Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $PYPL) (NasdaqGS: $COIN) (NasdaqGS: $HUT)

Monday, August 14, 2023

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $PYPL) (NasdaqGS: $COIN) (NasdaqGS: $HUT)

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $PYPL) (NasdaqGS: $COIN) (NasdaqGS: $HUT)

PayPal Introduces Cryptocurrencies Hub, Coinbase Expands Canadian Business, and Hut 8 Reports Quarterly Financial Results

Vancouver, Kelowna, Delta, BC August 14, 2023 - 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.

Today’s podcast is sponsored by Fintech Company AppTech Payments Corp.

(NasdaqCM:APCX).

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/081423-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/08141PYPL-COIN-HUT.asp

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

PayPal Holdings, Inc. (NasdaqGS:PYPL) has introduced a new feature called Cryptocurrencies Hub, which it announced through an update to its terms and conditions. The Cryptocurrencies Hub allows users to: buy, hold, sell, send, and receive crypto assets, and convert between PYUSD (PayPal’s new stablecoin) and another crypto asset. These new services will not initially be available to all PayPal users, however. According to the terms and conditions, access to the Cryptocurrencies Hub “depends on you having a personal PayPal account and a Balance Account in good standing, and [PayPal] verifying the required identifying information you provide.” Also, residents of Hawaii will not be able to establish a Cryptocurrencies Hub at this time.

Coinbase (NasdaqGS:COIN) has announced its Canadian expansion, through its partnership with Peoples Trust Company, and will now provide access to Interac e-Transfers to 100 percent of Canadian Coinbase users, making it secure and simpler than ever to move money in and out of accounts. This had been the most requested feature by Canadian users, and will make depositing funds “free and almost instant.” Nana Murugesan, Vice President, International and Business Development, Coinbase, said:

"Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework. As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency."

Hut 8 Mining Corp. (NasdaqGS:HUT) has reported its financial results for the quarter ended June 30, 2023. Highlights include revenues of $19.2 million CAD, the mining of 399 Bitcoin (BTC), and an installed hashrate of 2.6 EH/s as of June 30. The company’s CFO, Shenif Visram, explained:

"While we continued to face mining challenges during the second quarter at Drumheller, which are reflected in decreased revenue and fewer Bitcoin mined, we were successful in strategically managing our costs. In our high performance computing business, we signed a significant five-year contract during the period, and will begin to realize that revenue later this year. In the meantime, we have more than 1 MW of data centre capacity and existing infrastructure readily available to meet customers' AI and other high performance computing demands."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Podcast sponsor:

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

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