#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
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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
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investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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