Argo Blockchain shares: here’s what I’m doing now

first_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Harshil Patel owns shares in Argo Blockchain and Tesla. The Motley Fool UK owns shares of and has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Argo Blockchain (LSE:ARB) shares are on my radar again. The share price is up over 750% so far this year, the third-highest gain in the London Stock Exchange.Argo Blockchain shares are in the limelight this week after a supportive operational update for February and an announcement that CEO Peter Wall will receive his salary in Bitcoin. This could be seen as a sign of confidence in this digital cryptocurrency.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The operational update highlighted that Argo Blockchain mined 129 Bitcoin or Bitcoin equivalent (together, “BTC”) in February, compared to 93 BTC in January. BTC mined year-to-date is now 222, and the company hold a total of 599 BTC. So what does mean for revenues?Mining revenue increased 75% from £2.48m in January to £4.34m in February. This follows a 52% increase from December. It’s great to see such strong business momentum, but I was even more impressed to see mining margin grow to 81%. This was an already impressive 71% in January.Mining revenue is likely to increase further, in my opinion. Argo Blockchain is expanding operations and in recent weeks announced its intent to buy 320 acres of land in Texas to build a new 200 megawatt mining facility in the next 12 months. Argo believes this will provide access to “some of the cheapest renewable energy worldwide”.What I’m doing with Argo Blockchain sharesMost of my top share ideas are not linked to speculative assets. But I do currently own some Argo Blockchain shares. I bought a small amount in January in a speculative portion of my long-term investment portfolio. After several encouraging updates over the past few months, I would consider buying some more.However, at an almost £1bn valuation, I’m more hesitant than I was a few months ago. The performance of Argo Blockchain shares could rely on the highly volatile Bitcoin price. Bitcoin has gained over 70% year-to-date at time of writing, but that has included two near-30% declines during the period.Bitcoin and cryptocurrencies, in general, have gained in popularity in recent months. Aided by central bank quantitative easing that has weakened the value of fiat currencies, digital currencies have started to gain traction. They have also been supported by some high-profile CEOs and companies making purchases. In February, Tesla announced it had bought $1.5bn of Bitcoin. Elon Musk also remarked that Tesla could one day start accepting payments with Bitcoin.The risksBitcoin is highly speculative and carries great risk. In recent months, the Financial Conduct Authority (FCA) warned that investors should be “prepared to lose all their money” should their investment’s value collapse.As such, owners of Argo Blockchain shares should be aware of the link to the Bitcoin price. It works both ways, in my opinion.Additionally, there are technology risks. Argo Blockchain would need to keep up and stay ahead of competitors by investing in its technology. I understand that the useful life of a Bitcoin mining computer is three years, so more investment could be required over the coming years to sustain current mining efficiency. Argo Blockchain shares: here’s what I’m doing now I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Harshil Patel | Thursday, 4th March, 2021 | More on: ARB See all posts by Harshil Patellast_img read more

FDIC Clarifies Rules for Banks on Abandoned Foreclosures

first_img Share Save Abandoned Foreclosures Banks FDIC 2016-03-02 Brian Honea in Daily Dose, Featured, Foreclosure, News Tagged with: Abandoned Foreclosures Banks FDIC Related Articles March 2, 2016 4,419 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea  Print This Post Subscribe FDIC Clarifies Rules for Banks on Abandoned Foreclosures Servicers Navigate the Post-Pandemic World 2 days ago Previous: Existing-Home Sales Recovering From Temporary TRID Setback Next: Final Settlement Test Finds Servicers to be in Full Compliancecenter_img Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / FDIC Clarifies Rules for Banks on Abandoned Foreclosures Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago In a Financial Institution Letter issued on Wednesday, the Federal Deposit Insurance Corporation (FDIC) clarified its supervisory expectations in existing guidance for the risk-management practices when banks make the decision to discontinue foreclosure proceedings, which are commonly known as abandoned foreclosures.The FDIC noted in the letter that when banks stop the foreclosure process after it has already been started, the borrower may have already abandoned or stopped maintaining the property—which can often lead to accumulation of trash, blight, and crime, and have an adverse effect on the surrounding community.“The FDIC continues to encourage institutions to avoid unnecessary foreclosures by working constructively with borrowers and considering prudent workout arrangements that increase the potential for financially stressed borrowers to keep their properties,” the letter said. “When workout arrangements are unsuccessful or not economically feasible, existing supervisory guidance reminds institutions of the need to establish policies and procedures for acquiring other real estate that mitigate the impact the foreclosure process has on the value of surrounding properties.”When making the decision to discontinue the foreclosure process, institutions should have appropriate policies and procedures in place, according to the FDIC’s letter on Wednesday. Institutions should:Obtain and use the most current market value information on the property and use current valuation and other relevant information when making the decision to initiate, pursue, or abandon the foreclosure processImplement criteria for determining when their lien(s) should be released due to the financial considerations they may face due to stopping the foreclosure process. In some cases, the institution may face litigation.Notify appropriate state or local government authorities such as tax authorities, courts, or code enforcement departments of their decision to abandon the foreclosure process, and they must comply with all applicable state and local laws.Notify the borrower(s) that they will no longer be pursuing foreclosure, whether or not the mortgage holder has released the lien, the borrower has the right to occupy the property until a sale or title transfer occurs, and that the borrower is responsible for the remaining balance on the mortgage loan and for maintaining the property.Use reasonable means to contact the borrower in order to provide the notice described above, particularly in cases where the borrower vacated the property because the foreclosure process was initiated.Click here to view the entire Financial Institution Letter. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Football News Watch: Cristiano Ronaldo Scores Stunning Hat-Trick As Portugal Thump Lithuania 6-0 In Euro Qualifier

first_imgNew Delhi: Euro 2020 Qualifier, Portugal vs Lithuania: Cristiano Ronaldo scored his ninth international hat-trick as Portugal thumped Lithuania 6-0 in a Euro 2020 qualifier. This was the 55th hat-trick of his career. After opening the scoring from the penalty spot, Ronaldo lashed home a superb second goal from outside the box. Ronaldo got his hat-trick in the second half taking a cut-back from Bernardo Silva and firing home. Pizzi, Goncalo Paciencia and Silva scored the other goals in the one-sided Group B match.Cristiano Ronaldo has now moved to 98 goals for his country and could become only the second player to score a century of goals for his country after Iran’s Ali Daei. Ronaldo showed no sign of the knee problem that led to him being substituted in his previous two games for Juventus – prompting an angry reaction on the second occasion.Watch Goals And Highlights Of Portugal vs Lithuania Match: However, the defending European champions will have to wait to confirm their place at next year’s edition. Aleksandar Mitrovic’s brace kept Serbia’s hopes alive as they beat Luxembourg 3-2. Portugal are second with 14 points, one ahead of Serbia, and will qualify if they win in Luxembourg on Sunday. The Group B leaders, Ukraine, have already made the finals.In Group A, the Czech Republic joined England in qualifying for Euro 2020 from Group A by coming from behind to beat Kosovo 2-1. Elsewhere, France and Turkey made it to the Euro 2020 finals after the world champions came from behind to win 2-1 against Moldova. Turkey played a scoreless draw with Iceland finishing second in Group H. For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps.last_img read more