CryptoStar Corp V.CSTR

Alternate Symbol(s): CSTXF

Technology Information Technology Services

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin). The Company operates through three segments: self-mining, hosting and miner sales. The Company is the supplier of graphics processing unit (GPU) and Australian securities and investments commission (ASIC) miners & hosting solutions worldwide. The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc., CryptoStar USA, Inc., and Neuro Digital Inc.

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CryptoStar Corp

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Post by Charts1on Nov 13, 2021 10:15pm

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Post# 34124113

CSTR.C. Bitcoin hot topic

Bitcoin price to go wild in anticipation of Taproot upgrade and spot ETF approval

CRYPTOS | 11/12/2021 12:38:29 PM GMT

Bitcoin price has recovered from a drop below $65,000 ahead of BTC's first upgrade in four years.
As Bitcoin becomes more focused on privacy, holders expect the upgrade to fuel BTC's end-of-year rally.
Two key events, the Taproot upgrade and the SEC's decision on the VanEck Bitcoin spot ETF, are lined up ahead of November 14.

Analysts expect higher volatility in Bitcoin prices ahead of two key events. The approval of a Bitcoin spot ETF could be a watershed moment for the biggest cryptocurrency, while the Taproot upgrade is expected to provide a higher adoption rate for BTC.

Bitcoin prepares for massive rally ahead of key upgrades

Bitcoin price dropped by over $6,000 on November 11, as Cardano, Solana and Polkadot geared up for a comeback. Important updates in the Ethereum-killer's networks drove prices higher, and analysts expected a spike in volatility, which held down BTC price. The largest asset by market capitalization has now recovered from the drop and is trading above $65,000 at the time of writing.