#CryptoCorner Episode 470: Huawei Launching Smartphone with Digital Yuan Wallet, NetCents (CSE: $NC.C) Increasing Credit Facility, and DMG (TSXV: $DMGI.V) Subsidiary Blockseer Launching #Bitcoin Mining Pool
Point Roberts, WA, Delta BC October 30, 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/2020/103020-CryptoMarket.mp3
Read this in full
at https://www.investorideas.com/news/2020/crypto-corner/10301Huawei-NetCents-DMG.asp
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (CSE:NC) (TSXV:DMGI)
Heading into
another weekend, and a new month, Bitcoin (BTC) is currently trading for about $13,250,
according to data from CoinMarketCap. Though this is a decline from this past week’s peak of around
$13,800, which Bitcoin reach on Tuesday, it still represents an increase from
one week ago, when it was trading for just below $13,000.
Cointelegraph reports that Chinese telecom
giant Huawei is launching a new smartphone that will feature “an integrated
hardware wallet for China’s central bank digital currency, the digital yuan.”
The Mate40 smartphone will also allow for dual offline transactions, wherein
users can “transfer funds simply by touching their devices together, even if
both are offline.” The Cointelegraph report is derived from an official post
from the company on Chinese microblogging website Weibo today. A translated
excerpt from that reads:
“#HuaweiMate40# series is the first smartphone that
supports digital RMB hardware wallet, hardware-level security, controllable
anonymity protection, dual offline transactions, bringing a new safe and
convenient payment experience.”
NetCents Technology
Inc. (CSE:NC) has increased its credit facility from $1.4
billion to $2 billion so as to facilitate continued merchant growth, a credit
card launch, and white label projects. According to the press release, the
increase will also enable the company to “have money in the market over an
extended period and be able to profit from arbitrage opportunities,” and allow
it “the capacity to eliminate volatility risk for all of its merchants.”
Clayton Moore, CEO of NetCents, commented:
"We think we are at that inflection point. Bitcoin
is coming out of the shadows and moving again into the spotlight, unfortunately
many missed the 300% run from the bottom. I do think it is ironic that JP
Morgan - whose CEO derided Bitcoin as a fraud in 2017, has published research
indicating millennials prefer Bitcoin to Gold as a store of value and inflation
hedge 'The older cohorts prefer gold, while the younger cohorts prefer Bitcoin
as an 'alternative' currency' they said."
Blockseer, a
subsidiary of DMG Blockchain Solutions Inc. (TSXV:DMGI), is launching a new North America-based Bitcoin
mining pool. The press release defines mining pools as “the software protocols
by which all miners connect to the various blockchains.” DMG’s CTO Adrian
Glover commented:
“I am very proud of the work of our development team
over the past year, to build and launch Blockseer’s pool platform. We built the
pool on the technology platform that drives our mine management platform, thus
creating a unified user experience for our customers, and enabling us to
quickly add features to both products. In the near-term future, we will be
providing audit ready reports and irrefutable proof of our customers’ mining
revenue, directly from our user interface. For DMG, the launch of the pool is
only the beginning, our team will continue to work hard on adding all of the
revenue, cost tracking and projection information that miners look for.
Following the same philosophy which we used in building our mine management
platform, we built the pool we wished our vendors had provided for us.”
Sam Mowers, Investorideas
For investors following the
sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
Investors can
trade these stocks and other ideas on
our site using our list of top stock trading apps including Robinhood , Acorn, Stash and others.
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
