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Crypto Corner Podcast 721: Stocks discussed: (NYSE: SQ) (NasdaqCM: HIVE) (TSXV: BNXA)

Point Roberts, WA and Delta, BC – November 22, 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:

https://www.investorideas.com/Audio/Podcasts/2021/112221-CryptoMarket.mp3

Crypto Corner Podcast 721: Stocks discussed: (NYSE: SQ) (NasdaqCM: HIVE) (TSXV: BNXA)

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Stocks discussed: (NYSE:SQ) (NasdaqCM:HIVE) (TSXV:BNXA)

Jack Dorsey, CEO of Square, Inc. (NYSE:SQ), released a white paper for Square’s decentralized Bitcoin (BTC) exchange called “tbDEX”. An excerpt from the paper’s abstract explains:

…The tbDEX protocol facilitates decentralized networks of exchange between assets by providing a framework for establishing social trust, utilizing decentralized identity (DID) and verifiable credentials (VCs) to establish the provenance of identity in the real world. The protocol has no opinion on anonymity as a feature or consequence of transactions. Instead, it allows willing counterparties to negotiate and establish the minimum information acceptable for the exchange. Moreover, it provides the infrastructure necessary to create a ubiquity of on-ramps and off-ramps directly between the fiat and crypto financial systems without the need for centralized intermediaries and trust brokers. This makes crypto assets and decentralized financial services more accessible to everyone.

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has reported its production figures from its global Bitcoin and Ethereum (ETH) mining operations for the month of October 2021. Highlights include a revenue of $23.4 million USD, the production of 234 BTC, and the production of 2,591 ETH. The company’s Executive Chairman, Frank Holmes, said:

“We are proud of the growth and operational excellence exhibited from our global operations, which has HIVE generating US$280M in annual revenue on a run-rate basis using October figures, or approximately C$350M.”

Banxa Holdings Inc. (TSXV:BNXA) has announced a partnership with crypto mining and trading firm NiceHash, in which it will provide crypto Buy/Sell functionality for NiceHash users. A leader in the decentralized mining space, NiceHash is described as “an EU based marketplace for hash power allowing small and individual miners from around the world to rent out their computational capacities,” and boasts over 1 million daily users. Banxa CEO, Holger Arians, said:

“It is a pleasure to welcome NiceHash to the Banxa Network. As a leader in the field of pool mining, NiceHash allows mass market entry into cryptocurrencies, similar to the way Banxa does. As we expand our products and services to new markets such as mining, wallets and DeFi, it is our commitment to bring the highest conversions to our partners that drives that growth. We are proud that one of our first mining clients is such a well known brand.”

Sam Mowers, Investorideas

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