Bitfarms, a BTC mining company, first appeared on Nasdaq, and BTC application scenarios tend to be diversified.
Bitfarms (bitf), a BTC mining company, made its debut on NASDAQ on June 22. According to ZB Research Institute, BITF shares opened at US $4.04 and then climbed to a high of US $4.11. Affected by the price of bitcoin, the stock price dropped to US $3.90 as the lowest. By the end of the day, BITF closed at US $3.96. According to the statistics of ZB Research Institute, affected by the global cryptocurrency market, the stocks related to it all performed poorly. Mara fell by about 51% from the record high of $56.50 in early April. Before that, its stock changed hands for the last time at $27.83, while Hive Blockchain (HIVE) trading price was $2.38, down 57% from the record high of $5.50 in February, the price of Riot Blockchain (RIOT) was $31.57, down nearly 60% from February’s high of $77.90.
ZB Research Institute said that the impact of the cryptocurrency market on the stock prices of related enterprises will continue for a long time. Judging from the market performance in the morning of June 23, Beijing time, bitcoin’s short-term goal will still be to break through the $35000 barrier and then hit $40000. Compared with the market in the first quarter of 2021, the cryptocurrency market in the third quarter will still be on the rise.
On March 23 news, global capital giant Goldman Sachs began trading in JPMorgan’s blockchain based real-time repo network. According to ZB Research Institute, the real-time intraday repo transaction created by JPMorgan uses the blockchain application developed by JPMorgan in-house and is successfully conducted between its broker dealers and banking entities. The use of blockchain enables borrowers and lenders to perform short-term intra day repo transactions through real-time synchronous transaction settlement, thus creating a new way to obtain intra day liquidity. The mortgage and cash portion of the repo transaction will be settled using blockchain, and the cash portion will be in JPM coin.
Bakkt on Tuesday announced the launch of a debit card that allows customers to use cryptocurrency for online and in store consumption without converting cryptocurrency into legal tender, according to ZB Research Institute on the 23rd.
On June 23, it was reported that Jacob&Co, a manufacturer of luxury jewelry and watches, will open encrypted payments, allowing users to use Bitcoin, Ethereum and more cryptocurrencies to make payments.
According to information obtained by ZB Research Institute from British financial technology company Revolut, the company’s annual revenue in 2020 will reach 261 million pounds, a year-on-year increase of 57%. Among them, cryptocurrency related income was 38.7 million pounds, accounting for 14.82% of the total annual income. Revolut CEO NikStoronsky said that due to the impact of the new crown epidemic, the company will shift its focus to more potential cryptocurrency and securities trading in 2020.
ZB Research Institute believes that the development of global cryptocurrency application scenarios continues. With the gradual recognition of bitcoin and the legalization and legalization process promoted by some economies, the development of cryptocurrency application scenarios will be further accelerated. The performance of cryptocurrency market will affect the related listed companies, and then affect the capital flow. This will bring new wealth opportunities in the future period of currency price rises, and give a stronger impetus to the global cryptocurrency market. The resulting global cryptocurrency taxation and regulatory issues are inevitable.
On March 23, Facebook launched the social voice application “lLive Audio Rooms”, officially entering the hot voice chat market led by Clubhouse. In the voice chat room, the audience can send Facebook’s virtual currency “stars” to the creator. Facebook will not charge content creators until 2023. In addition to Facebook, twitter and discord, the messaging platform, have launched similar applications.
On June 23, it was reported that asset management giant VanEck had submitted a preliminary prospectus to launch a mutual fund called “bitcoin Strategy Fund” that invested in bitcoin futures. The fund invests in “certain” bitcoin futures through its subsidiary in the Caymans and is not affected by the spot price of bitcoin.