#CryptoCorner #Podcast 773: #Stocks discussed: (NYSE: $OPA) (TSXV: $CSTR.V) (TSXV: $IMIN.V)
Binance Invests $200M in Forbes, CryptoStar Signs LOI with Kansas Energy Company, and iMining Technologies has Launched a Metaverse Advisory Group
Vancouver, Kelowna, Delta, BC February 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.
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Stocks discussed: (NYSE:OPA) (TSXV:CSTR) (TSXV:IMIN)
Business magazine giant Forbes, and Magnum Opus Acquisition Limited (NYSE:OPA), have announced a $200 million strategic investment from crypto and blockchain leader Binance. Both Forbes and Magnum Opus are planning a business combination in Q1 this year, which would render Forbes a publicly traded company on the New York Stock Exchange with the ticker symbol "FRBS." Mike Federle, CEO of Forbes, commented on the investment
"Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies and all emerging digital assets. With Binance’s investment in Forbes, we now have the experience, network and resources of the world’s leading crypto exchange and one of the world’s most successful blockchain innovators. Forbes, already a resource for people interested in the emerging world of digital assets, can become a true leader in the field with their help."
CryptoStar Corp. (TSXV:CSTR) has signed a letter of intent (LOI) with U.S. based energy company Kansas (the Kansas Partner) effective February 9, 2022 “for up to 87.2 megawatts (MW) of power to be supplied at among the lowest electricity rates in North America.” CryptoStar’s President and CEO, David Jellins, said:
This LOI with the Kansas Partner is consistent with the Company's long term expansion plans into low-cost energy regions in North America and solidifies CryptoStar's objective to become one of the most reliable, lowest cost crypto miners and hosting services providers in North America."
iMining Technologies Inc. (TSXV:IMIN) has launched Metaverse Advisory Group Inc., described as “a wholly-owned subsidiary focused on investing, developing and managing Metaverse Properties and NFTs,” and which “provides direct exposure to Metaverse and NFT sectors for BitBit Financial Inc. customers and iMining shareholders.” iMining’s President and CEO, Khurram Shroff, said:
"We are on the cusp of a major technological transformation with the advent of new technology and the evolution of existing technologies, which changes how people interact with no clear future impact. iMining is working with strategic partners to provide our investors and clients with an end-to-end solution so they can easily participate in the growth of Web3.0 and benefit from it. Web3.0 will entirely change how people interact with technology and with each other. This is an exciting time and I remain confident that iMining is positioned as thought leaders to assist this entire industry grow. iMining has established itself to provide public market investors exposure to Web3.0, the next evolution of the Internet."
Sam Mowers, Investorideas
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