Canadian blockchain miner Hive approved for Nasdaq listing
Canadian Blockchain Miner Hive has been recorded on Nasdaq and will be accessible for trading in the coming weeks. So read more on our most recent crypto news today.
As that the SEC continues to roll out its record of Bitcoin ETFs gradually, traders on older exchanges eager to get more exposure to this cryptocurrency will shortly have another socket. In a statement on Friday, Canadian blockchain technology mining firm Hive declared that it had received approval to list shares on the Nasdaq market while Hive is traded on the Nasdaq, risk TSX, code HIVE. V and concentrates on both BTC and ETH mining.
HIVE is very happy to announce today that it has received approval to list its common stock on the Nasdaq Capital Markets Exchange, where trading will start soon. HIVE will also retain its listing on the TSX Venture Exchange (TSX.V). pic.twitter.com/6XyEFfSCL4
– HIVE (@HiveBlockchain) June 17, 2021
According to Hive’s site, the organization is specially focused on green energy using a significant issue for critics of this gigantic energy intake of cryptocurrencies. This month, well-known BTC accumulator Michael Saylor revealed details of the upcoming BTC Mining Council, which, among other things, will help shed light on the ecological effect on crypto mining. Note Hive reads:
“HIVE has advanced data centers for green energy in Canada, Sweden and Iceland that always produce newly minted digital currencies such as Bitcoin and Ethereum in the cloud. Since the start of 2021, HIVE has accumulated the vast majority of its ETH and BTC coin production, which we maintain safe. “
BTC miners far outperform the underlying asset as analysts have indicated that BTC is up 90% year over year, but four of the largest mining stocks are up 5000%. Coupled with bullish momentum, many miners are becoming a powerful voice on the political scene as the CEO of Nasdaq-listed Canaan China presses to ease the BTC mining ban.
Speaking of Canada, Canada has welcomed BTC to the traditional markets, and a third Bitcoin ETF in Canada is about to launch. A Bitcoin ETF has been approved by Canadian securities regulators as CI Global Asset Management is preparing its own BTC-based offering. The ETF will be launched on the Toronto Stock Exchange under the symbol BTCX, joining Purpose Bitcoin ETF and Evolve Bitcoin ETF, both of which launched a month ago. The launch of a BTC ETF in North America is just a strong sign that Bitcoin is becoming a friendly asset and introducing a whole new class of investors into the crypto world.
DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]