Point Roberts, WA and Delta, BC – May 14, 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 590: Stocks discussed: (NasdaqCM: $NCTY) (TSXV: $DMGI.V) (OTC: $ARBKF) (CSE: $GBLC.C)
The9 Limited (NasdaqCM:NCTY) has signed three Chia (XCH) cryptocurrency mining machine purchase and cloud service leasing agreements with three unrelated vendors. Chia is also known as the “Green Bitcoin Alternative,” and “is considered to be a more green and environmentally friendly blockchain technology,” than Bitcoin (BTC).
DMG Blockchain Solutions Inc. (TSXV:DMGI) and Argo Blockchain (OTC:ARBKF) announced a partnership in the Crypto Climate Accord (CCA) to promote the decarbonization of the cryptocurrency industry. This aims to reduce overall emissions for the crypto industry and deploy “new technologies that increase the transparency of the renewable energy sourcing of crypto mining.” DMG’s CEO Sheldon Bennett commented:
“Since our inception, DMG has been committed to transparency and good governance. Partnering with the Crypto Climate Accord alongside Argo allows us to apply those values to put us on a path to become a more sustainable industry. Together, we can finally put the wheels in motion to transition the cryptocurrency industry into one that focuses on renewable energy.”
Peter Wall, CEO of Argo, said:
“As more data continues to surface regarding Bitcoin and Bitcoin mining’s impact on the environment, it’s imperative that the industry takes real, tangible action. The Crypto Climate Accord helps lay the groundwork for that action and we are both eager and determined to ensure that supporters and signatories remain committed to the CCA’s goals.”
Graph Blockchain Inc. (CSE:GBLC) has entered into a letter of intent to acquire Crypto Launchpads service provider Beyond the Moon Inc. The press release defines Crypto Launchpads as “crypto projects designed to promote and introduce upcoming projects to the crypto market.” Graph Blockchain CEO Paul Haber said:
“One of our stated objectives has been to educate our shareholders on all areas of the crypto market. Providing our shareholders with exposure to new crypto tokens through quality IDO’s [Initial Decentralized Exchange Offerings] is an essential piece of that education and of the crypto markets. We are excited to be acquiring the Target [Beyond the Moon Inc.] to add this element to our business.”
Sam Mowers, Investorideas
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