PALM BEACH, Fla., Dec. 8, 2021 /PRNewswire/ — FinancialNewsMedia.com Information Commentary – The true property trade is quickly altering dramatically as new applied sciences and providers affect the best way society completes actual property transactions. One of many rising applied sciences of the final decade is cryptocurrency. The rising reputation of cryptocurrencies like Bitcoin and Ethereum has enabled some people to promote or purchase a home with cryptocurrency as the only medium of change. Shopping for a house with cryptocurrency like Bitcoin is turning into extra widespread. In truth, some imagine that cryptocurrency will revolutionalize the way forward for actual property transactions. A latest article from UpNest on actual property mentioned this new rise of cryptocurrency into actual property, saying: “Cryptocurrency has been more and more making its manner into actual property transactions in numerous methods. One of the seen ways in which bitcoin has been exhibiting up in actual property is thru dwelling listings. A number of sellers and brokers have been utilizing this tactic to create extra buzz and a focus for his or her properties. Some sellers have insisted on all bitcoin. Others have requested for funds cut up between US {dollars} and bitcoins. This may occasionally work properly for prime finish home listings the place the almost certainly patrons could have and need to use their bitcoins for actual property. This seems to be an rising development as many have loved massive wins in cryptocurrency and are searching for a solution to stability that and protect their good points by changing them into tangible actual property belongings.” Energetic Firms within the markets at this time embrace Presidio Property Belief, Inc. (NASDAQ: SQFT), Coinbase International, Inc. (NASDAQ: COIN), Sphere 3D Corp. (NASDAQ: ANY), Canaan Inc. (NASDAQ: CAN), Robinhood Markets, Inc. (NASDAQ: HOOD).
UpNest continued: “There are additionally bodily cryptocurrency change places of work and shops. Extra of those could also be franchised and pop as much as enhance traction available in the market, and construct belief with these sluggish to undertake the forex or who need to do enterprise in individual, offline. For homeowners and operators of those business properties, cryptocurrency might change into an actual property enterprise a lot in the best way that Mcdonald’s is. Cryptocurrency has been sizzling. Regardless of latest points with loopy worth fluctuations folks nonetheless imagine in it, and that it’s the future. Digital currencies have many functions in actual property, with many potential advantages for promoters, traders, particular person patrons, sellers, renters, and the market itself.”
Presidio Property Belief, Inc. (NASDAQ: SQFT) BREAKING NEWS: Presidio Property Belief Pronounces Acceptance of Cryptocurrency for Tenant Funds – Presidio Property Belief, Inc, an internally managed, diversified actual property funding belief, at this time introduced acceptance of cryptocurrency as a legitimate type of cost for tenant rental and CAM (widespread space upkeep) fees.
“We at the moment are set as much as settle for plenty of cryptocurrencies, together with Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Litecoin (LTC), from our business tenants,” mentioned Jack Heilbron, President and Chief Govt Officer.
“We imagine that these extra cost choices shall be engaging to a few of our present and potential tenants, particularly in new, growth markets,” added Gary Katz, Senior Vice President of Asset Administration. “That is one other manner that Presidio Property can differentiate itself as a forward-thinking landlord.” CONTINUED… To Learn This Full Press Launch for Presidio Property Belief Please Go to: https://presidiopt.com/press-releases/
Different latest developments in the true property industries embrace:
Coinbase International, Inc. (NASDAQ: COIN) recently introduced the pricing of $1.0 billion mixture principal quantity of its 3.375% Senior Notes due 2028 (the “2028 notes”) and $1.0 billion mixture principal quantity of its 3.625% Senior Notes due 2031 (the “2031 notes” and, along with the 2028 notes, the “notes”) in its beforehand introduced non-public providing (the “providing”). The mixture principal quantity of the providing was elevated from the beforehand introduced providing measurement of $1.5 billion resulting from market curiosity.
Curiosity on the notes shall be payable in money semi-annually in arrears, starting on April 1, 2022, at a price of three.375% per yr, with respect to the 2028 notes, and at a price of three.625% per yr, with respect to the 2031 notes. The 2028 notes will mature on October 1, 2028, and the 2031 notes will mature on October 1, 2031, in every case except earlier repurchased or redeemed. The notes shall be totally and unconditionally assured by Coinbase, Inc., an entirely owned subsidiary of Coinbase. The notes and the associated assure shall be Coinbase and the guarantor’s common unsecured senior obligations.
Sphere 3D Corp. (NASDAQ: ANY), an organization delivering containerization, virtualization, and information administration options, recently reported monetary outcomes for its third quarter ended September 30, 2021.
“It has been an eventful quarter and monetary 2021 up to now for the Firm. We now have efficiently pivoted to the cryptocurrency mining trade with the acquisition of our first 60,000 miners, able to producing 6 exahash of capability, with the corporate receiving affirmation that the primary batch of machines will ship subsequent week. As well as, we now have secured an settlement with Gryphon Digital Mining to have Core Scientific host and handle about 230 megawatts of bitcoin mining capability, which covers over 71,000 bitcoin mining machines,” acknowledged Peter Tassiopoulos, CEO of Sphere 3D, including, “This yr has additionally seen us full financings within the first 9 months of this yr which have bolstered our stability sheet by offering in extra of $200 million of money and a considerably elevated monetary flexibility to develop our enterprise. We additionally sponsored our first SPAC, Minority Equality Alternatives Acquisition which efficiently closed on an upsized $126.5 million IPO throughout the quarter.”
Canaan Inc. (NASDAQ: CAN), a number one high-performance computing options supplier, recently introduced that it has secured a follow-on buy order from HIVE Blockchain Applied sciences Ltd. (“HIVE”), for six,500 items of its next-generation Avalon Bitcoin mining machines.
This new order by HIVE follows the 2 latest purchases of 4,000 items and 6,400 items of Canaan’s Avalon Miners in August 2021 and January 2021, respectively.
Mr. Nangeng Zhang, Chairman and Chief Govt Officer of Canaan, commented, “The extra buy order from HIVE additional strengthens our working relationship. The consecutive offers usually are not solely a testomony to the standard and efficiency of our mining machines, but in addition show our efficient shopper relationship-building efforts. We’ll proceed to place ourselves as an essential companion for HIVE as they speed up their enterprise progress. With our next-generation Avalon Miners in addition to our high quality on-site and off-site help, we’re assured to realize better success with our purchasers within the crypto-mining discipline.”
Robinhood Markets, Inc. (NASDAQ: HOOD) and Citadel Securities won dismissal of a proposed class-action lawsuit introduced by retail traders who accused the corporations of colluding throughout January’s meme-stock frenzy.
U.S. District Choose Cecilia Altonaga in Miami mentioned that the plaintiffs failed to indicate there was any settlement between Citadel Securities and Robinhood to behave in live performance. In a Wednesday ruling, she dismissed the case with out prejudice, giving the investor group till Dec. 20 to presumably file an amended criticism.
The lawsuit alleged that Citadel Securities amassed a considerable brief place in GameStop Corp. and different shares that exploded in worth, and that the market-maker pressured Robinhood to cease prospects from buying these shares, which the net brokerage did on Jan. 28.
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