Bitcoin Hits Record Highs, Presenting Companies With Opportunities in the Crypto Space

FN Media Group Presents Market Commentary

NEW YORK, March 19, 2021 /PRNewswire/ — Bitcoin’s worth reached historic highs in mid-March, hitting $61,000 on Saturday, March 14, its highest worth since the cryptocurrency launched in 2019. This rise may sign a giant few months to return not only for cryptocurrencies, however for corporations adopting crypto as a part of their enterprise fashions. As cryptocurrency turns into an more and more integral a part of the international enterprise, early adopting corporations in the crypto and crypto-mining areas like Hello Pal International (CSE:HP) (OTCQB:HLLPF), Future FinTech Group Inc. (NASDAQ:FTFT), Riot Blockchain Inc. (NASDAQ:RIOT), SOS Limited (NYSE:SOS), and Paypal Holdings Inc (NASDAQ:PYPL) may stand to achieve enormous rewards for his or her ahead pondering.

Hello Pal Expands Crypto Capabilities

Mobile expertise firm Hello Pal International (CSE:HP) (OTCQB:HLLPF) is one in every of the newest corporations to enter the crypto house, although the firm says that crypto was all the time a core a part of its improvement plan. Hello Pal operates a proprietary, user-friendly social networking and communication platform that lets customers join and talk with different customers throughout the world via textual content message, voice chat, and thru Hello Pal’s new full-featured reside streaming platform. Features on Hello Pal’s platform embody seamless real-time translation to assist customers overcome the language barrier, in addition to safe blockchain-enabled rewards for high quality reside streaming content material that may be became actual money.

On February 17, Hello Pal announced the firm’s newest step into the world of crypto with the launch of a brand new Crypto-Mining Initiative in partnership with Shanghai Yitang Data Technology. This initiative will give Hello Pal customers the capability to simply and conveniently take part in Bitcoin and Ethereum mining by buying crypto mining machines hosted and operated by Yitang, with the proceeds from these machines deposited into the consumer’s Hello Pal pockets.

“It has lengthy been our intention for cryptocurrency to play a central half on our platform, particularly given the borderless nature of cryptocurrency and our worldwide nature,” Hello Pal Founder and Chairman KL Wong stated in the firm’s launch. “The latest exercise and curiosity in cryptocurrency presents us with a singular alternative to introduce cryptocurrency to our customers, in addition to to carry cryptocurrency customers to our platform.”

On March 8, Hello Pal added to its partnership with Yitang, in addition to the firm’s crypto technique, with a letter of intent to accumulate an preliminary 15% curiosity in Yitang’s cryptocurrency mining facility, North-West China, to be devoted to mining Dogecoin and Litecoin, with an possibility to extend that curiosity to 35%, together with pursuits in further Dogecoin and Litecoin mining belongings. Once accomplished, the facility will be capable of home 90,000 mining rigs and have a capability of 70MW, which might make it one in every of the largest devoted Dogecoin/Litecoin mining services in the world.

“We are excited to broaden our crypto technique to additionally embody Dogecoin and Litecoin, which we consider will play an more and more essential position in the cryptocurrency world going ahead,” the firm’s March 8 launch defined. “The Hello Pal neighborhood, particularly what we envision for it to develop into, is a pure match with the Dogecoin/Litecoin neighborhood, and this deal permits us to develop into a key participant in it.”

Hello Pal not too long ago launched the firm’s monetary statements for February 2021, posting a 3rd straight month of income over $2,000,000. The firm achieved a complete of CA$2,309,889 for the month.

“What was alleged to have been a really weak month for us revenue-wise has confirmed to be a pleasant shock,” Wong stated in the firm’s launch. “As we begin to diversify away from the China reside streaming market, we’re more than happy to see our outcomes in the abroad reside streaming market proceed to develop, significantly in the broadening base of livestreamers broadcasting on Hello Pal.”

Crypto Companies See Huge Momentum

Recent months have seen a rush of corporations increasing their belongings in the crypto house. Blockchain-based e-commerce and blockchain tech companies firm Future FinTech Group Inc. (NASDAQ:FTFT) not too long ago signed an settlement to acquire a 60% equity interest in Sichuan Ticode Supply Chain Management, signaling that the firm is getting ready for important progress in the coming months.

Colorado-based Bitcoin mining firm Riot Blockchain Inc. (NASDAQ:RIOT) has spent a lot of the previous 12 months increasing its mining capabilities, buying greater than 2,000 cryptocurrency miners (Antminers) in February, bringing the firm’s Bitcoin miner fleet as much as 11,500 machines. The firm stated that it has additionally positioned orders for an extra 26,100 Antminers.

Blockchain-based information and advertising and marketing firm SOS Limited (NYSE:SOS) is a comparatively new participant in the crypto house, and is at present centered on constructing crypto mining infrastructure, in addition to creating safety administration companies for cryptocurrency homeowners. Recently, the firm introduced that it had acquired 5,000 further crypto mining rigs so as to add to its mining setup.

Leading cash dealing with and transaction firm Paypal Holdings Inc (NASDAQ:PYPL) has been one in every of the earliest adopters of cryptocurrency. For years, the firm has allowed its customers to ship and obtain funds utilizing digital currencies in lieu of typical currencies. The firm can be in the process of acquiring Tel Aviv-based digital asset options supplier, Curv, together with Curv’s cloud-based crypto safety companies.

The crypto house is in a interval of big progress and improvement, creating alternatives for corporations like Hello Pal International to broaden in new instructions that might profit their enterprise.

Click here to seek out out extra about Hello Pal International.

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