#CryptoCorner #Podcast 541: #Stocks discussed (TSX: $HUT.TO) (NasdaqGS: $EQOS) (NasdaqCM: $FTFT) (CSE: $NC.C)
#CryptoCorner #Podcast 541: #Stocks
discussed (TSX: $HUT.TO) (NasdaqGS: $EQOS) (NasdaqCM: $FTFT) (CSE: $NC.C)
Hut 8 Pays Back $20M Loan, EQUOS
Launches ETH Perpetual Futures, Future #FinTech Granted #Blockchain Software
Copyrights, and NetCents Reports Feb Transaction Volumes
Point Roberts, WA, Delta BC March 4, 2021
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Stocks discussed: (TSX:HUT)
(NasdaqGS:EQOS) (NasdaqCM:FTFT) (CSE:NC)
Hut
8 Mining Corp. (TSX:HUT) announced that it has paid back its $20 million
USD loan with Genesis Global Capital LLC in full. The company’s CEO, Jaime
Leverton, commented:
"The benefits of this loan and
it's repayment for Hut 8 signal the execution of our multi-pronged strategy to
grow shareholder value. We look to reduce expenses without reducing the bitcoin
on our balance sheet. We look for revenue diversification strategies to provide
increased downside risk protection. This is what Hut 8 is about and what we
intend to keep doing as we grow."
EQUOS,
the institutional-grade cryptocurrency exchange of Diginex Limited (NasdaqGS:EQOS), has announced the launch of
its Ethereum (ETH) Perpetual Futures. According to the press
release, these futures are “designed to allow professional traders and
institutional investors to take a directional position on ETH using USDC as
collateral, in an environment that is fair and transparent.” Diginex CEO
Richard Byworth said:
"Derivatives, such as perpetual
futures, play a key role in the strategies of institutional investors and are
the preferred choice for many institutions when it comes to accessing
cryptocurrencies. As such, they are pivotal in the growth of the digital asset
class. We continue to add product to the platform allowing us to become a one
stop shop for digital assets for our client base. We are dedicated to driving
the rapid advancement and professionalization of the cryptocurrency derivatives
market."
Blockchain
e-commerce firm Future FinTech Group Inc. (NasdaqCM:FTFT) has received registration certificates for ten
software copyrights related to blockchain technology applications issued by the
China National Copyright Administration. Future FinTech CEO Shanchun Huang
explained:
"These software applications
could also be used in traditional manufacturing, e-commerce, the financial
industry and monetary payment systems which may substantially lower transaction
costs, reduce the consumption of human and material resources and create a
payment system that is more diverse and modernized. In addition, the software
applications will effectively promote the construction of an electronic
enterprise payment system and further help enterprises improve efficiencies and
reduce costs while making the use of digital financial services more
extensive."
NetCents
Technology Inc. (CSE:NC) has revealed its transaction volume results for
February 2021, indicating over $6,700,000 processed for the month. The
company’s founder and CEO, Clayton Moore, commented:
"These are exciting times at
NetCents. We started 2021 with the strongest month in NetCents' history. These
results demonstrate our plan of investing in industry-leading customer service
and marketing is paying off. Our performance proves our model is working and
our business is solid - we have great people and products in place to chart
continued growth in 2021. In a highly dynamic environment, what we are doing is
working. As we continue to execute on our strategic priorities, we believe we
are well-positioned to deliver sustainable growth over the long term."
Sam
Mowers, Investorideas
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