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I did that last post from my phone last night. Here was the critical paragraph: "Bitcoin miners, who also don’t have customers whose information they can report, could get hurt too if the bill passes with the existing language deeming them brokers. That’d be a blow to the sector, which has been keen to take more market share after the Chinese crackdown on mining that moved more than half of bitcoin’s mining operations out of China, much of it to the U.S."
Ultimately, it might be reasonable to think the government will want to introduce a toll booth the bitcoin process, including mining.
Like a power or telephone company, they will, no doubt, find a way to introduce the right tax in the exact amount which we can tolerate. Goldilocks: not to small and not too much, but just right.
Why won't they do to bitcoin mining what they didn't do to Amazon in making it free for many years, allowing amazon to grow into the monster it is today?
A toll booth it is likely to be.
Politics: How language in the infrastructure bill could roil the crypto markets
https://www.cnbc.com/2021/08/02/how-language-in-the-infrastructure-bill-could-roil-the-crypto-markets.html?__source=androidappshare
How language in the infrastructure bill could roil the crypto markets
PUBLISHED MON, AUG 2 20215:29 PM
UPDATED MON, AUG 2 20216:42 PM
The Senate’s infrastructure bill requires any “broker” to report customer information to the IRS, but it could expand the definition of a broker to include a vast amount of participants.
If passed with the existing language, the bill could deter innovators and investors from doing crypto business in the U.S. and force some companies to shut down or move offshore, crypto investors said.
Infrastructure bill would raise billions through crypto tax crackdown
The cryptocurrency industry is lobbying hard this week against language in the Senate’s bipartisan infrastructure bill proposal that could choke a vast amount of the crypto ecosystem.
Language in the bill would require crypto brokers to report customer information to the Internal Revenue Service. More importantly, over the weekend it broadened the definition of what’s considered a “broker” to anyone “responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person” which doesn’t exclude miners, software developers, stakers and other individuals in the crypto economy who don’t have customers.
“The language gives a lot of power to define what should be included in the reporting requirement,” Oppenheimer analyst Owen Lau. “It says any person who is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person – which can mean anything. If I transfer bitcoin for you, then it can mean I become a broker.”
As of Monday, the language hasn’t been finalized, and there’s still time to fix it before it is, or even through a later bill, according to Kristin Smith, executive director of the Blockchain Association, a crypto trade association that works to change public policy at the federal level.
Bitcoin fell more than 5% Monday, and ether lost 1.8%, according to Coin Metrics, with some of the uncertainty around the bill weighing on sentiment.
The biggest worry is that the language would “detract people from wanting to invest or participate in crypto networks in the United States,” Smith told CNBC.
Jake Chervinsky, a lawyer experienced in crypto-related securities litigation and government enforcement defense matters who is now general counsel at the decentralized finance (DeFi) firm Compound Labs, said it would also be detrimental to existing businesses that would be unable to comply.
“In practice, your only options would be to shut down or move offshore,” Chervinsky said. “That’s what this bill threatens to do to U.S. crypto companies by forcing them to report information to the IRS that they don’t have and can’t get.”
What does crypto have to do with infrastructure?
Because the infrastructure bill is so expensive, it has to include a huge number of “pay-fors” – or provisions in a bill that generate revenue for the government to offset new spending in other parts of the bill – to keep it revenue neutral and ultimately get support of Republicans in the Senate, Chervinsky explained.
“Crypto is less a target of the bill and more an innocent bystander caught in the crossfire of the broader politics surrounding it,” he said.
Lau said Congress is being “very smart” about it.
“If they want more money, they just opened the net to include more companies so their tax revenue can increase to more than the $28 billion they are looking for,” he said.
The language wouldn’t affect centralized exchanges like Coinbase, or other public companies where consumers can buy cryptocurrencies like Robinhood, Square and PayPal. As public companies they have clearly identified customers and work with them on reporting requirements due to the IRS.
Still, “they’re strongly opposed to the crypto pay-for provision because they know it could wreak havoc on the broader crypto markets, which would damage their business as well,” Chervinsky said.
Coinbase, for example, spent $80 million earlier this year to acquire Bison Trails to power its staking service. Much of the company’s revenue is based on trading fees but CEO Brian Armstrong has said he expects to diversify those revenue streams, which includes beefing up its staking offerings.
Smith said the goal of having reporting for centralized exchanges is a worthy one the Blockchain Association supports so long as it’s limited to the appropriate companies.
Bitcoin miners, who also don’t have customers whose information they can report, could get hurt too if the bill passes with the existing language deeming them brokers. That’d be a blow to the sector, which has been keen to take more market share after the Chinese crackdown on mining that moved more than half of bitcoin’s mining operations out of China, much of it to the U.S.
“We haven’t given up hope that this can get fixed yet,” Smith said Monday afternoon. “There’s definitely a pretty intense advocacy effort going on to get that changed.”
ChuckBits: "When it consistently trades over $5.00, maybe double that?"
I agree 100%. Once HIVE becomes a regular $10 stock, and assuuming their high trading volume continues, HIVE options and futures may allow it to break into being the highly liquid trading stock it is in Canada. HIVE may be able to become, on Nasdaq, the rare company who can develop international appreciation.
Please know I am not criticizing Mara or Riot. This is a Hive board and I think they deserve credit for their past years of survival battles. Much of how to measure success is still being figured out.
Will success be about raw power only or are there other variables?
If measurement is limited to only raw power, Hive may not have the goods, as does Mara with its seemingly unlimited funds.
Mara on Aug 2 announced buying another 30k miners. HIVEs recent announcement of 4k is awesome, but paltry in comparison.
Mara's CEO, Fred Thiel is Peters brother and Peter and Elon Musk were partners in making PayPal. Peter is also building a massive bitcoin facility of his own in Texas. In other words, the Thiels have a bottomless cup of bitcoin in their coffee.
But power is not the only variable where HIVE must compete.
Another variable is how will bitcoin appreciation be recognized? Will HODLed coins be seen as investment or collectible? Will it appreciate like interest? Or like a fine wine? I've seen an article which thought it might end up being the latter.
I imagine we will be seeing more about such things as time goes on.
As humorist Dave Barry used to say, "double-talkin' jibberish" would be a good name for a rock band, although I think it would be a better name for a bluegrass band.
Hobo, I get your point. We would all be better off if financial writers did what newspapers do: write for a 5th or 7th grade audience. But this would require clarity, something they are all allergic to doing.
I don't disagree with "The numbers do not make sense."
I read HIVE's press release saying they're in line for $200 annual rev. I also cut and pasted RIOT and MARA's copy from, I think, Yahoo. None of us can verity or even vouch for the accuracy of websites.
It would be nice if the SEC mandated all fin info be written identically, but we all know financial info is sometimes like reading through a glass window covered in sloppy mud.
One point I was making was that, perhaps incorrectly, I not long ago assumed HIVE might have trouble competing and so needed to focus on other avenues, like Defi and ESG, both of which they are doing. Also, HIVE has continued buying more miners seemingly in order to compete.
I still believe the fundamentals warrant maintaining investment in HIVE. We all need to decide for ourselves.
That's the right question: "Any predictions on when Hive will have options?"
HIVE's recent press release says their recent purchase of miners will put them in the territory of $200 million in annual revenue. That's an amazing number. A lifetime ago--perhaps 4 to 6 weeks--I wrote something to the effect that HIVE couldn't compete with the likes of RIOT and MARA. I'm wondering now if that was completely wrong. Perhaps HIVE has some understandings I am not understanding. We know HIVE makes a real profit, unlike RIOT and MARA. MARA, unlike RIOT, has a new type of none-loss. While MARA doesn't make a profit, they also haven't lost money. How? Because last year they bought 5000 bitcoin which has gone up in price and which counter-balances (Or is called masking?) their actual losses.
We will see how this plays out over time. At some point the real market untangles the knots to recognize HIVE actually making a profit, doing so with 100% environmental, social and governance (ESG); the official acronym meaning certified green bitcoin.
HIVE has bought miners to make more bitcoin, not simply bought bitcoin. Why? If MARA did it, why doesn't HIVE. HUT also did this, although not as many.
Still, weeks ago Bitcoin's price was much lower than now, but HIVE didn't buy more bitcoin. That seems significant.
I think we are watching world class competition in real time. I thought HIVE may have been a weak actor but HIVE is showing real tricks up its sleeves.
Compared to what? Here are some 2021 numbers from RIOT and MARA. And don't forget HIVE's prospective $200 million annual revenue.
RIOT's May 2021 report says: "May 17, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ... reported financial results as of and for the three-months ended March 31, 2021.
Increased mining revenue by 881.1% to $23.2 million for the three-month period ended March 31, 2021, as compared to $2.4 million for the same three-month period in 2020."
MARA's: "First Quarter 2021 Financial Results
Total revenue increased 1,445% to $9.2 million in the first quarter of 2021 from $592,000 in the first quarter of 2020.
Operating loss was $47.1 million in the first quarter of 2021 compared to an operating loss of $1.1 million in the first quarter of 2020. In the first quarter of 2021, operating expenses included $54 million of non-cash items, including $52.1 million in non-cash compensation and $662,000 impairment of cryptocurrencies. Excluding non-cash items, operating gain in the first quarter of 2021 was $6.9 million.
Net income in the first quarter of 2021 totaled $83.4 million, or $0.87 per diluted share, compared to net loss of $1.1 million or $(0.12) per diluted share in the first quarter of 2020. The improvement in net income was primarily attributable to a $132 million unrealized gain from the change in value of Marathon’s $150 million Bitcoin investment via a fund-of-one made in January 2021."
RIOT is not as much as HIVE a d MARA just seems confusing. I like HIVE because it's simpler to understand. Lean and clean.
DMG is figuring out how to survive by investing in new businesses to support its own premier product, Blockseer.
https://www.globenewswire.com/news-release/2021/07/29/2271120/0/en/DMG-Invests-US-2M-in-Bosonic-s-Crypto-Trading-Platform.html
July 29, 2021 07:00 ET| Source: DMG Blockchain Solutions Inc.
VANCOUVER, British Columbia, July 29, 2021 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces a US$2-million strategic investment in Bosonic Inc. (“Bosonic”) a leading Silicon Valley technology company based in San Francisco, California. Bosonic provides critical infrastructure eliminating counterparty credit and settlement risk in Digital Asset Markets. DMG’s investment in Bosonic is a strategic initiative targeted at institutional adoption of cryptocurrencies and is synergistic with its recent investment in Brane Capital.
DMG’s investment is laser focused on accelerating the development of its Blockseer Core+ strategy. The investment in, and resulting partnership with Bosonic, facilitates DMG’s access to Bosonic’s two primary technology infrastructures: (1) institutional exchange; (2) Layer-2 blockchain-powered clearing and settlement solutions designed to eliminate counterparty credit and settlement risk. Bosonic is currently the only non-custodial marketplace technology infrastructure for institutions and fiduciaries to transact from the safety of their own custodial accounts with zero counterparty credit and settlement risk.
“By completing this transaction, DMG’s new partnership will help the Company develop more financial service-related functionality for the Blockseer Ecosystem. This initiative represents significant potential monetization of existing Blockseer clients and the ability of DMG for the first time to aggressively enter the consumer market for Blockseer platforms,” noted Sheldon Bennett, DMG’s CEO.
The DMG investment is part of a larger strategic investment into Bosonic that eventually converts into Bosonic preferred shares. DMG receives these preferred shares based on a 25% discount to a pre-money valuation in Bosonic's next equity financing round or a US$200M market capitalization, whichever is lower. Mr. Bennett will serve a term on the Bosonic Board of Directors as part of the transaction.
DMG views this as a critical move in reaching its strategic goal to become truly vertically integrated. This investment offers DMG the possibility for Blockseer to add to its development road map the future ability to offer its customers access to a Blockseer based crypto exchange platform. Additionally, with the investment in Brane Capital and DMG’s agreements to onboard Brane’s technology to the Breeze and Freeze wallets, DMG will soon have a custody solution adding to Bosonic’s suite of services, thus providing incremental potential revenue to both partners.
DMG’s planned Petra release (in Beta testing) has also been negotiated as a future product available to all users of Bosonic via Blockseer’s exchange. Lastly, DMG has some unique “exchange add-ons” in development that, when proven and tested, will be released via Bosonic’s infrastructure, which is similar to Petra.
“We are extremely excited to partner with DMG, whose Blockseer platform will power the world’s first digital asset ecosystem consisting entirely of clean energy mined and OFAC clean crypto. We believe this will help accelerate adoption of cryptocurrencies by institutions and fiduciaries with its integrated mining, independent custody, and various trade execution facilities within a single environment. This initiative will set a new standard for ESG conscious investors interested in digital assets,” said Rosario Ingargiola, CEO and founder of Bosonic.
The wide-ranging benefits of the investment in Bosonic will facilitate an all-inclusive marketplace available to Blockseer that can command a premium on crypto pricing that will benefit users and drive participation in Blockseer’s platforms.
Allows crypto miners and users to make instant payments 24x7 (including Layer-2 crypto payment) on DMG’s Blockseer platforms.
Integrates with existing Blockseer platforms like Explorer, Walletscore, Pool and soon-to-be-released Breeze, Freeze and Petra.
Improves the Blockseer Ecosystem, allowing clients to conduct crypto-related activities using Blockseer platforms, including trading, lending, borrowing and hedging.
Expands Blockseer’s platform usage, attracting new crypto mining clients and institutional participants.
Unearths more cryptocurrency-related financial service opportunities.
Roth Capital advised Bosonic on the transaction and is active in the North American FinTech and Digital Assets space. Roth Capital Partners, LLC is a relationship-driven, full-service investment bank that provides strategic and financial advisory services to emerging growth companies.
DMG also announces that with the approval of DMG’s Board of Directors, it issued 2,478,00 stock options to managing directors and employees at an exercise price of $0.84 for a three-year term pursuant to the Company stock option plan.
About Bosonic
Founded in 2016, BOSONIC is a leading technology company based in San Francisco that provides the infrastructure to eliminate counterparty credit and settlement risk in Digital Asset markets. Our custodian-agnostic infrastructure, the BOSONIC Network™, provides member institutions with patent-pending solutions for the cryptographic digitization of collateral, cross-custodian trading and payments transactions, as well as cross-margining, trade netting, clearing, and settlement automation. With over 60 member institutions, ranging from custodians to exchanges, to the world's largest market-makers, and billions of US Dollars in transactions processed, the BOSONIC Network is already delivering infrastructure that's reshaping the future of Digital Asset markets.
About DMG Blockchain Solutions Inc.
DMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG’s sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG’s vertical integration.
July 28 2021 - 08:44AM. InvestorsHub
Fandom Sports Commences Application Process for Malta Gaming Service License and Critical Gaming Supply License
Vancouver, British Columbia, CANADA -- July 28, 2021 -- InvestorsHub NewsWire -- Fandom Sports Media Corp. (CSE: FDM) (OTCQB: FDMSF) (FRANKFURT: TQ43) ("Fandom Sports" or the "Company"), is pleased to announce that the Company has commenced applications towards approval from the Malta Gaming Authority ("MGA") for both a Gaming Service License and Critical Gaming Supply License.
Upon acceptance by the MGA, Fandom Sports will be able to offer a full spectrum of online gambling services in Europe covering Casino, Fixed Odds Betting, and Pool Betting. Upon receiving MGA approval, Fandom Sports will be joining a select group of global operators and gaming supply providers including PokerStars, Betfair, Unibet and FansUnite which operate their businesses within MGA regulations.
https://ih.advfn.com/stock-market/USOTC/fandom-sports-media-qb-FDMSF/stock-news/85689025/fandom-sports-commences-application-process-for-ma
Did you say Bozos?
In college, we spent valuable time listening to the comedy group, Firesign Theater, under the influence of college life. Their comedy album: "I Think We're All Bozos on This Bus" (1971), still brings a smile.
I think this is as good a commentary as any about crypto, bitcoin and the value of Hive Blockchain, a new tech company learning to swim under harsh conditions.
If you want a smile, this commentary about the future is as good as it gets:
YouTube:
Can we swear together? All as one--Kumbaya.
This POS [not proof of stake, but the original acronym] article pooped up and it's the biggest piece of crap I've ever seen. A blatantly absurd misreading from a script which came from somebody's assmind.
HIVE may not get credit now, but this at least tells us HIVE got it right by leading the environmental way. Will HIVE ever get credit or be forever treated like the ugly stepchild?
Make sure you laugh when you get to this line: "almost 17% ... of at least 50%." And the dwindling to 46% of the 65+%.
https://cryptopotato.com/new-data-reveals-bitcoin-mining-is-friendlier-to-the-environment/
New Data Reveals Bitcoin Mining is Now Friendlier to the Environment
Author: Martin Young Last Updated Jul 21, 2021 @ 04:56
New data has revealed that the environmental impact of Bitcoin and crypto mining is not as bad as it has been previously.
New data from Cambridge University shows that the geography of Bitcoin mining has drastically changed over the last six months in the wake of China’s massive crackdown.
CNBC has been gathering the opinions of industry experts to get their take on the great miner migration and how it has altered the environmental impact of the industry. They have come to the consensus that crypto mining is now environmentally friendlier than it was when China dominated global hash power.
The report noted that as many as half the world’s Bitcoin miners went dark in a matter of days. This was confirmed by the 65% slump in hash rate between May 13 and June 28.
Greener Bitcoin Mining
Beijing’s heavy-handed approach has forced miners to relocate and many of them have found friendlier jurisdictions such as Texas that have lower-cost renewable energy sources.
CEO of digital currency company Foundry, Mike Colyer, confirmed that it has been a big plus for Bitcoin.
According to the Cambridge data, almost 17% of all BTC mining is now conducted in North America and at least 50% of that uses renewable energy. China’s previously 65%+ share of the hash pie had dwindled to 46% according to the data released in April, and it has fallen a lot more since then.
The exodus from China also had an effect on a lot of older and less energy-efficient mining equipment that has now been shut down for good. Alex Brammer of Luxor Mining said “It took off, likely forever, a large amount of the most energy inefficient rigs,”
Renewable alternative energy sources such as hydropower, solar, wind, nuclear, and even gas flare energy are now being sought as burning fossil fuels gets phased out.
In a related development, the first-ever green mining exchange-traded fund (EFT) was launched on the New York Stock Exchange yesterday by Viridi. The investment product aims to attract mainstream and institutional investors with a focus on environmental, social, and governance (ESG) issues.
BTC Price Outlook
At the time of writing, Bitcoin had regained its psychological support zone at $30K and was trading up 3.2% on the day at $30,700 according to CoinGecko.
The world’s leading crypto asset has lost 10% over the past week and is now down 52% from its mid-April all-time high.
Second video today from Altcoin Daily. At time stamp 10:25 he begins speaking about the importance of bitcoin and crypto fees. Smartest conversation I've ever heard outside of the BSV group talking about the importance of fees.
News flash: mining fees are not rhe enemy. They're the reason the system works.
He asks: which ones are people paying to use? Those are the best quality. Fees point the way toward the highest quality.
Remember, facebook, google, etc, are all free, right? The best line in the Netflix documentary, The Social Dilemma, is this paraphrased statement: all internet companies, especially the big social media ones, pretended that they made money by selling ads for advertisers to show us. But the truth is that they sell us--our data--to the advertisers. We are not the customers. We are the product.
Maybe the cryptoverse will actually learn to separate the wheat from the chaff and become what is potentially promised: Internet Version 3.0.
Exactly. So, perhaps this was a way to "park" the shares while history crawls its way toward the future.
Here's interesting analysis by Altcoin Daily, YouTuber: He presents the Bearish case, then the Bullish case. At time stamp 8:40, he begins with this statement: "What the miners are doing." And for the next 45 seconds presents the miners perspective. It's worth hearing him saying the miners are accumulating.
Here's what I have trouble wrapping my head around.
From Yahoo:
Benzinga: "HIVE Blockchain (NASDAQ:HVBT) stock set a new 52-week low of $1.87 on Tuesday, moving down 4.54%."
Now it has bounced and is $2.18. Is it a bouncing ball or a dead cat?
"In fact, the less you have between the ears, the better the seat you get."
Exactly. And it's why 25 cents worth of popcorn goes for $7.50.
I poke fun at Billy the King because it's easy. Please understand I write about him with satire. Otherwise, following and posting on the LTBR site gets annoying because, as has been mentioned by others, it's so damn slow.
I poke fun because LTBR has been riding the edge of nuclear creativity for decades with little coverage. Billy gets the coverage. His name alone gets press. His name on a product gets noticed.
My comment regarding bitcoin was an article about three projects, all involving using nuclear energy for bitcoin mining. It's absurd. Somebody may do it, but it's stupid. Imagine the headline. Nuclear operator focusing on bitcoin skipped a step and caused a problem at the ACME plant, "just a few miles down the road from where you live."
Maybe electricity from a nuclear plant gets used for bitcoin mining. That's what such an article should say. But bad writers don't care. So I poke fun at Bill who, post-MSFT, seems to have joined the circus.
We live in a world which loves celebrity. So, let him. Let King BG go first. It may bring more people to understand that LTBR, now with actual Idaho lab outcomes, could change the way we see energy. Even today we learned, as you posted, a new grant will help "... advance the manufacturing process of Lightbridge Fuel."
Go Bill, pave the way.
"If only it weren't just a movie and the lemmings ... would actually stop following believing and kissing every ass they see"
But that's where the ticket sales happen.
Agreed. Blockchain, bitcoin and crypto are doing well. The main media NEEDS--because they're addicted and out of control--companies having crazed ideas like electric cars and nuclear submarines mining crypto in their spare time. These are true stories.
Main media has bipolar and needs maniacs to follow just to watch them burn.
HIVE is an old fuddy duddy, stable, profitable and boring. HIVE's job is to avoid burning up. Been there done that. In the late 1990s and early 2000s, the internet companies did the same. I bought a couple of them and they burned then died because they counted eyeballs, not dollars. Morons.
Turns out eyeballs is what Facebook sells to make their billions. F-that because it's our eyeballs. We need blockchain to allow us to sell our own data if we want to. And we need HIVE to track blockchain transactions, no matter how small or large, in total boredom and clarity, making sure no mistakes get made, so that we can be free to choose our own way. But the money transactions have to be perfect.
Thievery must be eliminated, or radically minimized and made functional and safe or else this all burns. That includes wallets/accounts, etc.
If people's accounts can be stolen from, as continually happens, bitcoin companies will die. Miners need to be part of chain safety as well as being nimble and creative.
HIVE needs to represent both stability and creativity. So, stable, boring, profitable HIVE still needs to keep its ear to the ground so that it can adapt quickly to new situations, as it has with environmental concerns. HiVE is a leader in ESG.
In the early days, HIVE sold its coins to run its business because it didn't know Bitcoin wouldn't go to zero. Now its HODLing, betting it will be worth more later. The risk of HODLing is less that it used to be. Let's hope it continues.
July 15, 2021. "ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Charter Communications, Inc. (NASDAQ: CHTR) today announced comprehensive, multi-year distribution agreements..."
https://www.businesswire.com/news/home/20210715005313/en/
NEW YORK & STAMFORD, Conn.--(BUSINESS WIRE)--ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Charter Communications, Inc. (NASDAQ: CHTR) today announced comprehensive, multi-year distribution agreements for the continued carriage of ViacomCBS’ leading portfolio of broadcast, entertainment, news and sports networks, in addition to licensing ViacomCBS’ suite of streaming services, including Paramount+, Pluto TV, BET+ and Noggin, for future distribution to Spectrum customers.
“We are pleased to have reached a new deal to deliver ViacomCBS’ expansive portfolio of popular brands and premium programming for Spectrum audiences to enjoy, plus greater choice in how they consume our content,” said Ray Hopkins, President, U.S. Network Distribution, ViacomCBS. “Charter is a valued partner, and we look forward to deepening our long-standing relationship.”
Added Tom Montemagno, Executive Vice President of Programming Acquisition for Charter: “These comprehensive agreements with ViacomCBS recognize the fast-changing pace of the subscription video business and provide us the flexibilities to adapt for the benefit of our customers while also furthering our strategic interests in the advanced advertising realm and aggregated video store concept with the addition of the streaming apps.”
ViacomCBS and Charter also will expand their existing collaboration around addressable media and advanced advertising.
Others terms of the agreements were not disclosed.
About ViacomCBS
ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions.
For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms.
VIAC-IR
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 31 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com.
LOL, agreed. Bill is a figurehead only, not a real king.
CNBC had an interesting segment on Bitcoin with Michael Saylor and the CNBC traders. Saylor, head of Microstrategy not only held his own but got respect from the group. At some point, the reality of all the heavyweights involved, now including many financial groups, has to escape from the shennanigans keeping the sector paralyzed. The miners are making tremendous money. HiVE actually makes a profit, and has for many quarters, unlike most of its peers. The world went through the looking glass and down looks up and up looks down and it's all designed to confuse us. What a crazy system we live in.
Makes sense. King Billy has to go first. Let's hope he doesn't f it up. Lightbridge comes later--maybe even next--able to fill the gap between the old nuke plants and the new. But if it works, LTBR will have a 20+ year run as new possibilities emerge. LTBR will allow nuclear energy to safely emerge and light China, the Middle East and the US, while pop culture solar which doesn't stand a chance will attract crowds but won't be long term feasible for decades, if at all.
LTBR may yet save the day as we transition to a world which, if we're lucky, can bring us back to the saving grace of engineering over political madness. As I've written here before, HALEU has been kept out of nearly all articles about energy and this industry. If LTBR works, HALEU becomes a recognized term as this new industry is introduced to regenerate the world. Go LTBR. The world may know of Billy but Seth Grae will show up in history books as the guy who help3d keep the fires burning.
Frank Holmes got to ring the bell today and got rewarded with a new record high for both the DOW and Nasdaq. That's a memory he's sure to talk about. Let's say it's a good sign for HIVE to be the ringer on such a day.
I think we can blame it on China as this stock has a lot of Chinese exposure. The world is twisting in the wind while online gaming is wrapped around endless crypto complexity.
Interesting article regarding Bitcoin, the idea of money and how money has always been regulated by the State.
BITCOIN: OUR ONLY HOPE TO SEPARATE MONEY FROM STATE; JACK KRIESEL, JUL 3, 2021
davidsan: the Shadow identified POW and POS. They're critical to understand. But it's so much messier than that.
If you don't know what POW and POS mean, grab a beer (or whatever), kick back and dive into the history of Ethereum, Bitcoin, blockchain, etc. There at least a million pages/sites. After you read more than you can stomach, hopefully you will end up with a basic knowledge of something of value. Welcome to the new technology called Blockchain.
Understand this: bitcoin, ethereum, cardano, etc., are all toys playing on top of the blockchain. The whole enterprise is about blockchain. The toys, however, is where people play with money. Good luck figuring out which is more important.
I like Hive because Frank Holmes understand that money is the toy, albeit an important toy. Ideally, in the end, the money goes to the best tech. Frank, IMHO, knows this deep down.
If this makes sense, great. If not, start reading. You can go back and read some of my long posts from the past year or so. If I would repeat them again I'd be forever banned from this site for it would bore the regulars to the point they'd rather ban me than listen to me anymore.
You can start anywhere, but here are two such places:
https://blockchain.news/news/ethereum-the-whole-forking-history#:~:text=The%20first%20planned%20Ethereum%20hard,network%20on%20May%2014%2C%202016.&text=A%20group%20of%20developers%20were,would%20leverage%20the%20Ethereum%20Network.
Investopedia is always good. Trustworthy, honest and no BS. But honestly, some of the best sites is the BS. The people who were there describe what happened. Read them all. It's fascinating.
https://www.investopedia.com/tech/history-bitcoin-hard-forks/
I'd start with the Satoshi white paper. Then search terms you may not know, like Hard Fork. Bitcoin hard-forked and it created competing forces, one of which got cancelled and the other lived. But the one which got cancelled is alive, well and, some say, thriving. So, learn this history because this game is still up for grabs. People might hate me for even writing this about the hated BSV. Too bad.
To understand what Eth is you must first understand what blockchain is. Eth is also the result of a fork in the chain.
Find the weird websites where people seem to speak in a language that sounds like they were there from the beginning. Such websites exist.
If you want a weird ride, go to YouTube and watch some of the early Chico Crypto, even up to yesterday. I've described him before as a savant who latched onto all things crypto. He's a bit obsessive, but he's honest. He calls it like he sees it. Watching him is like watching a waterfall on fire. It's fascinating and terrifying at the same time.
Most of all: enjoy the ride.
July 2 release. Hive provides current future outlook.
Well worth the read. These are the lines which caught my attention:
"Based on current ETH and BTC prices and difficulty in mining our revenue could be US$30 million per month when we have all our machines installed and mining."
"The Company is of the opinion that Ethereum 2.0 proof of stake will take at least another 2 years before Ethereum mining could become financially unattractive."
"HIVE understands we are in the early days, and this industry can change rapidly. Therefore we are positioning ourselves with considerable optionality."
"We continue to review green energy opportunities and have turned down financially attractive mining deals because they are not using green energy."
https://mailchi.mp/8162ab7fea5f/hive-announces-long-term-hpc-computing-strategy-beyond-ethereum-20?e=6edb7906ab
Terrific interview of DMG by Blonity.
Both RIOT and MARAs power comes from their having option chains. Beginning July 1 this could quickly become an interesting year.
Really interesting link about Germany beginning to allow investments in special funds, including crypto. Lets hope they've been following Blonity, the German YouTuber who made understandable a serious amount of data regarding crypto mining and miners.
Very cool. Thursday is the big day. Two questions.
1. HIVE's OTC volume has always been considered high and it has been known for being one of the most liquid OTC stocks. 2-3 million shares traded might be large on OTC, but would be small potatoes on Nasdaq. Will HIVE rise to the occasion, showing itself as a trading stock? It would be sweet if it maintained high liquidity there, too.
2. Options trading. Major Nasdaq stocks allow options trading, but this requires enough liquidity to allow an options market to exist. It would be awesome if HIVE became a serious options trading stock, attracting the action crowd. Liquid HIVE.
This company is beginning to move on its promises. How long before it brings in noticeable numbers of players who begin competing and generating income?
Fandom Sports Releases Wagering and Actionable Predictions Across Entire Esports Platform as "Peer Analysis" Report...cont
Source: InvestorsHub NewsWire
Fandom Sports Releases Wagering and Actionable Predictions Across Entire Esports Platform as "Peer Analysis" Report Illustrates Its Upside Potential
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June 23, 2021 - By Chris Thompson, Director of Equity Research, eResearch
eResearch | As Esports continues to grow and fans search for ways to interact with friends and fans in real-time as games are streaming, Fandom Sports Media Corp. (CSE: FDM | OTC: FDMSF | FSE: TQ43) progresses with an all-ages app and website to interact with the Esports community and reward users for engagement and activity.
The Fandom Sports platform encompasses free-to-play actionable predictions, a wagering marketplace (P2P), and now includes odds-line wagering.
Free-to-play is available to all users, while the wagering features are geofenced and limited to countries where permissible by Fandom Sports' Curacao iGaming Wagering License that was received in August 2020.
For investors searching for an Esports-focused public company, Fandom Sports provides a low CapEx option with near-term revenue catalysts.
Its recently published "Gaming Industry & Peer Analysis" report highlights the Esports industry and growth, and a peer comparison shows Fandom Sports' upside potential.
Esports Odds-line Wagering
Last week, Fandom Sports released odds-line wagering across the entire Fandom Sports platform that includes game titles such as Call of Duty, Counterstrike:GO, Dota 2, FIFA, King of Glory, League of Legends, Overwatch, Rainbow Six, Rocket League, StarCraft 2, StarCraft BroodWar, Valorant, Warcraft 3, and World of Warcraft.
With this feature, Fandom Sports utilizes its web-based machine learning betting platform to set the gambling odds and determine the favorites and underdogs. The fan can then bet on which player or team will win a game or tournament.
Fandom Sports' odds-line wagering adds another feature to its platform for fan engagement as wagerers will be able to place bets even if P2P betting is unavailable. The Company will now have another revenue stream by acting as the house on the other side of the wagers.
Fandom Sports' Robust Platform
Fandom Sports' platform is available on web browsers, Android and iOS devices, and multiple languages are now supported, including Chinese, English, French, German, Japanese, Russian, and Spanish.
The platform provides Esports fans with the ability to watch live streams and offers a diverse range of products, from wagering to peer interaction, including:
Odds-line and P2P wagering
All-ages free-to-play Prediction module with an easy to use, swipe-capable interface
Multicast streaming - watch live events while making predictions or wagers
Authenticated messaging and sharing of predictions or wagers on social media platforms such as Facebook, Google, Pinterest, Reddit, Telegram, Twitch, Twitter, Viber, WeChat, and WhatsApp
Esports news and social invitations for interaction, promotion, and rewards
Users will be rewarded with points, prizes, fancoins, and Non-Fungible Tokens ("NFTs").
Capturing Part of a Billion Dollar Market
In June, Fandom Sports released a "Gaming Industry Overview & Fandom Sports Peer Analysis" report.
In that report, market data provided by RnR Market Research pegged the global Esports gambling market at US$12.0 billion in 2020 and predicted it to reach US$20.5 billion by 2026, growing annually at 14.2%
The COVID-19 pandemic had a substantial positive impact on the video game industry as the pandemic forced governments to issue stay-at-home orders. Although limiting in-person Esports events, more people turned to video games and Esport online events.
Fandom Sports plans to capture this growing market by expanding its revenue streams and partnerships including advertising, product sponsorship, white-label, Esports leagues, betting commissions, and betting subscriptions.
As an example of a revenue stream, Fandom Sports and Elite Duels signed a mutual revenue sharing agreement under which Elite Duels will be promoting Fandom Sports wagering platform and Fandom Sports will drive traffic to Elite Duels' Esports fantasy platform.
FIGURE 1: Fandom Sports' Product & Opportunity Milestone
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Source: Company presentation (June 2021)
Hitting the Milestones for Product Rollout in 2021
Earlier this year, Fandom Sports launched the Free-to-Play Esports prediction platform at www.fandomeSports.gg. The platform initially allowed for real-time predictive capabilities from completed integrations with Counter Strike:GO, DOTA 2, and League of Legends but now has expanded integration to over 14 game titles.
The Company also entered into the Non-Fungible Token (NFT) space and minted its first "Fancoin" NFT in March.
In June, Fandom Sports deployed odd-line wagering, P2P wagering, and actionable predictions features after setting up its payment gateways and private cloud infrastructure with its own data center and first two remote nodes. A Far East data center is planned for the fourth quarter this year.
Public Comps – Room to Grow for Fandom Sports
Also conveyed in Fandom Sports' June industry report was a peer comparison with some publicly-traded competitors including Enthusiast Gaming (TSX: EGLX, NASDAQ-GS: EGLX), Esports Technologies (NASDAQ-GS: EBET), Esports Entertainment Group (NASDAQ: GMBL), ESE Entertainment (TSXV: ESE, OTCQB: ENTEF), Allied Esports Entertainment (NASDAQ: AESE), FansUnite Entertainment (CSE: FANS, OTCQB: FUNFF), and Real Luck Group (TSXV: LUCK, OTCQB: LUKEF).
As illustrated in Figure 2, Fandom Sports has a specific focus on Esports and iGaming wagering with a diverse revenue model but trades at a fraction of the market cap of its peers.
As the Fandom Sports platform is fully launched by the end of the year and revenue starts to be recorded, the stock could see a re-rating to be more in-line with its industry peers.
Fully Funded for 2021
Fandom Sports closed a C$5.1 million financing in April when it issued 21.1 million units at C$0.24 per unit that included a common share and one common share purchase warrant at an exercise price of C$0.36 for a period of 2 years.
With the recent financing, the Company is fully funded for 2021 and plans for the proceeds include enhancing the technology and business development with a focus on North America and Asia.
Fandom Sports currently trades around C$0.28, up almost 70% year-to-date, but still with a Market Cap of less than C$23 million.
Blonity is doing a long segment about HIVE on YouTube today:
This week's ethereum drama is due to Friday, June 25, being the largest ever options expiration day. 1.5 billion is on the line. I'm not an options guy, but this article is interesting.
"Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH options will expire. June’s expiry has over 638,000 ETH options contracts in its purview, accounting for 45% of the total open interest in these options."
https://cointelegraph.com/news/ethereum-faces-largest-ever-options-expiry-as-bears-appear-to-dominate
My advice to Frankie is to forget trying to manipulate the news cycle. Attempting to predict the future has always been historically sketchy. Just tell the truth and let it point the way. Remind us this is an infant profession just at the beginning stages of learning how to crawl, then walk. It hasn't even really learned how to talk yet.
None of us know if ethereum, or cardano, will survive the latest growth spurts to live outside the laboratory. Even Bitcoin hasn't had enough time to see what it's truly capable of. Bottom line: nobody knows anything because it's all too f-ing new.
Frank: you've done good being one of the few to actually turn a profit. Maintain that focus. After 6 or 8 quarters of profits on the books, the starry-eyed analysts will wipe the sparkles away and discover Hive as a company with a solid balance sheet and a wallet with no blood on its coins.
Ha ha. I got the same email: 6:24PM on a Friday afternoon. Maybe they're trying to keep the 24/7 traders from selling?