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 and Delta, BC - April 25, 2018 (Investorideas.com Newswire) 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.
BTL GROUP LTD. (TSX VENTURE: BTL) closed at $7.24+0.24 (+3.43 %) on volume of 84,840.
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.
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.
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