#CryptoCorner #Podcast Episode 514: #Stocks discussed: (NasdaqGS: $MARA) (NasdaqCM: $EQOS)

 

 

 

#CryptoCorner #Podcast Episode 514: #Stocks discussed: (NasdaqGS: $MARA) (NasdaqCM: $EQOS)

 

#Bitcoin Reclaims $34K After Weekend Slump, Marathon Buys $150 Million in BTC, Diginex Enters Partnership with GSR Markets, and Grayscale Donating $1 Million to #Crypto Advocate Coin Center

 

Point Roberts, WA, Delta BC January 25, 2021 -  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/2021/012521-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/01251MARA-EQOS.asp

 

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Stocks discussed: (NasdaqGS:MARA) (NasdaqCM:EQOS)

 

As we begin a new week, Bitcoin (BTC) is back in the green, having emerged from a slump that it entered last Thursday, according to data from CoinMarketCap. At press time, it is trading for about $34,350, up more than six percent in the last 24 hours. This is still well below Bitcoin’s all-time high trading price of around $42,000, reached on January 8, 2021. But Bitcoin is not alone in reaching an ATH this month, as Ether (ETH) has surpassed its trading price record (currently $1,467 in the last 24 hours) and has yet to see a Bitcoin-style downtick.

 

Marathon Patent Group, Inc. (NasdaqGS:MARA) has purchased 4,812.66 BTC, worth $150 million. The purchase was conducted with Bitcoin-focussed technology and financial services firm NYDIG. Merrick Okamoto, Marathon’s chairman & CEO, said:

 

“To date, we have contracted to purchase 103,060 miners, all of which are currently expected to be delivered and fully deployed by the end of the first quarter of fiscal 2022. If all miners were operational today, based on the Bitcoin network’s current difficulty rate, we would produce approximately 55-60 bitcoins per day. However, by leveraging our cash on hand to invest in Bitcoin now, we have transformed our potential to be a pure-play investment into a reality. I would like to thank the entire NYDIG team for offering their unique products and services for public companies, and for working with us to expedite this process and ensure the transaction was made on the best possible terms for our business and our shareholders.”

 

Digital assets financial services company Diginex Limited (NasdaqCM:EQOS) has entered into a strategic partnership with GSR Markets, the latter of which is described as “a leading global market maker for cryptocurrency spot and crypto derivative markets.” According to the press release, GSR will provide liquidity “in all markets from the recently launched BTC perpetual futures product,” on Diginex’s EQUOS crypto exchange, and will “play a critical role in supporting the rollout of Diginex's future product roadmap, which include dated futures and options.” Richard Byworth, CEO of Diginex, explained:

 

"As an exchange that avoids the conflict of interest of making markets against its own participants, the partnership with GSR is key to growing the depth and liquidity in all our trading pairs. GSR are one of the largest market makers in crypto and crypto derivatives, so longer term the partnership will evolve more broadly into liquidity provision around key offerings like options, structured products and borrowing and lending."

 

Grayscale Investments has announced that it will be donating $1 million to cryptocurrency non-profit research and advocacy center Coin Center, and pledged to match donations to Coin Center of up to an additional $1 million through next month. Michael Sonnenshein, CEO of Grayscale Investments, said:

 

“There’s not been a better time to invest in the growth of this industry, following a year which saw cryptocurrencies becoming recognized as a bona fide asset class, enjoying the participation of the broader investment community and notable financial services institutions.”

 

Sam Mowers, Investorideas

 

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