BitBay Partners With Crypto Exchange and Major Retailer

BitBay has announced two exciting partnerships: with Pi Supply and Indacoin exchange
02 April 2018   1421

BitBay is a decentralized marketplace, which aims to enable users to buy and sell goods and services securely and anonymously, without the need for middlemen. 

According to the announcements in the official Twitter account of BitBay, it has two exciting partnerships to announce. The first one is with Pi Supply, a major retailer of Raspberry Pi and accessories, which reportedly will list their products in the BitBay Marketplace. Later, they will release a special BitBay Staking Box, which will be available to buy this upcoming week.

Bitbay partnership pi supplyBitBay Partnership

Moreover, BitBay has officially partnered with the Indacoin exchange and are looking forward to integrating fiat purchases across the BitBay platforms. Indacoin lets its users buy over 100 different cryptocurrencies through credit/debit card payment without registration. More details on both of those partnerships will be published in the next few days.

BitBay Partnership indacoinBitBay Partnership

Previously, we have reported about the release of mobile version of Bitbay Wallet App which includes the multisignature account capabilities and advanced timelock payment options. At the moment of press, these are main market parameters of BitBay:

Average price: $0,036063
Market cap: $36 425 999
24h volume: $490 180

Argo to Report on Mining Profitability Increase in Q2

It was also reported that by the end of June, company owns about £ 3 million in crypto assets, which is 7.7% higher than expected
03 July 2019   239

The British mining company Argo Blockchain published a financial report for the second quarter of 2019, according to which its revenues increased significantly in the second quarter, exceeding its own expectations.

So, in comparison with the previous report, published in early June, the income from mining Argo Blockchain increased by 24%. The increase in profitability from mining at the same time turned out to be proportional to the increase in the Bitcoin price observed during the recent period.

The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019. This is an increase of approximately 101% from the Company's May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.
 

Argo Blockchain Team

Argo Blockchain also said that as of the end of June, the company owns about £ 3 million in cryptocurrency assets, which is 7.7% higher than expected.

Also Argo Blockchain intends to expand its activities. In particular, the company plans to deploy another 2500 miners in Quebec by the end of the third quarter, which is also expected to significantly increase revenues.

Our better-than-expected mining performance reflects both improving industry conditions as well as Argo's business strategy, which has enabled it to rapidly ramp up operations and thereby take full advantage of the upturn. As a result, we enter the third quarter with a strong momentum to deliver further growth and improving mining efficiency.
 

Mike Edwards

Executive chairman, Argo

It should be noted Argo Blockchain was the first cryptocurrency company, the placement of shares of which was approved by the London Stock Exchange last June.