Point Roberts, WA and Delta, BC – June 28, 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:
Crypto Corner Podcast 620: Stocks discussed: (NasdaqGS: HUT) (CSE: BIGG) (ZIGN: ST) (NasdaqGS: FTFT)
Crypto Corner Episode 620: Hut 8 Provides Corporate Update, BIG Partners with ZignSec, and Future FinTech Registers Subsidiary for Dubai
Stocks discussed: (NasdaqGS:HUT) (CSE:BIGG) (ZIGN:ST) (NasdaqGS:FTFT)
Hut 8 Mining Corp. (NasdaqGS:HUT) has provided a corporate update, indicating plans for investments and installed hashrate. With regard to the latter, Hut 8 “anticipates expansion of current installed hashrate of approximately 1.2 Exahash (EH) to approximately 2.5 – 3.0 EH by the end of 2021 and to approximately 6 EH by mid-2022.” CEO Jaime Leverton said:
“Our capital raise and concurrent listing on Nasdaq, completed on June 15, 2021, were transformative milestones for Hut 8. The strength of our balance sheet and our conservative approach to capital management has set the stage for our ongoing success and ability to drive long-term shareholder value. We now have 1.2 Exahash in production and ongoing installation of new equipment puts us on a near-term trajectory to produce an additional 2 – 3 Bitcoin per day by the end of August, on top of our current production rate of 6.2 – 7.3 Bitcoin per day.”
Blockchain Intelligence Group (BIG), a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has partnered with RegTech ecosystem ZignSec (ZIGN.ST). This will see BIG integrate BitRank Verified into ZignSec’s compliance marketplace, allowing customers to use “crypto investigation tools and wallet tracking services offered by BIG, helping simplify and streamline compliance with local Know Your Business (KYB) and Know Your Customer (KYC) regulations.” Lance Morginn, President, BIG, explained:
“The global financial market is embracing cryptocurrency and requires a comprehensive solution to stay compliant in the eyes of regulators around the world. BIG and ZignSec are fully transparent, listed companies well-positioned to be the ultimate trustworthy providers of cutting-edge cryptocurrency and compliance solutions. Partnering with ZignSec supports our mission to bring cryptocurrency to the mainstream while creating peace-of-mind in a highly regulated industry.”
Blockchain-based e-commerce business and fintech service provider Future FinTech Group Inc. (NasdaqGS:FTFT) has registered a new subsidiary, FTFT Capital Investments LLC, to do business in Dubai, United Arab Emirates. Future FinTech had previously signed a Strategic Cooperation Agreement with major shareholders of digital currency market information and data service platform Shenzhen SOSOB Technology Co., Ltd. to incorporate a joint venture in Dubai. Shanchun Huang, CEO of Future Fintech, said:
“Building a financial services platform based on blockchain technology is a key development plan for our company. We believe that the establishment of FTFT Capital Investments LLC in Dubai will be a landmark event in the field of innovative financial services. Utilizing the expertise, technology and user base of Shenzhen SOSOB Technology Co., Ltd., the leading firm in the digital currency trading service sector, our goal is to become one of the world’s most active and influential digital currency and crypto asset trading and management services provider.”
Sam Mowers, Investorideas
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