In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end of 2022, there was […]
Bitcoin News
Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines
Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines meet the growing demand for micro-investments among South Koreans. Available in sizes as small as 0.5 grams and priced at […]
Bitcoin News
The Machines Know: Bitcoin Primed For Epic Price Surge To $77,000
The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism.
Bitcoin Price Stagnant, But AI Model Foresees Bright Future
For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the ,000 mark. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. But a deep learning model developed by CryptoQuant, a leading blockchain analytics platform, has thrown a curveball into the mix.
The model, trained on a massive dataset of historical price movements and on-chain activity, predicts a significant price surge for Bitcoin in the coming weeks. According to the analysis, Bitcoin could break past the ,000 barrier within the next 30 days, marking a new all-time high (ATH).
Bullish Metrics Support AI’s Vision
While the AI’s prediction is certainly eye-catching, some analysts are taking a wait-and-see approach. They point to several bullish metrics that seem to align with the model’s forecast. The network-to-value (NVT) ratio, a metric used to gauge an asset’s relative valuation, has dipped significantly, suggesting Bitcoin might be undervalued.
Additionally, exchange reserves have been dropping, indicating a decrease in selling pressure. These factors, coupled with the model’s prediction, paint a potentially optimistic picture for Bitcoin’s immediate future.
However, a lurking shadow of uncertainty remains. The Fear and Greed Index, a measure of investor sentiment in the cryptocurrency market, currently sits firmly in “greed” territory. Historically, periods of extreme greed have often been followed by market corrections.
This raises concerns that the current price stagnation might not be a prelude to a surge, but rather a sign of an overheated market ripe for a pullback.
Stalemate Before Potential Breakout?
Technical analysis of Bitcoin’s daily chart reveals further complexities. The price has repeatedly failed to breach its 20-day Simple Moving Average (SMA), a key indicator of short-term momentum.
Both the Chaikin Money Flow (CMF) and Relative Strength Index (RSI) are hovering sideways, suggesting a lack of clear direction in the market. These indicators imply that investors might be in for a few more days of sluggish price movement before a potential breakout, either upwards or downwards, occurs.
A Calculated Gamble
The deep learning model’s prediction offers a glimmer of hope for Bitcoin bulls, but it’s crucial to remember that AI forecasts are not infallible. The confluence of bullish metrics certainly adds weight to the model’s argument, but the ever-present risk of a market correction fueled by greed cannot be ignored.
Featured image from Pixabay, chart from TradingView
Bitcoin Miner Riot Acquires 31,500 ‘Next Generation’ M60S Mining Machines Worth $97.4 Million
Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth .4 million by the end of July 2024. The addition of the new bitcoin mining machines is projected to increase the “self-mining” hashrate capacity of Riot’s Rockdale Facility to 15.1 EH/s. Replacement of Underperforming Miners […]
Bitcoin News
The GMT Token launches new “Greedy Machines” NFT series
The GMT token’s smart contract was launched in 2021 by GoMining. It is an international network of mining hotels that rents space for equipment and engages in BTC mining.
The company’s founders understand how difficult it is for an ordinary user to start mining cryptocurrency. Even large organisations cannot increase capacity with the increasing complexity of the Bitcoin network. GMT token allows everyone to earn rewards in BTC without any hassle.
What is GMT Token?
GMT mines Bitcoin on its equipment and distributes the reward among holders. Payments are conducted automatically via smart contracts, which have been audited by CertiK.
Major part of the funds from the token sale are used to increase the capacity of GMT. Once the new equipment is put into operation, the issuer allocates an additional batch of tokens. The native currency protocol contains mechanisms for fundamental growth and protection against inflation.
As the team commissions new equipment, they issue new tokens. The number of tokens issued is not proportional to the equipment capacity but is 20% fewer. That way, the team distributes the free power among all the tokens in circulation, ensuring that the power of each token grows, and so does the mining reward.
A Brief History of GMT
During the project’s existence, GMT increased the hash rate of the device park from 100,000 TH/s to 725,000 TH/s. In addition, it has expanded its presence geographically, having 9 data centres worldwide with the most energy-efficient (Antminer S19Pro) mining devices on board.
Although GMT is a young project, the team has already made significant progress and gained trust in the crypto sphere.
The company has accumulated a huge hash rate, which serves as security for the token.
In 2022, video cards and Asics became more affordable; however, the payback of farms is still high (12-18 months). Therefore, the GMT token has good prospects for growth, as it allows generating passive income here and now.
The ability to receive daily rewards from mining attracts investors. The GMT team is actively developing the project. GMT Whitepaper is published in 12 languages. The GMT token’s price, as well as mining reward, will likely grow in the future due to the efficient team’s work, popularisation of the project through all available channels, capacity building and BTC rate strengthening.
The Rise in Popularity of GMT
GMT is the 30th member of the Bitcoin Mining Council (BMC) along with well-known players in the field of Bitcoin mining such as Argo, BlockCap, Core Scientific, Hive, Hut8, Marathon Digitais Holdings, Riot, Galaxy Digital and twenty others.
The news was announced at the AIBC Summit on November 17 in Malta during a fireside chat between Michael Saylor, Founder, Chairman, and CEO of MicroStrategy, and Mike Costache, a blockchain investor, entrepreneur, and consultant.
GoMining aims to popularise digital currencies among regular users and make mining accessible to everyone. The company cooperates with celebrities and well-known bloggers. In November 2021, UFC champion Khabib Nurmagomedov became the GMT ambassador.
The project was reviewed by mainstream media outlets like Fxstreet, Entrepreneur, and tech-specialised outlets such as Tech Times.
Greedy Machines – Uniting NFTs and Mining is Possible
GMT Token is a project that makes it easier for anyone to engage in BTC mining. Recently, it launched its own NFT project, “The Greedy Machines”. The developers came up with a fundamentally new approach to creating an NFT collection and started an art project with a set of images of mining machines. That are not just pictures – each image is backed by computing power. The initial supply will consist of 1,000 unique collectible miners stored on the Ethereum blockchain.
GMT users can exchange GMT for NFT, an image supported by real computing power, meaning NFT owners will get mining rewards daily.
What is NFT Mining Farm?
Greedy Machines is a concept art game where participants build their virtual mining farms. As mentioned above, NFTs are backed by a certain amount of computing power which allows mining Bitcoin daily and receiving rewards. A user should attach the purchased NFTs to one’s account to start building a farm.
Farms include mining cells, mining shelves, immersion baths, containers, data centres, etc. Every user starts from a novice miner with one device and grows to the head of a mining empire, the owner of a mining power plant.
Greedy Machines also includes an attractive referral program. NFT holders invite their friends to the platform, and as a result, both participants and invited members receive promo codes for an extra reward in Bitcoin. In addition, equipment maintenance is also rewarded – the more the participant performs equipment maintenance, the more bonuses one receives.
Environmental Sustainability
The GMT Token project’s first priority is to provide sustainable energy. The project offers “green” miners to its users. Profit will go to organisations involved in spreading sustainable energy: like Global Giving and Everybody Solar.
One of the principles of NFT ownership is: the longer a user holds tokens, the more rewards one receives.
Final Thoughts
The Greedy Machines is a concept art game that builds a community of miners, facilitates BTC mining, and develops “green” energy. Those enjoying beautiful visual forms and artworks will definitely appreciate using the platform and GMT marketplace. The benefits users receive from the Greedy Machines collection include daily Bitcoin rewards for image ownership, unique images, and a part of the gaming infrastructure.
AGM Group Announces Order for 10,000 Cryptocurrency Mining Machines from Code Chain New Continent
Beijing, China, November 1, 2021 – AGM Group Holdings Inc (“AGMH” or ‘the Company) (NASDAQ: AGMH), an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment, announced today that it has won a purchase order (the “Order”) from Code Chain New Continent Limited (“Code Chain” or “CCNC”) (NASDAQ: CCNC), a vertically integrated cryptocurrency miner, for cryptocurrency mining machines.
Pursuant to the Order agreement, AGMH will deliver 10,000 units of KOI Miner 100 TH/S mining machines worth US million from the first quarter of 2022. This agreement also provides Code Chain with an option to purchase 10,000 additional mining machines.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented: “We are very pleased with this collaboration with Code Chain, and we believe is a fantastic step forward for both parties. This Order signifies that the quality of our mining equipment is recognized in the industry, and will further strengthen our ability to serve a growing and broad client base. Looking ahead, we will continue to enhance our expertise, technology, and talent to explore business opportunities while helping our clients to innovate and thrive in the evolving cryptocurrency market.”
Mr. Tingjun Yang, Chief Executive Officer of Code Chain, said, ” Our team is excited to partner with AGMH. The collaboration will provide us with a long-term and stable supply of mining equipment, marking a major milestone in our continued mining expansions. We are dedicated to advancing cryptocurrency technology and aim to further enrich our cryptocurrency portfolio since the Filecoin mining asset purchase in October and deployment of 10,000 Bitcoin mining machines in March 2021. Obtaining more mining machines and accelerating their deployment is of utmost importance to CCNC and is a commitment our entire team strives to achieve.”
About AGM Group Holdings Inc.
Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment. AGMH’s mission is to become one of the key participants and contributors in the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.
About Code Chain New Continent Limited
Code Chain New Continent Limited engages in the research, design, and development of electronic tokens that combine the five-W elements (when, where, who, why, what), geographic location via the Beidou satellite system, and identity information using Code Chain technology. The electronic tokens are unique, tradable, and inheritable digital assets and cannot be tampered with. The electronic tokens are based on and stored in the Code Chain system and can be used to monitor and document all kinds of consumer behaviors that involve code-scanning. The Company has recently diversified its business into Bitcoin mining and is committed to becoming a vertically integrated cryptocurrency miner.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
AGM Group Announces Significant Order for 25,000 Digital Currency Mining Machines
BEIJING, China, October 21, 2021, – AGM Group Holdings Inc. (“AGMH” or the “Company”) (Nasdaq: AGMH), an integrated technology company focused on providing fintech software services and producing high-performance hardware and computing equipment, today announced that it agreed to supply MinerVa Semiconductor Corp. (“MinerVa”) with 25,000 units of its 100 TH/S MinerVa MV7 ASIC
to build the MinerVa family of crypto miners. MinerVa is a premier high-performance ASIC design and manufacturing company and is the exclusive distributor of industrial-grade crypto miners to leading global large-scale mining companies.
MinerVa has influential relationships and resource networks within the Fintech and Blockchain ecosystems and provides top-tier end-to-end technology solutions to notable global blockchain players like Terawulf Inc. and TrueNorth Data Solutions. The Company will soon receive a US million deposit for the crypto miners. The remainder of the order value will be paid before delivery commences.
Mr. Steven Sim, Chief Financial Officer of AGMH, commented, “This order builds on the previous Nowlit order from October 13th and is a testament to the effectiveness of our new growth strategy as we continue to solidify our pioneering position in the market. The purchase enables us to increase our cashflow, which gives us a sound financial footing as we begin our plans for mass production in 2022. Leveraging our advanced hardware and computing equipment production capabilities, we believe we are well-positioned to capture the vast growth opportunities in this thriving industry.”
About AGM Group Holdings Inc.
Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment. AGMH’s mission is to become one of the key participants and contributors in the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
For more information, please contact:
At the Company:
Email: ir@agmprime.com
Investor Relations:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386
AGM Group Holdings Inc. Announces First Significant Order of 30,000 Digital Currency Mining Machines
BEIJING, China, October 13, 2021 – AGM Group Holdings Inc. (“AGMH” or the “Company”) (Nasdaq: AGMH), an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment, today announced that it has received a purchase order (the “Order”) from Nowlit Solutions Corp, a leading digital currency equipment supply chain services and consultancy company in North America with strong relationship and resource within the Fintech and Blockchain ecosystems having supplied leading global players including Lake Parime USA Inc. and StrongHold Digital Mining. Pursuant to the terms of the Order, the Company shall deliver 30,000 units of 100 TH/S ASIC crypto miners with an aggregate operating hash power of 3000 PH/S to Nowlit Solutions within the fourth quarter of 2021.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented, “We are excited to announce this first purchase order from Nowlit Solutions, which is another remarkable progress we had made since the announcement of the company’s new growth strategy and the strategic partnership with HighSharp Electronic Technology Co. The fulfillment of the order in the next couple of months will accelerate our completion of the target USD 100M of orders which will bring forward the formation of the Joint Venture with HighSharp and our goal to position the company as a cutting edge player in the next generation product research and development in the industry. We look forward to cooperating with more technology companies to seize the enormous business opportunities from this dynamic and fast-growing industry.”
Strategic Partnerships For Growth
AGM Group Holdings is committed to hitting the 0 million sales mark in the next six months. Nowlit, in addition to previously announced partnerships, will enable the company to reach 0 million in orders, a set minimum threshold following the partnership with HighSharp.
AGM, in partnership with Nowlit and HighSharp, will produce leading crypto miners for the industry with best-in-class performance. This will also enable AGM to expand its reach and tap into a broader miner market.
About AGM Group Holdings Inc.
Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment. AGMH’s mission is to become one of the key participants and contributors in the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates, and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines
n Following a surge in power consumption, Iranian authorities detected and seized 1,000 Bitcoin mining machinesn
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2,000 More US Grocery Stores Enable Bitcoin Buying at Coinstar Machines
You can now convert coins to bitcoin at more than 2,000 Coinstar kiosks in 19 different states.
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