Episode 106: 🏦JPMorgan NFTs, 💸RIOT Increases Mining of BTC

JPMorgan has taken a dive straight into non-fungible tokens (NFT). The megabank gave away NFTs to attendees of its first “Crypto Economy Forum for TradFi Investors” event, which was held at the Wall Street giant’s New York headquarters earlier this week. Riot Blockchain (RIOT), one of the world’s largest bitcoin miners, raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s) from its previous forecast of 8.6 EH/s, marking the second increase to its 2022 estimate within a month. Riot attributed the increase to its purchase of 3,000 of Bitmain’s latest mining machines, the S19XP, which are expected to be delivered and deployed by December of next year, according to a statement. Navi Mutual Fund, which is backed by Flipkart co-founder Sachin Bansal, summited a draft filing with Indian market regulator Securities and Exchange Board of India (SEBI) to list a blockchain fund. Ritholtz Wealth Management and WisdomTree Investments are launching the RWM WisdomTree Crypto Index to give retail investors easier access to crypto investments via financial advisors, the companies announced Friday. The Index holds 36% bitcoin, 20% ether and 4% each of 11 “other cryptoassets that provide exposure to the broader crypto ecosystem,” according to a statement. 📚Books: https://www.amazon.com/s?k=reginald+seay&crid=XNP2FB40Q3TH&sprefix=reginald+seay%2Caps%2C232&ref=nb_sb_noss 📚 Course: https://market-marauders-complete-guides.teachable.com/p/the-complete-guide-to-cryptocurrency 📚Website: www.marketmarauders.net 🦩Twitter: @yourequest 😎Instagram: market_marauders 📧Email: [email protected] 🚧 DISCLAIMER🚧 I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view and/or hear on the channel.