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Crypto Corner Podcast 740: Stocks discussed: (NYSE: BKKT) (CSE: TAAL) (TSXV: CBIT)

Manasquan Bank Participating in Bakkt's Early Adopter Program, Taal Acquires Data Centre and Shares Preliminary Q4 Guidance, and Cathedra to Donate to "Summer of Bitcoin"

 

Point Roberts, WA and Delta, BC - December 21, 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 740: Stocks discussed: (NYSE: BKKT) (CSE: TAAL) (TSXV: CBIT)

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Stocks discussed: (NYSE:BKKT) (CSE:TAAL) (TSXV:CBIT)

Bakkt Holdings, Inc. (NYSE:BKKT) has announced that Manasquan Bank, described as "a NJ-based mutual community bank with total consolidated assets of $2.7 billion," will be participating in its early adopter program, allowing the latter's retail clients to buy, sell and hold cryptocurrency through the bank's mobile banking app. Bakkt's Chief Revenue Officer, Sheela Zemlin, said:

"This is an incredible opportunity to provide Manasquan Bank clients with an entry point to adopt cryptocurrency as an additional asset option. It's clear that cryptocurrency is the center of the Web3 economy, in which consumers can participate in new value creation and exchange with digital assets. Bakkt is proud to roll out new and innovative ways to this burgeoning economy, enabling a path to buy, sell and hold crypto as an extension of the consumer's relationship with their trusted local bank."

Taal Distributed Information Technologies Inc. (CSE:TAAL) has acquired 100 percent ownership of Chief Fuels Inc., giving it indirect ownership of a 60,000 sq/ft facility in Grand Falls, New Brunswick, Canada, and access to 50 megawatts of clean energy. According to the press release, Taal "expects [this] will ultimately allow it to power up to 2 Eh/s of Bitcoin (BTC) mining in New Brunswick, Canada." The company also published a Preliminary Q4 2021 Guidance, indicating "a consolidated revenue expected to be in the range of $13.75 - $14.25 million CAD, approximately 70,000 BSV held in treasury at the end of the quarter, and $35 million in prepaid deposits on mining equipment, power deposits, and infrastructure for future growth."

Cathedra Bitcoin Inc. (TSXV:CBIT) has announced its plans to donate $50,000 USD of bitcoin to Summer of Bitcoin, which is described as "a global summer internship program focused on introducing university students to Bitcoin and open-source development." The company's President and COO, Drew Armstrong, said:

"As the history of Bitcoin has shown us, miners are but one part of the network. It is important that we do our part to support other aspects of the network, especially open-source developers that can help ensure a bright future for Bitcoin; to this end, we are excited to work with Summer of Bitcoin to enable this next generation of talent and help diversify Bitcoin's contributor base beyond the US and Western Europe."

Sam Mowers, Investorideas

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