#CryptoCorner #Podcast 560: #Stocks discussed: (NasdaqCM: $MARA) (TSXV: $DMGI.V) (TSX: $HUT.TO) (CSE: $GBLC.C)
#CryptoCorner #Podcast 560: #Stocks
discussed: (NasdaqCM: $MARA) (TSXV: $DMGI.V) (TSX: $HUT.TO) (CSE: $GBLC.C)
Marathon
Launches #Bitcoin Mining Pool with #Tech Solutions from DMG #Blockchain, Hut 8
Working with Luxor, and Graph Blockchain Deploys Capital Into Cardano
Point Roberts, WA, Delta BC March 31,
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.
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Stocks discussed: (NasdaqCM:MARA)
(TSXV:DMGI) (TSX:HUT) (CSE:GBLC)
Marathon
Digital Holdings Inc. (NasdaqCM:MARA) is launching North America’s first Bitcoin (BTC) mining pool that is fully compliant with
U.S. regulations, including anti-money laundering (AML) and the Office of
Foreign Asset Control’s (OFAC’s) standards. As of May 1, the company will start
directing 100 percent of its hashrate to the new mining pool, then on June 1,
the pool will begin accepting other U.S.-based Bitcoin mining companies.
DMG
Blockchain Solutions Inc. (TSXV:DMGI) has entered into a definitive license agreement to
provide technology solutions for Marathon and its new Digital Currency Miners
of North America (DCMNA) pool. According to the press release, “unique features
of DMG’s Blockseer pool technology include the ability to filter transactions
to ensure AML and OFAC compliance in anticipation of impending US regulations.”
Merrick Okamoto, Marathon’s chairman and CEO, explained:
“While institutional interest in
Bitcoin is accelerating, many large funds and corporations have expressed
concerns over purchasing Bitcoin that may have been tainted by nefarious
actors. Our pools’ initiatives are grounded on decentralization, transparency,
legal compliance with U.S. rules and regulations, and independent auditability
under U.S. auditing standards. While we appreciate some miners’ appetite for processing
transactions indiscriminately, it is our belief that as a publicly listed
company based in the United States, and as one focused on enabling more
institutional adoption of Bitcoin, it is our responsibility to follow U.S.
regulations. We believe that such regulatory compliant mining will allow us to
produce ‘clean’ Bitcoin, which will enable a greater number of institutions to
gain exposure to this new asset class, ultimately benefiting our organization,
our shareholders, and the broader network.”
Hut
8 Mining Corp. (TSX:HUT) is working with Seattle-based hashrate manager
Luxor Technology Corporation on hashrate best-price execution. Hut 8 has also
allocated a portion of its SHA-256 hashrate to Luxor to advance its recently
announced expansion into Ethereum (ETH) mining. Hut 8 CEO, Jamie Leverton, said:
"I'm excited to work with Luxor
because they are innovators in the mining services industry; they continue to
develop data driven products (Hashrate Index, Switch, Catalyst), are recognized
for their deep understanding and insight of the industry, and Luxor is North
American-based with a skilled and growing team. A pleasure to work with."
Graph
Blockchain Inc. (CSE:GBLC) has deployed capital, with the
allocation of $300,000, into Cardano’s native token ADA, for the purpose of staking. Paul Haber,
CEO of Graph Blockchain, said:
“As outlined in previous news
releases, Graph believes that in 2021, there is the potential for smart
contract platforms to implement solutions to facilitate mass adoption on
decentralized blockchains. Cardano is widely believed to be just the project to
accomplish this, and Graph is excited to add ADA, to the Company's list of
supported projects."
Sam
Mowers, Investorideas
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