#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NYSE: $HSBC) (NasdaqCM: $RIOT) (NasdaqGS: $HUT)
#CryptoCorner
#Podcast: #Cryptocurrency #Stocks in the News: (NYSE: $HSBC) (NasdaqCM: $RIOT)
(NasdaqGS: $HUT)
HSBC Launches Crypto
Services in Hong Kong, Riot Platforms Secures Order for Next Gen Bitcoin
Miners, and Hut 8 Enters Hosting Agreement
Vancouver, Kelowna, Delta, BC June 26,
2023 - 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.
Today’s podcast is sponsored by Fintech
Company AppTech Payments Corp. (NasdaqCM:APCX).
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Stocks
discussed: (NYSE:HSBC) (NasdaqCM:RIOT) (NasdaqGS:HUT)
Cointelegraph reports that banking giant HSBC
(NYSE:HSBC) has introduced its first local cryptocurrency
services in Hong Kong. This includes making it possible for its customers to
buy and sell exchange-traded funds (ETFs) based on both Bitcoin (BTC) and Ether (ETH). These specific ETFs are listed on the
Stock Exchange of Hong Kong, and include CSOP Bitcoin Futures ETF, CSOP
Ethereum Futures ETF and Samsung Bitcoin Futures Active ETF. The aim of this
development is to expand local users’ exposure to cryptocurrencies in Hong
Kong. Notably, the article indicates that this follows recent media reports
suggesting in mid-June that the Hong Kong Monetary Authority pressured major
banks to accept crypto exchanges as clients.
Riot Platforms, Inc. (NasdaqCM:RIOT) has entered into a long-term purchase agreement
with MicroBT Electronics Technology Co., Ltd, a prominent manufacturer of
Bitcoin miners with production facilities in the United States, wherein it has
secured an initial order of 33,280 next-generation Bitcoin miners from the
latter. Jason Les, CEO of Riot, said:
“These
new models are among the most powerful and efficient miners ever made for
Bitcoin mining and are designed and produced specifically for immersion cooling
systems, such as those that will be used at our Corsicana Facility. These new
miners will contribute an additional 7.6 EH/s to Riot’s self-mining capacity
when fully deployed and will further enhance our already strong fleet
efficiency in advance of the upcoming Bitcoin halving.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has entered a hosting agreement for approximately
6,400 ASIC miners previously energized at its North Bay site. The agreement,
according to the press release, “includes a 3-month initial term which will
renew for successive one-month periods unless terminated by either party by
providing 30 days' notice.” The company’s CEO, Jaime Leverton, commented:
"Relocating
our miners will provide us with approximately 600 PH/s of additional installed
operating capacity. Once the machines are energized, our total installed
hashrate will increase to approximately 3.2 EH/s."
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
Bitcoin, Blockchain and Digital Currency Stocks Directory
Podcast sponsor:
AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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