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Crypto Corner Podcast 553: Stocks discussed: (TSXV: $DMGI.V) (NasdaqGS: $MSFT) (TSXV: $IMIN.V)

Coinbase Delays Direct Listing Until April, DMG Buys 2,915 Miners for Immediate Use, Microsoft Polls for Xbox Bitcoin Adoption, and iMining Blockchain and Cryptocurrency Acquires CanETH Staking Services

 

Point Roberts, WA and Delta, BC - March 22, 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.

Crypto Corner Podcast 553: Stocks discussed: (TSXV: $DMGI.V) (NasdaqGS: $MSFT) (TSXV: $IMIN.V)

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Stocks discussed: (TSXV:DMGI) (NasdaqGS:MSFT) (TSXV:IMIN)

A recent article from Bloomberg reports that U.S. crypto exchange giant Coinbase is delaying its highly anticipated direct listing on the Nasdaq until April, according to "people familiar with the matter." No reason was given for this change of plans, and the exchange has yet to comment. The Bloomberg article goes on to indicate that Coinbase "swung from a loss to a profit of $322 million last year on net revenue that more than doubled to $1.14 billion." Coinbase will be listing on the Nasdaq Global Select Market under the ticker symbol "COIN."

DMG Blockchain Solutions Inc. (TSXV:DMGI) has purchased 2,915 bitcoin ASIC miners for immediate use. This makes for an additional 200 PH/s, approximately, and allows for the possibility of 2,500 more ASIC miners from the same supplier, according to the press release. DMG's COO, Sheldon Bennett, commented:

"DMG's goal is to provide thought leadership to the cryptocurrency industry, which is why we are focussed on strategies around vertical integration, governance, compliance, and efficiency; hence, our focus on physical technologies such as immersion cooling, along with software technologies found in our Blockseer platforms. DMG has leveraged its long-time industry contacts to find supply in a hot market when, along with the 2,915 miners we have secured, we have a right of first refusal on an additional 2,500 miners from the same supplier."

A Reddit post from the subreddit r/XboxSeriesX reveals that Microsoft (NasdaqGS:MSFT) appears to be contemplating the adoption of Bitcoin (BTC) as a payment option for Xbox. The post features a screencap with the question "Which of these other payment methods would you like to use on Xbox?," with "Pay with Bitcoin," as one of the options.

iMining Blockchain and Cryptocurrency Inc. (TSXV:IMIN) has met the required filing requirements with the TSX Venture Exchange, for the proposed acquisition of CanETH Staking Services Inc. The latter is described as "offering a staking solution for Ethereum [ETH] 2.0, providing clients with a simplified on-ramp to participate in the ETH 2.0 Proof of Stake movement." Daren Tung, CEO of CanETH, commented:

"This is a significant step for blockchain technology and we're excited to be leading the way for the growth of Ethereum 2.0 staking services. CanETH aims to become one of the world's largest Ethereum staking companies, and we're grateful to become a part of the iMining team to grow together for the benefit of our clients, investors, shareholders and the overall blockchain community."

Sam Mowers, Investorideas

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