Point Roberts, WA and Delta, BC – August 10, 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 650: Stocks discussed: (NasdaqGS: PYPL) (NYSE: AMC) (NasdaqCM: CLSK) (CSE: GBLC)
Stocks discussed: (NasdaqGS:PYPL) (NYSE:AMC) (NasdaqCM:CLSK) (CSE:GBLC)
Venmo, the mobile payments service provider owned by PayPal (NasdaqGS:PYPL), has announced a feature called Cash Back to Crypto. This allows Venmo Credit Card customers to automatically purchase cryptocurrency from their Venmo account using cash back earned from their card purchases. Darrell Esch, SVP and GM, Venmo, explained:
“The introduction of the Cash Back to Crypto feature for the Venmo Credit Card offers customers a new way to start exploring the world of crypto, using their cash back earned each month to automatically and seamlessly purchase one of four cryptocurrencies on Venmo. We’re excited to bring this new level of feature interconnectivity on the Venmo platform, linking our Venmo Credit Card and crypto experiences to provide another way for our customers to spend and manage their money with Venmo.”
Deadline reports that AMC Entertainment Holdings, Inc. (NYSE:AMC) will begin accepting Bitcoin (BTC) payments for movie tickets in the U.S. and concessions ordered online “by the end of the year.” In a webcast, the company’s CEO, Adam Aron, made note of the enthusiasm for crypto from its “big new crop of retail investors.”
CleanSpark, Inc. (NasdaqCM:CLSK) has closed on its acquisition of an additional nearly 87,000 square foot data center in Norcross, Georgia, increasing its Bitcoin mining operation. CleanSpark President and CEO Zach Bradford explained:
“This facility, with its 20 MW of power, will allow us to put over 6,000 additional S19s into operation. It is expected to produce over 650 PH/s upon installation. Based on current difficulty rates, this processing power would result in an additional 5 to 6 bitcoins per day. This, along with our other initiatives, is expected to result in 2.0 EH/s by the end of 2021, which, at current difficulty rates, would result in 17 to 18 bitcoin per day.”
Graph Blockchain Inc. (CSE:GBLC) has entered into a binding letter of intent in connection with the proposed acquisition of Optimum Coin Analyser Inc., described as “an AI based Crypto Coin Analytics tool company.” According to the press release, “Optimum continuously retrieves, observes, and analyzes social media data using AI analytics engine to track influencers, monitor, and to provide sentiment, relevance, and predictive analysis.”
Sam Mowers, Investorideas
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