#CryptoCorner #Podcast 540: #Stocks discussed: (NasdaqGS: $PYPL) (LSE:ARB) (CSE: $NC.C) (TSXV: $SCT.V) (OTCQX: $OBTC)
#CryptoCorner
#Podcast 540: #Stocks discussed: (NasdaqGS: $PYPL) (LSE:ARB) (CSE: $NC.C)
(TSXV: $SCT.V) (OTCQX: $OBTC)
#Bitcoin
Back Above $50K, PayPal Possibly Buying Curv, Argo #Blockchain Posts Record
Revenue Growth, NetCents Announces JV Agreement with Vesto, Skychain
Technologies Subsidiary Reaches Agreement to Sell Miners, and Osprey Bitcoin
Trust Begins Trading on OTCQX
Point Roberts, WA, Delta BC March 3, 2021
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Stocks discussed: (NasdaqGS:PYPL)
(LSE:ARB) (CSE:NC) (TSXV:SCT) (OTCQX:OBTC)
Bitcoin
(BTC), after over a week of pullbacks which saw
it sink as low as around $43,000, appears to have possible reclaimed support
above $50,000 in the past 24 hours, according to data from CoinMarketCap.
Earlier this morning it crossed back over $50K and continued on to a peak of
$52,535, before pulling back a bit to a current trading price of about $50,750.
CoinDesk reports that PayPal (NasdaqGS:PYPL)
is said to be in the process of buying crypto custody firm Curv. It was
previously reported that Curv was being sold for between $200 million and $300
million before a buyer was identified, but a source “from within the digital
asset custody space” told CoinDesk that “PayPal is buying Curv for $500
million.” The source went on to tell CoinDesk:
“PayPal has made some great
acquisitions in the past such as Venmo, and now they want to own something in
crypto.”
Argo
Blockchain (LSE:ARB) has reported record revenue growth for the month
of February, having mined 129 Bitcoin or Bitcoin Equivalent, an improvement
over 93 BTC mined in January. This put mining revenue in February at $6.04
million, up from $3.46 million in January 2021. The company’s CEO, Peter Wall,
said:
"I’m thrilled that Argo has
achieved another record month in both mining revenue and profits. A mining
margin of 81 percent is a new milestone for Argo and we’re excited to see what
the future holds as we continue to add to our BTC HODL. I’m also pleased to be
the first publicly traded company that we know of to have their CEO paid in
Bitcoin. Argo is paving the way for both mining companies and the
cryptocurrency industry at large."
NetCents
Technology Inc. (CSE:NC) has announced a Joint Venture technology license
arrangement with Wyoming-based limited liability firm Vesto LLC, to “offer the
most complete crypto banking-as-a-service offering on the market.” According to
the press release, NetCents, upon regulatory approval, “intends on enabling
Vesto's white-label crypto banking-as-a-service platform, via APIs and SDKs, to
begin enabling its retail and institutional customers seamless access to
Vesto's DeFi Protocols, among other strategic initiatives.”
MiningSky
Technologies, the wholly-owned subsidiary of Skychain Technologies Inc. (TSXV:SCT), has reached an agreement with a crypto mining
design and manufacturing company to sell Skychain ASIC mining machines. These
miners are designed for commercial blockchain infrastructure equipment
services, and according to the press release, “MiningSky will begin accepting
orders for its model after this news release and throughout Q1 2021.”
Osprey
Bitcoin Trust has begun trading on the OTCQX Best Market under
the ticker OBTC. Greg King, CEO of Osprey Funds, said:
"By being traded on the OTCQX
Market, OBTC is now accessible to more investors on more trading
platforms."
Sam
Mowers, Investorideas
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