#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $PYPL) (NasdaqGS: $COIN) (NasdaqGS: $HUT)
#CryptoCorner
#Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $PYPL) (NasdaqGS: $COIN)
(NasdaqGS: $HUT)
PayPal Introduces
Cryptocurrencies Hub, Coinbase Expands Canadian Business, and Hut 8 Reports
Quarterly Financial Results
Vancouver, Kelowna, Delta, BC August 14,
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.
Listen to today’s
Crypto Corner Podcast:
https://www.investorideas.com/Audio/Podcasts/2023/081423-CryptoMarket.mp3
Read this in full
at https://www.investorideas.com/news/2023/crypto-corner/08141PYPL-COIN-HUT.asp
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Stocks
discussed: (NasdaqGS:PYPL) (NasdaqGS:COIN) (NasdaqGS:HUT)
PayPal Holdings, Inc. (NasdaqGS:PYPL)
has introduced a new feature called Cryptocurrencies Hub, which it announced through an update to its terms and
conditions. The Cryptocurrencies Hub allows users to: buy, hold, sell, send,
and receive crypto assets, and convert between PYUSD (PayPal’s new stablecoin)
and another crypto asset. These new services will not initially be available to
all PayPal users, however. According to the terms and conditions, access to the
Cryptocurrencies Hub “depends on you having a personal PayPal account and a
Balance Account in good standing, and [PayPal] verifying the required
identifying information you provide.” Also, residents of Hawaii will not be
able to establish a Cryptocurrencies Hub at this time.
Coinbase (NasdaqGS:COIN) has announced its Canadian expansion, through its
partnership with Peoples Trust Company, and will now provide access to Interac e-Transfers to 100 percent of
Canadian Coinbase users, making it secure and simpler than ever to move money
in and out of accounts. This had been the most requested feature by Canadian
users, and will make depositing funds “free and almost instant.” Nana
Murugesan, Vice President, International and Business Development, Coinbase,
said:
"Canada
is well positioned to be a global leader in the cryptoeconomy thanks to the
high levels of crypto awareness, a passionate local tech ecosystem, and the
progress towards a strong regulatory framework. As Coinbase’s next Go Deep
Market, we are making significant investments to help Canadians access the
benefits of cryptocurrency."
Hut 8 Mining Corp. (NasdaqGS:HUT) has reported its financial results for the quarter
ended June 30, 2023. Highlights include revenues of $19.2 million CAD, the
mining of 399 Bitcoin (BTC), and an installed hashrate of 2.6 EH/s as
of June 30. The company’s CFO, Shenif Visram, explained:
"While
we continued to face mining challenges during the second quarter at Drumheller,
which are reflected in decreased revenue and fewer Bitcoin mined, we were
successful in strategically managing our costs. In our high performance
computing business, we signed a significant five-year contract during the
period, and will begin to realize that revenue later this year. In the
meantime, we have more than 1 MW of data centre capacity and existing
infrastructure readily available to meet customers' AI and other high
performance computing demands."
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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