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Crypto Corner Podcast 894: Stocks discussed: (NasdaqGM: CAN) (OTC: NSAV) (OTC: NTTCF)

Canaan Launches New Generation of BTC Miners, Net Savings to Acquire AWC Crypto Exchange, and NetCents Posts Update On Crypto Merchant Gateway

 

Vancouver, Kelowna, Delta, BC - October 24, 2022 (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.

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/102422-CryptoMarket.mp3

Crypto Corner Podcast 894: Stocks discussed: (NasdaqGM: CAN) (OTC: NSAV) (OTC: NTTCF)

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Stocks discussed: (NasdaqGM:CAN) (OTC:NSAV) (OTC:NTTCF)

Canaan Inc. (NasdaqGM:CAN) has launched its Avalon Made A13 series, a new generation of high-performance Bitcoin (BTC) mining machines. The A13 series will include two different models: the A1346, which features a hash rate of 110 TH/s, and the A1366, which is equipped with a hash rate of 130TH/s. Canaan's Chairman and CEO, Nangeng Zhang, said:

"The launch of our new generation bitcoin mining machine is a key research and development milestone as we take our pursuit of higher computing power, better power efficiency, superior user experience, and optimal cost effectiveness to a whole new level. We are now working around the clock across the supply chain to prepare for future purchase orders and deliveries of the new products to our clients worldwide. While the current challenges in the industry persist, the fundamental values and the long-term growth prospects of bitcoin and the supercomputing industry remain strong. We believe that our new generation products will enable us to better fulfill our mission of supporting the bitcoin ecosystem by providing superior products, solutions, and services."

Net Savings Link, Inc. (OTC:NSAV) has signed a Definitive Acquisition Agreement for AWC Centralized Cryptocurrency Exchange (AWC). According to the press release, AWC currently has about $1.5 billion USD in stablecoin Tether (USDT) on deposit and over 2,000 active wallet traders. A statement from the management of NSAV reads:

"As our shareholders are aware, it has been a long-standing goal of the Company to acquire an operating CEX [centralized exchange]. We were thrilled to see the excitement among NSAV shareholders and the market in general, in the weeks leading up to the formal signing of this deal."

NetCents Technology Inc. (OTC:NTTCF) has posted an update regarding technology advancements of its cryptocurrency merchant gateway. This, according to the press release, includes "the capability to add over 1,000 cryptocurrencies to the platform with minimal costs and development resources." An excerpt reads:

While the Company can now add all these cryptocurrencies, it intends to continue its currency offering focus on leading coins with market depth, demand, and demonstrated history of driving large volumes of merchant transactions while keeping the platform streamlined and intuitive to use. The capacity provides the ability to remain nimble and capitalize on emerging demand in a timely and cost-efficient manner.

Sam Mowers, Investorideas

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