Point Roberts, WA and Delta, BC – July 2, 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:
Crypto Corner Podcast 624: (NasdaqGS: COIN) (NasdaqGS: HVBT) (NasdaqGS: NVDA) (TSX: GLXY)
Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:HVBT) (NasdaqGS:NVDA) (TSX:GLXY)
Coinbase Ventures, an investment arm of Coinbase (NasdaqGS:COIN), has led a seed funding round for Bitcoin (BTC)-enabling mobile-game platform Bling, according to a report from CoinDesk. The Bling platform comprises six games currently, and “as well as a software development kit (SDK) it will begin offering to other mobile game developers that includes a bitcoin rewards system, fraud detection and user value detection.” The bitcoin rewards system “uses Coinbase as a cash-out mechanism, and users must create a Coinbase wallet before they can earn any bitcoin rewards.”
HIVE Blockchain Technologies Ltd. (NasdaqGS:HVBT) has joined the NVIDIA (NasdaqGS:NVDA) Partner Network (NPN) Cloud Service Provider program and entered into purchase agreements for NVIDIA GPUs with a total contract value of more than $66 million. Frank Holmes, Executive Chairman of HIVE, said:
“HIVE has always had the ability to change course when required since being the first blockchain company to go public in 2017. Our investment in NVIDIA GPUs strengthens HIVE’s to remain nimble and gives us the power to pivot in this ever changing and dynamic industry.”
High performance GPU cards are key to HIVE’s long term strategy to build ‘HPC’ High Performance Data Centers which are growing in demand globally, while in the short term to be a more efficient Ethereum miner and to increase our hash power to produce more virgin Ether and HODL these assets on our balance sheet.
Galaxy Digital Holdings Ltd. (TSX:GLXY), after having participated in the Bitcoin Mining Council’s (BMC) first quarterly survey readout, has committed “to conducting business based on a strong sustainability framework that prioritizes responsible ESG practices.” The company’s representative on the BMC and Head of Mining, Amanda Fabiano, explained:
“I am excited to participate in the ongoing dialogue around Bitcoin’s energy mix and witness how our industry has voluntarily come together to promote transparency and share critical information with the public. Galaxy Digital is committed to reporting against our sustainability goals and guiding our clients along their sustainability journeys. We look forward to updating and educating the market and our stakeholders on our progress.”
Sam Mowers, Investorideas
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