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Crypto Corner Podcast 573: Stocks discussed: (NasdaqGS: PYPL) (CSE: BIGG) (TSXV: DMGI) (TSX: BTCQ) (TSX: BTCQ-U)

Venmo Launches Crypto Services, Netcoins Reports 337% Revenue Growth, DMG Buys 3,600 ASIC Miners, and 3iQ Debuts Bitcoin ETF with CoinShares

 

Point Roberts, WA and Delta, BC - April 20, 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/2021/042021-CryptoMarket.mp3

Crypto Corner Podcast 573: Stocks discussed: (NasdaqGS: PYPL) (CSE: BIGG) (TSXV: DMGI) (TSX: BTCQ) (TSX: BTCQ-U)

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Crypto Corner Episode 572: Bitcoin Tumbles Over Weekend, HIVE Acquires 50MW Data Centre, Hut 8 and Bitfarms Announce Power Purchase Agreements, and Diginex Reports Record Volumes on EQUOS Exchange

Crypto Corner Episode 573: Venmo Launches Crypto Services, Netcoins Reports 337% Revenue Growth, DMG Buys 3,600 ASIC Miners, and 3iQ Debuts Bitcoin ETF with CoinShares

Stocks discussed: (NasdaqGS:PYPL) (CSE:BIGG) (TSXV:DMGI) (TSX:BTCQ) (TSX:BTCQ-U)

Venmo, a mobile payment processor owned by PayPal (NasdaqGS:PYPL), announced today that its more than 70 million customers can now buy, hold and sell cryptocurrency directly within the Venmo app. Darrell Esch, SVP and GM, Venmo, commented:

"Crypto on Venmo is a new way for the Venmo community to start exploring the world of crypto, within the Venmo environment they trust and rely on as a key component of their everyday financial lives. No matter where you are in your cryptocurrency journey, crypto on Venmo will help our community to learn and explore cryptocurrencies on a trusted platform and directly in the app they know and love. Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers may have."

Netcoins, the online cryptocurrency brokerage subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), reported that its revenues grew by 337 percent Quarter over Quarter to ~$3.4 million for Q1 2021, and its trading volumes set a significant quarterly record exceeding $264 million. Netcoins president, Mitchell Demeter, said:

"Netcoins had a great Q1, with very significant volume and revenue increases, along with product enhancements and customer support expansion. We are also actively laying the groundwork for future geographical expansion, regulatory approvals, and strategic partnerships. We look forward to providing more updates to shareholders in the near future."

DMG Blockchain Solutions Inc. (TSXV:DMGI) has purchased 3,600 bitcoin ASIC miners, adding approximately 360 PH/s, and thereby increasing the company's total hashrate to over 500 PH/s. Sheldon Bennett, the company's CEO, said:

"DMG continues to focus on leading development of the state of the art in cryptocurrency mining, including immersion cooling and Blockseer's software platforms. While the hardware market remains extremely active, our established presence in the industry ensures we will continue to secure the appropriate equipment to maximize our business and provide continued optimized value for our shareholders."

Canadian digital asset manager 3iQ Corp. has announced the launch of the 3iQ CoinShares Bitcoin ETF (TSX:BTCQ)(CAD) (TSX:BTCQ-U)(USD). Fred Pye, Chairman & CEO of 3iQ, said:

"Today is yet another milestone for the 3iQ team, bitcoin enthusiasts, and investors across Canada. Backed by deep industry expertise, we are thrilled to be adding the 3iQ CoinShares Bitcoin ETF to our offerings and especially to partner with CoinShares."

Sam Mowers, Investorideas

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