breaking Bitcoin, blockchain and crypto stock news

Monday, October 21, 2019

#CryptoCorner: Libra (Nasdaq: $FB) May Consider Fiat-Based Stablecoins, Bitmain Announces World’s Largest #Bitcoin Mine in Texas with DMG #Blockchain (TSXV: $DMGI.V)

#CryptoCorner:  Libra (Nasdaq: $FB) May Consider Fiat-Based Stablecoins, Bitmain Announces World’s Largest #Bitcoin Mine in Texas with DMG #Blockchain (TSXV: $DMGI.V)

Point Roberts, WA, Delta BC October 21, 2019 -, 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 .

Listen to today’s Crypto Corner Podcast:  

Stocks discussed: (NasdaqGS:FB)  (TSXV:DMGI) (NYSE:AA)

A report from Reuters indicates that Facebook (NasdaqGS:FB) may change its Libra strategy following considerable scrutiny from regulators and policymakers. Head of Libra David Marcus told a panel at a recent banking seminar that the firm was open to different approaches than the originally-intended basket of fiat currencies.

“We could do it differently. Instead of having a synthetic unit ... we could have a series of stablecoins, a dollar stablecoin, a euro stablecoin, a sterling pound stable coin, etc…

We could definitely approach this with having a multitude of stablecoins that represent national currencies in a tokenized digital form. That is one of the options that should be considered.”

Taiwanese electronics giant HTC (TWSE:2498) has launched the Exodus 1S, a blockchain phone that includes a crypto hardware wallet and a bitcoin node. The fully-running Bitcoin (BTC) node allows users to be a part of and grow the Bitcoin network. HTC’s Chief Decentralized Officer Phil Chen spoke to CNBC, explaining that running the node made it possible to “calculate the user’s balance and ensure that future transactions are verified, further ensuring that the balance is actually owned by the spender”. He went on to say:

“Initially considered a gimmick by some, crypto technology is the next frontier of smartphone innovation. For the smartphone category to grow again, we need more adoption of cryptophones.”

DMG Blockchain Solutions Inc. (TSXV:DMGI) has entered into a preliminary agreement with crypto hardware manufacturer Bitmain to manage the latter’s newly-announced mining facility in Rockdale, Texas. DMG’s CEO, Dan Reitzik, commented:

“Being chosen by the world’s leading bitcoin mining company is a great testament to the capabilities of DMG’s mining team. Over the past several months, Bitmain visited many large facilities throughout North America including DMG’s flagship facility in British Columbia, Canada. We look forward to working together to build and manage North America’s largest and most efficient mining facility, running the world’s most advanced crypto mining technologies.”

Bitmain’s mine currently boasts a 25MW capacity, with another 50MW under construction. The mine can potentially expand to a capacity of 300MW, which would make it the largest Bitcoin mine in the world. The mine’s land comprises 33,000 acres which is owned by the Aluminum Company of America, Alcoa (NYSE:AA). Clinton Brown, Rockdale Lead Project Manager for Bitmain, commented:

"We are excited to launch this facility, which is significant to Bitmain's global expansion plans. The stable and efficient energy resources in Texas are fundamental to the inevitable scale of growth for the cryptocurrency mining industry.”

Sam Mowers, Investorideas

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

About - News that Inspires Big Investing Ideas 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 podcasts are also available on iTunes,  Spotify, Tunein, Stitcher,, iHeartRadio and Google Play Music.

Visit the Podcast page at

Disclaimer/Disclosure: 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: Learn more about publishing your news release and our other news services on the newswire and
Global investors must adhere to regulations of each country. Please read privacy policy:

Cryptocurrency Disclaimer news content is not meant to be a solicitation to buy or sell cryptocurrencies and 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 content brand

Follow us on Twitter
Download our Mobile App for iPhone and Android  


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

No comments:

Post a Comment

Shiba Inu and Dogecoin Two Meme-Coins Positioned for Growth, Everlodge to Dominate $4.548B Real Estate Market

Shiba Inu and Dogecoin Two Meme-Coins Positioned for Growth, Everlodge to Dominate $4.548B Real Estate Market : Shiba Inu and Dogecoin Two M...