Bitcoin Short Squeeze Puts Crypto Stocks Back in the Spotlight

VANCOUVER, B.C., July 29, 2021 /PRNewswire/ — USA News Group - Chinese’ regulators crackdown on Bitcoin mining and Elon Musk’s comments on BTCs environmental sustainability contributed to the highest number of short positions as bitcoin’s price fell dramatically by over 50% to a low of $28,893. However, Bitcoin and other digital assets are rebounding after rumors about big tech plays such as Apple joining the market. Bitcoin, for example, recorded a remarkable increase from last Sunday to Monday which saw it briefly top $40,000 for the first time since June. With the prices of digital assets increasing, investors are holding their breaths for a possible short squeeze. Meanwhile, stocks like Mobilum Technologies Inc. (CSE:MBLM) (OTC:TEXCF), Marathon Digital Holdings Inc. (NASDAQ:MARA), DMG Blockchain Solutions (TSXV:DMGI), Riot Blockchain Inc. (NASDAQ:RIOT), and Hut 8 Mining Corp (NASDAQ:HUT) are positioned to benefit from the rising value of digital assets.

Mobilum To Launch a Hosted On-Ramp and Off-Ramp Solution for Matic and Polygon -  Technology driven payment service provider, Mobilum Technologies Inc. (CSE:MBLM) (OTC:TEXCF) announced a memorandum of understanding to partner with Matic. The two companies will be partnering to develop a hosted on-ramp and off-ramp solution for Matic developers and users. Matic’s Polygon protocol and framework supports building and developing blockchain networks compatible with Ethereum. It provides the core components and tools to allow users to scale their decentralized applications.

Polygon combines the flexibility, sovereignty, and scalability of stand-alone blockchains with the developer experience, interoperability, and security of the Ethereum blockchain to create a fully-fledged multi-chain system. In addition to these features, Polygon is compatible with Ethereum’s existing tools and can exchange messages with Ethereum.

Billionaire Mark Cuban is one of the Polygon users already investing in the platform. In his own words, Mark Cuban describes Polygon as “the first well-structured easy-to-use platform for Ethereum scaling and infrastructure development.” Cuban also plans to integrate Polygon into Lazy.com, his platform that allows users to display their NFTs.

Users will be able to purchase MATIC (Polygon), MATIC (ERC-20) tokens, and USDC stablecoins using their credit card without having to set up an account on a cryptocurrency exchange.

The platform will also allow developers to integrate their Dapps with Mobilum’s fiat-to-crypto on-ramp solution to allow their users to purchase polygon tokens and other cryptocurrencies without leaving their DApps.

Mobilum is creating an off-ramp widget to enable Matic users to redeem their Polygon tokens and other cryptocurrencies for gift cards in over 80 different countries and more than 2,000 retail brands at zero fees. Matic developers will also be able to integrate the widget inside their DApp.

Mobilum expects to launch the hosted on-ramp…