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Thursday, June 17, 2021

#CryptoCorner #Podcast 613: #Stocks discussed: (NasdaqCM: $NCTY) (NasdaqGS: $COIN) (TSXV: $HIVE.V) (NasdaqGS: $PYPL)




#CryptoCorner #Podcast 613: #Stocks discussed: (NasdaqCM: $NCTY) (NasdaqGS: $COIN) (TSXV: $HIVE.V) (NasdaqGS: $PYPL)


The9 Announces Account with Coinbase Custody, HIVE Receives Approval for Nasdaq Listing, Kraken Eyeing Public Listing, and PayPal Ventures Participates in TRM Labs $14M Funding Round


Point Roberts, WA, Delta BC June 17, 2021 -, 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:NCTY) (NasdaqGS:COIN) (TSXV:HIVE) (NasdaqGS:PYPL)


The9 Limited (NasdaqCM:NCTY) has announced a custody account with Coinbase Custody, a subsidiary of Coinbase (NasdaqGS:COIN). The press release explains:


The9 plans to deposit at Coinbase Custody part of its cryptocurrencies mined. The first batch will be 200 Bitcoin to be deposited into The9's segregated cold storage account at Coinbase Custody, which is an institutional-grade offline cold storage solution. The9 plans to increase deposits into this custody account, from time to time, as The9 mines more cryptocurrencies.


HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has received approval from the Nasdaq Stock Market LLC to list its common shares on the Nasdaq's Capital Markets Exchange. The company will, however, retain its listing on the TSX Venture Exchange.


BNN Bloomberg reports that crypto exchange giant Kraken “could go public in 12 to 18 months,” according to CEO Jesse Powell. Powell told Bloomberg TV:


“We’re on a mission to bring crypto to the world, and our valuation hopefully will be a reflection of our success in achieving that mission.”


Despite the recent selloff in the crypto market, Powell remains optimistic, saying:


“I’ve said one Bitcoin, one Lambo by the end of the year. It may be a Lambo with fewer options or a smaller engine at this point, but I think we’re still looking at very lofty price targets.”


Blockchain intelligence firm TRM Labs has announced the closing of its $14 million Series A funding round led by Bessemer Venture Partners, which included participation from the likes of PayPal Ventures, the venture capital arm of PayPal (NasdaqGS:PYPL). Peter Sanborn, Managing Partner at PayPal Ventures, commented:


"The team at TRM has built the next generation in blockchain intelligence software. TRM is the trust layer necessary for cryptocurrency to realize its full potential to make financial services more affordable, convenient and secure. TRM Labs serves as a critical piece of infrastructure to build a safe and accessible new financial system.”


Sam Mowers, Investorideas


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