The Future of Bitcoin Is Still Bright! ESG Mining Aligns with Growing Wallet Market
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - June 28, 2021) - Investorideas.com, a leading investor news resource covering cryptocurrency and technology stocks, releases a special report featuring Epazz Inc. (OTC: EPAZ), a provider of blockchain cryptocurrency mobile apps. Bitcoin's speculative future is being bolstered by more economic and environmental mining and energy solutions as well as growth in acceptance of crypto payments and crypto wallet providers.
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In a change of direction, Google has announced that it will let companies offering cryptocurrency wallets, run ads beginning in August 2021. Google is making the change, "in order to better match existing FinCEN regulations and requirements," a spokesperson said in a statement Wednesday.
The new crypto-friendly ad policy will apply globally to Google searches, as well as third-party sites that include YouTube, Gmail, and others.
Back in 2018, we saw Google follow social media giants Facebook and Twitter with their collective stance of banning crypto-related ads (although that was watered down pretty quickly), but a lot has changed in the last few years when it comes to cryptocurrency, as mentioned in a recent Bloomberg article.
Epazz Inc. (OTC: EPAZ), a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, recently announced that the Company has worked with CBD Hemp corporations to distribute its tokens to cryptocurrency investors. The Company has created custom software to automatically distribute the tokens. The Company has formed a subsidiary called CryObo, Inc. in order to market the software to other IEOs.
CryObo will continue to develop cryptocurrency software, which will help with managing IEOs' projects, crypto assets for large financial firms, and the accounting assets of crypto assets. The growth of Bitcoin and other cryptocurrencies is bringing new regulations for large financial service companies, which will need a smart solution to manage their growing portfolios.
Epazz spun off ZenaTech, Inc., which initially started as a Bitcoin wallet to manage payment solutions for hemp products. Now, it is a growing drone company with a payment solution and compliance software.
CryObo, Inc. will be enhancing the software to give companies that are interested in launching their IEO an easier way to create and modify their smart contracts without needing a programmer.
According to R.W. Carlos, Senior Economist and Researcher at De Meijer Independent Financial Services Advisory, "The global blockchain market size will grow exponentially in 2021. More businesses from many industries have expressed their increasing interest in using blockchain technology to advance their business processes. The COVID-19 pandemic has fast-tracked the digital transformation drive in many aspects, including distributed ledger or blockchain technology. Thus, the global blockchain market size will expand from US$3 billion in 2020 to US$39.7 billion by 2025 at an effective compound annual growth rate of 67.3%."
Shaun Passley, Ph.D., CEO and Chairman of Epazz, Inc., said in a comment, "CryObo is a software program which will be expanding into an enterprise-level cryptocurrency management solution. We believe there are great opportunities for cryptocurrency, and CryObo will take it to the next level."
"Crypto is a fast and growing industry full of new challenges and opportunities. We are developing multiple mobile apps to fill the growing demand for bitcoin and security tokens. Our software was used for the Greenheart CBD token," continued Passley.
Shares of Square rose about 2.7% on Dorsey's comments, published on Twitter, where he is also CEO. The stock closed up about 1% on Friday.
Bitcoin transactions have become a booming business for Square, which allows consumers to make purchases using the Cash App and store the currency digitally. Bitcoin revenue at the company climbed to $4.75 billion last year from $516.5 million in 2019.
Marathon Digital Holdings, Inc., one of the largest enterprise Bitcoin self-mining companies in North America, is set to join the Russell 2000® Index at the conclusion of the 2021 Russell indices' annual reconstitution, effective after the US stock markets open on June 28, 2021. The stock will also be automatically added to the appropriate growth and value indexes. The Company made note of its environmental position in the announcement.
"Being added to the Russell 2000® Index demonstrates the immense progress we have made transforming Marathon over the past year," said Fred Thiel, Marathon's CEO. "We expect our inclusion in the index to increase our visibility within the greater investment community, which will benefit both new and existing shareholders as we continue to build Marathon into one of the largest and most environmentally conscious Bitcoin miners in North America."
Smaller mining company Digihost Technology Inc., a growth-oriented blockchain technology company primarily focused on Bitcoin mining, is also onboard with going green.
The company announced that it is now a signatory to the Crypto Climate Accord (www.cryptoclimate.org). This private-industry led initiative, modeled on the Paris Climate Agreement, is a global pledge that aligns with the mission of the Company's recently adopted DigiGreen Initiative to: (1) achieving net-zero emissions from electricity consumption by 2030; and (2) developing standards, tools, and technologies to accelerate the adoption of, and verify progress towards, 100% renewably powered-blockchains. With the alignment of the DigiGreen Initiative and the Crypto Climate Accord, the Company aims to be an industry leader well into the future, contributing to the development of the tools and standards that will govern the production of blockchain in Canada, the United States, and beyond.
HIVE Blockchain Technologies Ltd. recently announced its expansion in Sweden with a 4.6 megawatt ("MW") facility in the town of Robertsfors and sourcing more green energy. This brings the total capacity in Sweden to more than 33 MW and 133 MW worldwide.
HIVE has installed itself in the historic 'Diamond Factory' in the small municipality of Robertsfors in the northern part of the country - consistent with its ESG strategy to invest in cold climate locations with access to stable, low-cost, green, and renewable energy sources. HIVE has already established itself on the premises and started production in the first hall while planning their data centre expansion with an option for more space as the need for additional capacity arises.
"We are excited to welcome a long-term and serious customer at the factory," said well-known entrepreneur and landlord, Mikael Bergmark at BrukEtt. He continues: "HIVE is a world-class company that is leading the way for the blockchain sector with its solid ESG strategy; investing only in areas with green and renewable energy, which is precisely what Robertsfors can offer. We are also pleased to see that several local electricity and construction companies are already working in the facility."
HIVE has been operating in Sweden since 2018 and Executive Chairman Frank Holmes believes that this time and commitment to the country has been worthwhile. "While some companies are struggling to find suitable locations for their entry or expansion in Sweden, HIVE is in the position of choosing among several new opportunities that have been presented to us. This is a testament to our reputation as a reliable operator," continued Holmes.
HIVE also announced that it has received approval from the Nasdaq Stock Market LLC to list its common shares on the Nasdaq's Capital Markets Exchange. HIVE will retain its listing on the TSX Venture Exchange. This followed news from two days earlier that another Canadian cryptocurrency miner was listed on the NASDAQ, Hut 8 Mining Corp.
As technology companies continue to embrace new wallet providers and crypto payments, there is a new opportunity for more environmental and energy efficient solutions to support crypto mining, and in the process, aid in solving global energy issues. Long-term bitcoin fans see this as the evolution of a new era for digital currency.
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