#CryptoCorner #Podcast 761: #Stocks discussed: (NasdaqCM: $EQOS) (TSXV: $SATO.V)

 

 

 

 

#CryptoCorner #Podcast 761: #Stocks discussed: (NasdaqCM: $EQOS) (TSXV: $SATO.V)

 

Eqonex’s Digivault Sees 30-fold Increase in Assets Under Custody, Canada Computational Unlimited Increases Hashrate, and Valkyrie Proposes ETF Based on Nasdaq-listed BTC Companies

 

Vancouver, Kelowna, Delta, BC January 26, 2022 -  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/2022/012622-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/01261EQOS-SATO.asp

 

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Stocks discussed: (NasdaqCM:EQOS) (TSXV:SATO)

 

Digivault, the digital asset custody business of Eqonex Limited (NasdaqCM:EQOS), has reported a 30-fold increase in assets under custody in the 2021 calendar year, owing to “strong demand for accredited and regulated crypto-industry service providers.” Digivault’s CEO Robert Cooper said:

 

"The value of digital assets along with the technology infrastructure that it supports can no longer be ignored, as reflected in the landmark increases in cryptocurrency participation we saw in 2021. But this increase in participation also put the spotlight on the risks of security breaches and hacks. Our business growth reflects this growing awareness by industry participants to be far more discerning in choosing accredited and regulated service providers.

 

In the year ahead, we will maintain our focus on lifting the industry standards, driving greater awareness of ways to safely participate in the marketplace and by protecting our customers by continuing to expand the list of assets we are able to securely store for them."

 

Canada Computational Unlimited Corp. (TSXV:SATO) has increased its hashrate by 269 percent from 63.65 PH/s to 235 PH/s in the month of December from the previous year. The company has also announced that it has increased CAPEX expenditures “which represent an investment of over $4M in current and future infrastructure.” The company has also recorded a  220 percent increase of year over year estimated revenues, and minted 57 Ether (ETH) in 2021. The company’s CEO and Chairman, Roman Nouzareth, said:

 

“The recent findings and our investment in infrastructure demonstrate that we are continuing to hit our targets and building shareholder value. The fact we were able to navigate through all the market volatility and stay on track, is a testament to our team and determination, and of course our shareholders and their confidence and support. I look forward to this next quarter as we continue to ramp up our operations and reinforce that SATO leads with efficiency and transparency."

 

Cointelegraph reports that Valkyrie, a crypto asset manager, has “filed an application with the United States Securities and Exchange Commission to trade an exchange-traded fund with exposure to Bitcoin (BTC) mining firms on the Nasdaq Stock Market.” This ETF will not invest directly in Bitcoin, but rather in securities of companies that “derive at least 50% of their revenue or profits” from BTC mining or providing hardware or software related to mining.

 

Sam Mowers, Investorideas

 

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