Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
FCA just aligning with the Treasury against bitcoin. Where were they protecting ordinary Brits when the housing bubble expanded beyond the means of many 2003-08? Or when wages were suppressed during the same period.
In reality they just want to throw everything in the country on the Sterling bonfire - mass immigration, houses, poor wages, tax credits, housing benefit - all to prop up their dying currency.
F.uckem. Buy bitcoin.
https://finance.yahoo.com/news/coinbase-acquires-routefire-beef-institutional-180413128.html
Zack Seward
Thu, January 7, 2021, 6:04 PM GMT·1 min read
Leading U.S. crypto exchange Coinbase has acquired trade execution startup Routefire. The terms of the deal were not disclosed.
“While we’ll no longer be supporting the Routefire platform, we are very excited to continue on our mission of bringing advanced trading infrastructure to the rapidly developing cryptocurrency markets by joining Coinbase,” Routefire wrote in a blog post Thursday, adding:
“We remain deeply committed to this ecosystem and are excited to help develop Coinbase’s market-leading suite of institutional products, which provides the true end-to-end solution that we believe best meets our customers’ needs.”
Related: Ignoring Outages, Coinbase Futures Set Record Highs as Bitcoin Rally Continues
A Coinbase spokesman confirmed the deal but declined to comment.
Additional resources in the trading infrastructure realm couldn’t come soon enough for the San Francisco-based crypto exchange. Coinbase has seen intermittent outages in recent days as bitcoin has surged to unprecedented highs currently near $40,000 per coin.
It is Coinbase’s first acquisition of the new year, albeit likely a small one. The website of the San Francisco-based Routefire shows a team of seven led by CEO Jason Victor.
In 2020, Coinbase’s acquisition of crypto prime broker Tagomi helped the exchange execute mega bitcoin buys for MicroStrategy, One River Digital and potentially others.
Read more: Coinbase Brokered MicroStrategy’s $425M Bitcoin Purchase, Exchange Says
Related: Coinbase, Kraken Back Up Again After Outages as Bitcoin Hits Another Record
As institutional interest in bitcoin as “digital gold” continues to ramp up, other firms have sought to strengthen their prime brokerage offerings. Prime brokerage refers to a suite of services tailored to the needs of deep-pocketed investors.
That's this week's evidence of Institutional Buying, folks.
People believe such rumours because we are in the phase of institutional buying. Microstrategy may have started a trend. It's not really about Taylor Wimpey or other UK dinosaur companies who will likely plod along just as before. It's more about much larger US tech companies who may convert their fiat treasuries to bitcoin.
Taylor Wimpey would be wise to convert their treasury to bitcoin, but being british they probably won't bother. They make plenty of money hoarding land and building sub standard slave boxes as it is.
Just to correct RookieInvestor: Mara and Riot are adding capacity THROUGHOUT 2021. I think you are confusing the notion of end of year total capacity with they are not adding until the end of the year.
Off the top of my head Mara will have 1.24EH by March, 3.5EH by Aug and possibly the full 10.34EH by end of year.
Riot will start expanding this month and continue until they have 3.8EH in October.
So for both companies a gradual staircase up in production.
It's a digital finance App that allows people (normies) to purchase and hold bitcoin. Users and volumes up strongly since last year but I am not seeing any baseline figures/
Percentages are great but I need to know specific numbers of users and total money on the app?
I guess people might think they were clever coming over here showing us all their valuation methods and concluding that Argo is very overvalued.
But none of these valuations seem to factor in US M2 money supply growth or indeed speculate as to where all this funny money will end up. It comes across as a bit Dunning-Kruger to me.
I didn't know it was increasing today, no.
I think in such a wacky market like this one has to allow the market to be the arbiter of value. So I take my lead from the golden boy, Mara, and his little brother, Riot. Then you apply penalties for not being on Nasdaq or having your operation in China, or dodgy debt agreements.
But on a very basic level you are either picking the fastest horse or the value horse, or both. How much does each PH cost in terms of MCAP?
The morons in the British Treasury hate bitcoin because they can't f.uck around with it like they can with Sterling.
I sent an email to my MP telling him to tell the Treasury to buy btc when it was 17k and use it to back worthless sterling. The response was that they didn't need need to as everything was under control. Meanwhile they will need to print an extra £1 trillion and counting to deal with COVID. I suggested £100bn. So that's significantly over £100bn they have cost the exchequer for not doing as I instructed them to do.
Morons.
Correction:
MARA are getting S19s only 70k for $170m = $2428 each for 84TH.
It's not a differentiator as they are not paying stupid for S19 Pros. Who would at that price?
So everyone's electricity costs are between $0.0275 and $0.035 per kWh, new machines are broadly similar hash and efficiencies. Very roughly this is just current hash and expected future hash versus current MCAP.