PALM BEACH, Fla., Dec. 8, 2021 /PRNewswire/ — FinancialNewsMedia.com Information Commentary – The actual property business is quickly altering dramatically as new applied sciences and companies 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 trade. Shopping for a house with cryptocurrency like Bitcoin is turning into extra frequent. The truth is, some consider 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 means into actual property transactions in varied methods. One of the vital seen ways in which bitcoin has been exhibiting up in actual property is thru residence listings. A number of sellers and brokers have been utilizing this tactic to create extra buzz and a spotlight 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 will work properly for prime finish home listings the place the probably patrons might have and wish to use their bitcoins for actual property. This seems to be an growing development as many have loved massive wins in cryptocurrency and are in search of a solution to stability that and protect their positive aspects by changing them into tangible actual property belongings.” Energetic Firms within the markets at the moment embody Presidio Property Belief, Inc. (NASDAQ: SQFT), Coinbase World, Inc. (NASDAQ: COIN), Sphere 3D Corp. (NASDAQ: ANY), Canaan Inc. (NASDAQ: CAN), Robinhood Markets, Inc. (NASDAQ: HOOD).
UpNest continued: “There are additionally bodily cryptocurrency trade workplaces and shops. Extra of those could also be franchised and pop as much as improve traction out there, and construct belief with these sluggish to undertake the forex or who wish to do enterprise in individual, offline. For house owners and operators of those business properties, cryptocurrency may 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 individuals nonetheless consider in it, and that it’s the future. Digital currencies have many purposes in actual property, with many potential advantages for promoters, buyers, 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 the moment introduced acceptance of cryptocurrency as a sound type of fee for tenant rental and CAM (frequent space upkeep) fees.
“We are actually set as much as settle for numerous 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 consider that these further fee choices will likely be engaging to a few of our present and potential tenants, particularly in new, enlargement markets,” added Gary Katz, Senior Vice President of Asset Administration. “That is one other means 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 actual property industries embody:
Coinbase World, Inc. (NASDAQ: COIN) recently introduced the pricing of $1.0 billion combination principal quantity of its 3.375% Senior Notes due 2028 (the “2028 notes”) and $1.0 billion combination 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 personal providing (the “providing”). The combination principal quantity of the providing was elevated from the beforehand introduced providing measurement of $1.5 billion as a result of market curiosity.
Curiosity on the notes will likely be payable in money semi-annually in arrears, starting on April 1, 2022, at a charge of three.375% per 12 months, with respect to the 2028 notes, and at a charge of three.625% per 12 months, 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 until earlier repurchased or redeemed. The notes will likely be totally and unconditionally assured by Coinbase, Inc., an entirely owned subsidiary of Coinbase. The notes and the associated assure will likely be Coinbase and the guarantor’s basic 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’ve got efficiently pivoted to the cryptocurrency mining business 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’ve 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 12 months has additionally seen us full financings within the first 9 months of this 12 months 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 models of its next-generation Avalon Bitcoin mining machines.
This new order by HIVE follows the 2 latest purchases of 4,000 models and 6,400 models 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 will not be solely a testomony to the standard and efficiency of our mining machines, but in addition reveal our efficient consumer relationship-building efforts. We are going to proceed to place ourselves as an necessary accomplice 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 higher success with our purchasers within the crypto-mining area.”
Robinhood Markets, Inc. (NASDAQ: HOOD) and Citadel Securities won dismissal of a proposed class-action lawsuit introduced by retail buyers 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 point out 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 grievance.
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 clients from buying these shares, which the net brokerage did on Jan. 28.
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