Mara Jumps On Plans To Launch North America: based BTC mining pool

DMG Blockchain Solutions

31/03/2021 19:51

** Cryptocurrency miner Marathon Digital Holdings  MARA.O 
rises 11.5% to $49.19, its highest level since 2016, after
announcing launch of first North America-based bitcoin mining
pool on Tuesday  urn:newsml:reuters.com:*:nGNX5ycQcM 
    ** Co says all mines will comply with U.S. anti-money
laundering regulations and Office of Foreign Asset Control's
standards
    ** MARA to license DMG Blockchain Solutions Inc's  DMGI.V 
Blockseer pool technology to filter transactions; DMG to receive
$500,000 in Marathon common shares and a monthly license fee in
cash or bitcoin  urn:newsml:reuters.com:*:nGNX4lnrbX
    ** Cryptocurrencies' lack of transparency and potential for
misuse have been cited by many as causes for regulatory concern,
including U.S. Treasury Secretary Janet Yellen  urn:newsml:reuters.com:*:nL1N2KH00C
    ** Marathon expects all its miners to be deployed to the new
pool by Q1 2022
    ** Other crypto stocks gain on signs of increased mainstream
acceptance - cryptocurrency miner Riot Blockchain  RIOT.O ,
bitcoin bank Silvergate Capital Corp  SI.N  and BTC buyer and
business intelligence software co MicroStrategy Inc  MSTR.O  all
up between 3.8% and 5.2%
    ** Goldman Sachs  GS.N  plans to offer investments in
bitcoin and other digital assets to wealth management clients
 urn:newsml:reuters.com:*:nL4N2LT3O5
    ** PayPal  PYPL.O  and Visa  V.N  both announced plans
earlier this week to allow payment with cryptocurrencies
 urn:newsml:reuters.com:*:nB8N27V00M  urn:newsml:reuters.com:*:nL1N2LR0OD 
    ** Bitcoin  BTC=BTSP  is up 1.1% on the day, on track for
monthly gains of 31% and is up over 104% YTD
    ** YTD, Marathon Digital shares have more than tripled in
value 
    

 (Reporting by Lisa Pauline Mattackal in Bengaluru)
 ((LisaPauline.Mattackal@thomsonreuters.com; +919945309224;
Reuters Messaging: lisapauline.mattackal@thomsonreuters.com
@reuters.net))