Miscellaneous Risks

Thai tech company enters Bitcoin mining

miscellaneous-risks@newsletter.paragraph.com (Miscellaneous Risks) — Wed, 29 Dec 2021 14:44:01 GMT

Thailand’s technology company’s entry into Bitcoin mining has soared 67 times this year. After the announcement of its entry into Bitcoin mining at the end of July this year, the share price of Thailand’s Jasmine Technology Solution Pcl has more than tripled, despite the cryptocurrency project Has not yet brought significant benefits to the company. So far this year, the company's share price has soared by approximately 6,700%. Since the start of operations a few months ago, Jasmine Technology’s 325 mining machines have so far "mined" only 8 bitcoins. The company’s chairman Soraj expects that next year’s mining activities will be more active, as the company plans to invest about 3.3 billion baht ($98 million) in the purchase of up to 7,000 new equipment. He said that by the end of 2022, mining revenue will account for about 80% of the company's total turnover.

Community v1 is Coming to Loop!

miscellaneous-risks@newsletter.paragraph.com (Miscellaneous Risks) — Thu, 16 Dec 2021 06:46:18 GMT

The Loop Community, in its first version, will be based on read time.

Authors will be rewarded with LOOPR, depending on how much time users spend reading their articles.
Loop Bounties will be awarded to writers who accumulate the most read-time for their articles.
Weekly rewards will be awarded to writers who tally the most read-time on their articles.

Conclusion

miscellaneous-risks@newsletter.paragraph.com (Miscellaneous Risks) — Mon, 13 Dec 2021 13:55:22 GMT

Can bitcoin crash from here? There are no guarantees in crypto, so a crash to lower levels of support is certainly possible. Is it likely to go back to levels we saw in May? We’d argue against that. More adoption, use, and generally positive sentiment have been growing for BTC and the rest of the cryptoverse, and it’s hard to imagine that momentum turning itself around.

But it’s prudent to always remember the bear lurking in the background. Understanding the current risks around investing in bitcoin will prevent it from catching you by surprise.