#CryptoCorner #Podcast 599: #Stocks discussed: (NasdaqGS: $PYPL) (NasdaqCM: $RIOT) (OTC: $NDTAF) (TSXV: $BITF.V)

 #CryptoCorner #Podcast 599: #Stocks discussed: (NasdaqGS: $PYPL) (NasdaqCM: $RIOT) (OTC: $NDTAF) (TSXV: $BITF.V)

 

PayPal to Allow #Crypto Withdrawals, Riot Completes Acquisition of Whinstone US, and Bitfarms Reports Q1 Results

 

Point Roberts, WA, Delta BC May 27, 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: (NasdaqGS:PYPL) (NasdaqCM:RIOT) (OTC:NDTAF) (TSXV:BITF)

 

CoinDesk reports that PayPal (NasdaqGS:PYPL) will allow cryptocurrency withdrawals to third-party wallets. Speaking at CoinDesk’s Consensus 2021 conference, the company’s blockchain lead Jose Fernandez da Ponte said:

 

“We want to make it as open as possible, and we want to give choice to our consumers, something that will let them pay in any way they want to pay. They want to bring their crypto to us so they can use it in commerce, and we want them to be able to take the crypto they acquired with us and take it to the destination of their choice.”

 

On the subject of central bank digital currencies (CBDCs), da Ponte said:

 

“It absolutely makes sense that central banks will issue their own tokens. Sometimes we position the debate as CBDCs versus stablecoins, but it’s a bit of a fake debate. There is no trade-off. We think they will co-exist.”

 

Riot Blockchain, Inc. (NasdaqCM:RIOT) has completed its previously-announced acquisition of Whinstone US from Northern Data (OTC:NDTAF). Jason Les, CEO of Riot, commented:

 

“The successful acquisition of Whinstone marks the most significant milestone in Riot’s history, and firmly establishes the Company as a leading Bitcoin mining platform. With Whinstone’s preeminent infrastructure and best-in-class construction, development, and operations organization, Riot is extremely well-positioned to increase the scale and scope of its operations. We welcome the talented Whinstone employees to the Riot family, and I look forward to leading our combined team as we jointly execute upon the Company’s mission to become one of the most relevant and significant companies supporting the Bitcoin network and greater Bitcoin ecosystem.”

 

Bitfarms Ltd. (TSXV:BITF) has reported its financial and operational results for the first quarter ended March 31, 2021. Highlights include revenues of $28.4 million, a gross profit of $19.3 million, and the receipt and installation of 4,500 miners adding approximately 369 PH/s. The company’s CEO, Emiliano Grodzki, commented:

 

“In addition to reporting an outstanding operational and financial first quarter, we are proud to have been approved for listing on the Nasdaq Global Market tier and await final clearance to begin trading. Having its shares trading on the Nasdaq will provide Bitfarms exposure to new capital markets and a broader investing community.”

 

Sam Mowers, Investorideas

 

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