Optimism For Future Growth of Blockchain Continues Despite Crytocurrency's Tumultuous Market - Seite 2

6)    Investing in new mining equipment currently will likely not produce very good future returns.

Dr. Sivakumar Arumugam concluded, "The striking divergence between the global hash rate and Bitcoin prices suggests that mining is becoming increasingly unprofitable."

The review of publicly available data reveals that the global hash rate has been increasing at a steady exponential rate in recent months. As adjustments to the hash rate may take several more months to work themselves out, Dr. Arumugam added that "Purchasing new equipment now is unlikely to give a positive rate of return."

"I am grateful to have had the guidance of a strong research team in our decision-making process over the last couple of months," said Sothi Thillairajah, CEO of Block One Capital. "The conclusions of the study support our early decision to exit the Bitcoin mining business." Read this and more news for Block One Capital at:  http://www.marketnewsupdates.com/news/blok.html

In other industry news and developments:

Riot Blockchain Inc. (NASDAQ:RIOT) recently announced that its subsidiary RiotX Holdings Inc ("RiotX") has entered into a Software License and Services Agreement (the "Agreement") with goNumerical Ltd. (dba "Coinsquare") to provide a RiotX branded version of the Coinsquare platform with customized functional integrations and associated transaction processing services for use by RiotX. RiotX has obtained an exclusive license for the U.S. market through this partnership with Coinsquare. The Company intends to provide this offering for select customers at RiotX.com. RiotX has been investigating and pursuing the regulatory pathway for the launch of a cryptocurrency exchange in the United States since the start of the year. The Agreement with Coinsquare finalizes a key component in the ability to offer certain customers in the United States a proven platform that prides itself on security and customer experience. Coinsquare has built itself into a market leader in Canada since launching in 2015, and has successfully raised over CAD $50 million in the past twelve months with prominent investor participation.