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Wednesday, July 1, 2020

#CryptoCorner Episode 420: Pundi X Adds PayPal (NASDAQ: $PYPL) Support to POS Device, BIGG (CSE: $BIGG.C) Launches BCH on QLUE Product and DMG (TSXV: $DMGI.V) Installs and Energizes 1,000 Miners


  
#CryptoCorner Episode 420: Pundi X Adds PayPal (NASDAQ: $PYPL)
Support to POS Device, BIGG (CSE: $BIGG.C) Launches BCH on QLUE Product and DMG (TSXV: $DMGI.V) Installs and Energizes 1,000 Miners


Point Roberts, WA, Delta BC July 1, 2020 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (NASDAQ: PYPL) (CSE: BIGG) (TSXV: DMGI)

Pundi X, a Singapore-based blockchain developer, has announced that its blockchain-based point-of-sale device, the XPOS, now supports PayPal (NasdaqGS:PYPL). This follows a company Twitter poll, wherein Pundi X asked followers to vote for their preferred mobile payment application for XPOS support. PayPal received a decisive 70 percent of the vote. Pundi X CEO and co-founder Zac Cheah commented:

"This is definitely exciting for us. To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream."

BIGG Digital Assets Inc. (CSE:BIGG) has launched Bitcoin Cash (BCH) as part of QLUE Release v1.16. QLUE (Qualitative Law Enforcement Unified Edge), is a product of BIGG subsidiary Blockchain Intelligence Group (BIG), and according to the press release “is used by Law Enforcement, Banks, Exchanges, ATM Operators to perform due diligence and blockchain security investigations at greater forensic depth by exploring where the related funds are coming from and going to, and the profiles of the entities involved.” Lance Morginn, President of BIG, commented:

“QLUETM is being touted by the industry as having the most user friendly interface which makes it a lot easier to onboard new law enforcement or compliance officers. The addition of BCH makes QLUETM even more valuable to our current and prospective customers for investigations thus expanding our revenue potential and market share of the crypto forensics market globally.”

DMG Blockchain Solutions Inc. (TSXV:DMGI) has installed and energized the previously announced purchase of 1,000 Micro BT M30 miners. At the time the purchase was announced, DMG CEO, Dan Reitzik, explained:
                   
"Our stated goal for self-mining in 2020 is 500 petahash of [the] latest ASIC mining technology. This deployment will add approximately 90 petahash to our existing fleet. We will continue to deploy more self-mining as opportunities arise. The new fleet is expected to be energized by mid-June 2020. The recent volatility in Bitcoin ("BTC") prices demonstrate why industrial miners need to constantly deploy the most efficient technologies. Our newest miners are very efficient, even at the current depressed BTC price."

According to today’s press release, “DMG’s current self-mining has now increased to 110 petahash.”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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Monday, June 29, 2020

#CryptoCorner Episode 419: BitMEX Launching Corporate Option, Core Scientific to Buy Over 17,000 Miners from Bitmain, and Mining Giant BHP (NYSE: $BHP) Completes $14 Million #Blockchain Trade



#CryptoCorner Episode 419: BitMEX Launching Corporate Option, Core Scientific to Buy Over 17,000 Miners from Bitmain, and Mining Giant BHP (NYSE: $BHP) Completes $14 Million #Blockchain Trade


Point Roberts, WA, Delta BC June 29, 2020 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:  
                                  


Stocks discussed: (NYSE:BHP)

BitMEX, the Hong Kong-based crypto derivatives giant, recently reported the launching of BitMEX Corporate, described in the announcement as an “account programme is a set of features and services designed to better serve our ever-growing segment of corporate customers.” The service boasts “tailored benefits for corporate clients,” including: corporate legal structure, enhanced service and security, accounting requirements, and an account audit service. An excerpt from the announcement reads:

‘Corporate’ accounts are simply the part of our customer base where the account owner is not an individual, but a company or other legal entity, and as such need different ownership structures for their accounts, ways for employees to access and manage those accounts on their behalf, additional security requirements, and so on.

Cointelegraph reports that AI and blockchain hosting provider Core Scientific has signed a deal to buy more than 17,000 S19 Antminers from Chinese crypto mining giant Bitmain. Russell Cann, Chief Customer Service Officer of Core Scientific, outlined the impetus for growing hash rates in North America to Cointelegraph:

“Our view is that this rise in interest and increase in capital allocation and investment can be attributed to the growing acceptance of crypto and/or digital assets as an investment asset class as well as the favorable investing characteristics of North America; specifically, the stable geopolitical and regulatory environment, suitable climatic conditions and multiple energy sources present.”

He went on to say:

“Importantly, with the collapse of energy pricing, the lower cost power areas in the US and Canada, are creating some unique project opportunities for larger-scale miners, like Core Scientific, to consider.”

Mining giant BHP Group (NYSE:BHP) has completed its first blockchain trade in iron ore – worth $14 million – with China Baoshan Iron & Steel Co Ltd, according to a report from Reuters. The transaction was executed on a blockchain platform developed by MineHub, which “processed contract terms, exchanged digital documents and provided real-time cargo visibility.” BHP sales and marketing officer Michiel Hovers said that “The bulk commodity industry needs a digital revolution to reduce physical documentation processes,” while MineHub’s Chief Executive Arnoud Star Busmann pointed out that ““Current pandemic events and fraud cases in the commodity trading industry are causing a step-change in the adoption of digital solutions.”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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Friday, June 26, 2020

#CryptoCorner Episode 418: Ebang Plans #Crypto Exchange and Mining Farms Following IPO, Hut 8 (TSX: $HUT.TO) Closes Underwritten Public Offering and EU Planning Crypto Regulations


  
#CryptoCorner Episode 418: Ebang Plans #Crypto Exchange and Mining Farms Following IPO, Hut 8 (TSX: $HUT.TO) Closes Underwritten Public Offering and EU Planning Crypto Regulations


Point Roberts, WA, Delta BC June 26, 2020 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (TSX:HUT)

As reported on the June 22 episode of Crypto Corner, Chinese Bitcoin mining manufacturer Ebang is gearing up for a listing on the Nasdaq Global Market later today under the ticker symbol “EBON.” Since then, the firm has spoken to Cointelegraph, revealing that after the listing it plans on “setting up a cryptocurrency exchange and mining farms.” A spokesperson told the publication:

“We will soon establish our own mining farms with [a] flexible cooperation model [...] as well as mining pools to sell our computing power and we will also start to set up [a] cryptocurrencies trading exchange.”

They went on to say:

“Credit is the most important point for establishing the cryptocurrencies trading exchange, and a Nasdaq listed company regulated by U.S. Securities and Exchange Commission should be able to strictly control the compliance and safety of the transaction."

Hut 8 Mining Corp. (TSX:HUT) has closed its previously announced underwritten public offering, and will use proceeds from it “for upgrading existing mining equipment with more efficient processing chips from MicroBT, one of the leading suppliers in the industry.”Jimmy Vaiopoulos, the company’s Interim CEO, said:

"Our team is thrilled to implement this upgrade and continue providing investors exposure to both bitcoin mining and bitcoin itself. We're proud to close the first prospectus offering by a cryptocurrency mining company in Canada and further improve Hut 8's lead as one of the largest public bitcoin miners."

In a speech on Tuesday, the European Union’s Executive Vice President of the European Commission for An Economy that Works for People, Valdis Dombrovskis, revealed that the EU is drawing up a new regulatory regime for digital currencies. An excerpt from the speech sheds some light on the character of these coming regulations:

For crypto-assets covered by the EU rules, there are several areas where we should adjust those rules to make sure that they remain fit for purpose.
Since distributed ledger technology evolves constantly, we will propose a pilot scheme to give some regulatory flexibility for experimentation – but well framed and under close supervisory oversight.
For those assets which are not covered, we will create a bespoke regime and a passport for markets in crypto-assets. The aim is to make sure that risks are addressed, and that investors and users have a clear understanding of them.
Overall, our approach will be proportionate and relate to the level of risk. That means lighter rules for less risky projects.
However, with crypto-assets like stablecoins - whose value is pegged to a currency like the euro or to a basket of currencies - we need to distinguish between ‘global stablecoins’ and those created by smaller start-ups and FinTech innovators.
If they reach a global scale, stablecoins are likely to raise additional challenges in terms of financial stability and monetary policy.
In these cases, because of their potentially systemic role, our rules will be stronger.
Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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Wednesday, June 24, 2020

#CryptoCorner: Episode 417: PayPal Fuels (NasdaqGS: $PYPL) #Crypto Rumours with Job Listings, Bithumb Planning IPO, Argo Expands Mining Capacity and HIVE (TSXV: $HIVE.V) Puts Newly Acquired Miners to Work




#CryptoCorner: Episode 417: PayPal Fuels (NasdaqGS: $PYPL) #Crypto Rumours with Job Listings, Bithumb Planning IPO, Argo Expands Mining Capacity and HIVE (TSXV: $HIVE.V) Puts Newly Acquired Miners to Work

Point Roberts, WA, Delta BC June 24, 2020 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (NasdaqGS:PYPL) (LSE:ARB) (TSXV:HIVE)

After the last Crypto Corner on Monday (June 22) it was reported on Cointelegraph that PayPal (NasdaqGS:PYPL) had posted job listings for crypto and blockchain experts on its official job board. This has fuelled rumours, according to the article, that the payments giant may be gearing up to “enable direct cryptocurrency purchases for its 305 million users.” Positions labelled “Technical Lead - Crypto Engineer” and a “blockchain research engineer” were posted. Elsewhere, an unnamed industry source told Coindesk:

“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo. They are going to have some sort of a built-in wallet functionality so you can store it there.”

South Korean crypto exchange Bithumb is planning an IPO with Samsung Securities as an underwriter, according to local outlet MoneyToday. The article indicates that an IPO may assist the Bithumb in overcoming “unsettled challenges such as opaque shareholder composition, uncertainty about business continuity, taxation issues, protection of investors, and social reputation issues.”

UK-based crypto miner Argo Blockchain (LSE:ARB) has announced an expansion of its mining capacity. On June 19, the company purchased 750 Bitmain Z11 mining units for $474,000, which are already operating at full capacity having been put into production immediately at the time of acquisition. Peter Wall, CEO of Argo Blockchain, said

“We firmly believe that cryptocurrencies are well-positioned to become an even larger asset class, and that the correct strategy is continued investment in mining infrastructure. Argo's existing fleet of Z11s have performed extremely well, and we are pleased to add more equihash mining capacity to our fleet of machines."

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has put into operation its recently acquired 1,090 Bitmain Antminer T17+ 58 Terahash per second (TH/s) SHA 256 mining machines at its green energy-powered bitcoin mining operation in Quebec. Adding this to the firm’s recently installed 750 Bitmain Antminer S17+ 73 TH/s machines, which are also operational at the Quebec facility, brings its aggregate operating hash rate to “approximately 118 PH/s and is estimated to be operating at a gross mining margin above 40%”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
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Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

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#CryptoCorner Episode 420: Pundi X Adds PayPal (NASDAQ: $PYPL) Support to POS Device, BIGG (CSE: $BIGG.C) Launches BCH on QLUE Product and DMG (TSXV: $DMGI.V) Installs and Energizes 1,000 Miners

    #CryptoCorner Episode 420: Pundi X Adds PayPal (NASDAQ: $PYPL) Support to POS Device, BIGG (CSE: $BIGG.C) Launches BCH on QLUE P...