#CryptoCorner: HIVE (TSXV: $HIVE.V) Appoints New Board Member, Long #Blockchain (OTC: $LBCC) Signs Intent to Merge with Stran Promotional Solutions and Telegram Debuts Test Desktop Wallet for Gram Token
#CryptoCorner: HIVE
(TSXV: $HIVE.V) Appoints New Board Member, Long #Blockchain (OTC: $LBCC) Signs
Intent to Merge with Stran Promotional Solutions and Telegram Debuts Test
Desktop Wallet for Gram Token
Point Roberts, WA, Delta BC November 1,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
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Stocks discussed: (TYO:8473) (TSXV:HIVE) (OTC:LBCC)
SBI Holdings, Inc.
(TYO:8473) released a report
indicating its financial results in the six months ending on September 30,
2019. According to the report, SBI VC Trade – which includes the company’s
crypto asset exchange – contributed a surge in profits to 3.246 billion yen
(roughly $30 million USD) from a loss of 765 million yen ($7.1 million USD). An
excerpt from the report reads:
“SBI VC Trade, which became a subsidiary of SBI
SECURITIES from July of this year, has continued its steady performance, and
SBI Crypto, which performs crypto-asset mining, has maintained its
profitability. Other crypto asset-related businesses are in preparation, in
anticipation of the revisions in the Financial Instruments and Exchange Act,
and in the Payment Services Act, which are scheduled to be enacted in April
2020”
HIVE Blockchain
Technologies Ltd. (TSXV:HIVE) has appointed Mr. Dave Perrill
to its board of directors. According to the press release, “Perrill is the
founder and CEO of Compute North, a rapidly growing data center company that
offers low-cost and efficient infrastructure services for clients in the
blockchain, cryptocurrency mining and the broader high-performance computing
space”. Frank Holmes , HIVE's Interim Executive Chairman, commented:
"Mr. Perrill provides HIVE with significant
expertise in helping cryptocurrency miners maximize large-scale data center
operations with improved operational efficiency, a vast knowledge of the North
American electrical power and cryptocurrency mining environment, as well as IT,
information security, and business expertise. We are very pleased to welcome
him to the Board and add to our independent industry experience."
Long Blockchain
Corp. (OTC:LBCC) has entered into a non-binding
letter of intent to merge with private comprehensive branding and incentive
solutions-provider Stran Promotional Solutions. Andy Shape, CEO and a director
of LBCC as well as the President of Stran, commented:
“We’re excited to expand Stran’s visibility through
this proposed transaction. We bring more than 25 years of experience building
strong partnerships, cutting-edge technology solutions and innovative custom
branding programs that help our customers extend the loyalty of their brands.
We see this transaction as an ideal platform for further growth opportunities
for the Stran family – including our partners, customers, employees and current
and future shareholders.”
Messaging company
Telegram has debuted a test app desktop
wallet for its gram token. According to a report from CoinDesk, users can “get
testnet grams from a special Telegram bot, asking it to send from 5 to 20
tokens”. The TON blockchain project, which raised $1.7 billion via token sale,
was due to launch on October 31, but was prevented when the U.S. Securities and
Exchanges Commission (SEC) “deemed grams to be unregistered securities and
asked the court to prevent Telegram from delivering tokens to investors”.
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
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