”
The plan is to transpose FX infrastructure to the crypto space via a bank-led consortium, and a platform that includes FX-industry standard APIs and best execution, Kiley said.
Thanks for the info.
Just come across the story on Coindesk:
https://www.coindesk.com/mining-hut-8-raise-500-million-canada
Apr 8, 2021 at 10:07 a.m. BST
Public Canadian crypto mining company Hut 8 is looking to raise C$500 million (US$396.6 million) in its latest securities offering.
According to a short form prospectus filed by the company on April 7, the offering is expected to be conducted on the Toronto Stock Exchange.
The securities are to be delivered in the form of common shares, debt securities, subscription receipts, warrants and convertible securities.
They will be offered together as a unit, or any combination thereof, having an initial offer price of up to $500,000,000, according to the prospectus.
Given the company had negative cash flow from operating activities for the year ended Dec. 31, 2020, Hut 8 said should it have negative cash flow in any future period, some of the proceeds from the offering could be used to fund the negative cash flow.
Last year the mining company sought C$7.5 million (US $5.6 million) to upgrade its fleet of BlockBox bitcoin miners. The company also announced $11.8 million in financing for 5,400 machines from MicroBT in January.
The post this morning mentioned that form 10 was their application. Form 10 was first filed 10th March:
It is proposed that this filing shall become effective (check appropriate box below):
X at some future date (check the appropriate box below)
The form filed 7th April:
It is proposed that this filing shall become effective (check appropriate box below):
A. ?
upon filing with the Commission, pursuant to Rule 467(a) (if in connection with an offering being made contemporaneously in the United States and Canada)
Just looking to try and understand this more, thanks for any input.