Fintech PR
Bitcoin Price Climbs 3% on US Shutdown and Yields Gloom, But Bitcoin Minetrix Raises $200,000 and Is the Real Winner
NEW YORK, Sept. 29, 2023 /PRNewswire/ — The Bitcoin price is defying macro gloom to put on a 3% gain as it recaptures $27,000, but it is yield-bearing Bitcoin Minetrix ($BTCMTX) that’s raised $200,000 and could be the biggest winner.
Bitcoin, after briefly slipping below $25k last month and struggling to make headway since peaking at 27,431 on September 19th, is threatening to retake that near-term high.
The move higher has been assisted by a confluence of factors and comes despite gathering storm clouds in the stock and bond markets.
Also, although equities had a green session on Thursday, it comes on the back of a negative week.
The S&P500 has fallen from 4,452 to 4,296, and the Nasdaq Composite slid 500 points, from 13,714 to 13,200. Meanwhile, US 10-Year Treasury yields continue their march higher, now at 4.66%.
And then there is US interest rates at 5.25-5.5% despite the Fed pause, making all risk assets look less attractive, plus a surging US dollar to factor in too.
Bitcoin teasing that it is a safe haven play after all?
Markets worry that US inflation will be stickier than hoped and that a soft landing could be for the birds. The weakening of the narrowly based bullish sentiment that has seen the Nasdaq make a 20% advance this year, has been evident for a few weeks now.
Fed chairman Jerome Powell’s speech on Thursday has done little to calm nerves.
The past few days have seen the gloom merchants come to the fore as a shutdown of the government looms and the real estate debt crisis deepens in China.
But the past few days have seen the gloom merchants come to the fore as a shutdown of the government looms and the real estate debt crisis deepens in China.
Against this backdrop, Bitcoin appears to be gaining in strength, although it is too early to say whether some safe-haven inflows are behind the improvement.
But when the ratings agencies start to talk about US debt losing its top-tier rating, fears of a recession mounting, the auto industry strike spreading, oil prices heading back to $100, and core inflation remaining as sticky as ever, the green shoots in the Bitcoin market are even more noticeable.
Add to the mix that good news for Coinbase – it needs some – came when it received permission to offer crypto futures trading to its non-US customers.
US competitor exchange Kraken announcing it planned to open its door to stock traders may have added to the positive vibes, although that development could be read as a sign of desperation on Kraken’s part as it scrabbles around for revenue.
What’s good for Bitcoin is good for crypto, and especially Bitcoin derivative coins like Bitcoin Minetrix
Bitcoin remains the bellwether of the crypto industry, so generally speaking, there tends to be a positive correlation between it and all other assets.
However, that correlation is magnified for so-called Bitcoin derivative and clone coins, of which Bitcoin Minetrix is the latest of the crop.
When Bitcoin does well, so do the likes of longstanding forked clones like Bitcoin Cash and Bitcoin SV, as well as new upstarts such as the HPOS10I (BITCOIN) meme coin, Bitcoin 2.0 and BTC20.
Bitcoin Minetrix is different from all those aforementioned coins though, because of its tangible connection with the Bitcoin network.
Its use case is to contribute to the hash power of the network by marshaling the collective might of retail investors – or stakers – to earn credits that can then be deployed in cloud mining Bitcoin.
Bitcoin Minetrix is the first stake-to-mine platform in crypto. There are certainly plenty of cloud-mining outfits out there, but none are fully decentralized. BTC Minetrix’s unique selling point is in effectively tokenizing cloud mining and harnessing the many advantages that it gives it over competitors.
https://twitter.com/bitcoinminetrix/status/1707002226898559469
Bitcoin Minetrix banishes fraudsters, makes mining Bitcoin cheaper and safer for all
With Bitcoin Minetrix there is no need to worry about fraud because everything is handled on-chain, and no cash changes hands.
Bear in mind, too, that Bitcoin Minetrix’s smart contract is fully audited by Coinsult – it passed with no major issues.
Smart contract automation makes withdrawal of funds super easy, as does earning credits and empowering individual stakers to decide how much mining they want to engage in and when.
Bitcoin Minetrix takes the complication and expense out of mining. You don’t need to understand how difficulty is calculated or how to keep your client software up to date.
What’s more, there’s no need to make a considerable capital outlay and be exposed to the risk of making a loss on your business undertaking.
Better than Bitcoin because Bitcoin Minetrix is a yield-bearing hedge where you can reinvest mining profits
But where does the Bitcoin and Macro interplay come into the picture, you might ask? Well, it comes down to bond yields.
Rising bond yields make non-yield-bearing assets less appealing. At the present time, lenders are demanding a higher return for buying US government debt. Among the biggest holders of US debt is China. Given the geopolitical uncertainties and tension, that relationship may not end well.
The price of bonds, which move inversely to yields, are going down because there are fewer buyers when inflation is high, cutting into fixed-income asset returns.
Now consider the economics of Bitcoin Minetrix. While Bitcoin has no yield-bearing property, Bitcoin Minetrix does.
However, in addition to token stakers earning a yield paid out of the tokens allocated for community rewards, they also earn credits that are then invested in cloud mining bitcoin.
https://twitter.com/bitcoinminetrix/status/1706639837304881263
Bitcoin Minetrix is in essence reinvesting dividends, the most powerful mechanism for wealth creation in finance.
Against the backdrop of rising yields, stocks, and in particular higher-risk growth stocks, become a riskier proposition, which is why the smart money looks for opportunities to lock in income streams.
Still, you don’t just want any old bond – Treasury Inflation Protected Securities (TIPS) are the ones to hold because they are index-linked.
But you could go one better and hold BTCMTX token and get an income stream plus capital appreciation and a built-in mechanism that reinvests your dividends.
Bitcoin Minetrix tokens do not have the indexation of TIPS, but arguably, they achieve pretty much the same thing via staking and cloud mining.
And if you just want a safe way to get into Bitcoin mining and all the rest is just cherry on the cake, then Bitcoin Minetrix really is the standout solution. Crypto analyst Michael Wrubel told his 300k YouTube subscribers pretty much exactly that in his latest video.
How to buy Bitcoin Minetrix ($BTCMTX)
Stake-to-mine innovator Bitcoin Minetrix is in phase 1 of its four-part roadmap. After the presale phase, the other three phases commence, encompassing development, launch, and mass adoption.
Although not scheduled until phase 2 and 3, talks with cloud providers and work on the stake-to-mine dashboard for app and desktop has already started.
To buy the $BTCMTX token you will need ETH, USDT, BNB or a bank card. If you plan to purchase with ETH you can start staking-to-earn straightaway.
Notes for editors
Website: https://bitcoinminetrix.com
Social Channels: Twitter | Discord | Telegram Community
Presale stages:
|
Presale Stage |
Token Price |
Percentage |
Amount of Tokens |
USD Value |
|
Phase 1 |
$0.01100000 |
10 % |
280,000,000 |
$3,080,000 |
|
Phase 2 |
$0.01110000 |
10 % |
280,000,000 |
$3,108,000 |
|
Phase 3 |
$0.01120000 |
10 % |
280,000,000 |
$3,136,000 |
|
Phase 4 |
$0.01130000 |
10 % |
280,000,000 |
$3,164,000 |
|
Phase 5 |
$0.01140000 |
10 % |
280,000,000 |
$3,192,000 |
|
Phase 6 |
$0.01150000 |
10 % |
280,000,000 |
$3,220,000 |
|
Phase 7 |
$0.01160000 |
10 % |
280,000,000 |
$3,248,000 |
|
Phase 8 |
$0.01170000 |
10 % |
280,000,000 |
$3,276,000 |
|
Phase 9 |
$0.01180000 |
10 % |
280,000,000 |
$3,304,000 |
|
Phase 10 |
$0.01190000 |
10 % |
280,000,000 |
$3,332,000 |
- Soft Cap – $15.6M – 1,400,000,000 Tokens
- Hard Cap – $32M
- Ethereum
- ERC-20
- $BTCMTX
- Starting Price – $0.011
- Presale Starting Date – 26/09/2023
- Minimum Buy – $10
Photo: https://mma.prnewswire.com/media/2235370/Bitcoin_Minetrix.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bitcoin-price-climbs-3-on-us-shutdown-and-yields-gloom-but-bitcoin-minetrix-raises-200-000-and-is-the-real-winner-301943232.html
Fintech PR
Amerocap preparing substantial investments in magnesium and critical mineral development in the US and Europe
LONDON, Nov. 28, 2023 /PRNewswire/ — Amerocap, a US-UK private equity investor focused on energy and minerals globally, will ramp up its investments into critical minerals in 2024. Amerocap’s critical minerals platform is Verde Magnesium LLC which is investing across the metallic magnesium value chain: R&D, mining, processing, and metallic production. Verde Magnesium, with its world-class project team is developing a portfolio of projects in North America, Europe and Asia, with a goal of reaching FID on at least 2 fully integrated projects in the next two years. Our flagship magnesium project in Romania has an accelerated investment program for 2024-2026 and was included in the investment pipeline of EU’s European Raw Materials Alliance (ERMA). The project has commercial partnerships with global automotive and aluminum industrial groups with combined revenues of over $500 billion. Verde Magnesium is reviewing up to $3 billion of investments and up to 200 kt per year of metallic magnesium capacity globally.
Bernd Martens, Chairman of Verde Magnesium and former Board Member and Head of Procurement for Audi AG, mentions that “China is producing the vast majority of many critical minerals required for the net zero transition. Compounding this supply concentration is China’s own surge in domestic demand of such minerals, which will reduce China’s essential net exports. Only a few decades ago, Western economies were the largest producers of metals in the world; but today that capacity, know-how and political will for mining and processing is gone. Verde Magnesium is a future catalyst of an industrial redevelopment that will offer reliable and sustainable supply and technological know-how for the EU and the US”.
Amerocap is well positioned to support this development, having successfully built multiple investment platforms in energy production and infrastructure, from the UK North Sea, where over $1.5 billion in transactions were completed, to Amerocap’s latest platform in Samos Energy, which aims to deploy over $1 billion in energy investments in Asia and Africa. Samos completed its first investment in July, acquiring the floating energy infrastructure business of BlackRock and Petrofac, whose portfolio covers Vietnam, Thailand and Malaysia and is seeking further growth in infrastructure, with the highest HSE standards.
View original content:https://www.prnewswire.co.uk/news-releases/amerocap-preparing-substantial-investments-in-magnesium-and-critical-mineral-development-in-the-us-and-europe-301999804.html
Fintech PR
Abu Dhabi’s Rapidly Changing Investment Landscape Debated at the Second Edition of “Asset Abu Dhabi” Hosted at ADFW 2023
- Ray Dalio took the stage at Asset Abu Dhabi and praised the Falcon Economies of the GCC region as ‘Renaissance States’.
- Ahead of COP28, during the special session of ‘The rise of the falcon economy’, notable economic leaders like Dr. Nasser Saidi called for the establishment of a ‘climate bank’.
- Fadi Ghandour, Executive Chairman of Wamda Capital emphasised increasing regional capital deployment by SWFs into major infrastructure and tech projects
ABU DHABI, United Arab Emirates, Nov. 28, 2023 /PRNewswire/ — Abu Dhabi Finance Week (ADFW) presented by Abu Dhabi Global Market (ADGM) progressed into its next key conference today, conducting the 2023 edition of Asset Abu Dhabi. The event hosted a selective group of investment market leadership, who gathered at ADFW to analyse the evolving investment strategies of hedge funds, private equity houses, venture capital giants and family offices across the global markets, explore returns from evolving asset classes and investment frontiers, responses to inflationary pressures, and observe on the future and prospects of regional and global economies amid the current transition era.
Asset Abu Dhabi 2023 organised with theme partners, Mubadala and BTG Pactual, showcased a line-up of some of the strongest global private market leaders, hosting thousands of senior investors from 100+ countries, from the investment and financial industry who collectively manage more than USD 30 trillion of assets. The list of top financial investment institutions that attended the conference included top names such as Morgan Stanley, BNY Mellon, Goldman Sachs, Brevan Howard and Franklin Templeton amongst others.
Asset Abu Dhabi started with a special opening session led by Ruchir Sharma, the Chairman of Rockefeller International, who presented his analysis of key political, economic, technological and social signals that shape a nation’s future. Diving into the principle of wealth management, Jenny Johnson the President and CEO of Franklin Templeton spoke insightfully on the utility of technology to rising asset classes, sustainable investing, and interpreting changing global markets.
The rise of the Falcon Economy remains a major focus of Asset Abu Dhabi and ADFW to explore the drivers of the ongoing growth of the UAE and other regional economies and shed light on government plans, policies and efforts to realize long-term economic visions.
Other key sessions included a unique conversation on ‘The Keys to Managing Money & Risk’ between George Osborne the former UK Chancellor and Alan Howard the founder of Brevan Howard, and a special roundtable focused on ‘Forecast to 2030’ with the Chairman of Hong Kong Exchanges & Clearing and C-suites of Goldman Sachs, Circle and Tikehau Capital.
Salem Mohammed Al Darei, CEO of ADGM Authority said, “With ADGM as a home to a global collection of asset managers, Abu Dhabi Finance Week continues to be a pivotal platform for them through Asset Abu Dhabi to share insights and chart the course for the ever-evolving world of investment. The 2023 edition of Asset Abu Dhabi not only offers a unique opportunity to analyse the rapidly shifting investment landscape but also showcases the next era of digital assets and provides invaluable guidance on the prospects of regional and global economies within the transition era. With a stellar lineup of global private market leaders and senior investors representing a staggering USD 30 trillion in assets under management, Asset Abu Dhabi exemplifies ADGM’s commitment to fostering collaboration and innovation in the financial industry.”
Abu Dhabi has become a destination of choice for global asset and fund management entities as the numbers have been growing drastically in the past few years while ADGM is also experiencing remarkable growth in the asset management sector reflecting 52% growth in Q3, compared to the same period last year.
The conference hosted two other events. The International Family Office Congress 2023 was organised in partnership with the Abu Dhabi Chamber, Abu Dhabi IPO Fund and Emirates Family Office Association, in addition to the Turnaround, Restructuring & Insolvency (T.R.I.) Forum 2023.
Logo – https://mma.prnewswire.com/media/2211082/4427634/ADGM_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/abu-dhabis-rapidly-changing-investment-landscape-debated-at-the-second-edition-of-asset-abu-dhabi-hosted-at-adfw-2023-301999772.html
Fintech PR
Exicom, India’s EV Charger Leader, expands into the UK Market, introduces a range of EV Chargers to accelerate EV Adoption
- Exicom, with the largest market share in India and a robust presence in Southeast Asia and the Middle East, now expands into the UK market
- Introduces a range of powerful, scalable and user-friendly DC Fast Chargers at the London EV
- Introduces a compact and easy-to-use range of SPIN EV chargers for home charging application
- Having a strong foothold in India, Southeast Asia, and the Middle East with supply of thousands of charges every month
LONDON, Nov. 28, 2023 /PRNewswire/ — Exicom, India’s largest EV charger manufacturer and a trusted partner for global automobile leaders, charge point operators and other ecosystem players has announced its strategic entry into the UK and Europe market. The company plans to strengthen its distribution channel and will be providing EV chargers through direct sales channels too.
As part of its global expansion strategy, Exicom has identified Europe as a key market for its cutting-edge home charging and business solutions. Celebrating this milestone, Exicom unveiled its first-of-its-kind EV charging product, Harmony Direct DC 360 Fast Charger at the London EV Show, designed especially for the European market. It is crafted to meet the requirements of today’s EV drivers and is aimed at aiding charge point operators in the installation of fast-charging stations. Setting the benchmark with up to 360kW of power and a modular design, it promises the quickest charging experience in the market for upcoming electric vehicles. Its ergonomic cable management maintains station tidiness, while the new sleek design, easy-to-use display terminal and innovative lighting system elevate overall user experience. These DC chargers are suitable for installation at fueling stations, retail locations, highways and commercial premises to charge electric fleets.
Exicom is also thrilled to unveil its latest breakthrough – the ‘Spin Air’ EV AC Charger, marking a significant milestone in home electric vehicle charging. Spin Air seamlessly integrates state-of-the-art technology, user-friendly features, and elegant design. Beyond its visual appeal, Spin Air exemplifies intelligence in charging methodology. Solar compatibility allows users to harness renewable energy, while load balancing and power sharing ensure optimal energy distribution within the home environment. Additionally, it’s seamless integration with Exicom’s Spin Control mobile app empowers users to remotely monitor, schedule, and receive real-time updates on their charging sessions. By blending convenience with control, effortless management is now just a tap away.
Originating from India, a worldwide centre for technological excellence, Exicom has led the way in providing crucial power and EV charging solutions in over 15 countries across the globe. Exicom chargers power electric drives across the entirety of India, enduring extreme weather and electrical conditions and now have a robust presence in Malaysia, Indonesia, Singapore, and the Middle East showcasing its prowess in the EV Industry. As it enters the UK market through the London EV Show 2023, Exicom’s primary aim is to simplify EV charging, guaranteeing its reliability and future adaptability, aligning with the UK Government’s vision of achieving zero-emission vehicles by 2035. With a wealth of over two decade’s experience, Exicom has secured the trust of the world’s largest automotive firms, thanks to its dedication to cutting-edge technology, punctual deliveries, and continuous round-the-clock customer support.
“With many governments and especially UK favouring faster adoption of electric mobility, the demand for innovative home charging solutions and fast charging stations is higher than ever. We are thrilled to introduce our new range of Harmony DC chargers which fit variety of use cases and are convenient to operate. Our SPIN Home chargers are compact, connected and compliant with UK smart charging regulations. With the expansion of our operations in Europe, we hope to play a key role in enabling low carbon society in these markets – said, Anant Nahata, CEO, Exicom.
Exicom is driven by a customer-first approach, with its differentiation being products developed based on design, form factor, and unique features, relying on innovation and R&D activities. Exicom’s global operations are supported by three state-of-the-art manufacturing units and two R&D centres in India. Following this approach for the European market, Exicom seeks to build a local sales, service and application engineering team to fulfil customer demands.
To explore more on Exicom’s EV charging technology, visit – www.exicom-ps.com
About Exicom:
Exicom entered the EV charging market in 2018 and offers full range of smart AC and DC fast charging solutions for passenger cars, and heavy-duty vehicles. It has sold more than 50K home chargers and 3000+ fast chargers in India and overseas markets.
Incorporated in 1994, Exicom is an India headquartered power management solutions provider operating under two business verticals. The first involves EV Charger solutions which offers smart charging solutions for home and businesses. The second vertical focuses on critical power solutions business, wherein the company services critical digital infrastructure by delivering overall energy management via its range of power and energy solutions.
Photo – https://mma.prnewswire.com/media/2287433/Exicom.jpg
Logo – https://mma.prnewswire.com/media/2287434/Exicom_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/exicom-indias-ev-charger-leader-expands-into-the-uk-market-introduces-a-range-of-ev-chargers-to-accelerate-ev-adoption-301999579.html
-
Fintech7 days agoSpool hones in on bringing institutions into DeFi by launching its expansive V2 upgrade
-
Fintech PR5 days agoMutual Fund Assets Market Size to Grow USD 97158 Million by 2029 at a CAGR of 8.29% | Valuates Reports
-
Fintech PR5 days agoMobile Banking Market to Reach $7 billion, Globally, by 2032 at 16.8% CAGR: Allied Market Research
-
Fintech PR5 days agoGenpact Launches Artificial Intelligence Innovation Center in London, UK
-
Fintech6 days ago
MapMetrics expands to peaq from Solana following addition of Solana compatibility to peaq’s Multi-Chain Machine IDs
-
Fintech PR5 days agoDiscover Top iGaming Trends 2024 in SOFTSWISS In-Depth Research
-
Fintech PR6 days agoTCI Fund Management Establishes Strategic Presence in EMEA Region with Opening of Abu Dhabi Office
-
Fintech PR5 days agoBingX Rebrands to Forge Better Crypto Traders
