#CryptoCorner #Podcast 650: #Stocks discussed: (NasdaqGS: $PYPL) (NYSE: $AMC) (NasdaqCM: $CLSK) (CSE: $GBLC.C)
#CryptoCorner #Podcast 650: #Stocks
discussed: (NasdaqGS: $PYPL) (NYSE: $AMC) (NasdaqCM: $CLSK) (CSE: $GBLC.C)
Venmo
Announces Cash Back to Crypto, AMC to Accept Bitcoin Payments for Movie
Tickets, CleanSpark Closes Acquisition of Georgia Data Center, and Graph
Blockchain to Acquire Optimum Coin Analyser
Point Roberts, WA, Delta BC August 10,
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/2021/081021-CryptoMarket.mp3
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this in full at https://www.investorideas.com/news/2021/crypto-corner/08101PYPL-AMC-CLSK-GBLC.asp
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Stocks discussed: (NasdaqGS:PYPL)
(NYSE:AMC) (NasdaqCM:CLSK) (CSE:GBLC)
Venmo, the mobile payments service
provider owned by PayPal (NasdaqGS:PYPL), has announced a feature called Cash Back to Crypto. This allows Venmo Credit Card customers to
automatically purchase cryptocurrency from their Venmo account using cash back
earned from their card purchases. Darrell Esch, SVP and GM, Venmo, explained:
"The
introduction of the Cash Back to Crypto feature for the Venmo Credit Card
offers customers a new way to start exploring the world of crypto, using their
cash back earned each month to automatically and seamlessly purchase one of
four cryptocurrencies on Venmo. We're excited to bring this new level of
feature interconnectivity on the Venmo platform, linking our Venmo Credit Card
and crypto experiences to provide another way for our customers to spend and
manage their money with Venmo."
Deadline reports that AMC Entertainment Holdings,
Inc. (NYSE:AMC) will begin accepting Bitcoin (BTC) payments for movie tickets in the U.S.
and concessions ordered online “by the end of the year.” In a webcast, the
company’s CEO, Adam Aron, made note of the enthusiasm for crypto from its “big
new crop of retail investors.”
CleanSpark, Inc. (NasdaqCM:CLSK) has closed on its acquisition of an additional nearly 87,000 square
foot data center in Norcross, Georgia, increasing its Bitcoin mining operation.
CleanSpark President and CEO Zach Bradford explained:
"This
facility, with its 20 MW of power, will allow us to put over 6,000 additional
S19s into operation. It is expected to produce over 650 PH/s upon installation.
Based on current difficulty rates, this processing power would result in an
additional 5 to 6 bitcoins per day. This, along with our other initiatives, is
expected to result in 2.0 EH/s by the end of 2021, which, at current difficulty
rates, would result in 17 to 18 bitcoin per day."
Graph Blockchain Inc. (CSE:GBLC) has entered into a binding letter of intent in
connection with the proposed acquisition of Optimum Coin Analyser Inc.,
described as “an AI based Crypto Coin Analytics tool company.” According to the
press release, “Optimum continuously retrieves, observes, and analyzes social
media data using AI analytics engine to track influencers, monitor, and to
provide sentiment, relevance, and predictive analysis.”
Sam
Mowers, Investorideas
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