#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.


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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


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