#CryptoCorner #Podcast 570: #Stocks Discussed (NasdaqGS: $COIN) (NYSEArca: $ARKK) (OTC: $AXAHY) (CSE: $LNK.C) (TSXV: $NDA.V)
#CryptoCorner #Podcast 570: #Stocks Discussed
(NasdaqGS: $COIN) (NYSEArca: $ARKK) (OTC: $AXAHY) (CSE: $LNK.C) (TSXV: $NDA.V)
Coinbase
Sees Volatile First Day of Trading, Three Ark Funds Buy $246M in COIN,
Insurance Giant AXA Switzerland Accepting BTC, and Pure Digital Power Secures
Renewable Energy from Solar Consultant
Point Roberts, WA, Delta BC April 15,
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/2021/041521-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2021/crypto-corner/04151COIN-ARKK-LNK-NDA.asp
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Stocks discussed: (NasdaqGS:COIN)
(NYSEArca:ARKK) (NYSEArca:ARKF) (NYSEArca:ARKW) (OTC:AXAHY) (CSE:LNK)
(TSXV:NDA)
Crypto
exchange giant Coinbase (COIN), which went public with a direct listing
on the Nasdaq yesterday, is trading for about $325 USD at press time, after a
volatile first day of trading in which it peaked at roughly $429 yesterday,
according to CNBC. The company’s market cap at one point
exceeded $100 billion, but is now sitting at about $61 billion.
Three
Ark Investment Management funds – Ark Innovation ETF (NYSEArca:ARKK), Ark Fintech Innovation ETF (NYSEArca:ARKF) and Ark Next Generation
Internet ETF (NYSEArca:ARKW) – bought a total of 749,205
Coinbase shares between them, worth about $246 million. CNN coverage of the story quotes BTIG managing
director and fintech analyst Mark Palmer:
"We believe COIN, the most
popular consumer-facing cryptocurrency exchange in the U.S., is positioned to
be a primary beneficiary of the increased adoption of Bitcoin and other digital
assets as it continues to scale in the U.S. and internationally."
European
insurance giant AXA (OTC:AXAHY) has become the first all-lines
insurer in Switzerland to allow clients to pay with Bitcoin (BTC), according to an announcement today. Claudia Bienentreu, Head
of Open Innovation at AXA Switzerland, said:
“This is AXA's response to growing
demand from its customers for alternative payment solutions, with new
technologies playing an ever greater role.”
Pure
Digital Power Corp., a joint venture between Link Global Technologies Inc. (CSE:LNK) and Neptune Digital Assets Corp. (TSXV:NDA), has signed a Letter Of Intent with “a solar
consultant, specializing in the adoption of renewable energy, for 20MW of power
and associated carbon credits.” This comes as part of the company’s commitment
“to positioning itself as the leader in clean energy BTC mining.” Link Global’s
President and CEO Stephen Jenkins commented
“The growth of solar power in Alberta
will keep sustainable energy in the forefront of BTC mining. With the increased
market adoption of BTC and the impending IPO of Coinbase, we see the
opportunity to expand our mining operations and secure long term sustainable
power."
Sam
Mowers, Investorideas
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