Crypto Corner Episode 452: Hut 8 (TSX: $HUT.TO) Receives New Equipment, and Wirex Announces Multicurrency Card Launch with Support from Mastercard (NYSE: $MA)

Point Roberts, WA and Delta, BC - September 18, 2020 (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.

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Stocks discussed: (NasdaqGS:FB) (NYSE:HSBC) (TSX:HUT) (NYSE:MA)

The Libra Association, an independent member organization for Facebook's (NasdaqGS:FB) Libra project, welcomed crypto investment firm Blockchain Capital as its newest member today. Dante Disparte, Vice Chairman and head of policy and communications for the Libra Association, commented:

"As a member of the Libra Association, Blockchain Capital brings deep industry insight and a dynamic network of supporters as we work on building a blockchain-based payment system that supports responsible financial services innovation."

Yesterday, the Libra Association announced that it had appointed James Emmett as the Managing Director of its operating company subsidiary, Libra Networks LLC. Emmett, who previously served as CEO of banking giant HSBC (NYSE:HSBC), commented:

"As someone who is passionate about the opportunities for financial services and technology to make a real difference, I am delighted to be joining Libra Networks with a mission to enhance financial innovation and inclusion and to deliver the operationalization of the network."

Hut 8 Mining Corp. (TSX:HUT) has received its planned 1,000 M31S and 1,000 M31S+ machines on-site at its Medicine Hat facility, which together will have an output of 154 PH/s using approximately 6.7MW of power. Jimmy Vaiopoulos, the company's Interim CEO, said:

"With the recent press releases over the last six weeks including this new equipment being installed, the transfer of Clarke chips to Medicine Hat completed, and the transfer of management of both sites finalized, Hut 8 has increased its hash rate while lowering its cost to mine bitcoin, thereby strengthening its gross mining margins. Every dollar and bitcoin counts in the mining sector as we continue to upgrade our ASIC chips and strive to be one of the industry's lowest cost miners."

Crypto payments platform Wirex has announced the launch of its new multicurrency Wirex Card, supported by Mastercard (NYSE:MA). According to the press release, the card will be "linked to 19 secure crypto and traditional currency accounts in the Wirex app," allowing cardholders to "seamlessly spend multiple fiat and cryptocurrencies in day-to-day life without exchanging or offboarding."

Sam Mowers, Investorideas

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