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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

 

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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

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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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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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Monday, November 23, 2020

Investorideas.com - Global Interest in Bitcoin on Google Grows by 108% to 12-Month High

Investorideas.com - Global Interest in Bitcoin on Google Grows by 108% to 12-Month High

Investorideas.com - Crypto Corner Episode 480: HIVE (TSXV: HIVE) Enters MOU to Acquire 50MW Data Centre Campus, PayPal (NasdaqGS: $PYPL) CEO Discusses Bitcoin on CNBC’s Squawk Box

Investorideas.com - Crypto Corner Episode 480: HIVE (TSXV: HIVE) Enters MOU to Acquire 50MW Data Centre Campus, PayPal (NasdaqGS: $PYPL) CEO Discusses Bitcoin on CNBC’s Squawk Box

#CryptoCorner Episode 480: HIVE (TSXV: $HIVE.V) Enters MOU to Acquire 50MW Data Centre Campus, PayPal (NasdaqGS: $PYPL)CEO Discusses #Bitcoin on CNBC’s Squawk Box

#CryptoCorner Episode 480: HIVE (TSXV: $HIVE.V) Enters MOU to Acquire 50MW Data Centre Campus, PayPal (NasdaqGS: $PYPL)CEO Discusses #Bitcoin on CNBC’s Squawk Box

 


Point Roberts, WA, Delta BC November 23, 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/2020/112320-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/11231HIVE-PYPL.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (TSXV:HIVE) (NasdaqGS:PYPL)

 

Bitcoin (BTC) has made it through the weekend with support at or above $18,000 relatively intact. It did, however, briefly dip down to a trading price of about $17,750 on Sunday, but has since recovered and is trading for roughly $18,475 at press time, according to data from CoinMarketCap. But Bitcoin is not alone in this recent rally. Many so-called altcoins, such as Ethereum (ETH) and XRP,  are seeing considerable upward movement, with both posting double-digit percentage gains in the past 24 hours. Also derived from CoinMarketCap’s data, Ethereum is up about 11 percent, and XRP is up 22.5 percent over yesterday, at press time.

 

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has entered into a non-binding, exclusive memorandum of understanding (MOU) with GPU.One Holding Inc. to purchase GPU Atlantic Inc., a new and state of the art 50 MW data centre campus located in New Brunswick, Canada. Frank Holmes, Interim Executive Chairman of HIVE, commented:

 

"We are excited about this opportunity for HIVE to expand our Canadian footprint through the acquisition of this data centre campus which has access to 50 megawatts of low-cost green power in Grand Falls, New Brunswick. Further, and important to building our vision, is the GPU.One team of young, skilled and proven data centre professionals with deep high density data centre build out and maintenance experience who will take on executive positions within HIVE's organization."

 

Gazprombank Switzerland, a subsidiary of Russian banking giant Gazprombank, has announced the launch of “a fully regulated cryptocurrency investment and account management solution for its clients,” done in collaboration with banking software firm Avaloq and crypto company Metaco. Gazprombank CEO Roman Abdulin said:

 

“We are delighted to announce the successful launch of our bespoke cryptocurrency offering. Our solution allows us to make transactions with cryptocurrencies as easy as transactions with traditional assets. Digital assets will become increasingly important for our clients and the global economy. We are pleased to work together with leading Swiss-based entities on the further development of the Swiss and global crypto and blockchain ecosystem.”

 

Dan Schulman, CEO of PayPal (NasdaqGS:PYPL), did an interview with CNBC’s Squawk Box, in which he explained the company’s plans for Bitcoin and cryptocurrency adoption:

 

“One of the things that we allowed is not just making it easy to buy, sell and hold cryptocurrencies, but very importantly, early next year, we’re going to allow cryptocurrencies to be a funding source for any transaction happening on all 28 million of our merchants. And that will significantly bolster the utility of cryptocurrencies.”

 

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

 

#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 ...