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Tag Archives: Bitcoin

Bitcoin Mining Uses a Higher Mix of Sustainable Energy Than Any Major Country or Industry

On Thursday, HIVE Blockchain Technologies listed on Nasdaq (HVBT), providing U.S. investors access to Bitcoin and Ether mining. As many of you know, HIVE became the first crypto miner to be traded publicly when it debuted on the TSX Venture almost four years ago. Its uplisting to Nasdaq, the world’s premiere tech stock exchange, represents the culmination of months of hard work by our team. I want to thank shareholders for their loyalty and patience. That said, I believe the best is yet to...

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China’s Crackdown on Bitcoin Mining Is Good News for North American Crypto Miners

Bitcoin erased its 2021 gains this week as China ramped up its crackdown on mining of the cryptocurrency, a move that’s expected to help shift the industry’s center of gravity from Asia to North America. Meanwhile, the Bitcoin price formed a death cross on Monday, with the 50-day moving average trading below the 200-day moving average (MA). This technical pattern is often seen as a bearish sign of things to come, but that may not be the case with Bitcoin. Bitcoin death crosses have not...

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The Erosion Of The Dollar Continues…

A Pfennig For Your Thoughts May 26, 2021 *Currencies are sloth-like in their moves VS the dollar * Gold finally moves back above $1,900!  Good Day… And a Wonderful Wednesday to you! Thank you, thank you, thank you (in my best Gomer Pyle voice) for all the get well wishes sent to me this week… I didn’t mean to scare anyone with a Sunday Pfennig, just wanted to get the word out about no Monday Pfennig while I was still awake… I did lose about 2 bags of blood, which has made me very tired,...

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Big Investors Dump Bitcoin for Gold as Inflation Heats Up

One of the biggest reasons why people invest in assets like gold, Bitcoin and altcoins is because they act as hedges against bad government policy. Look at Venezuela. The beleaguered country’s currency, the bolivar, isn’t worth the paper it’s printed on due to draconian socialist policies. As such, an outsized percentage of Venezuelans rely on Bitcoin as a store of value and to help make ends meet. A less severe example—though no less impactful—is Canada. In case you haven’t heard, there’s a...

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China To Ban Cryptos?

A Pfennig For Your Thoughts May 19, 2021 * Currencies & metals drift on Tuesday * And start today in the red…  Good Day… And a Wonderful Wednesday to you…. This is the last Pfennig of this week, as tomorrow, bright and early I have to report to the hospital for a new set of scans… Cardinals got back on the winning side last night… I have one question for Cardinals fans… What would we be doing without Nolan Arenado this year? This guy is fun to watch play baseball folks… there’s...

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Elon Is Wrong About Bitcoin…

Elon Is Wrong About Bitcoin. Crypto Miners Are Key to Renewables’ Success   And just like that, Elon Musk has turned on Bitcoin. In a tweet on Wednesday, the self-proclaimed “Technoking of Tesla” said his company—which announced in February that it bought $1.5 billion in Bitcoin—would be suspending vehicle purchases using the cryptocurrency. Musk cited crypto miners’ “increasing” use of fossil fuels, particularly coal, “which has the worst emissions of any fuel.” The price of Bitcoin...

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Are Central Bank Digital Currencies the Future of Money?

Today we had the pleasure of participating in the (virtual) ringing of the NYSE closing bell to celebrate the six-year anniversary of the launch of our airlines ETF. It’s been an incredible journey, and we extend our gratitude to everyone who helped make it possible. Wheels up! In case you missed it, you can watch the replay of the bell ringing by visiting nyse.com/bell! Central Banks Have Been Net Sellers of Gold So Far this Year Some major changes could be coming soon to a central bank...

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Fun on Friday: Why Not Both?

The other day a friend of mine asked me, tacos or burritos?My response: why not both?I think saying that annoyed him. He wanted me to pick one. Just one doggone it!We are very much a “pick one” kind of society. Everybody expects you to take a side on everything. Food, sports, entertainment, investing — and especially politics. (My choice there is usually “none.”)Oh, and if you choose poorly, they will want to argue about it. A lot.I will grant you that there is a time and a place to...

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