#CryptoCorner #Podcast 621: #Stocks discussed: (NYSE: $MS) (OTC: $GBTC) (TSXV: $HIVE.V) (CSE: $BIGG.C) (CSE: $LNK.C)

 

 

#CryptoCorner #Podcast 621: #Stocks discussed: (NYSE: $MS) (OTC: $GBTC) (TSXV: $HIVE.V) (CSE: $BIGG.C) (CSE: $LNK.C)

 

Morgan Stanley Buys 28,289 Shares of Grayscale Bitcoin Trust, Netcoins.ca Criticizes World Bank Take on El Salvador, and Link Global Enters Agreement with Atlas Mining Investments

 

Point Roberts, WA, Delta BC June 29, 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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https://www.investorideas.com/Audio/Podcasts/2021/062921-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/06291MS-GBTC-HIVE-BIGG-LNK.asp

 

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Stocks discussed: (NYSE:MS) (OTC:GBTC) (TSXV:HIVE) (CSE:BIGG) (CSE:LNK)

 

Morgan Stanley (NYSE:MS) has purchased 28,289 shares of Grayscale Bitcoin Trust (OTC:GBTC) according to a U.S. Securities and Exchange Commission (SEC) filing. The investment banking giant had previously given “a handful of its mutual funds the ability to invest indirectly in bitcoin through cash-settled futures contracts and Grayscale’s bitcoin trust,” according to CoinDesk.

 

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has announced that trading of its common shares on the Nasdaq's Capital Markets Exchange will begin on Thursday July 1, 2021, under the ticker symbol "HVBT."

 

Netcoins.ca, a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), released a statement today criticizing the position of the World Bank with regard to El Salvador's cryptocurrency plan. In particular, the World Bank is critical of El Salvador’s adoption of Bitcoin as a legal tender, citing its “environmental and transparency shortcomings.” Netcoins.ca President Mitchell Demeter said:

 

“It's not surprising the World Bank did not support El Salvador with the adoption of bitcoin. The World Bank was created to help developing countries grow and reduce their poverty by providing them with loans. In order to pay off the debt, these countries have to borrow even more loans creating a snowball effect of extreme poverty. With a Bitcoin Standard like the one El Salvador is preparing to implement, the IMF and the World Bank would be rendered useless.”

 

Link Global Technologies Inc. (CSE:LNK) has entered into a strategic co-mining agreement with Atlas Mining Investments Ltd, which includes a “40MW turnkey solution for hosting 12,000 of Atlas Mining's latest generation Bitcoin miners.” Link President and CEO Stephen Jenkins said:

 

"This 40MW, combined with the 10MW agreement disclosed June 24, 2021, brings us to 70% of our stated objective of 100MW in 2021. Link's modular, scalable approach is now becoming relevant in North American and Globally. We are seeing unprecedented levels of interest in expanding services. According to the June 24, 2021 status on btc.com, the world network output is 100 EH/s. The increase in Links hashing power means that Link would be providing approximately 2% of the current global hashrate."

 

Sam Mowers, Investorideas

 

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