coin returned Dogecoin (DOGE) To the fore, having gained value 10% during the few days of October, when there is still a lot of speculation, about whether the company Tesla Inc. (NASDAQ): (TSLA) Affiliate Elon Musk Someday, you will accept DOGE COIN as a means of payment.
And that's after a very bold tweet by the crypto YouTuber Matt Wallace , who expects you to Tesla accept Dogecoin DOGE, After I released Robinhood Markets its new wallet.
As the CEO of the major cinema chain suggested AMC Entertainment Holdings listed on the New York Stock Exchange under the symbol (NYSE: AMC)، Adam Aron, it will add Dogecoin DOGE As a payment option.
It is worth mentioning that Aron Aron He tweeted later, praising Musk mask For liking a poll DOGECOIN DOGE which he did. While any major adoptions are caused by increasing popularity DOGECOIN DOGE, thanks to the efforts of the metallurgists DOGECOIN DOGE eminent ones like Hello Pal International Inc. (CSE: HP) (OTC: HLLPF). which was the first listed company, mainly exposed to Dogecoin ( DOGE ), in addition to mining machine makers themselves, the likes of Ebang International Holdings Inc. (NASDAQ: EBON).
has become Hello Pal International Inc. (CSE: HP) (OTC HLLPF), back in May, and officially, the first listed company with primary exposure to Dogecoin, providing users of its live streaming platform, access to 12500 mining rig Dogecoin/Litecoin DOGE / LTC, with a bulk hash rate of 6.25 TH/s. (refer to TH/s to me total hash rate Total Hash Rate, which is the estimated number per second, which the network performs in the last 24 hour).
By last August, the company had set a record of 3 Millions of Canadian dollars in monthly revenue. Despite increased price volatility in September, along with the announcement that Chinese officials were expelling cryptocurrency from China, it appears that Hello Pal and its strategic partner Shanghai Yitang (which helps manage the company's cryptocurrency mining operations) They had the foresight, to safely adjust operations outside the country.
On his part, the founder and chairman of the board of directors said: Hello Pal، KL Wong:
“We have been very fortunate to help Shanghai Yitang Us, in navigating the current rapidly changing cryptocurrency environment in China
Although there may be some delay compared to our initial expectations, we do not anticipate any major hurdles in implementing our master plans, in terms of crypto mining, and its integration into our international social platform.”
There was a lot of volatility in the spot prices of cryptocurrencies in September prior to the move, which led to a slight drop in cryptocurrency yields. Despite the fluctuations, it has been reported Hello Pal Recently, she is still checking + 2.7 C$1 million in revenue for the month of September 2021, With 68% of its gross margins attributable to crypto mining.
like he said KL Wong Again, when the company entered the market DOGECOIN DOGE:
"Referred to Dogecoin Often in the name of people's currency, it is quickly accepted and approved internationally
We expect gains for the user base and live streaming services from the integration Dogecoin.”
And with continued efforts Hello Pal In moving more and more mining rigs out of China, the company expects cryptocurrency mining operations to reach full capacity again, sometime in the next two to three months.
And again, when acquired Hello Pal On the first mining operations through the share 51% in a Crypto Pal Technology, the purchase price was dependent on Dogecoin price 0.055 US dollars, which was worth 5 almost double at 0.2655 US dollars, as of 5 October 2021.
Wonj Wong:
“Through the acquisition of Crypto Pal At the lowest price, we can focus our strong cash position to implement our vision for Hello Pal Group Hello Pal of complementary applications, as well as the implementation of strategic acquisitions.
and owns Hello Pal Also, in addition to crypto mining capabilities, a thriving live streaming platform, which has seen growth throughout the year, both inside and outside of China. As for live broadcasts, the company has seen an increase of 30% in September revenue, from regions outside of China, particularly the Middle East and Southeast Asia operations, whose performance continues to improve.
We refer here to another entity for cryptocurrency mining, which was affected by the Chinese ban, which is Ebang International Holdings Inc. (NASDAQ: EBON), which most recently reported total net revenue from the first six months of 2021 In the amount of 18.30 million US dollars, which is an increase of 65.69% compared to the same period of 11.04 million dollars in the same period last year 2020.
while made Ebang A name for it as a slide design company, for what is known ASIC mining machines Designed to produce high performance yields from Bitcoin (BTC).
The company announced in February 2021, about its plans to launch a mining business Litecoin (LTC) And DOGECOIN DOGE.
On the other hand, he said Dong Hu, Chairman and CEO of the company Ebang:
“We will develop mining Litecoin LTC and Dogecoin Based on our Bitcoin mining business, business development will further enhance our related business, which is focused on cryptocurrency and increase our revenue.
We also believe that this step will speed up the company's transformation, from a hardware-only manufacturer, to a company blockchain Diversified and integrated, with comprehensive participation in the blockchain industry blockchain “
Speaking about the latest financial reports, he added:
“The company plans to develop a fintech business FinTech vigorously, in order to achieve long-term stable growth,
With steadily conducting research and development, as well as sales business for mining machines of Bitcoin and other cryptocurrencies, the likes of Litecoin and Dogecoin “.
We mention here another company that had apparently diverted some of its attention from Bitcoin BTC to me DOGECOIN DOGE, which is a company Tesla Inc. (NASDAQ: TSLA)، As evidenced by the sudden transformation of the CEO Elon Musk earlier this year. Where was the criticism Musk previous about Bitcoin BTC related to the environmental impact of its production. However, a company billionaire proposes Tesla, a radical idea of Dogecoin Through a tweet stating:
“It is very important that fees go down Dogecoin, to make things like buy a movie Tex tix possible.”
This tweet came only a day after his tweet Matt Wallace, which implicated the company Robinhood Markets, Inc. (NASDAQ: HOOD) in this transformation. Especially the official launch of Hafez Robin Hood Encrypted, which the company announced on its blog on the same day he tweeted Musk.
As the company said in the blog post:
“Your crypto is simple, secure, and affordable, all in one place and with wallets.
We make crypto transfers safe, secure and simple, whether you are a long-time cryptocurrency trader, or one of the millions of people transacting across the chain for the first time.”
Recall that tweet Musk, did not surreptitiously include a reference to movie tickets, which were taken by the CEO of AMC Entertainment Holdings AMC Entertainment Holdings, Inc.. (listed on the New York Stock Exchange under the symbol NYSE: AMC) Adam Aron, and managed.
where fired Aron Immediately, a poll on social media, on whether his theater chain should add DOGECOIN DOGE or not. The result of the poll, which reached more than 140. a thousand voices, 77% Acceptance of Delivery DOGECOIN DOGE.
Aronabout accept Dogecoin:
“Now we need to figure out how to do it, so stay tuned!”
0 Comments
Any Queries , You May Ask