#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 what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:  

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

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, 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 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

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