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Crypto Corner Podcast 651: Stocks discussed: (NasdaqGS: COIN) (NasdaqGS: RIOT) (CSE: BIGG)

Coinbase Reveals Q2 Results in Shareholder Letter, Riot Blockchain Reports July Production and Operations Updates, and BIGG’s Netcoins Announces Mobile Trading Apps

 

Point Roberts, WA and Delta, BC - August 11, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/081121-CryptoMarket.mp3

Crypto Corner Podcast 651: Stocks discussed: (NasdaqGS: COIN) (NasdaqGS: RIOT) (CSE: BIGG)

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Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:RIOT) (CSE:BIGG)

Coinbase (NasdaqGS:COIN) released a shareholder letter giving results for its second quarter 2021. The company saw a 44 percent increase in retail monthly transacting users (MTUs) to 8.8 million, generated $2.0 billion in net revenue, including $1.9 billion in transaction revenue and over $100 million in subscription and services revenue. An excerpt from the letter's Closing Thoughts portion reads:

Q2 was a strong quarter for Coinbase with a record number of users engaging more deeply in our products and services. A recent survey from the University of Chicago suggests 13% of Americans have traded crypto assets in the last year compared to 24% for stocks. These adoption trends paired with recent government attention on crypto as a revenue source suggests we have reached an inflection point. Crypto has arrived.

Riot Blockchain, Inc. (NasdaqGS:RIOT) has reported its July production and operations updates. Highlights include the production of 444 Bitcoin (BTC), an increase of 771 percent from the same period last year. An excerpt outline progress at the company's Whinstone facility in Texas:

During the month of July, Riot's Whinstone facility underwent the necessary infrastructure upgrades to support the ongoing deployment of Riot's latest-generation S19 Antminers scheduled to be received from Bitmain Tech Lte. Ltd. ("Bitmain"). Installation of recently received miners has extended into August with approximately 4,200 S19 Pro Antminers (110 TH) in the process of being deployed at the Whinstone facility. Based on this ongoing installation, Riot's hash rate capacity is approximately 1.93 exahash per second (EH/s).

Online cryptocurrency brokerage Netcoins, subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced the launch of its Android and Apple iOS native crypto trading apps. Netcoins offers six cryptocurrencies, including: Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), XRP, and Tether (USDT). Netcoins President, Mitchell Demeter, said:

"We are absolutely thrilled to officially be launching both our Android and iOS native trading apps. Netcoins has seen tremendous growth in the past year with our web-based trading platform, and these native apps give our users another great way to access our platform, making trading easier and quicker than ever before."

Sam Mowers, Investorideas

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