Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Monday, November 30, 2020

Investorideas.com - Cryptocurrency Stock News: HIVE Blockchain Announces Webcast Details for Q2 F2021 Results on Tuesday December 1, 2020

Investorideas.com - Cryptocurrency Stock News: HIVE Blockchain Announces Webcast Details for Q2 F2021 Results on Tuesday December 1, 2020

#CryptoCorner #Podcast Episode 483: Canaan (NasdaqGS: $CAN) Reports Q3 Financial Results, and Ebang (NasdaqGS: $EBON) Acquires Authorization of Patent Tech in Korea

#CryptoCorner #Podcast Episode 483: Canaan (NasdaqGS: $CAN) Reports Q3 Financial Results, and Ebang (NasdaqGS: $EBON) Acquires Authorization of Patent Tech in Korea

 

 


Point Roberts, WA, Delta BC November 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/2020/113020-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/11301CAN-EBON.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:CAN) (NasdaqGS:EBON)

 

Since the last Crypto Corner on Friday, November 27, Bitcoin (BTC) has recovered considerably from its 12 percent drop witnessed on November 26 that brought its trading price as low as about $16,370, according to data from CoinMarketCap. In fact, at press time, Bitcoin is trading for about $19,750, or slightly above what is generally considered its all-time high trading price reached nearly three years ago in December 2017.

 

An article from CoinDesk, which puts this morning’s price peak even higher than CoinMarketCap at $19,786, indicates that “year to date, bitcoin has gained 167%,” and that following “its yearly lows in March, after crashing more than 50% in a single day, bitcoin has rallied more than 400%.” The article shares a comment from Kevin Kelly, co-founder of Delphi Digital:

 

“The significance of a new all-time high in dollar terms can’t be understated. Many skeptics have publicly denounced bitcoin for failing to reach a new high despite such a favorable macro backdrop so this is yet another testament to bitcoin’s staying power.”

 

High performance computing and crypto mining firm Canaan Inc. (NasdaqGS:CAN) has reported its unaudited financial results for the third quarter ended September 30, 2020. Highlights include 2.9 million Thash/s of total computing power sold, which represents a year-over-year decrease of 20.7 percent from 3.7 million Thash/s reported in Q3 2019, but a quarter-over-quarter increase of 13.4 percent from 2.6 million Thash/s in the Q2 of this year. Quanfu Hong, Canaan’s CFO, explained:

 

“The pandemic and resulting macroeconomic uncertainties continued to impact the production capacity of the global IC industry in the third quarter of 2020. However, the demand for mining machines in the market continued to rebound during the third quarter, and we have received a large number of pre-sale orders which are scheduled for delivery starting in the fourth quarter of 2020. Looking ahead, we remain committed to investing in areas that will further strengthen our collaboration with established IC manufacturers, enhance our inventory management, streamline our research and development initiatives, and generate lasting value for our shareholders.”

 

Bitcoin mining machine producer Ebang International Holdings Inc. (NasdaqGS:EBON) entered into a technology license agreement with Circle Line International Limited on November 27, 2020 to obtain the latter’s exclusive license of a proprietary patent in Korea. Dong Hu, Ebang’s Chairman and CEO, explained:

 

“We are excited to acquire the exclusive authorization of Korean Patent Reg. No. 10-2137956 from CL. The core of this patent is AsicBoost, a method that can increase performance of Bitcoin mining by about 20%. The performance gain is achieved through a high-level optimization of the Bitcoin mining algorithm which allows for drastic reduction in gate count on the mining chip. The exclusive authorization of this patent reflects our determination to continue to protect the legitimate rights and interests of patent holders and strive to maintain fair market competition, and is expected to lay a solid foundation for the Company’s continuous offering of leading Bitcoin mining machines.”

 

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

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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.

 

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Friday, November 27, 2020

#CryptoCorner #Podcast Episode 482: Bitfarms (TSXV: $BITF.V) Reports Q3 Financial and Operating Results and Libra (NasdaqGS: $FB) to Launch as USD-Backed Stablecoin in Early 2021

#CryptoCorner #Podcast Episode 482: Bitfarms (TSXV: $BITF.V) Reports Q3 Financial and Operating Results and Libra (NasdaqGS: $FB) to Launch as USD-Backed Stablecoin in Early 2021

 


Point Roberts, WA, Delta BC November 27, 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/2020/112720-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/11271Bitfarms-Libra.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (TSXV:BITF) (NasdaqGS:FB)

 

Bitcoin (BTC) is down. After nearing its all-time trading price high on Wednesday, the cryptocurrency fell around $3,000 from close to $19,400 to as low as about $16,470, according to data from CoinMarketCap. This roughly 12 percent drop is the biggest decline seen in the market since March of this year, when Bitcoin crashed from about $7,900 down to around $4,475. A report from CoinDesk quotes Ki Young Ju, CEO at analytics firm CryptoQuant:

 

“I think this is a correction before we break $20,000. Other long-term on-chain indicators like BTC and stablecoin reserve say the potential buying pressure still prevails so far.”

 

An article responding to the selloff and subsequent crash from Bloomberg outlines indications that Bitcoin is in a more robust position than its 2017 bull run and ensuing crash.The article quotes Mati Greenspan, chief executive of market advisory firm Quantum Economics in Tel Aviv:

 

“It’s different now. The last time we saw Bitcoin get this high, the blockchain was close to collapsing, but the network has had improvements since then.”

 

Bitfarms Ltd. (TSXV:BITF) has announced its financial and operating results for the third quarter ended September 30, 2020. Highlights include revenues of $6.8 million, gross mining profit of $1.6 million, and the entering into lease agreements for 3,000 Whatsminer Miners. Mauro Ferrara, Interim Chief Financial Officer of Bitfarms, said:

 

"As anticipated, the May 2020 Bitcoin Halving event negatively impacted most of our financial metrics for the quarter. However, gross mining profit and adjusted EBITDA remained in positive territory, and Bitcoin mining economics have stabilized and improved significantly subsequent to Q3. Operationally, we added one thousand WhatsMiner M31S in September, increasing mining computing power by approximately 82PH/s.”

 

The Financial Times reports that Libra, the digital payments project from Facebook (NasdaqGS:FB), may launch in the form of a U.S. dollar-backed stablecoin in January of 2021. The exact launch date is still unknown, and is pending on approval by the Swiss Financial Market Supervisory Authority (FINMA). Though beginning by being backed by the U.S. dollar, Libra will gradually see the addition of more fiat currencies into the basket of assets that go toward its value.

 

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

 

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Wednesday, November 25, 2020

Investorideas.com - Bitcoin Miners Rake in $353 Million in October 2020 Revenue

Investorideas.com - Bitcoin Miners Rake in $353 Million in October 2020 Revenue

#CryptoCorner Episode 481- Binance Sees Record Trading Volumes, PayPal (NasdaqGS: $PYPL) CEO on #Crypto Adoption, and Possible US Treasury Secretary Janet Yellen’s Views on #Bitcoin

#CryptoCorner Episode 481- Binance Sees Record Trading Volumes, PayPal (NasdaqGS: $PYPL) CEO on #Crypto Adoption, and Possible US Treasury Secretary Janet Yellen’s Views on #Bitcoin

 


Point Roberts, WA, Delta BC November 25, 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/2020/112520-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/11251Binance-PYPL.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:PYPL)

 

Bitcoin (BTC) continues to rise, having broken through past a trading price of $19,000 early on Tuesday, and at present is trading for about $19,230, according to data from CoinMarketCap. This, of course, brings Bitcoin very close to its all-time high, reached on December 17, 2017, and which has been measured variously from around $19,600 to as high as roughly $20,050. Peter Smith, co-founder and CEO of Blockchain.com, commented on the possible impact of a new all-time high to CoinDesk:

 

“We could see massive movements in the bitcoin price over Thanksgiving. A new all-time-high won’t be a surprise to some who’ve seen it as a ‘not if, but when’ scenario. It’s an inevitability, but the world will take notice, and that’s good for adoption.”

 

Concurrent with Bitcoin’s rally in trading price, Cointelegraph reports that crypto exchange giant Binance is witnessing its trading volume hit an all-time high of $37 billion in the past 24 hours. This represents an increase of 40.5 percent in the same 24-hour period. Also, the company’s Bitcoin futures open interest reached an all-time high of $1.17 billion, according to data from crypto analytics site Glassnode.

 

Financial news outlet the Wall Street Reporter recently published some industry leader commentary regarding digital payments. Among those included in the piece was Dan Schulman, CEO of PayPal (NasdaqGS:PYPL), who said:

 

“Over the next year, both the Venmo and PayPal apps will undergo a fundamental transformation intended to dramatically increase their functionality and drive engagement...This expanded suite of services will include enhanced direct deposit and check cashing, budget and savings tools, bill pay, investment alternatives, including crypto, subscription management, buy now, pay later optionality and all of Honey’s shopping tools from wish list, price monitoring, deals, coupons, and rewards…We recently announced that PayPal will allow account holders to buy, sell and hold cryptocurrencies first, in the U.S. and then expanding to international markets in the Venmo platform in the first half of next year…We will rapidly move at the beginning of next year and allow consumers to use cryptocurrencies as a funding instrument to shop across all 28 million of our merchants. This solution will not involve any additional integrations, volatility risk or incremental transaction fees for either consumers or merchants and will fundamentally bolster the utility of cryptocurrencies…”

 

On Monday the Wall Street Journal reported that President-elect Joe Biden intends to nominate former Federal Reserve Chairman Janet Yellen as the next U.S. Treasury Secretary. CoinDesk has assembled some of Yellen’s views on Bitcoin, indicating on the one hand her skepticism toward it:

 

“I will just say outright I am not a fan, and let me tell you why. I know there are hundreds of cryptocurrencies and maybe something is coming down the line that is more appealing but I think first of all, very few transactions [that] are actually handled by bitcoin, and many of those do take place on bitcoin are illegal, illicit transactions.”

 

…but happily also her reluctance to intervene in the market to stifle it:

 

“The Fed doesn’t have authority to supervise or regulate bitcoin in any way.”

 

 

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

 

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Contact Investorideas.com

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

#CryptoCorner #Podcast 679: #Stocks discussed: (TSX: $GLXY.TO) (NYSE: $IVZ) (OTC: $MIGI) (NYSE: $BTCM)

      #CryptoCorner #Podcast 679: #Stocks discussed: (TSX: $GLXY.TO) (NYSE: $IVZ) (OTC: $MIGI) (NYSE: $BTCM)   Galaxy Digital Part...