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Crypto Corner Podcast 540: Stocks discussed: (NasdaqGS: $PYPL) (LSE: ARB) (CSE: $NC.C) (TSXV: $SCT.V) (OTCQX: $OBTC)

Bitcoin Back Above $50K, PayPal Possibly Buying Curv, Argo Blockchain Posts Record Revenue Growth, NetCents Announces JV Agreement with Vesto, Skychain Technologies Subsidiary Reaches Agreement to Sell Miners, and Osprey Bitcoin Trust Begins Trading on OTCQX

 

Point Roberts, WA and Delta, BC - March 3, 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/2021/030321-CryptoMarket.mp3

Crypto Corner Podcast 540: Stocks discussed: (NasdaqGS: $PYPL) (LSE: ARB) (CSE: $NC.C) (TSXV: $SCT.V) (OTCQX: $OBTC)

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Stocks discussed: (NasdaqGS:PYPL) (LSE:ARB) (CSE:NC) (TSXV:SCT) (OTCQX:OBTC)

Bitcoin (BTC), after over a week of pullbacks which saw it sink as low as around $43,000, appears to have possible reclaimed support above $50,000 in the past 24 hours, according to data from CoinMarketCap. Earlier this morning it crossed back over $50K and continued on to a peak of $52,535, before pulling back a bit to a current trading price of about $50,750.

CoinDesk reports that PayPal (NasdaqGS:PYPL) is said to be in the process of buying crypto custody firm Curv. It was previously reported that Curv was being sold for between $200 million and $300 million before a buyer was identified, but a source “from within the digital asset custody space” told CoinDesk that “PayPal is buying Curv for $500 million.” The source went on to tell CoinDesk:

“PayPal has made some great acquisitions in the past such as Venmo, and now they want to own something in crypto.”

Argo Blockchain (LSE:ARB) has reported record revenue growth for the month of February, having mined 129 Bitcoin or Bitcoin Equivalent, an improvement over 93 BTC mined in January. This put mining revenue in February at $6.04 million, up from $3.46 million in January 2021. The company’s CEO, Peter Wall, said:

"I’m thrilled that Argo has achieved another record month in both mining revenue and profits. A mining margin of 81 percent is a new milestone for Argo and we’re excited to see what the future holds as we continue to add to our BTC HODL. I’m also pleased to be the first publicly traded company that we know of to have their CEO paid in Bitcoin. Argo is paving the way for both mining companies and the cryptocurrency industry at large."

NetCents Technology Inc. (CSE:NC) has announced a Joint Venture technology license arrangement with Wyoming-based limited liability firm Vesto LLC, to “offer the most complete crypto banking-as-a-service offering on the market.” According to the press release, NetCents, upon regulatory approval, “intends on enabling Vesto's white-label crypto banking-as-a-service platform, via APIs and SDKs, to begin enabling its retail and institutional customers seamless access to Vesto's DeFi Protocols, among other strategic initiatives.”

MiningSky Technologies, the wholly-owned subsidiary of Skychain Technologies Inc. (TSXV:SCT), has reached an agreement with a crypto mining design and manufacturing company to sell Skychain ASIC mining machines. These miners are designed for commercial blockchain infrastructure equipment services, and according to the press release, “MiningSky will begin accepting orders for its model after this news release and throughout Q1 2021.”

Osprey Bitcoin Trust has begun trading on the OTCQX Best Market under the ticker OBTC. Greg King, CEO of Osprey Funds, said:

"By being traded on the OTCQX Market, OBTC is now accessible to more investors on more trading platforms."

Sam Mowers, Investorideas

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