Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Friday, July 29, 2022

#CryptoCorner #Podcast 869: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $BNXA.V)

 



 

 

#CryptoCorner #Podcast 869: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $BNXA.V)

 

Commentary on BTC from BitBull Capital CEO Joe DiPasquale, Bitfarms Completes Phase 2 of Bunker Expansion, and Banxa Announced Physical Entry into USA

 

Vancouver, Kelowna, Delta, BC July 29, 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.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast: 

https://www.investorideas.com/Audio/Podcasts/2022/072922-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/07291BITF-BNXA.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGM:BITF) (TSXV:BNXA)

 

Joe DiPasquale, CEO of BitBull Capital, has provided commentary to Investorideas.com addressing Bitcoin’s (BTC) recent rally:

 

Despite the 75bps rate hike and the GDP numbers in the negative, Bitcoin has rallied today, taking the market up with it. Market participants currently believe the FED will have to take a dovish stance very soon given the state of economic slowdown. However, the monthly close is something we will be watching closely as well as any retests of key supports around $19k to $20k. Successful bounces from that range could give bulls a solid foundation for a continued rally.

 

Indeed, according to data from CoinMarketCap, Bitcoin is trading for just under $24,000 USD at present, up from as low as about $20,800 just three days ago.

 

Bitfarms Ltd. (NasdaqGM:BITF) has completed the second phase of its expansion of The Bunker, “providing an additional 18 megawatts (MW) of capacity and boosting the Company’s corporate hashrate by 200 petahash per second (PH/s) to a total of 3.8 exahash per second (EH/s).” This, according to the press release, brings the company’s “current production above 16 bitcoin (BTC) per day.”Geoff Morphy, President and COO of Bitfarms, said:

 

“Completing Phase 2 of The Bunker expansion is a strategic milestone that contributed to growing our hashrate to 3.8 exahash per second (EH/s), up 5.5% from the beginning of July. Together with an additional 3 MW of low-cost hydropower that went online this month at our mining facility in Washington state, our total operating capacity is now 158 MW. Significantly, with our higher hashrate came an increase in our current production to 16.8 BTC/day, a 15% increase from 14.6 BTC/day at the end of June.”

 

Banxa Holdings Inc. (TSXV:BNXA) has announced its physical entry into the USA and submission of its first Money Transmitter License (MTL) applications. This was primarily motivated by the USA’s being the world's largest cryptocurrency market, to eliminate the need to leverage regulated intermediaries, and the “ability to have local credit card acquiring for higher conversions and increased revenue.” The company’s CEO, Holger Arians, said:

 

"Obtaining our own licenses and establishing a foothold in both Banxa's most critical market and the largest crypto market in general, is an important part of our core strategy which is to offer our partners and their users the most ways to enter and exit the digital asset space. Being firmly cemented in the USA is a huge achievement and critical to Banxa's mission of dominating this space."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

 Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories

 

No comments:

Post a Comment

UK regulation plans show crypto is mainstream, digital is future of finance

UK regulation plans show crypto is mainstream, digital is future of finance