Crypto Corner Podcast 541: Stocks discussed: (TSX: $HUT.TO) (NasdaqGS: $EQOS) (NasdaqCM: $FTFT) (CSE: $NC.C)
Hut 8 Pays Back $20M Loan, EQUOS Launches ETH Perpetual Futures, Future FinTech Granted Blockchain Software Copyrights, and NetCents Reports Feb Transaction Volumes
Point Roberts, WA and Delta, BC - March 4, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.
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Crypto Corner Podcast 541: Stocks discussed: (TSX:$HUT.TO) (NasdaqGS: $EQOS) (NasdaqCM: $FTFT) (CSE: $NC.C)
Stocks discussed: (TSX:HUT) (NasdaqGS:EQOS) (NasdaqCM:FTFT) (CSE:NC)
"The benefits of this loan and it's repayment for Hut 8 signal the execution of our multi-pronged strategy to grow shareholder value. We look to reduce expenses without reducing the bitcoin on our balance sheet. We look for revenue diversification strategies to provide increased downside risk protection. This is what Hut 8 is about and what we intend to keep doing as we grow."
EQUOS, the institutional-grade cryptocurrency exchange of Diginex Limited (NasdaqGS:EQOS), has announced the launch of its Ethereum (ETH) Perpetual Futures. According to the press release, these futures are "designed to allow professional traders and institutional investors to take a directional position on ETH using USDC as collateral, in an environment that is fair and transparent." Diginex CEO Richard Byworth said:
"Derivatives, such as perpetual futures, play a key role in the strategies of institutional investors and are the preferred choice for many institutions when it comes to accessing cryptocurrencies. As such, they are pivotal in the growth of the digital asset class. We continue to add product to the platform allowing us to become a one stop shop for digital assets for our client base. We are dedicated to driving the rapid advancement and professionalization of the cryptocurrency derivatives market."
Blockchain e-commerce firm Future FinTech Group Inc. (NasdaqCM:FTFT) has received registration certificates for ten software copyrights related to blockchain technology applications issued by the China National Copyright Administration. Future FinTech CEO Shanchun Huang explained:
"These software applications could also be used in traditional manufacturing, e-commerce, the financial industry and monetary payment systems which may substantially lower transaction costs, reduce the consumption of human and material resources and create a payment system that is more diverse and modernized. In addition, the software applications will effectively promote the construction of an electronic enterprise payment system and further help enterprises improve efficiencies and reduce costs while making the use of digital financial services more extensive."
NetCents Technology Inc. (CSE:NC) has revealed its transaction volume results for February 2021, indicating over $6,700,000 processed for the month. The company's founder and CEO, Clayton Moore, commented:
"These are exciting times at NetCents. We started 2021 with the strongest month in NetCents' history. These results demonstrate our plan of investing in industry-leading customer service and marketing is paying off. Our performance proves our model is working and our business is solid - we have great people and products in place to chart continued growth in 2021. In a highly dynamic environment, what we are doing is working. As we continue to execute on our strategic priorities, we believe we are well-positioned to deliver sustainable growth over the long term."
Sam Mowers, Investorideas
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