#CryptoCorner #Podcast 775: #Stocks discussed: (NYSE: $MA) (NasdaqCM: $HIVE) (NasdaqGS: $EBON)
#CryptoCorner
#Podcast 775: #Stocks discussed: (NYSE: $MA) (NasdaqCM: $HIVE) (NasdaqGS: $EBON)
Mastercard Expands
Consulting with Crypto Practices, HIVE Reports Record Quarterly Earnings, and
Ebang Launches Australian Crypto Exchange
Vancouver, Kelowna, Delta, BC February
15, 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/2022/021522-CryptoMarket.mp3
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Stocks
discussed: (NYSE:MA) (NasdaqCM:HIVE) (NasdaqGS:EBON)
Mastercard (NYSE:MA) has announced an expansion of its preeminent
payments-focused consulting service with new practices dedicated to Open
Banking, Open Data, Crypto & Digital Currencies, and Environment, Social
& Governance (ESG). According to the press release, the company’s
“consulting efforts with banks and merchants cover a range of digital currency
capabilities, from early-stage education, risk assessments and bank-wide crypto
and NFT strategy development to crypto cards and the design of crypto loyalty
programs.” Raj Seshadri, the President of Data & Services, at Mastercard,
said:
"Payments are just the beginning.
Over the past 20 years, we’ve worked with our customers across banking,
fintech, retail, travel and other sectors, helping them understand and navigate
every challenge and opportunity thrown their way. This evolution of consulting
is in recognition of the changing world and of our changing business. It’s
about helping customers navigate today’s challenges and anticipating what’s
next."
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has announced a record earnings report for the
third quarter ended December 31, 2021. Highlights include a quarterly revenue
of $68.2 million – an increase of 30 percent from the previous quarter, and a
net income of $64.2 million – up 7 percent from the prior quarter. Darcy
Daubaras, HIVE's CFO, explained:
"A year ago, we made the conscious
decision not to sell our mined cryptocurrency or undertake an expensive
financing when brokers were offering capital at 20% discounts or encouraging us
to borrow against our BTC and ETH assets at a 12% cost of capital
in the scramble by crypto mining companies to purchase more ASIC chips. HIVE's
modest equity funding's were done at prevailing market prices or premiums to
the stock price, and this has helped us generate the highest robust returns on
invested capital relative to our peers."
Ebang International Holdings Inc. (NasdaqGS:EBON) has today officially launched Ebonex Exchange, the company’s
cryptocurrency exchange in Australia. Ebang’s Chairman and CEO, Dong Hu,
commented:
“We believe that the mature business
environment and rigorous regulatory regime in Australia will have a great
positive impact on Ebonex Exchange’s prospects. We expect that the
cryptocurrency space is poised for significant growth as the market for trusted
platforms has grown significantly during the last year. Our objective is to
have the Ebonex Exchange become one of the premier markets in the
cryptocurrency space and to become a trusted platform for cryptocurrency
participants worldwide. The launch of Ebonex Exchange has opened up a whole new
market for the Fintech industry and is yet another critical milestone in the
Company’s strategic development.”
Sam Mowers, Investorideas
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