#CryptoCorner #Podcast 883: #Stocks discussed: (NYSEAmerican: $NILE) (NasdaqCM: $NCTY)
#CryptoCorner
#Podcast 883: #Stocks discussed: (NYSEAmerican: $NILE) (NasdaqCM: $NCTY)
Ethereum Merge Occurs,
BitNile Shares August Updates, and The9 Subsidiary Announces Launch of 4 New
Products
Vancouver, Kelowna, Delta, BC September
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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Stocks
discussed: (NYSEAmerican:NILE) (NasdaqCM:NCTY)
Yesterday saw the historic
Ethereum Merge, noting the full transition of the Ethereum (ETH) network to proof-of-stake (PoS).
According to coverage from Cointelegraph, this means specifically “the merging
of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer
… meaning the network will no longer rely on a proof-of-work (PoW) consensus
mechanism.” Eli Ben-Sasson, President and Co-founder of crypto and software
firm StarkWare, told Cointelegraph that ““the immediate importance of the Merge
is the dramatic effect on energy consumption,” and that the merge is “the first
step in a process that will lead to exceedingly widespread adoption of
Ethereum.” He went on to say:
“It
starts a chain reaction of changes. The end result will be the very broad use
of Ethereum’s computing power, and the general population using
blockchain-based apps in many different areas of life.”
BitNile Holdings, Inc. (NYSEAmerican:NILE) has published an unaudited update on its Bitcoin (BTC) production and miner installation for the
month of August. Highlights include the mining of 60.45 BTC, the bringing of
700 of the company’s new S19 XP Antminers online, a total of 12,669 miners in
possession, and a total of 3,920 miners installed in the new hosted facility in
Texas. Milton "Todd" Ault, III, BitNile’s Executive Chairman, said:
"We
kicked off our expansion of BTC mining in November 2021 when we announced purchase
agreements with Bitmain at the World Digital Mining Summit 2021 held in Dubai.
I am pleased to see the progress the team has made in building up our mining
capability. We are excited that we have started to receive the XP miners that
are environmentally friendly because of their reduced power usage."
The9 Limited (NasdaqCM:NCTY) has announced that its wholly-owned subsidiary,
NFTSTAR Singapore, which operates the Web3 metaverse platform NFTSTAR, will
launch four new products on October 15, 2022. These will include: an NFT
collection designated for the international soccer superstar Neymar Júnior, a
Web3 metaverse social platform "Playmaker", a Blockchain soccer game
called "Metagoal", and a sports prediction collecting game called
"Wonder Win".
Sam Mowers, Investorideas
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