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Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: HIVE) (NasdaqCM: ANY)

HIVE and Sphere 3D Publish BTC Operations Results for March, and US Congress Introduces Draft Bill on Stablecoins

 

Vancouver, Kelowna, Delta, BC - April 17, 2023 (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.

Today's podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

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/2023/041723-CryptoMarket.mp3

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: HIVE) (NasdaqCM: ANY)

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Stocks discussed: (NasdaqCM:HIVE) (NasdaqCM:ANY)

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has announced the production figures from its global Bitcoin (BTC) operations for the month of March 2023. Highlights include the production of 282 BTC, a BTC HODL balance of about 2,310 as of March 31, and 3.36 EH/s of mining capacity as of the month's end. Aydin Kilic, President & CEO of HIVE, said:

"We have successfully completed our deployment of our first buildout of the HIVE BuzzMiner, and we've mined at an average hashrate of over 3 Exahash for the month of March. Additionally, our GPU fleet is generating approximately 16% more revenue per megawatt hour than most Bitcoin mining ASICs. We strive to mine for maximum profit, utilizing energy as a resource for cash flow."

Sphere 3D Corp. (NasdaqCM:ANY) has published the results of its Bitcoin mining operations for the month ended March 31, 2023. Highlights include the production of 37.35 Bitcoin, (1.20 per day) with a mining fleet operating at 91.0 BTC/EH. Patricia Trompeter, the company's CEO, said:

"We produced bitcoin at a steady rate during March. We are proud to announce a partnership with Rebel Mining who will be taking a large portion of our fleet. Their depth and breath of experience make them a perfect partner to deploy the rest of our fleet. With the miners currently being deployed to Missouri in March and April, our fleet will be fully homed, and upon energization, we will be at approximately 1.5EH/s. We believe we will have a significant portion of this EH/s energized by the end of May. We are looking forward to working with Rebel as we install and energize the remainder of our Fleet."

Cointelegraph reports that the US Congress is introducing a new draft bill providing a framework for stablecoins in the United States with a scheduled hearing on the topic on April 19. The bill indicates that "insured depository institutions seeking to issue stablecoins would fall under the appropriate federal banking agency supervision, while non-bank institutions would be subject to Federal Reserve oversight." Notably, part of the drafted legislation "is a two-year ban on issuing, creating or originating stablecoins not backed by tangible assets."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Podcast sponsor:

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today's commerce experiences. For more information, visit apptechcorp.com.

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