#CryptoCorner: Hut8 (TSXV: $HUT.V) Files Material Change Reports Ahead of Tomorrow’s Landmark TSX Listing, PayPal (NASDAQ: $PYPL) Drops Out of Libra Association (NASDAQ: $FB)

#CryptoCorner:  Hut8 (TSXV: $HUT.V) Files Material Change Reports Ahead of Tomorrow’s Landmark TSX Listing, PayPal (NASDAQ: $PYPL) Drops Out of Libra Association (NASDAQ: $FB)

Point Roberts, WA, Delta BC, October 7, 2019 - 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 the cryptocurrency market.

Subscribe to Podcast RSS feed:

October 7 Crypto Corner

Stocks discussed: (TSXV:HUT) (NasdaqGS:PYPL) (NasdaqGS:FB)

Hut 8 Mining Corp. (TSXV:HUT), which will begin trading on the TSXV tomorrow, has announced the filing of seven material change reports related to prior related party transactions. According to the press release:

These transactions were for various purchases of BlockBox Data Center AC's from the Bitfury Group ("Bitfury"), amendments to the previously disclosed master purchase agreement and master service agreement with Bitfury, a loan agreement with Galaxy Digital Holdings Ltd., and a debt to equity transaction with Bitfury. Although Hut 8 previously press released this information, when it occurred, stating that transactions were with related parties, it did not file material change reports which have now been rectified in connection with a voluntary review by staff at the Ontario Securities Commission.

Hut 8 is a bitcoin mining company partnered with BitFury Group Limited in North America. It will be the first company to be listed via TSX Sandbox and the first blockchain or cryptocurrency company to be listed on the TSX.

CNBC reports that PayPal (NasdaqGS:PYPL) is leaving Facebook’s (NasdaqGS:FB) Libra Association. The news was revealed in a company statement on Friday, which said:

“PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”

PayPal made clear that they still support the Libra project in a broad sense. Dante Disparte, head of policy and communications for the Libra Association, said in an emailed statement:

“We recognize that change is hard, and that each organization that started this journey will have to make its own assessment of risks and rewards of being committed to seeing through the change that Libra promises.”

Speaking of Libra, the project does not have a fan in German Finance Minister Olaf Scholz, according to a report from local outlet Wirtschafts Woche. Scholz said he was “very, very critical” of Libra and explained that:

"A core element of state sovereignty is the publication of a currency, we will not leave it to private companies.”

Scholz is, however, very supportive of the idea of a digital Euro currency. He said:

"Such a payment system would be good for the financial centre [of] Europe and its integration into the world financial system.”

Bloomberg reports that crypto futures exchange CoinFLEX is issuing derivatives based on whether or not Libra will be operational by the end of 2020. The company is specifically offering physically-settled futures available on October 24, 2019 for an initial price of $0.30 USD. Mark Lamb, CoinFLEX CEO, commented:

“Facebook has the ability to rival the entire global banking system from day one, but, because of that fact, when that first day will be is far from certain. The political backlash has been brutal, and it’s anyone’s guess if Facebook will get this over the line.”

Sam Mowers, Investorideas

Read other editions of the  Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

More info on the sector:
Investor Ideas is positioning as a  leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

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 and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, 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 Podcast and  the AI Eye Podcast and column covering developments in AI. 

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.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Learn more about our news, PR and social media services at Investorideas.com

Follow us on Twitter https://twitter.com/Investorideas
Download our Mobile App for iPhone and Android  

Contact Investorideas.com

Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories