#CryptoCorner #Podcast 596: #Stocks discussed: (NasdaqGS: $MARA) (TSX: $GLXY.TO)

 

 

#CryptoCorner #Podcast 596: #Stocks discussed: (NasdaqGS: $MARA) (TSX: $GLXY.TO)

 

#Crypto Makes Slight Comeback, Chinese Authorities Crackdown on Mining, Marathon Enters LOI with Compute North, and Galaxy Digital Acquires Vision Hill Group

 

Point Roberts, WA, Delta BC May 24, 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/2021/052421-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/05241MARA-GLXY.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:MARA) (TSX:GLXY)

 

The crypto market is largely in the green this morning after a weekend of further declines in trading prices, according to data from CoinMarketCap. Bitcoin (BTC), for instance, is trading for $37,875 USD, after having gotten as low as about $31,800. Similarly, Ether (ETH), after sinking to a depth of roughly $1,740, is trading for about $2,455. This puts Bitcoin up 13.5 percent and Ether up 25.5 percent in the last 24 hours.

 

Despite today’s slight bounceback, selloffs may continue in response to Chinese authorities’ cracking down on crypto mining. Reuters reports that “Huobi Mall, part of cryptocurrency exchange Huobi, said on Monday it suspended crypto mining that services mainland Chinese clients.” An excerpt from the Reuters piece explains:

 

The trigger for the initial crypto selloff appeared to come from toughening language from Chinese regulators last week, which stepped up further on Friday when a State Council committee vowed to crack down on miners in particular.

 

Marathon Digital Holdings, Inc. (NasdaqGS:MARA) has entered into a binding letter of intent with Compute North to host approximately 73,000 of Marathon’s previously purchased Bitcoin miners as part of a new 300-megawatt data center located in Texas. Marathon CEO Fred Thiel explained:

 

“Compute North is a long-term partner of ours, and by expanding our working relationship with them through this new agreement, we have now secured economical hosting arrangements for all 103,120 of our previously purchased Bitcoin miners. This agreement sets us on a clear path to becoming one of the largest, most efficient, and most environmentally conscious Bitcoin miners in North America. Additionally, the structure of this agreement is highly advantageous as it allows us to have the necessary infrastructure for our miners built without the capital expenditure, and it provides us with the flexibility to explore alternative locations, should we require them, while mitigating the risk of price increases.”

 

Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced that it has acquired premier investment consultant and asset manager in the digital asset sector Vision Hill Group. This move expands Galaxy Fund Management's digital asset class investment opportunities. Steve Kurz, Partner and Head of Asset Management at Galaxy Digital, said:

 

"Galaxy Fund Management is rapidly expanding its capabilities to ultimately provide institutional-grade exposure to every investable corner of digital assets so that institutions can easily get involved in this booming industry. Our acquisition of Vision Hill is an important milestone as Galaxy Fund Management's product suite continues to grow and as we further define the digital asset class."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news,  third party stock research , guest posts and original  articles and podcasts in leading stock sectors.  Learn about investing in stocks and get  investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Crypto Corner is part of the Investor Ideas Membership content

 

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

 

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800-665-0411

 

Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories