#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 - 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/2021/061721-CryptoMarket.mp3
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this in full at https://www.investorideas.com/News/2021/crypto-corner/06171NCTY-COIN-HIVE-PYPL.asp
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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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