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Crypto Corner Podcast 555: Stocks discussed: (NasdaqGS: $TSLA) (TSXV: $BITF.V) (NasdaqCM: $EQOS) (OTC: $QGSI)

Tesla Accepting Bitcoin, Bitfarms Provides Corporate Update, Diginex Reports Increased Account Openings and Trading Volume, and QuantGate Launches Crypto Division


Point Roberts, WA and Delta, BC - March 24, 2021 ( Newswire), 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 555: Stocks discussed: (NasdaqGS: $TSLA) (TSXV: $BITF.V) (NasdaqCM: $EQOS) (OTC: $QGSI)


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Stocks discussed: (NasdaqGS:TSLA) (TSXV:BITF) (NasdaqCM:EQOS) (OTC:QGSI)

Earlier today Elon Musk tweeted that Tesla (NasdaqGS:TSLA) now accepts Bitcoin (BTC) as a form of payment. This follows an SEC filing from February this year, which indicated the company's purchasing an aggregate of $1.5 billion in BTC. According to Tesla's official website, it is "only supporting Bitcoin for customers in the continental United States," but will "consider expanding into new markets in the future." Musk subsequently tweeted:

Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.

Bitfarms Ltd. (TSXV:BITF) has announced the successful installation and operation of its previously announced order of 4,500 MicroBT M31S+ miners, bringing its current installed hashrate to 1.2 EH/s. According to the press release, this represents a 24 percent growth rate in a single quarter, surpassing the company's entire 2020 growth. Bitfarms has also entered into a hosting agreement with Blockware Solutions and Blockware Mining in the United States wherein it is sending older-gen and mid-gen hardware for hosting at one of their American facilities. Bitfarms CEO Emiliano Grodzki commented on the impact of Bitcoin's growth on the company's operations:

"The growth in Bitcoin value since January clearly shows the strategic importance of holding Bitcoin and the tremendous opportunity to generate strong value for our shareholders. Bitfarms is excited to continue our Bitcoin program. With over 500 Bitcoin mined in the first quarter alone, we are excited to be able to deliver one of the fastest growing Bitcoin production rates in North America and with some of the lowest costs of production."

Diginex Limited (NasdaqCM:EQOS) has reported a "significant acceleration in account openings and a daily record for retail trading volume on the EQUOS Cryptocurrency Exchange following the launch of the special issuance period for its EQUOS Origin token ("EQO") on March 16, 2021." Diginex CEO Richard Byworth said:

"EQO is designed to allow utility across the future prime / private banking-like experience for digital assets that we have been building. Since last week's launch, we have seen increased activity coming from a diverse range of countries, with trading volume from customers across Europe, the Middle East, Asia and Australasia. It's great to see such global recognition for this very unique exchange token."

AI and Machine Learning SaaS-based solutions provider QuantGate Systems Inc. (OTC:QGSI) has announced the launch of QuantGate Crypto, a wholly-owned division aimed at providing SaaS-based technology solutions for crypto companies, institutions and platform providers. Ilan Yosef, CTO/COO of QuantGate, explained:

"The focus of QuantGate Crypto is to significantly enhance cryptocurrency platforms and exchanges, by integrating our ground-breaking technology. Our proprietary SaaS solutions and artificial intelligence algorithms are perfectly suited to the dynamic cryptocurrency markets, having already been applied and proven with Forex and Stocks. We are committed to enhance the wide array of blockchain offerings, which includes providing turn-key solutions to serve a rapidly growing market."

Sam Mowers, Investorideas

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