Point Roberts, WA and Delta, BC – July 7, 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 626: Stocks discussed: (NYSE: EDR) (NYSE: GS) (TSXV: NDA)
Stocks discussed: (NYSE:EDR) (NYSE:GS) (TSXV:NDA)
CNBC reports that the Ultimate Fighting Championship (UFC), which is owned by Endeavor Group Holdings (NYSE:EDR) has announced a fight kit deal with cryptocurrency trading platform Crypto.com today. This agreement, worth $175 million over 10 years according to the report, gives Crypto.com “a brand presence on fight kit items used throughout UFC including apparel (shorts, top bras, walk-out hoodies) worn by athletes during competition, and clothing worn by the training staff,” as well as “the rights to UFC’s newly created “Cryptocurrency Platform Partner” sponsorship category.”
Multinational investment banking giant Goldman Sachs (NYSE:GS) believes that Ether (ETH) could surpass Bitcoin (BTC) as the most popular cryptocurrency, according to Business Insider. A recent note from Goldman observes that Ether “currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications.” However, regardless of whether Bitcoin or Ether is number one, the note from Goldman Sachs privileges gold above cryptocurrency:
“Gold is competing with crypto to the same extent it is competing with other risky assets such as equities and cyclical commodities. We view gold as a defensive inflation hedge and crypto as a risk-on inflation hedge.”
“This competition among cryptocurrencies is another risk factor that prevents them from becoming safe haven assets at this stage.”
Neptune Digital Assets Corp. (TSXV:NDA) has secured the purchase of new next-generation mining machines for its continued strategy to scale its Bitcoin mining operations. The order consists of 200 S19 Pro machines, and is expected to be delivered and functioning by the end of summer 2021 and produce a combined hashrate of 22,000 terahash per second (TH/s). The company’s CEO, Cale Moodie, said:
“Patience has paid off with the expansion of our Bitcoin mining operations as machines have dropped in price substantially over the last two months. We waited until we hit what we felt was the near-term bottom to make the purchase. We are excited to expand our existing fleet of mining machines with these new S19 Pros and will get them up and running as soon as possible. Our existing partnerships puts Neptune in a great position to quickly and efficiently scale our Bitcoin mining revenues while taking advantage of market pricing fluctuations. We will continue to update shareholders on the progress as new information becomes available and more equipment is procured.”
Sam Mowers, Investorideas
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.
About Investorideas.com – News that Inspires Big Investing Ideas
Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns: Crypto Corner, Play by Play sports and stock news, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast, Cleantech and Climate Change, Exploring Mining, Betting on Gaming Stocks Podcast and the AI Eye Podcast.
The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android