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Monday, March 16, 2020

#CryptoCorner: #Bitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 (TSX: $HUT.TO) Reveals Cost-Saving Measures Amid Market Chaos, Bakkt (NYSE: $ICE) Raises $300M in Series B Funding Round

#CryptoCorner: #Bitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 (TSX: $HUT.TO) Reveals Cost-Saving Measures Amid Market Chaos, Bakkt (NYSE: $ICE) Raises $300M in Series B Funding Round

Point Roberts, WA, Delta BC March 16, 2020 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/031620-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/03161Bitcoin-HUT-ICE.asp

Get the Crypto Corner Podcast on iTunes

Bitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 Reveals Cost-Saving Measures Amid Market Chaos and Bakkt Raises $300M in Series B Funding Round

Stocks discussed: (TSX:HUT) (NYSE:ICE)

Following last week’s market devastation, Bitcoin (BTC) more or less plateaued at a trading price of just above $5,000 over the weekend, after having fallen from around $7,500 last Thursday. Now, as we’re entering a new week, Bitcoin is down another nine percent in the last 24 hours and is posting a current trading price of $4,850, according to data from CoinMarketCap. This, of course, comes amid a general calamity seen in traditional markets as a response to global panic over the worsening Coronavirus pandemic. Crypto’s continued mirroring of the traditional markets’ downturn is presenting a challenge to the perception of it as a safe haven, though it bears repeating that the market chaos has affected other traditionally safe haven assets like gold to some extent.

The Federal Reserve has responded to this widespread market turmoil with the reintroduction of a zero interest rate policy, and $700 billion in quantitative easing comprising $500 billion of Treasury bonds and $200 billion of mortgage-backed securities. CNBC quotes Fed chair Jay Powell on the interest rate cut:

“We will maintain the rate at this level until we’re confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals.”

Within an hour of the Fed’s announcement, Bitcoin rallied 7.7 percent, according to CoinDesk, though as we’ve discussed, these gains have since dissipated. Additionally, the Fed’s move has not seemed to have impacted stock market indexes, which are decidedly in the red today. Commenting on the Fed’s decision, ShapeShift CEO Erik Voorhees tweeted:

It's great how they use the powerful term "injecting liquidity" when what's actually happening is "printing money and buying things with it."

Given that the ability of central banks to print money at will is one of the major arguments for Bitcoin, which has a built-in scarcity, this may still have a bullish effect on the crypto market.

Hut 8 Mining Corp. (TSX:HUT) has responded to the Bitcoin crash with the announcement that it “is optimizing its mining operations by running its mining equipment in cost-efficient modes.’ The statement continues:

“This has the ability to reduce its electricity consumption and costs by approximitely 50% while only reducing the hashrate output by approximitely 35%. While this optimization reduces total output, the overall overall margin is maximized and our costs are reduced.”

Hut 8 stock is down about 20 percent at press time.

Bakkt, the crypto subsidiary of Intercontinental Exchange (NYSE:ICE), has raised $300 million in a Series B funding round, according to a company blog post today. Bakkt CEO Mike Blandina writes:

I’m excited at our potential to unlock nearly $1 trillion of digital assets when the Bakkt app launches this summer. With the completion of our Series B financing and recent acquisition of Bridge2 Solutions, Bakkt is now a team of 350 employees and powers the loyalty redemption programs for 7 of the top 10 financial institutions and over 4,500 loyalty and incentive programs including two of the largest US airlines. We have the unique opportunity to leverage the technology, infrastructure and partners across our businesses to bring innovative new products to market and in doing so expand access to the global economy.

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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Breaking #Hemp / #Coronavirus #Stock News: SinglePoint Inc. (OTCQB: $SING) - Keep Your Hands Klen (Clean) and Your Loved Ones Safe with this Innovative and Effective Moisturizing Hand Sanitizer Infused with Hemp Seed Oil; @_Singlepoint_

Breaking #Hemp / #Coronavirus #Stock News: SinglePoint Inc. (OTCQB: $SING) - Keep Your Hands Klen (Clean) and Your Loved Ones Safe with this Innovative and Effective Moisturizing Hand Sanitizer Infused with Hemp Seed Oil; @_Singlepoint_

PHOENIX, AZ - March 16, 2020 (Investorideas.com Newswire) SinglePoint Inc. (OTCQB: SING) launches Klen Hands: Home Page subscribe and preorder now to get your shipment.

Since the initial soft launch on Friday, March 13, 2020, the Company received multiple orders for Klen and expects that to continue as consumers demand for cleaning and disinfect products continues to outpace existing supply. We believe Klen is uniquely positioned to capture initial shelf space into retail establishments that are carrying CBD/Hemp consumer goods. The company is strategically focusing on leveraging distributors that are already carrying SinglePoint 1606 Hemp Products and other related products. Hand sanitizer has been at a shortage due to the COVID-19 outbreak. SinglePoint has secured bulk supply sanitizer and mixing with hemp seed oil to sanitize and moisturize.

Read this news featuring SING in full at https://www.investorideas.com/CO/SING/news/2020/03161Klen-HandSanitizer-HempSeedOil.asp

Initial shipments are expected to leave our facilities in approximately 5 business days but initial inventory is expected to quickly sell out given the current market conditions. Stay Clean with Klen. Why risk contracting today's biggest outbreak? Purchase now to secure your order!

Singlepoint:Klen Hands - Hemp Seed Oil Infused Hand Sanitizer

"It is beneficial that we have a manufacturing facility already making other CBD/Hemp products and the relationships to quickly get supplies. This product is the right time and the right place. We are very happy with how quickly we were able to put it all together and believe this product will be on retail shelves year-round as a permanently stocked item. Our goal is to fulfill orders rapidly to assist retailers in providing an additional, differentiated product that meets current market demand. We will continue to build out the product mix as the market settles back in. Our management team has deep ties to Washington State, the hardest hit area to date in the United States and we plan to launch additional resources to help combat this virus and help provide reliable information to consumers and the general public," states Greg Lambrecht CEO SinglePoint.

Currently, Hand sanitizer is one of the most out of stock products across existing retail locations. The demand indicates that expect this product, Klen Hands, a hemp infused hand sanitizer, will sell through rapidly.This global pandemic has all citizens, regardless of country origin living in uncertain times, we have developed a hand sanitizing product to directly combat the coronavirus or any additional future virus related health issue. Our hand sanitizer has 62% ethyl alcohol to keep hands klen (clean) as well as hemp seed oil to keep hands soft and hydrated. Sanitize. Hydrate. Repeat.

Klen is currently being produced in SinglePoints' Carlsbad facility and will ship directly to your location. Orders will be fulfilled in the order they are received.

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc. (SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational brand.

Connect on social media at:

https://www.facebook.com/SinglePointMobile

https://twitter.com/_Singlepoint_

https://www.linkedin.com/company/singlepoint

https://www.youtube.com/user/SinglePointMobile

For more information visit: www.SinglePoint.com

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Corporate Communication

SinglePoint Inc.
888-OTC-SINGinvestors@SinglePoint.com
SinglePoint.com

SinglePoint (SING) is a featured stock on Investorideas.com

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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. For Disclosure purposes SinglePoint Inc (OTCQB: SING) is a paid annual news and social media company on Investorideas.com. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp . Learn more about our prices for publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Thursday, March 12, 2020

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces C$75 Million Bought Deal Financing

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces C$75 Million Bought Deal Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia - March 12, 2020 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSX: SIL.TO; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc., Eight Capital Corp. and Scotia Capital Inc., pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 9,100,000 common shares of the Company ("Shares") at a price of C$8.25 per Share for aggregate gross proceeds to the Company of C$75,075,000 (the "Offering").

Read this news featuring SILV in full at https://www.investorideas.com/CO/SILV/news/2020/03121BoughtDealFinancing.asp

The Underwriters have been granted an option (the "Over-Allotment Option"), exercisable in whole or in part, at any time within 30 days following the closing of the Offering, to purchase from the Company up to an additional 15% of the Shares offered under the Offering.

The Company will pay the Underwriters a cash commission of 5% of the gross proceeds of the Offering, including any proceeds realized on exercise of the Over‑Allotment Option, subject to reduced commission of 2.5% on maximum proceeds of up to C$3,000,000 from the President’s List of subscribers.

The Company intends to use the net proceeds of the Offering for the continued exploration and development of the Company’s Las Chispas Project and for general working capital and administrative purposes.

The Offering is expected to close on or about April 3, 2020 and is subject to a number of conditions, including receipt of all necessary securities regulatory approvals and the approval of the Toronto Stock Exchange and NYSE American.

The Offering is being made pursuant to a short form prospectus to be filed in each of the provinces of Canada (other than Quebec) and may be offered by way of private placement in the United States. The Offering may be also sold in such other jurisdictions as the Company and the Underwriters may agree.

In the event that related parties of the Company acquire Shares under the Offering, such participation would be considered to be "related party transactions" within the meaning of Multilateral Instrument 61‑101 ("MI 61‑101"). The Company intends to rely on the exemptions from the formal valuation and minority approval requirements of MI 61‑101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61‑101 in respect of any related party participation on the basis that neither the aggregate fair market value of the Shares to be distributed to nor the consideration to be paid by related parties will exceed 25% of the Company’s market capitalization as determined under MI 61‑101.

Pursuant to an agreement between the Company and SSR Mining Inc. ("SSR Mining") dated November 28, 2018 (see news release dated November 29, 2018), SSR Mining has a right to maintain its pro rata ownership interest of up to 9.9% of the outstanding shares of SilverCrest. SSR Mining must exercise such right within two business days from the date that SilverCrest gives SSR Mining notice of the Offering.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership and where all the known mineral resources of the Company are located. SilverCrest is the first company to successfully drill‑test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements concern the intended use of proceeds and the scheduled closing date for the Offering. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

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Wednesday, March 11, 2020

Tech/Cloud Stock News Bites - Cloudera (NYSE: $CLDR) Reports Fourth Quarter Fiscal Year 2020 Financial Results

Investorideas.com (www.investorideas.com) Tech/Cloud Stock News Bites- PALO ALTO, Calif., - Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its fourth quarter and fiscal year 2020, ended January 31, 2020. Total revenue for the fourth quarter was $211.7 million, and subscription revenue was $182.0 million. Annualized Recurring Revenue grew 11% year-over-year.

"We continue to execute well, delivering another strong quarter in Q4 on financial and operational metrics. I am especially pleased that we're seeing strong interest in CDP, with many customers across our base building plans for CDP Public Cloud adoption," said Rob Bearden, chief executive officer, Cloudera. "In fiscal 2020, we finished the hard work of merger integration and completely re-positioned the company for long-term success. I could not be more enthusiastic about the set-up for Cloudera as we enter the next phase of the market's evolution, helping our customers realize true hybrid and multi-cloud data solutions. We believe the opportunity for Cloudera has never been bigger and, with CDP Private Cloud expected in Q2, we believe it expands even further. Also, consistent with guidance, we plan to generate substantial non-GAAP operating income and cash flow in fiscal 2021."

Except where noted, all prior period amounts include the results of Hortonworks beginning January 3, 2019, the date the Company merged with Hortonworks.

GAAP loss from operations for the fourth quarter of fiscal 2020 was $64.4 million, compared to a GAAP loss from operations of $87.0 million for the fourth quarter of fiscal 2019.

Non-GAAP income from operations for the fourth quarter of fiscal 2020 was $11.0 million, compared to a non-GAAP loss from operations of $30.2 million for the fourth quarter of fiscal 2019.

Operating cash flow for the fourth quarter of fiscal 2020 was negative $9.4 million, which includes $16.1 million of merger-related payments, compared to operating cash flow of $40.2 million for the fourth quarter of fiscal 2019.

GAAP net loss per share for the fourth quarter of fiscal 2020 was $0.22, compared to a GAAP net loss per share of $0.45 for the fourth quarter of fiscal 2019.

Non-GAAP net income per share for the fourth quarter of fiscal 2020 was $0.04, compared to a non-GAAP net loss per share of $0.15 for the fourth quarter of fiscal 2019.

For fiscal year 2020, total revenue was $794.2 million and subscription revenue was $667.8 million.

GAAP loss from operations for fiscal year 2020 was $339.8 million, compared to a GAAP loss from operations of $193.8 million for fiscal year 2019.

Non-GAAP loss from operations for fiscal year 2020 was $39.4 million, compared to a non-GAAP loss from operations of $67.3 million for fiscal year 2019.

Operating cash flow for fiscal year 2020 was negative $36.8 million, which includes $60.5 million of merger-related payments, compared to operating cash flow of $34.3 million for fiscal year 2019.

GAAP net loss per share for fiscal year 2020 was $1.20, compared to a GAAP net loss per share of $1.21 for fiscal year 2019.

Non-GAAP net loss per share for fiscal year 2020 was $0.13, compared to a non-GAAP net loss per share of $0.41 for fiscal year 2019.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading Non-GAAP Financial Measures.

As of January 31, 2020, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $486.5 million.

Read the company’s full news and disclaimer here:

https://www.cloudera.com/about/news-and-blogs/press-releases/2020-03-10-cloudera-reports-fourth-quarter-fiscal-year-2020-financial-results.html

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Coronavirus /BiotechStock News Bites - Tiziana Life Sciences (NASADAQ: $TLSA)

Coronavirus /Biotechnology Stock News Bites - Tiziana Life Sciences (NASADAQ: $TLSA) To Expedite Development of its Fully Human Anti-Interleukin-6-Receptor Monoclonal Antibody, a Potential Treatment of Certain Patients Infected with Coronavirus COVID-19

Investorideas.com (www.investorideas.com) _ Coronavirus /Biotech (COVID-19) Stock News Bites- New York/London, March 11, 2020 - Tiziana Life Sciences plc (Nasdaq: TLSA; AIM: TILS) ("Tiziana" or the "Company"), a biotechnology company focused on innovative therapeutics for inflammatory and autoimmune diseases, announced today that it is expediting development of TZLS-501, a novel, fully human anti-interleukin-6 receptor (anti-IL6R) monoclonal antibody (mAb) for treatment of patients infected with coronavirus COVID-19 (SARS-CoV-2). Tiziana plans to administer TZLS-501 using a proprietary formulation technology. The Company entered into a world-wide license for composition-of-matter of TZLS-501, a fully human mAb targeting IL-6R, with Novimmune, SA, a Swiss biotechnology company in 2017.

Certain patients infected with coronavirus COVID-19 may develop an uncontrolled immune response ("cytokine storm") resulting in severe damage to lung tissue which could lead to respiratory failure (see Note 1, below). Early clinical studies conducted by doctors in China suggest that anti-IL6R mAbs may be used in clinical practice for treatment of COVID-19. Consequently, China'sNational Health Commission has recommended the use of Roche's blockbuster drug, Actemra® for treatment of patients infected with COVID-19, with serious lung damage and elevated IL-6 levels. Actemra was first approved by the FDA in 2010 for rheumatoid arthritis. Besides Actemra®, Sanofi and Regeneron are currently exploring Kevzara®, an FDA-approved anti-IL-6 receptor therapy for rheumatoid arthritis, for treatment of severe COVID-19.

Tiziana's anti-IL-6R mAb binds to both the membrane-bound and soluble forms of IL-6R and rapidly depletes circulating levels of IL-6 in the blood (see Note 2, below). An excessive production of IL-6 is regarded as a key driver of chronic inflammation and is believed to be associated with severe lung damage observed with COVID-19 infections and acute respiratory illness. A recent Chinese study also reported that COVID-19 infection caused clusters of severe respiratory illness such as severe acute respiratory distress syndrome (ARDS) (see Note 3, below).

"We believe that the features of TZLS-501 consisting of its dual mechanism of action to inhibit signaling by the membrane-bound and soluble IL-6 receptors along with rapid depletion of circulating IL-6 cytokine, a major cause of lung damage, provides TZLS-501 with distinct advantages for treatment of COVID-19 over other anti-IL-6R mAbs such as Actemra® and Kevzara® for treatment of COVID-19. The recent decision by researchers in China to add Actemra® to treatment guidelines for coronavirus patients with serious lung damage confirms the utility of anti-IL6R mAb. We are excited to move forward with our clinical development plan to expedite evaluation in patients as soon as possible", said Dr. Kunwar Shailubhai, CEO & CSO of Tiziana Life Sciences.

Read the company’s full news and disclaimer here:

https://ir.tizianalifesciences.com/news-releases/news-release-details/tiziana-life-sci-plc-tzls-501-covid-19

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Monday, March 16, 2020

#CryptoCorner: #Bitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 (TSX: $HUT.TO) Reveals Cost-Saving Measures Amid Market Chaos, Bakkt (NYSE: $ICE) Raises $300M in Series B Funding Round

Breaking #Hemp / #Coronavirus #Stock News: SinglePoint Inc. (OTCQB: $SING) - Keep Your Hands Klen (Clean) and Your Loved Ones Safe with this Innovative and Effective Moisturizing Hand Sanitizer Infused with Hemp Seed Oil; @_Singlepoint_

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Thursday, March 12, 2020

#Mining Stock News: #SilverCrest (TSX: $SIL.TO; NYSE: $SILV) Announces C$75 Million Bought Deal Financing

Wednesday, March 11, 2020

Tech/Cloud Stock News Bites - Cloudera (NYSE: $CLDR) Reports Fourth Quarter Fiscal Year 2020 Financial Results

Coronavirus /BiotechStock News Bites - Tiziana Life Sciences (NASADAQ: $TLSA)

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