Crypto Corner Podcast 579: Stocks discussed: (NYSE: $JPM) (OTC: $NEXOF) (NasdaqGM: $CAN) (TSXV: $NDA.V)
JPMorgan Developing Blockchain Platform with DBS and Temasek, NEXON Buys $100M in BTC, Canaan Partners with Genesis Digital Assets, and Neptune Digital Assets Provides Update
Point Roberts, WA and Delta, BC - April 28, 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 579: Stocks discussed: (NYSE: $JPM) (OTC: $NEXOF) (NasdaqGM: $CAN) (TSXV: $NDA.V)
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Stocks discussed: (NYSE:JPM) (OTC:NEXOF) (NasdaqGM:CAN) (TSXV:NDA)
JPMorgan (NYSE:JPM), DBS Bank, and Temasek - an investment firm owned by the government of Singapore - announced plans to develop a blockchain-based platform for payments, trade and foreign exchange settlement. Called Partior, the platform "recognises the need for more efficient digital clearing and settlement solutions across the banking industry, and targets to address these challenges through the use of blockchain solutions to enable next generation, programmable value transfer for participating banks and their clients in real-time across a common and open platform," according to the press release.
South Korean and Japanese video game publisher NEXON Co., Ltd. (OTC:NEXOF) has purchased 1,717 bitcoins for approximately $100 million, according to an announcement today. The company's President and CEO, Owen Mahoney, commented:
"Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets. In the current economic environment, we believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments."
Canaan Inc. (NasdaqGM:CAN) has entered into a long-term strategic partnership with Genesis Digital Assets Limited, securing a purchase order from the latter worth as much as $93.63 million. This order will see Canaan "deliver its A1246 AvalonMiner mining machines to Genesis Digital Assets throughout 2021, adding 117MW in next-generation Bitcoin computing capacity to Genesis Digital Assets' current capacity of 140MW." Canaan's CEO, Nangeng Zhang, explained:
"We are seeing higher interest from institutional players and the emergence of new mining hotspots around the world in 2021. As such, to provide more value to our overseas customer base, we have established our first-ever after-sales service center outside of China. Our long-term partnership with Genesis Digital Assets is aligned with our global ambitions, and we plan to repeat this success formula with more international customers going forward."
Neptune Digital Assets Corp. (TSXV:NDA) has announced the arrival of its initial purchase of 300 Bitmain S17 Bitcoin mining machines in in Calgary, Alberta, where they are now "being installed within Link Global Technologies' hosting facilities and will be generating a total hash rate of 15,512 Terahash per second (Th/s)." Neptune also shared operational and financial highlights including the generation of approximately $400,000 per month in staking earnings, and a balance sheet of $53 million in cash and digital assets.
Sam Mowers, Investorideas
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