Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 752: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqGS: $PYPL) (NasdaqGS: $COIN) (NYSE: $PSFE)

Tuesday, January 11, 2022

#CryptoCorner #Podcast 752: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqGS: $PYPL) (NasdaqGS: $COIN) (NYSE: $PSFE)

#CryptoCorner #Podcast 752: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqGS: $PYPL) (NasdaqGS: $COIN) (NYSE: $PSFE)

Hut 8 Joins Business Renewables Centre Canada, TaxBit Launches TaxBit Network for Crypto, and Paysafe Shares New Research on Crypto Adoption

Point Roberts, WA, Delta BC January 11, 2022 - 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/2022/011122-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/01111HUT-PYPL-COIN-PSFE.asp

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Stocks discussed: (NasdaqGS:HUT) (NasdaqGS:PYPL) (NasdaqGS:COIN) (NYSE:PSFE)

Hut 8 Mining Corp. (NasdaqGS:HUT) has joined the Business Renewables Centre Canada (BRC Canada), becoming the first digital asset mining company to become a member of the organization. Jaime Leverton, the company’s CEO, said:

"We are committed to building a business focused on driving industry awareness around sustainability practices in the digital asset mining and blockchain ecosystem. We are thrilled to be the first digital asset mining company to join the BRC Canada and look forward to the opportunity to be a part of an organization that is focused on driving change and renewable energy adoption in Canada."

Crypto tax compliance company TaxBit has announced the launch of TaxBit Network, described as “the first-of-its-kind network to provide FREE 2021 cryptocurrency tax forms to all users of supported TaxBit Network companies.” Among the companies in the TaxBit Network are industry giants like PayPal (NasdaqGS:PYPL), Coinbase (NasdaqGS:COIN), Binance.US, and others. Brian Shroder, CEO of Binance.US, commented:

“With the recent passing of the cryptocurrency tax provision in the Infrastructure Bill, proactively providing our users with the tax reporting and forms they need is an important step in our commitment to safety and compliance. Binance.US is excited to make the tax reporting process simple and free to our users through the TaxBit Network.”

Paysafe Limited (NYSE:PSFE) has shared new research indicating that 55 percent of crypto owners – rising to 60 percent of 18-24 year olds – would rather get paid their salary in cryptocurrency. Chirag Patel, CEO, Digital Wallets at Paysafe, said:

"Interest in defi and the metaverse has reached a whole new level recently and, with that, positive sentiment towards cryptocurrencies continues to increase. However, it’s clear that many people are still crying out for more practical use cases to bring crypto into the real world – in particular, being able to use it as a payment method, and this is something we are committed to driving at Paysafe. People can interact with cryptocurrencies through our digital wallets, Skrill and NETELLER, whether that’s for the very first time or as a more seasoned investor."

Sam Mowers, Investorideas

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