VANCOUVER – USA News Group – A rocket has been lit by one of the richest people in the world that’s set to carry the meme-now-serious cryptocurrency Dogecoin (DOGE) “to the moon”. Through just one tweet by Elon Musk, CEO of Tesla, Inc. (NASDAQ:TSLA) and SpaceX, the value of DOGE shot up over 40%, pulling up TSLA shares over 3% along with it. Now Musk and TSLA are mulling over receiving DOGE for its cars, further cementing the assertion that crypto is headed for a lasting breakout. But TSLA isn’t alone in embracing DOGE and other cryptocurrencies in the days ahead, as has emerging international live-streaming platform developer Hello Pal International Inc. (CSE:HP) (OTC:HLLPF), peer-to-peer payment and money transfer services MoneyGram International, Inc. (NASDAQ:MGI) and PayPal Holdings, Inc. (NASDAQ:PYPL), and newly-public crypto exchange Coinbase Global, Inc. (NASDAQ:COIN).
Now generating revenue from both cryptocurrency mining and live-streaming, Hello Pal International Inc. (CSE:HP) (OTC:HLLPF) recently announced a roughly 12% increase of its monthly revenue in April 2021, compared to the previous month.
It was during that month of April that Hello Pal also announced the signing of a definitive purchase agreement to acquire a 51% interest (with an option to acquire 100% interest) in DOGE and Litecoin (LTC) Mining Assets.
"With the signing of the definitive agreement, we have taken the next step towards having cryptocurrency as an integral part of Hello Pal," said KL Wong, Founder and Chairman of Hello Pal International in the accompanying release. "We are also ecstatic that our choice of cryptocurrencies to mine seems to have been validated especially by the recent incredible surge in market interest and activity of Dogecoin. As far as we are aware, upon completion of this transaction, we shall be the only publicly listed company with primary exposure to Dogecoin."
The agreement comes with access to 12,500 mining rigs dedicated to mining DOGE/LTC. These mining assets provide a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate, and are hosted across multiple locations to ensure diversification of risk against potential factors that may adversely affect cryptocurrency mining.
Back in February, Hello Pal signalled to its live-streaming platform users its cryptocurrency mining initiative—which initially included Bitcoin (BTC) and Ethereum (ETH)—allowing users to participate in the mining process through access to crypto mining machines.
"It has long been our intention for cryptocurrency to play a central part on our platform, especially given the borderless nature of cryptocurrency and our international nature," said Wong. "The recent activity and interest in cryptocurrency presents us with a unique opportunity to introduce cryptocurrency to our users, as well as to bring cryptocurrency users to our platform."
While these initiative generated interest, it wasn’t until the connection to Dogecoin was announced that interest in Hello Pal’s cryptomining initiative hit a tipping point. News of the DOGE/LTC mining assets initiative caused a surge of traffic to the Hello Pal official website, causing a server overload and temporary outage.
"The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on Dogecoin as well as on cryptocurrency in general," said Wong.
EV manufacturing giant Tesla Inc. (NASDAQ:TSLA) caused a shockwave across the cryptocurrency market, through an about-face shift on its policy to accept Bitcoin (BTC)—on account of climate concerns.
"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," wrote Tesla CEO and Founder Elon Musk in a series of tweets. "Cryptocurrency is a good idea... but this cannot come at great cost to the environment."
Just one day later, Musk’s tweet showed his intention to help Dogecoin developers “improv system transaction efficiency”. Bitcoin fell and Dogecoin soared. In the same week, Musk posed the question of whether his company should accept Dogecoin as payment for its goods.
In the meantime, shoppers online and those wanting to send payments to vendors and peers, are being greeted with more options to deal in crypto.
Both MoneyGram International, Inc. (NASDAQ:MGI) and PayPal Holdings, Inc. (NASDAQ:PYPL) have announced they’re open to these types of digital transactions.
Teaming up with cryptocurrency exchange Coinme, MoneyGram said it will let people buy crypto with cash or withdraw it from brick-and-mortar locations in the US.
"This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency," Alex Holmes, MoneyGram's chairman and CEO, said in a statement.
Backed mostly by an e-commerce trend boosted by the global health crisis, PayPal reported record quarterly profits of US$1.1 billion—compared with just US$84 million in the same period last year. PayPal made headlines last October with its shift to allowing cryptocurrency transfers.
Prominent CNBC TV host Jim Cramer recently made the connection between PayPal and newly-public crypto exchange Coinbase Global, Inc. (NASDAQ:COIN), claiming that both stocks give investors a more balanced exposure to an array of cryptocurrencies at once.
However, as of May 14, 2021, Coinbase was still “weeks away” from supporting Dogecoin trading on its platform.
“We plan to list Doge in the next six to eight weeks,” said Coinbase CEO Brian Armstrong. “And then more broadly, we’re going to be focused on how we can accelerate asset addition in the future.”
Article Source: https://usanewsgroup.com/2020/11/16/live-streaming-is-taking-the-market-by-storm/
DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Hello Pal International Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Hello Pal International Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Hello Pal International Inc. which were purchased in the open market (a market cross) directly from the engagement of our agreement with the company. MIQ will not buy or sell shares of Hello Pal International Inc. for a minimum of 72 hours of this post date (November 17, 2020), but reserve the right to buy and sell, and will buy and sell shares of Hello Pal International Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
