Karmacoin Becomes First Cryptocurrency to Issue Shares
Karmacoin was established as a principle-based cryptocurrency that differs in its approach and aim by rewarding and promoting goodwill and positive behavior. And the coin is proving to be a success, recently raising $US 2,500 in 24 hours for the Children in Crisis organization that will go towards food and education for 400 orphans in Kenya. Now, Karmacoin has announced that it will incorporate and issue shares to the community. It has registered itself as the first ever cryptocurrency to launch shares - Karmashares LLC. Members will also have the chance to “do good” by giving a part of....
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Karma (formerly Karmacoin) is switching to X11. Karma (formerly Karmacoin) has been in decline recently, but that may change as developers announced a huge update today on the official Karma forums. This update will fundamentally alter Karma and differentiate it from Dogecoin and Reddcoin, its tipping competitors. Karma Switching to X11 Hashing Algorithm. The first major Karma announcement is a switch to the X11 hashing algorithm. Karma believes a switch from the current Scrypt algorithm to X11 will decentralize Karma mining, increase security, and promote energy efficiency. It is....
A U.S.-based mining firm has inked agreements with foreign investors to issue $13.9 million in shares in exchange for Bitcoin miners pushing 1 EH/s in hash power. The Nasdaq-listed Bitcoin (BTC) mining company Bit Digital has announced it will issue $13.9 million in shares in exchange for mining hardware.According to a Nov. 11 announcement, Bit Digital has inked asset-purchase agreements with non-U.S. investors to issue 4,344,711 shares valued at $3.20 each in exchange for Bitcoin miners boasting a combined hash power of 1,000 petahashes per second (PH/s), or 1 exahash (EH/s). Bit Digital....
The Kryptoin Ethereum ETF Trust plans to issue its common shares on the Chicago Board Options Exchange’s (Cboe) BZX, and will value them based on the CF Ether-Dollar U.S. settlement price. Delaware-based Kryptoin Investment Advisors has joined a score of other crypto ETF hopefuls by filing for an Ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).The crypto investment firm previously tried and failed to get a Bitcoin ETF greenlit back in 2019. The firm came back with another attempt this April, filing for a Bitcoin ETF that was set for a verdict by....
Online retailer Overstock.com has closed the first-ever Series A preferred funding round with shares sold on a blockchain. Of the total $10.9m raised from existing shareholders, about $1.9m was raised via shares traded on the tØ blockchian platform developed by Overstock.com subsidiary Medici. The Series A consisted of 126,565 shares sold on the tØ blockchain platform for $15.68. A separate Series B consisted of 569,333 shares sold using traditional technology. The company had originally set out to raise as much as $30m from selling 2m shares. Shares traded on the blockchain platform....
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestop shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number of cryptocurrency advocates believe the only true way to stick it to the bankers and Wall Street is to leverage digital assets like bitcoin. Reddit’s Favorite Stocks Begin to Feel Pain Last week, news.Bitcoin.com published numerous reports on the fiasco that started on the Reddit forum....