Cryptocurrencies Rising Again in Popularity Over Recent Weeks, But For How Long
The OLB Group, Inc. (OLB)
Company Research
Source: PR Newswire
FinancialNewsMedia.com News Commentary PALM BEACH, Fla., Aug. 31, 2021 /PRNewswire/ -- Cryptocurrency mining produced increasing revenue over the last several years, leading to 63 million U.S. dollars on a single day in 2021. Bitcoin mining is an investment, weighing the cost of energy and hardware against the expected returns. Mining pools, or groups of miners, tend to be located in regions where electricity is inexpensive. These miners also follow different virtual currencies, mining the cryptocurrency that they expect will have the highest return. Cryptocurrencies are virtual commodities designed as currencies without a centralized regulating authority. Like a regular fiat currency, they have value only because their users agree upon the value. However, since there is no central authority to guarantee the price of these currencies, the price can be quite volatile. Many investors see this volatility as an opportunity. The fluctuation in price of Bitcoin and other expensive virtu
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- 4/15/24 - Form 10-K
- 4/2/24 - Form DEF
- 4/1/24 - Form NT
- OLB's page on the SEC website