Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Crypto Corner Episode 445: Canaan (NasdaqGS: $CAN) Reports Q2 Results, Signature Bank (NasdaqGS: $SBNY) Extends $20 Million in Loans to Digital Asset Firms

Bank of Korea Eyes Partner for Second Phase of CBDC


Point Roberts, WA and Delta, BC - August 31, 2020 ( Newswire), 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 Episode 445: Canaan (NasdaqGS: $CAN) Reports Q2 Results, Signature Bank (NasdaqGS: $SBNY) Extends $20 Million in Loans to Digital Asset Firms


Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:CAN) (NasdaqGS:SBNY)

Canaan Inc. (NasdaqGS:CAN) has reported its unaudited operating and financial results for the second quarter of 2020. The company's total net revenues reached $25.2 million, a 26.3 percent year-over-year decrease from the same period in 2019, which roughly corresponds with an 18.2 percent decrease in the company's total computing power sold from 3.2 million THash/s in Q2 2019, to 2.6 million THash/s in Q2 2020. Canaan Chairman and CEO, Nangeng Zhang, said:

"During the second quarter of 2020, the COVID-19 pandemic continued to impact the lives of people around the world and the Bitcoin halving event also caused significant volatility in Bitcoin prices. Nevertheless, we remained focused on strengthening our research and development capabilities, refining our product offerings, and executing our AI initiatives. These efforts enabled us to achieve meaningful financial and operational improvements on a sequential basis [in] the second quarter as well as helped to ensure that our products could maintain their positions at the cutting edge of technological innovation. Going forward, we are confident that our strong pipeline of next-generation products will continue to sustain our growth momentum in the future."

CoinDesk reports that Signature Bank (NasdaqGS:SBNY) extended around $20 million in loans under the federal Paycheck Protection Program (PPP) to "roughly 40 firms in the digital asset space." Signature Bank CEO Joseph DePaolo told CoinDesk:

"I believe I said it about a year and a half ago, that if you weren't into blockchain technology and the digital world in five years, you would have a problem as a bank. There's three and a half years left, and it may be sooner. I think the situation we have right now with this pandemic and the quagmire, it's going to make the public look at digital currencies."

The Korea Times reports that the Bank of Korea (BOK), South Korea's central bank, is gearing up to begin a pilot test of its own central bank digital currency (CBDC) system by the end of 2021. Having completed the first phase of the project last month, the BOK is now looking for a potential partner to help "establish a CBDC system architecture based on the first-phase research results." A central bank official told The Korea Times:

"The BOK will team up with a consulting partner to map out the overall work process and architecture to operate the digital currency system, and both sides will also come up with specific action plans to successfully establish the pilot system on time."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About - News that Inspires Big Investing Ideas is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

The Crypto Corner is part of the Investor Ideas Membership content

The podcasts are also available on iTunes, Spotify, Tunein, Stitcher,, iHeartRadio and Google Play Music.

Visit the Podcast page at

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy:

Cryptocurrency Disclaimer news content is not meant to be a solicitation to buy or sell cryptocurrencies and does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an content brand

Follow us on Twitter

Follow us on Facebook

Follow us on YouTube

Download our Mobile App for iPhone and Android



Get more Bitcoin and Blockchain Investor ideas - news, articles, podcasts and stock directories