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Crypto Corner Podcast 543: Stocks discussed: (NasdaqGS: $PYPL) (OTC: $ARBKF) (TSXV: $BNXA.V)

Bitcoin Up Following US Stimulus Announcement, PayPal to Acquire Curv, Argo Completes Acquisition of 320 Acres in Texas, and Banxa Reports a 980% Increase in Transaction Volume for February

 

Point Roberts, WA and Delta, BC - March 8, 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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https://www.investorideas.com/Audio/Podcasts/2021/030821-CryptoMarket.mp3

Crypto Corner Podcast 543: Stocks discussed: (NasdaqGS: $PYPL) (OTC: $ARBKF) (TSXV: $BNXA.V)

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Stocks discussed: (NasdaqGS:PYPL) (OTC:ARBKF) (TSXV:BNXA)

Over the weekend Bitcoin (BTC) went from a Saturday trading price low of around $47,400 to as high as about $51,750 on Sunday, according to data from CoinMarketCap. This was undoubtedly influenced by news yesterday that the US Senate had approved a $1.9 trillion stimulus plan. Though Bitcoin dipped back down to a low of about $49,500 earlier this morning, it has since rebounded and is trading for roughly $51,100 at press time.

PayPal (NasdaqGS:PYPL) has agreed to acquire Tel Aviv-based digital asset security tech firm Curv "to accelerate and expand its initiatives to support cryptocurrencies and digital assets." The acquisition is expected to be completed sometime in the first half of this year. Jose Fernandez da Ponte, vice president and general manager, blockchain, crypto and digital currencies, PayPal, said:

"The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system. During our conversations with Curv's team, we've been impressed by their technical talent, entrepreneurial spirit, and the thinking behind the technology they've built in the last few years. We're excited to welcome the Curv team to PayPal."

Argo Blockchain (OTC:ARBKF) has completed the acquisition of DPN LLC through a merger with a wholly-owned subsidiary of Argo, and has consequently acquired 320 acres of land in West Texas, USA. According to the press release, this "gives Argo access to up to 800-megawatts of electrical power, where Argo intends to build a new 200mw mining facility over the next 12 months." Argo's CEO Peter Wall commented:

"Argo's purchase of land in Texas represents a significant milestone for the Company and is a cause for celebration. It not only gives us greater control over our mining operations but also the ability to meaningfully expand our mining capacity on a large scale. We now have access to some of what we believe is the cheapest renewable energy worldwide, in a location where innovation in new technologies is encouraged and incentivised."

Banxa Holdings, Inc. (TSXV:BNXA) has announced a Total Transaction Value (TTV) for February, 2021 of $70.4 million CAD, an increase of 980 percent from February 2020. The company's CEO, Holger Arians, said:

"Since our launch in 2014, Banxa has grown from strength to strength. The recent dip in the bitcoin market has left our order volume unaffected, and our market share continues to increase. As the company expands, our aim is to build our systems and teams for scale. While we anticipated rapid growth, current market conditions are having us revise our projections as we continue to exceed our own forecasts. We look forward to 2021 and the unveiling of new products and offerings to better serve our customers and partners."

Sam Mowers, Investorideas

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