#CryptoCorner #Podcast 543: #Stocks discussed (NasdaqGS: $PYPL) (OTC: $ARBKF) (TSXV: $BNXA.V)
#CryptoCorner #Podcast 543: #Stocks
discussed (NasdaqGS: $PYPL) (OTC: $ARBKF) (TSXV: $BNXA.V)
#Bitcoin
Up Following US Stimulus Announcement, PayPal to Acquire Curv, Argo Completes
Acquisition of 320 Acres in Texas, and Banxa Reports a 980% Increase in
Transaction Volume for February
Point Roberts, WA, Delta BC March 8, 2021
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Stocks discussed: (NasdaqGS:PYPL)
(OTC:ARBKF) (TSXV:BNXA)
Over
the weekend Bitcoin (BTC) went from a Saturday trading price low of
around $47,400 to as high as about $51,750 on Sunday, according to data from CoinMarketCap.
This was undoubtedly influenced by news yesterday that the US Senate had
approved a $1.9 trillion stimulus plan. Though Bitcoin dipped back down to a
low of about $49,500 earlier this morning, it has since rebounded and is
trading for roughly $51,100 at press time.
PayPal
(NasdaqGS:PYPL) has agreed to acquire Tel Aviv-based digital asset security
tech firm Curv “to accelerate and expand its initiatives to support
cryptocurrencies and digital assets.” The acquisition is expected to be
completed sometime in the first half of this year. Jose Fernandez da Ponte,
vice president and general manager, blockchain, crypto and digital currencies,
PayPal, said:
"The acquisition of Curv is part
of our effort to invest in the talent and technology to realize our vision for
a more inclusive financial system. During our conversations with Curv's team,
we've been impressed by their technical talent, entrepreneurial spirit, and the
thinking behind the technology they've built in the last few years. We're
excited to welcome the Curv team to PayPal."
Argo
Blockchain (OTC:ARBKF) has completed the acquisition of DPN LLC through a
merger with a wholly-owned subsidiary of Argo, and has consequently acquired
320 acres of land in West Texas, USA. According to the press release, this
“gives Argo access to up to 800-megawatts of electrical power, where Argo
intends to build a new 200mw mining facility over the next 12 months.” Argo’s CEO
Peter Wall commented:
"Argo’s purchase of land in Texas
represents a significant milestone for the Company and is a cause for
celebration. It not only gives us greater control over our mining operations
but also the ability to meaningfully expand our mining capacity on a large
scale. We now have access to some of what we believe is the cheapest renewable
energy worldwide, in a location where innovation in new technologies is
encouraged and incentivised."
Banxa
Holdings, Inc. (TSXV:BNXA) has announced a Total Transaction Value (TTV) for
February, 2021 of $70.4 million CAD, an increase of 980 percent from February
2020. The company’s CEO, Holger Arians, said:
"Since our launch in 2014, Banxa
has grown from strength to strength. The recent dip in the bitcoin market has
left our order volume unaffected, and our market share continues to increase.
As the company expands, our aim is to build our systems and teams for scale.
While we anticipated rapid growth, current market conditions are having us
revise our projections as we continue to exceed our own forecasts. We look
forward to 2021 and the unveiling of new products and offerings to better serve
our customers and partners."
Sam
Mowers, Investorideas
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