#CryptoCorner: ETH Surges While BTC Holds Around $8K, Binance Back Open for Trading, Cryptopia Goes Into Liquidation and eBay Denies Crypto Rumours

#CryptoCorner: ETH Surges While BTC Holds Around $8K, Binance Back Open for Trading, Cryptopia Goes Into Liquidation and eBay Denies Crypto Rumours

Point Roberts WA, Delta BC, May 15, 2019 -  Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and  the Genesis Exchange and Wallet  App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

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May 15 Crypto Corner

Stocks discussed: (NasdaqGS:EBAY) (NasdaqGS:AMTD)

Over the last day Bitcoin (BTC) has remained fairly stable, modestly rising and dipping below the $8000 trading price. At press time, the flagship cryptocurrency is trading for $7965 according to CoinMarketCap, which is about 1.3 percent lower than 24 hours ago. Altcoins, on the whole, have performed better, with the vast majority of the top 99 listed by market cap in the green this morning. Of particular note is Ether (ETH), which has grown some 11.3 percent in the past day, reaching a trading price of $230 and a market cap of $24 billion. The general growth of altcoins has reduced Bitcoin’s market dominance down to about 57 percent from yesterday’s near 60 percent.

Crypto exchange Binance has posted an update confirming that their system upgrade has completed and that trading activity has resumed as of 1:00 PM UTC. In addition to the upgrade, the exchange is holding a promotion until May 18 in which users with trading volumes over 1 BTC across any trading pairs will split in a prize pool of 50,000 Binance Coin (BNB).

New Zealand-based crypto exchange Cryptopia has named audit firm Grant Thornton as its liquidator, as the former goes into liquidation. Cryptopia had been the target of a security breach and major hack in January this year, and as the announcement reveals, liquidation was chosen as the best move forward. Grant Thornton’s David Ruscoe, who along with Russell Moore was appointed as liquidator for Cryptopia, commented:

“We realise Cryptopia’s customers will want to have this matter resolved as soon as possible. We will conduct a thorough investigation, working with several different stakeholders including management and shareholders, to find the solution that is in the best interests of customers and stakeholders. Given the complexities involved we expect the investigation to take months rather than weeks.”

Bloomberg reports that eBay (NasdaqGS:EBAY) has rejected rumours that it will accept cryptocurrencies as payment. A spokesperson for the company said on Monday, “Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy”. Additionally, TD Ameritrade (NasdaqGS:AMTD) denied rumours that it was piloting crypto trading on its platform. Sunayna Tuteja, head of digital assets at TD Ameritrade, told Bloomberg:

“Currently we’re not. We have what we call paperMoney, which is what our clients can try for trading strategies. It was a simulation. So there was no actual execution.”

Sam Mowers, Investorideas

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#Solar Stocks Gain Momentum – Solar Plays Key role in #Cannabis and Auto Manufacturing #Energy Savings (OTCQB: $SING) (OTC: $RGSE) (NASDAQ: $EVSI) (TSX: $NPI.TO)

#Solar Stocks Gain Momentum – Solar Plays Key role in #Cannabis and Auto Manufacturing #Energy Savings (OTCQB: $SING) (OTC: $RGSE) (NASDAQ: $EVSI) (TSX: $NPI.TO)

Point Roberts WA, Delta BC – May 15, 2019 - Investorideas.com, one of the first investor news resources covering solar stocks releases a sector snapshot featuring SinglePoint Inc. (OTCQB:SING), Walmart, RGS Energy, Envision Solar and Northland Power discussing the rise of solar energy as large-scale industries from cannabis to car manufacturers look to utilize cleantech to offset high energy costs.

This growing importance of solar was discussed in a recent article from Solar Industry Mag. C2 Energy Capital LLC has recently executed 46 power purchase agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states.

Read this in full at https://www.investorideas.com/news/2019/renewable-energy/05152Solar-Cannabis-AutoManufacturing.asp

“These agreements represent a tangible commitment by Walmart (NYSE: WMT)  to achieve a goal of having 50% of its operations powered by renewable energy by 2025. The solar installations will produce more than 65,000,000 kWh of renewable energy annually, enough to power nearly 5,500 homes. The projects are expected to supply approximately 10%-60% of each store’s overall electricity use.”

“Solar is a vital component of Walmart’s expanding renewable energy portfolio,” says Mark Vanderhelm, Walmart’s vice president of energy. “Walmart plans to tirelessly pursue renewable energy projects that are right for our customers, our business and the environment. These planned projects with C2 Energy Capital are moving us in the right direction toward our renewable energy goals.”

SinglePoint Inc. (OTCQB:SING) recently announced the successful completion of the Asset Purchase Agreement with Direct Solar and AI Live Transfers dated February 22, 2019. Direct Solar is the largest acquisition to date for SinglePoint and instantly puts the company squarely into the renewable energy market. According to Hexa Research the solar market is expected to reach 20.09 Billion USD by 2025. Direct Solar provides a Lendingtree/Rocket Mortgage way for customers to assess and purchase solar. This model allows for the company to scale quickly and efficiently throughout the United States and globally.

“This acquisition will securely place SinglePoint on a new path towards growth, revenue and overall profitability. We believe Direct Solar has the people and the ability to scale beyond initial projections and truly make an impact on SinglePoint’s goal of getting a NASDAQ or NYSE. We believe, in the following 12 months from the date of the acquisition, revenues will be in the multiple millions along with profitability. This acquisition is a new opportunity and puts SinglePoint on a whole new trajectory path,” states Greg Lambrecht, CEO of SinglePoint.

Video Introducing Direct Solar – https://www.youtube.com/watch?v=jl0u8eZpUrI&t=1s

Recently in an article posted by CleanTechnica, CEO Abigail Ross-Hopper went on to comment, “The rapid growth in the solar industry has completely reshaped the energy conversation in this country,” said Abigail Ross-Hopper, SEIA president and CEO. “This $17 billion industry is on track to double again in five years, and we believe that the 2020s will be the decade that solar becomes the dominant new form of energy generation.”

Direct Solar has seen tremendous growth over the past year which aligns well with the industry overall. In Q4 2018, the US solar market installed 4.2 GWdc of solar PV, a 139% increase from Q3 2018 and a 4% increase from Q4 2017. This is attributed to environmental awareness and the overall cost of solar becoming affordable for customers.

Solar is a massive opportunity both locally and globally. Locally, the concept of community solar panel systems is gaining popularity in the US and globally the market is expected to reach 100 gigawatts.

Above and beyond residential solar, SinglePoint has been in discussions and contact with companies that are interested in utilizing solar to increase power efficiencies for their cannabis cultivation. SinglePoint believe there is a major opportunity to marry cannabis and solar to help decrease costs and the overall energy intensive indoor cultivation of cannabis.

A recent article in Forbes discussed, in honour of Earth Day, the many sustainability questions regarding cannabis cultivation, with the two largest factors continuing to be energy consumption and waste production-two issues many cannabis companies are beginning to look into addressing as the industry attempts to reach scale.

In the article: “Theories abound on how to make cannabis production more sustainable. Independent farmers believe that the “marijuana Monsantos” that are muscling in are only going to make things perpetually more detrimental for the environment and the instability of the planet in the years to come. The lack of sustainability, vast amounts of water and electricity necessary for cultivation is the elephant in the room of any smoke session.”

Cannabis, though an obvious partner with solar, looks to be the rule not the exception as a recent article in CBS discussed how as crude energy prices continue to rise, and the price of renewable energy sources like solar and wind become more efficient and cost effective, solar looks poised to have a strong year in 2019.  As SinglePoint Inc. has positioned itself in both the cannabis and solar sectors through acquisitions, it is betting on the synergies to pay off.

RGS Energy (OTC: RGSE), the exclusive worldwide manufacturer of the visually stunning POWERHOUSE™ Solar Shingle System, announced that it has completed the previously announced $3.3 million registered offering of (A) 15,938,280 “Primary Units,” each consisting of one share of Class A common stock, par value $0.0001, or “Common Stock,” and a Series R Warrant to purchase one share of Common Stock, and (B) 1,430,141 “Alternative Units,” each consisting of one prepaid Series S Warrant to purchase one share of Common Stock and a Series R Warrant to purchase one share of Common Stock. The investors paid $0.19 for each Primary Unit and $0.18 for each Alternative Unit at closing, for aggregate gross proceeds of approximately $3.3 million.

“You may recall that we mentioned during the third quarter conference call that because we started our POWERHOUSE™ business from scratch, the first few quarters would be bumpy until we could achieve an equilibrium between our demand and supply,” said Dennis Lacey, RGS Energy’s CEO. “Our commercial launch coincided with the historically slow season for solar system sales in the first quarter, so it has been challenging. However, we have over 250 local roofers in our system, recently won ‘Best Energy Efficient Product’ award for POWERHOUSE™ at NAHB IBS, and expect to do better as we enter the historically busy season for solar system sales. Our less than expected start to 2019 made it necessary for us to raise additional capital. We appreciate the support of our shareholders.”

After RGS Energy pays the placement agent fees and estimated offering expenses, RGS Energy expects to receive net proceeds of approximately $2.9 million.

Envision Solar International, Inc., (NASDAQGM: EVSI), a leading producer of unique and sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, announced that the County of San Diego Operations Center featured the EV ARC™ portable, solar-powered EV charging solution at its Earth Day Outreach event.

The County of San Diego created a strong operations strategy to reduce greenhouse gas emissions produced by transportation in 2015. Its goal to explore replacing its fleet with alternative fuel vehicles and deploying charging infrastructure has been met with the adoption of electric fleet vehicles and purchase of the EV ARC™ product. Not only will it provide the County’s fleet with 100 percent clean power, but the unit will also contribute to its goals of reducing their grid-tied energy usage and utilizing renewable energy. The EV ARC™ product is entirely solar-powered and grid-independent, meaning that the County will never receive a utility bill from charging their Evs. Featuring EV ARC™ at the Operations Center’s Earth Day Outreach event showcased the County’s commitment to investing in clean energy and the importance of transitioning from gas-powered vehicles in San Diego County.

Northland Power Inc. (TSX: NPI) announced that a final investment decision has been reached on its La Lucha solar project in the State of Durango, Mexico. Northland owns 100% of the 130 megawatts solar project which will have a total capital cost of approximately CAD $190 million.

Recent Mexican energy reforms have resulted in strong market fundamentals and created bilateral power generation and marketing opportunities, backed by growing industrial demand for power and renewable attributes. La Lucha will advance to construction while Northland’s experienced development team in Mexico continues to negotiate bilateral power contracts with a range of local commercial and industrial offtakers in the market.

“The robust fundamentals of Mexico’s power markets give us the confidence to build La Lucha as our first attractive investment opportunity in the country,” said Javier Chavarria, Managing Director, Development for Latin America. “There is significant interest within the Mexican industrial sector to meet some of their energy needs through contracts linked to renewable power facilities like La Lucha.”  

“Today’s decision represents an exciting step in the evolution of Northland’s generation business with our first project focused on the commercial and industrial customer segment,” noted Mike Crawley, President and CEO of Northland. “La Lucha is the first investment opportunity to come out of our regional development offices located in Toronto, Houston, London, Seoul and soon, Tokyo. These offices are designed to put knowledgeable, local and experienced development teams on the ground in our identified growth markets. This also represents our first step towards moving closer to the end customer in select markets to drive more accretive growth.”

This article is the first in a two part series featuring SinglePoint Inc., to be followed up with a podcast interview with management that will dive deeper into the Company’s recent acquisitions in the solar and cannabis industries. 

For investors following solar and renewable energy stocks visit the Investorideas.com stock directory. Learn more about investing in renewable energy at

 www.renewableenergysstocks.com

For investors following cannabis stocks, Investor Ideas has also created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, and ASX Marijuana/Hemp Stocks

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this article featuring OTCQB:SING is a paid for service on Investorideas.com ( two part series : three thousand five hundred)   

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#Bitcoin Bounce Breathes Life Back into the #Crypto Sector: (OTCQB: $INTV) (NASDAQ: $MARA) (NASDAQ: $RIOT) (OTC: $GBTC)

#Bitcoin Bounce Breathes Life Back into the #Crypto Sector: (OTCQB: $INTV) (NASDAQ: $MARA) (NASDAQ: $RIOT) (OTC: $GBTC)

Point Roberts, WA and Delta, BC - May 15, 2019 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering blockchain and cryptocurrency issues sector snapshot looking at recent news and developments in the cryptocurrency sector.

As Bitcoin and other cryptocurrencies regain stability and enter a bullish phase, many crypto related companies are focusing heavily on lower mining costs and capitalizing on this renewed interest. Bitcoin prices are entering territory not seen in some time, breaking $7500 and doubling in price since mid-December.

Read this in full at https://www.investorideas.com/news/2019/crypto-corner/05151BitcoinBounce.asp

The Crypto Corner reported yesterday, Monday, May 13^th, “This rally was accompanied by a record high in trading volume for Bitcoin set on Sunday, May 12. Blockfyre founder Jonathan Habicht tweeted:

$29 Billion in $BTC volume was traded today. The previous high of $25.5 billion was set on Jan 8, 2018.”

After experiencing historic growth (growing from a $7 billion market cap in January 2016 to a more than $600 billion market cap by late 2017), the cryptocurrency market has entered into a bear phase. Recovery has been strong in recent months, with Bitcoin's value increasing nearly 70% from December 2018 to May 2019, and growing Institutional interest, a low cost of mining equipment and ROI are key factors for investments at these levels.

Integrated Ventures Inc. (OTCQB: INTV), a company that engages in digital currency mining operations through manufacturing equipment; selling mining rigs, as well as developing blockchain software, recently announced the signing of a Hosting and Marketing Agreement with PetaWatt Properties, LLC. As a result, the previously contemplated transaction to acquire Erie Power, LLC has been terminated, (1) due to a need for significant capital requirements to re-start the plant and build out mining infrastructure, (2) up to a 6 month timeline for launch of mining operations, (3) a need for a significant dilution due to the recent stock pricing weakness and (4) the company's ability to secure a similar deal, in terms of power cost, without any additional investment.

On May 7, 2019, Integrated Ventures signed a three-year Agreement with PetaWatt Properties, LLC, which will allow Integrated Ventures to consolidate and streamline all mining operations (NC, PA and NJ) into one location, to eliminate the Company's lease obligations and payroll expenses and to lower its power costs by over 50%, thus greatly enhancing mining profitability and long-term viability.

In addition, Integrated Ventures intends to market PW's services to diversify its business by offering hosting and pool services via a la carte packages to third-party miners and market participants.

The company has formulated and plans to execute a 6 step plan, designed to position INTV for the next bull cycle:

1. Operational Restructuring. To streamline and improve profitability of current operations, the company is switching from warehouse mining to third party hosting model, based on monthly flat fee and resulting in elimination of all major expenses such monthly lease, payroll, etc. All mining equipment (775+ rigs) is scheduled to be connected by May 30^th.
2. Securing Competitive Electricity Rates. By partnering with PetaWatt, Integrated Ventures will secure access to a lowest power pricing structure.
3. Generating Cash Flow via Hosting & Mining Revenue Share Services. Integrated Ventures intends to generate significant revenue through reselling of hosting and revenue share services.
4. Locking-In Record Low Hosting Rate. Newly secured Integrated Ventures' access to the most competitive power cost, will allow the company to utilize and market one of the most competitive hosting rates in the industry, thus driving profitability and demand for long-term hosting contracts.
5. Implementing All-In-One "Plug-and-Mine" Mining Solution. Integrated Ventures will offer clients an access to best hosting and pool rates for ASIC and GPU miners, creating a "We Work" -style turn-key mining option for miners seeking a fast market entry combined with a cost effective hosting and pool space.
6. Purchasing Discounted Mining Rigs from Secondary Markets. Integrated Ventures will keep costs low by purchasing equipment on the secondary market, a strategy that was not possible when the market was in its infancy.

Integrated Ventures will have reliable long-term access to inexpensive electricity through its three-year agreement with PetaWatt. Access to the low cost power is the key that will allow Integrated Ventures to mine far more profitably than most of its North American competitors and provide hosting services at the market's most competitive price point.

Marathon Patent Group, Inc. (NASDAQ:MARA) recently announced its operating results for the three months ended March 31, 2019, as published in its Form 10-Q filed today with the Securities and Exchange Commission.

Some of the key operating Results for the Quarter Ended March 31, 2019 were revenues of $230,694 during the three months ended March 31, 2019 compared to $239,967 during the three months ended March 31, 2018, operating loss improved to $984,909 (inclusive of non-cash expenses) for the quarter ended March 31, 2019 compared to an operating loss of $1.8 million (inclusive of non-cash expenses) quarter ended March 31, 2018, and the company had approximately $2 million of cash and cash equivalents.

Merrick Okamoto, Chief Executive Officer, stated, “We’re pleased to show significant financial improvement on a year over year basis including significant reductions in our operating costs, While recent improvements in the price of Bitcoin is clearly beneficial to our ongoing mining operations and should benefit our financial performance in our Q2, we continue to seek potential acquisition opportunities that we deem to offer the best opportunity for appreciation for our shareholders.”

Riot Blockchain, Inc. (NASDAQ: RIOT) also announced the filing of its March 31, 2019 Quarterly Report on Form 10-Q, which can be viewed on the Company's website or at SEC.gov.

Some of the highlights extracted from the March 31, 2019 quarterly consolidated financial statements were generating approximately $1.4 million in revenue on the production of 329.52 Bitcoins, 356 Bitcoin Cash, and 1,422.5 Litecoins for the quarter, a gross margin which was roughly breakeven at (4)% before depreciation and amortization despite an average Bitcoin price of $3,799 for the 2019 quarter, and a net loss of approximately $13.5 million or $0.94 per share compared to a net loss of $16.4 million or $1.35 per share in the quarter ended March 31, 2018.

Riot's fully-owned hashing power was approximately 101 Petahash as of March 31, 2019; which ranks the company among the largest publicly-listed miners of Bitcoin and the operation continues to be fully deployed with 24/7 real-time monitoring of status and profitability.

Grayscale Investments, LLC (OTC: GBTC), a global leader in digital currency asset management, recently released its 2019 Q1 Grayscale Digital Asset Investment Report, a comprehensive report that highlights investment activity and performance across the Grayscale family of products during the first three months of the year.

During the first quarter of 2019, Grayscale raised $42.7 million into its single-asset and diversified investment products, marking a 42% increase in quarter-over-quarter product inflows, with 73% of capital raised coming from institutional investors.

In conjunction with performance of the broader digital asset market, Q1 2019 marked the first positive quarterly performance for six of the ten Grayscale investment vehicles, including Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund, since the end of 2017.*

Grayscale's investment products are available to institutional and accredited individual investors through their respective private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC),** Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC). Grayscale’s diversified investment vehicle, Grayscale Digital Large Cap Fund™, provides exposure to the top digital currencies by market capitalization.

With continued quarterly financials showing an increase in capital and a decrease in losses, as well as continued crypto-currency stability, interest is growing in this sector. Companies making headways in lowering energy costs and increasing efficiencies hope to capitalize on this next phase of the crypto bull market.

Get the Crypto Corner and a directory of blockchain and crypto stocks at Investorideas.com 

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