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Crypto Corner Podcast 588: Stocks discussed: (TSX: HUT) (NasdaqGS: MGI) (TSXV: BITF)

Point Roberts, WA and Delta, BC – May 12, 2021 (Investorideas.com Newswire) 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.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/051221-CryptoMarket.mp3

Crypto Corner Podcast 588: Stocks discussed: (TSX: HUT) (NasdaqGS: MGI) (TSXV: BITF)

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Stocks discussed: (TSX:HUT) (NasdaqGS:MGI) (TSXV:BITF)

When we left off on the last Crypto Corner, Ether (ETH) had just posted a new all-time high trading price of $4,165 USD. Despite a dip back down to about $3,790 later on Monday (May 10), the Ethereum blockchain’s native cryptocurrency has once again reached a new all-time high, clocking in at $4,360 late last night, according to data from CoinMarketCap. At press time, Ethereum has a total market cap of just shy of $500 billion.

Hut 8 Mining Corp. (TSX:HUT) has applied for a listing of its common shares on the NASDAQ Global Market. CEO Jaime Leverton said:

“Since we filed our F-10 in March, we have been continuing to actively move forward with the NASDAQ listing process. We are incredibly excited about what this means for Hut 8 and are proud to pursue the opportunity to join the ranks of global technology companies listed in the U.S”

MoneyGram International, Inc. (NasdaqGS:MGI) has announced a new partnership with the largest licensed cryptocurrency cash exchange in the U.S., Coinme, Inc., to “enable the cash funding and payout of digital currency purchases and sales.” According to the press release, the “service will be available at select MoneyGram locations starting in the U.S. in the coming weeks,” “with plans to expand to select international markets in the second half of 2021.” Neil Bergquist, the CEO of Coinme, commented:

“MoneyGram has spent more than 80 years building one of the world’s largest P2P payment networks. By integrating its global infrastructure with our licensed crypto exchange technology, we can enable the purchase and sale of cryptocurrencies across its system using cash. This is a major milestone for the bitcoin and cryptocurrency communities, and for the millions of people who will benefit from a trusted, easy and affordable onramp to digital currency.”

Bitfarms Ltd. (TSXV:BITF) has signed an agreement with crypto mining equipment manufacturer MicroBT to become the latter’s first official service partner in Canada. This means that MicroBT customers can opt to send their equipment to Bitfarms for repairs instead of having to send it to China, thereby saving money on shipping fees and import duties. Vincent Zhang of MicroBT said:

“Bitfarms has been a great customer for MicroBT over the last few years and has collectively purchased and agreed to purchase nearly 65,000 MicroBT miners to date. We look forward to continuing to grow our relationship with Bitfarms, who have proven themselves to be one of the leading operators in North America and a great company to do business with.”

Sam Mowers, Investorideas

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