#CryptoCorner: HIVE (TSXV: $HIVE.V) Transitions GPUs to Blockbase and US Commissioner Endorses FedNow Central Bank Payments System


#CryptoCorner: HIVE (TSXV: $HIVE.V) Transitions GPUs to Blockbase and US Commissioner EndorsesFedNowCentral Bank Payments SystemPoint Roberts, WA, Delta BC November 8, 2019 -Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of theCrypto Corner podcastand commentary on what’s driving the cryptocurrency market .Listen to today’s Crypto Corner Podcast:https://www.investorideas.com/Audio/Podcasts/2019/110819-CryptoMarket.mp3Read this in full athttps://www.investorideas.com/news/2019/crypto-corner/11081HIVE-FedNow.aspGet the Crypto Corner Podcast on iTunesStocks discussed: (SGX:MU7) (TSXV:HIVE) (NasdaqGS:FB)The crypto market took a tumble overnight, dropping from a peak total market cap yesterday of $250 billion to a present market cap of $237 billion, according to data fromCoinMarketCap. Consequently, most of the top 100 cryptocurrencies listed by market cap are in the red today. Bitcoin (BTC) lost about five percent of its trading price in the last 24 hours, going from around $9,200 to a present price of $8,780.Singapore-based banking and finance giant DBS Bank (SGX:MU7) has partnered with the government of Singapore, along with commodity trading firm Trafigura Group, to launch a blockchain trade platform, according to a report fromCoinDesk. The platform, called ICC TradeFlow, will be open-source, and “will connect partners from different countries, reducing end-to-end document transit time from 45 days to just 20”. An excerpt from the CoinDesk report reads:The partners plan to add more enhancements to the platform as more countries join the new trade finance system. According to the release, the participants claim they can build a more trusted relationship between counterparties, adding more background information such as credit ratings on trade participants, vessels and couriers.HIVE Blockchain Technologies Ltd. (TSXV:HIVE) hascompletedthe transition of its GPU chips in Sweden to Blockbase Group from Genesis Mining in line with its strategic partnership with Blockbase signed in August. Frank Holmes, HIVE’s Interim Executive Chairman, explained:”We have successfully taken full control of our Ethereum-mining operations in Sweden with no significant shutdown of our equipment or facility. We have seen improvements in the efficiency and performance of our Swedish facility by leveraging Blockbase’s newer software. Additionally, we have identified opportunities to reduce our mining energy costs – the most significant po#CryptoCorner: HIVE (TSXV: $HIVE.V) Transitions GPUs to Blockbase and US Commissioner EndorsesFedNowCentral Bank Payments SystemPoint Roberts, WA, Delta BC November 8, 2019 -Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of theCrypto Corner podcastand commentary on what’s driving the cryptocurrency market .Listen to today’s Crypto Corner Podcast:https://www.investorideas.com/Audio/Podcasts/2019/110819-CryptoMarket.mp3Read this in full athttps://www.investorideas.com/news/2019/crypto-corner/11081HIVE-FedNow.aspGet the Crypto Corner Podcast on iTunesStocks discussed: (SGX:MU7) (TSXV:HIVE) (NasdaqGS:FB)The crypto market took a tumble overnight, dropping from a peak total market cap yesterday of $250 billion to a present market cap of $237 billion, according to data fromCoinMarketCap. Consequently, most of the top 100 cryptocurrencies listed by market cap are in the red today. Bitcoin (BTC) lost about five percent of its trading price in the last 24 hours, going from around $9,200 to a present price of $8,780.Singapore-based banking and finance giant DBS Bank (SGX:MU7) has partnered with the government of Singapore, along with commodity trading firm Trafigura Group, to launch a blockchain trade platform, according to a report fromCoinDesk. The platform, called ICC TradeFlow, will be open-source, and “will connect partners from different countries, reducing end-to-end document transit time from 45 days to just 20”. An excerpt from the CoinDesk report reads:The partners plan to add more enhancements to the platform as more countries join the new trade finance system. According to the release, the participants claim they can build a more trusted relationship between counterparties, adding more background information such as credit ratings on trade participants, vessels and couriers.HIVE Blockchain Technologies Ltd. (TSXV:HIVE) hascompletedthe transition of its GPU chips in Sweden to Blockbase Group from Genesis Mining in line with its strategic partnership with Blockbase signed in August. Frank Holmes, HIVE’s Interim Executive Chairman, explained:”We have successfully taken full control of our Ethereum-mining operations in Sweden with no significant shutdown of our equipment or facility. We have seen improvements in the efficiency and performance of our Swedish facility by leveraging Blockbase’s newer software. Additionally, we have identified opportunities to reduce our mining energy costs – the most significant poRead More

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