#CryptoCorner Episode 450: NetCents (CSE: $NC.C) Exceeds $5 Million in August Transactions, Bitfarms (TSXV: $BITF.V) Completes Installation of 1,000 New Miners, Coinbase CEO Tweets Criticism of Apple (NasdaqGS: $AAPL)

#CryptoCorner Episode 450: NetCents (CSE: $NC.C) Exceeds $5 Million in August Transactions, Bitfarms (TSXV: $BITF.V) Completes Installation of 1,000 New Miners, Coinbase CEO Tweets Criticism of Apple (NasdaqGS: $AAPL)

 

 

Point Roberts, WA, Delta BC September 14, 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:  

https://www.investorideas.com/Audio/Podcasts/2020/091420-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/09141NC-BITF-AAPL.asp

 

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

 

Stocks discussed: (CSE:NC) (TSXV:BITF) (NasdaqGS:AAPL)

 

Bitcoin (BTC) appears to be on the move, having just this morning hit a trading price of around $10,650, the highest achieved since September 3, according to data from CoinMarketCap.

 

Crypto payments firm NetCents Technology Inc. (CSE:NC) has announced that it exceeded $5 million dollars in transactions through its NetCents platform in August, making for a 25 percent increase over July. The company’s founder and CEO, Clayton Moore, said:

 

"We believe that this record growth is not only a validation of our sales and marketing strategy with a focus on B2B merchants, but is a strong indication that we are fast becoming the payment platform of choice for cryptocurrency. Our rapid growth coupled with our product advancements indicate that 2020 will be an exceptional year. I'm thrilled to continue building the future of cryptocurrency payments with our team."

 

Bitfarms Ltd. (TSXV:BITF) has announced that the 1,000 new generation miners it reported leasing on August 20, are now installed and fully operational. These WhatsMiner 31S mining rigs are generating approximately 82 petahash per second of computing power, bringing the company’s overall mining efficiency to approximately 17.7 petahash per MW. According to the press release, Bitfarms now “plans to continue to upgrade as it secures additional equipment lease financing and will provide further operational updates as they occur.”

 

The CEO of US crypto exchange giant Coinbase, Brian Armstrong, was critical of Apple (NasdaqGS:AAPL) in a recent twitter thread, claiming that the latter’s app store is preventing certain functionalities. Armstrong tweeted:

 

Here is the issue. Apple has told us we cannot add the following functionality in our iOS apps: (1) the ability to earn money using cryptocurrency and (2) the ability to access decentralized finance apps (sometimes called DeFi apps or Dapps).

 

Why would Apple want to prevent people from earning money during a recession? They seem to not be ok with it, if it uses cryptocurrency. I'm not sure why. This is what our Coinbase Earn product does.

 

Elsewhere in the thread, Armstrong indicates that Coinbase has “tried discussing this through regular channels with Apple,” but that they “seem to be at a dead end.”

 

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 Crypto Corner is part of the Investor Ideas Membership content

 

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: https://www.investorideas.com/Audio/

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

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android  

 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800-665-0411

 

 

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