#CryptoCorner #Podcast 588: #Stocks discussed: (TSX: $HUT.TO) (NasdaqGS: $MGI) (TSXV: $BITF.V)
#CryptoCorner #Podcast 588: #Stocks
discussed: (TSX: $HUT.TO) (NasdaqGS: $MGI) (TSXV: $BITF.V)
Ethereum
(ETH) Hits Another New ATH, Hut 8 Applies
for Nasdaq Listing, MoneyGram Partners with Coinme, and Bitfarms Becomes First
Official MicroBT Service Partner in Canada
Point Roberts, WA, Delta BC May 12, 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
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https://www.investorideas.com/Audio/Podcasts/2021/051221-CryptoMarket.mp3
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this in full at https://www.investorideas.com/news/2021/crypto-corner/05122HUT-MGI-BIT.asp
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Stocks discussed: (TSX:HUT)
(NasdaqGS:MGI) (TSXV:BITF)
When
we left off on the last Crypto Corner,
Ether (ETH) had just posted a new all-time high
trading price of $4,165 USD. Despite a dip back down to about $3,790 later on
Monday (May 10), the Ethereum blockchain’s native cryptocurrency has once again
reached a new all-time high, clocking in at $4,360 late last night, according
to data from CoinMarketCap.
At press time, Ethereum has a total market cap of just shy of $500 billion.
Hut
8 Mining Corp. (TSX:HUT) has applied for a listing of its common shares on
the NASDAQ Global Market. CEO Jaime Leverton said:
"Since we filed our F-10 in
March, we have been continuing to actively move forward with the NASDAQ listing
process. We are incredibly excited about what this means for Hut 8 and are
proud to pursue the opportunity to join the ranks of global technology
companies listed in the U.S"
MoneyGram
International, Inc. (NasdaqGS:MGI) has announced a new partnership with the largest licensed
cryptocurrency cash exchange in the U.S., Coinme, Inc., to “enable the cash
funding and payout of digital currency purchases and sales.” According to the
press release, the “service will be available at select MoneyGram locations
starting in the U.S. in the coming weeks,” “with plans to expand to select
international markets in the second half of 2021.” Neil Bergquist, the CEO of
Coinme, commented:
"MoneyGram has spent more than 80
years building one of the world's largest P2P payment networks. By integrating
its global infrastructure with our licensed crypto exchange technology, we can
enable the purchase and sale of cryptocurrencies across its system using cash.
This is a major milestone for the bitcoin and cryptocurrency communities, and
for the millions of people who will benefit from a trusted, easy and affordable
onramp to digital currency."
Bitfarms
Ltd. (TSXV:BITF) has signed an agreement with crypto
mining equipment manufacturer MicroBT to become the latter’s first official service
partner in Canada. This means that MicroBT customers can opt to send their
equipment to Bitfarms for repairs instead of having to send it to China,
thereby saving money on shipping fees and import duties. Vincent Zhang of
MicroBT said:
"Bitfarms has been a great
customer for MicroBT over the last few years and has collectively purchased and
agreed to purchase nearly 65,000 MicroBT miners to date. We look forward to
continuing to grow our relationship with Bitfarms, who have proven themselves
to be one of the leading operators in North America and a great company to do
business with."
Sam
Mowers, Investorideas
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