#CryptoCorner: HIVE (TSXV:HIVE) Appoints New Board Member, Long Blockchain (OTC:LBCC) Signs Intent to Merge with Stran Promotional Solutions and Telegram Debuts Test Desktop Wallet for Gram Token
Point Roberts, WA and Delta, BC - November 1, 2019 (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 the cryptocurrency market.
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#CryptoCorner: HIVE (TSXV:HIVE) Appoints New Board Member, Long Blockchain) (OTC:LBCC) Signs Intent to Merge with Stran Promotional Solutions and Telegram Debuts Test Desktop Wallet for Gram Token
Stocks discussed: (TYO:8473) (TSXV:HIVE) (OTC:LBCC)
SBI Holdings, Inc. (TYO:8473) released a report indicating its financial results in the six months ending on September 30, 2019. According to the report, SBI VC Trade - which includes the company's crypto asset exchange - contributed a surge in profits to 3.246 billion yen (roughly $30 million USD) from a loss of 765 million yen ($7.1 million USD). An excerpt from the report reads:
"SBI VC Trade, which became a subsidiary of SBI SECURITIES from July of this year, has continued its steady performance, and SBI Crypto, which performs crypto-asset mining, has maintained its profitability. Other crypto asset-related businesses are in preparation, in anticipation of the revisions in the Financial Instruments and Exchange Act, and in the Payment Services Act, which are scheduled to be enacted in April 2020"
HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has appointed Mr. Dave Perrill to its board of directors. According to the press release, "Perrill is the founder and CEO of Compute North, a rapidly growing data center company that offers low-cost and efficient infrastructure services for clients in the blockchain, cryptocurrency mining and the broader high-performance computing space". Frank Holmes , HIVE's Interim Executive Chairman, commented:
"Mr. Perrill provides HIVE with significant expertise in helping cryptocurrency miners maximize large-scale data center operations with improved operational efficiency, a vast knowledge of the North American electrical power and cryptocurrency mining environment, as well as IT, information security, and business expertise. We are very pleased to welcome him to the Board and add to our independent industry experience."
Long Blockchain Corp. (OTC:LBCC) has entered into a non-binding letter of intent to merge with private comprehensive branding and incentive solutions-provider Stran Promotional Solutions. Andy Shape, CEO and a director of LBCC as well as the President of Stran, commented:
"We're excited to expand Stran's visibility through this proposed transaction. We bring more than 25 years of experience building strong partnerships, cutting-edge technology solutions and innovative custom branding programs that help our customers extend the loyalty of their brands. We see this transaction as an ideal platform for further growth opportunities for the Stran family - including our partners, customers, employees and current and future shareholders."
Messaging company Telegram has debuted a test app desktop wallet for its gram token. According to a report from CoinDesk, users can "get testnet grams from a special Telegram bot, asking it to send from 5 to 20 tokens". The TON blockchain project, which raised $1.7 billion via token sale, was due to launch on October 31, but was prevented when the U.S. Securities and Exchanges Commission (SEC) "deemed grams to be unregistered securities and asked the court to prevent Telegram from delivering tokens to investors".
Sam Mowers, Investorideas
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