Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Wednesday, February 1, 2023

UK regulation plans show crypto is mainstream, digital is future of finance

UK regulation plans show crypto is mainstream, digital is future of finance

Cryptocurrency Stock News: BitFrontier Capital Holdings (OTC: BFCH) announces signing of lease for new crypto mining facility

Cryptocurrency Stock News: BitFrontier Capital Holdings (OTC: BFCH) announces signing of lease for new crypto mining facility

#CryptoCorner #Podcast 923: #Stocks discussed: (NasdaqGM: $BITF) (CSE: $BIGG.C) (TSXV: $DMGI.V)

 



 

 

#CryptoCorner #Podcast 923: #Stocks discussed: (NasdaqGM: $BITF) (CSE: $BIGG.C) (TSXV: $DMGI.V)

 

Bitfarms Posts January Update, BIG Announces Milestones, and DMG Blockchain Solutions Reports Financial Results

 

Vancouver, Kelowna, Delta, BC February 1, 2023 -  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.

 

Today’s  podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2023/020123-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/02011BITF-BIGG-DMGI.asp

 

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Stocks discussed: (NasdaqGM:BITF) (CSE:BIGG) (TSXV:DMGI)

 

Bitfarms Ltd. (NasdaqGM:BITF) has posted a Bitcoin (BTC) production and mining operations update for January 2023. Highlights include the mining of 486 new BTC (daily average of 15.7 BTC), as well as the installation of 2,888 new MicroBT M30s into its Paraguay mining farm, adding a net 168 PH/s in total hashrate at the site. Geoff Morphy, the company’s CEO, explained:

 

“With our proven best in class operations, well-established corporate infrastructure and team firmly in place, we are excited about the prospects in 2023 for both organic and transactional expansion emerging from the industry downturn. In January, we continued to deliver steady performance amidst a period of macro headwinds and predominantly low BTC prices most of the month. Pursuing a disciplined approach to investment as the industry consolidates and recovers, we expect to benefit in 2023 and into the next halving event in 2024.”

 

Blockchain Intelligence Group (BIG), the crypto investigations and training subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced significant company and industry milestones in global crypto investigations. This includes the addition of new customers (including ClearBank Ltd., an “enabler of real-time clearing and Embedded Banking for financial institutions”), additional blockchain support, and new leadership hires. Lance Morginn, president at Blockchain Intelligence Group, commented:

 

“Growing security concerns, fraud and other nefarious activity have driven demand for crypto investigations tools and training. By equipping the investigator community with comprehensive tools coupled with education, we can ensure the continued trust and adoption in crypto and blockchain. Blockchain Intelligence Group stands ready to build on this forward progress and act as a resource as the industry matures, and there’s more to come.”

 

DMG Blockchain Solutions Inc. (TSXV:DMGI) has reported its fourth quarter and full fiscal-year financial results. Highlights include a full year revenue of $43.2 million CAD, and an increase in hashrate during fiscal year 2022 from 15 PH/s to 700 PH/s. Sheldon Bennett, the company’s CEO, said:

 

“DMG has successfully managed through a very difficult crypto currency market with bitcoin-Canadian dollar price declining 56% during our financial year 2022.   Despite these challenging market conditions, we outperformed many of our competitors, which experienced severe financial hardships as a result of the industry downturn and subsequent environment resulting from the FTX situation. Our prudent approach to drive growth while carefully managing our balance sheet enabled us to execute and continue to generate positive cash operating income. We ended the financial year with $10.5 million worth of cash and digital currency and no debt.”

 

Sam Mowers, Investorideas

 

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

 

Podcast sponsor: 

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

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UK regulation plans show crypto is mainstream, digital is future of finance

UK regulation plans show crypto is mainstream, digital is future of finance