#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

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