#CryptoCorner Episode 445: Canaan (NasdaqGS: $CAN) Reports Q2 Results, Signature Bank (NasdaqGS: $SBNY) Extends $20 Million in Loans to Digital Asset Firms, Bank of Korea Eyes Partner for Second Phase of CBDC

#CryptoCorner Episode 445: Canaan (NasdaqGS: $CAN) Reports Q2 Results, Signature Bank (NasdaqGS: $SBNY) Extends $20 Million in Loans to Digital Asset Firms, Bank of Korea Eyes Partner for Second Phase of CBDC

 

Point Roberts, WA, Delta BC August 31, 2020 -  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/2020/083120-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/08311CAN-SBNY.asp

 

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Stocks discussed: (NasdaqGS:CAN) (NasdaqGS:SBNY)

 

Canaan Inc. (NasdaqGS:CAN) has reported its unaudited operating and financial results for the second quarter of 2020. The company’s total net revenues reached $25.2 million, a 26.3 percent year-over-year decrease from the same period in 2019, which roughly corresponds with an 18.2 percent decrease in the company’s total computing power sold from 3.2 million THash/s in Q2 2019, to 2.6 million THash/s in Q2 2020. Canaan Chairman and CEO, Nangeng Zhang, said:

 

“During the second quarter of 2020, the COVID-19 pandemic continued to impact the lives of people around the world and the Bitcoin halving event also caused significant volatility in Bitcoin prices. Nevertheless, we remained focused on strengthening our research and development capabilities, refining our product offerings, and executing our AI initiatives. These efforts enabled us to achieve meaningful financial and operational improvements on a sequential basis [in] the second quarter as well as helped to ensure that our products could maintain their positions at the cutting edge of technological innovation. Going forward, we are confident that our strong pipeline of next-generation products will continue to sustain our growth momentum in the future.”

 

CoinDesk reports that Signature Bank (NasdaqGS:SBNY) extended around $20 million in loans under the federal Paycheck Protection Program (PPP) to “roughly 40 firms in the digital asset space.” Signature Bank CEO Joseph DePaolo told CoinDesk:

 

“I believe I said it about a year and a half ago, that if you weren’t into blockchain technology and the digital world in five years, you would have a problem as a bank. There’s three and a half years left, and it may be sooner. I think the situation we have right now with this pandemic and the quagmire, it’s going to make the public look at digital currencies.”

 

The Korea Times reports that the Bank of Korea (BOK), South Korea’s central bank, is gearing up to begin a pilot test of its own central bank digital currency (CBDC) system by the end of 2021. Having completed the first phase of the project last month, the BOK is now looking for a potential partner to help “establish a CBDC system architecture based on the first-phase research results.” A central bank official told The Korea Times:

 

"The BOK will team up with a consulting partner to map out the overall work process and architecture to operate the digital currency system, and both sides will also come up with specific action plans to successfully establish the pilot system on time.”

 

Sam Mowers, Investorideas

 

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

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

 

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Exclusive Interview: GBT Technologies' (OTCPINK: $GTCH) CTO Talks about Completing Phase 1 of qTerm Human Vital Signs Device; @GbtTechnologie

Exclusive Interview: GBT Technologies' (OTCPINK: $GTCH) CTO Talks about Completing Phase 1 of qTerm Human Vital Signs Device; @GbtTechnologies

 

Point Roberts, WA and Vancouver, BC - August 31, 2020 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today's special edition of The AI Eye,, watching stock news, deal tracker and advancements in artificial intelligence, featuring an exclusive interview with the CTO of GBT Technologies Inc. (OTC PINK:GTCH).

 

Listen to today's podcast:

https://www.investorideas.com/Audio/Podcasts/2020/082720-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2020/artificial-intelligence/08311AIEye-GTCH-CTO-qTerm.asp

 

Hear the Ai Eye on Spotify  

 

GBT Technologies Inc. (OTC PINK:GTCH) has completed the first phase of development for its intelligent human vital signs device, qTerm, according to a recent press release. Phase 1 consisted of designing the device’s size and physical dimensions, which the company’s CTO, Danny Rittman, described as being “very similar to a car ignition button.”

 

Rittman explained how, in the first version of the device, a mere touch of the finger sets off sensors which record the user’s temperature, (and in later versions other vital signs) and convey it to an AI-powered mobile app.

 

“There’s a few sets of sensors sitting under the button,” he said. “These sensors kick into effect, take the measurements – temperature, and later heart rate etc… and send it immediately to the mobile app.”

 

Users will receive a timely visual and audio alert if the temperature reading is abnormal. The app will then keep a history for the user's records and provide numerical and statistical data about the user's body temperature.

 

A key challenge of Phase 1, Rittman explained, was in fashioning the device to be small enough to be convenient, without sacrificing its advanced technical functions.

 

“We invested extra effort into making the device fairly small, [but] not too small – we need to get a good measurement of the human finger – yet it’s going to be handy and small enough to be easy to carry in a pocket, purse, or fixed to a cellular phone,” he said.

 

The AI-powered qTerm mobile app anonymously and securely collects the user’s vital signs data, contributing to a worldwide “thermal map,” something Rittman identifies as the device’s distinguishing feature.

 

“This is the key highlight of the device,” he said. “The device itself, the actual hardware and technology inside the device, are quite straightforward. We have a nice Bluetooth (the most advanced Bluetooth system), we have a GPS of course … all these are things the world already knows. There’s nothing new there.”

         

“That’s the main thing. Every person is going to be put on the world map for the benefit of the community.”

 

With Phase 1 completed and the device’s physical dimensions settled, Rittman outlined the next step in qTerm’s development, and stressed the company’s imperative of going to market and joining the battle against COVID-19.

 

“For Phase II we’re going into the actual electronic implementation and design of the subsystem of the qTerm device, and working on the Bluetooth system, the power management system, the sensing system – that’s Phase 2,” he said. Along with that, we’re trying to bring an initial product to the market as soon as possible, and try to fight this pandemic.”

 

qTerm - Human Vitals Device - Powered by AI

 

Host: Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure:  GTCH is a paid annual news and social media client on Investorideas.com More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Recent Acquisition, Growth and Expansion in #Cleantech: (OTC: $DGWR) (TSXV: $XBC.V) (OTCQB: $CETY) (NYSE: $BAM) Riding the Wave of Acquisitions and Expansion in Cleantech and #ESG Investing; @DeepGreenDGWR @XebecInc @CETYINC @Brookfield

Recent Acquisition, Growth and Expansion in #Cleantech: (OTC: $DGWR) (TSXV: $XBC.V) (OTCQB: $CETY) (NYSE: $BAM) Riding the Wave of Acquisitions and Expansion in Cleantech and #ESG Investing; @DeepGreenDGWR @XebecInc  @CETYINC @Brookfield

 

Point Roberts, WA and Delta, BC - August 31, 2020 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issue a sector snapshot looking at recent acquisition, growth and expansion news from publicly traded companies in the sector, featuring Deep Green Waste & Recycling, Inc. (OTC PINK: DGWR)and how investors can benefit.

 

Read this article featuring DGWR in full at https://www.investorideas.com/news/2020/cleantech-climatechange/08311Acquisition-Expansion.asp

 

According to Morningstar, "Interest in sustainable investing has grown tremendously in recent years, and our research has shown that this applies to most investors, regardless of gender or age. Given this rise in popularity, a growing number of asset managers and public companies are making sustainability-focused changes."

 

Continued: “As Morningstar's Director of Sustainability Research, Jon Hale noted in his Sustainable Funds US Landscape Report; many “companies started off 2020 by issuing significant commitments to sustainability.” Along with these commitments, asset flows into sustainable funds increased fourfold in 2019 alone and continue to see record inflows so far this year.”

 

Seeing the wave of the future, Deep Green Waste & Recycling, Inc. (OTC PINK: DGWR), a sustainable waste and recycle management services company for commercial customers just  announced that it signed a Letter of Intent (LOI) to acquire the assets of Amwaste, Inc., a commercial waste and debris disposal services company serving the Golden Isles region of coastal Georgia.

 

With a long history in tech and renewable energy, Lloyd Spencer, President of Deep Green Waste & Recycling discussed his acquisition strategy with Investor Ideas in a podcast released  in July saying. “Some of the acquisitions are going to be what people call traditional; recycling and waste management companies. We're looking for profitable companies, companies that are already in the business and have been have been in the industry for as many as 20 years. So we're what we're looking at is any number of companies that have experience as waste haulers, recyclers. Beyond that, we're also looking at how we can build partnerships with companies that are doing some unique things in recycling, like plastics, recycling and food waste.”

 

Based in Brunswick, Georgia, Amwaste serves customers in Glynn County and surrounding areas, where the company has built a solid customer base and has established a strong reputation for quality service. Amwaste operates in a vibrant, high-growth area of the southeastern United States and will be a key element for developing Deep Green's business.

 

"This acquisition is strategic because it will help us expand our footprint for delivering innovative waste and recycle management services to commercial customers in Georgia while executing an important step in our growth strategy," said Lloyd Spencer, President and CEO of Deep Green. "We look forward to bringing Amwaste into the Deep Green family and developing Amwaste to its fullest potential."

 

Deep Green expects to sign a Definitive Asset Purchase Agreement after completing its due diligence.

 

Also on an acquisition path, Xebec Adsorption Inc. (TSXV: XBC) announced in early August: “Xebec Expands Cleantech Service Network with Acquisition of North Carolina Based Air Flow.

 

Xebec Holding USA Inc, a wholly-owned subsidiary of Xebec Adsorption Inc., entered into an agreement effective July 31st, 2020, to acquire all of the outstanding securities of Enerphase Industrial Solutions, Inc. (doing business as “Air Flow”). Air Flow’s principals will remain with Air Flow after the acquisition to optimize their integration into Xebec’s industrial service and support business and to grow the operation over the coming years.”

 

Continued: “Air Flow is a leading distributor and service provider of compressed air equipment in North Carolina. Incorporated in 1981, the company brings decades of industry experience and has built long standing relationships with major manufacturers and has developed a significant service footprint through numerous equipment installations. Air Flow’s focus is on preventative maintenance solutions, air energy system audits and analysis, and timely machine rentals, and parts and service.”

 

Another small company in the sector recently announced expansion plans.  Clean Energy Technologies, Inc. (OTCQB: CETY), a clean energy company focusing on products in the energy efficiency and environmental sustainability market announced recently that it has signed a manufacturing agreement to build proprietary equipment designs from Envirepel Energy. Under the terms of this agreement CETY's engineering and manufacturing services will manufacture the emission control and electronic control systems for each of Envirepel's biomass energy projects to their specifications, equating to approximately $2M and sell the Product to Projects developed by Envirepel Energy.

 

Continued: “Envirepel is a renewable energy company that develops clean energy projects selling power to public utilities that has developed an agricultural green waste to energy project that will generate approximately 3 MW of power, delivering energy under a 20 year power purchase agreement (PPA) to Southern California Edison.  The company has additional projects in development that can include CETY ORC heat recovery equipment.”

 

Continued: “Infrastructure projects like the construction of biomass and waste to energy plants that are designed to not pollute the environment as previous technologies have, are poised to capitalize on the legislation that mandates the elimination of organic waste from landfills.”

 

"This agreement represents an organic expansion of our business model," said Kam Mahdi, CEO of CETY.  "Our value proposition is so closely aligned with renewable energy producers it just makes sense to become more than just a value-added supplier of equipment."

 

Looking to the bright future of ESG investing, Brookfield Asset Management (NYSE: BAM) (TSX: BAM.A) announced the appointment of Mark Carney as a Vice Chair and Head of ESG and Impact Fund Investing. Mark brings a wealth of knowledge and expertise to his role at Brookfield. He is currently the United Nations Special Envoy for Climate Action and Finance and is a longtime advocate for sustainability, specifically with regard to the management and reduction of climate risks.

 

Continued: “Mark will expand on Brookfield's existing strengths in ESG investing with the development of a group of funds that will work to combine positive social and environmental outcomes with strong risk-adjusted returns for investors. The funds will make ESG-focused investments that are both capable of delivering measurable outcomes against specific impact goals and consistent with Brookfield's extensive experience investing in high-quality, sustainable assets that form the backbone of the global economy.”

 

Continued: “Carney remarked, "With an accelerated transition to a net zero economy imperative for climate sustainability and one of the greatest commercial opportunities of our time, I'm looking forward to building on Brookfield's leading positions in renewable energy and sustainability to the benefit of its investors and society."

 

Lloyd Spencer, President of Deep Green Waste & Recycling, Inc. (OTC PINK: DGWR) told Investor Ideas following their recent news, ”Working with investors, especially those who value sustainable ESG investment strategies to complete these acquisitions, as well as partnership with innovative universities and start-ups, we are confident that Deep Green Waste and Recycling can grow into a leading waste and recycling services industry player.”

 

Bloomberg recently reported, “At the moment when so many industries are staggered by the coronavirus pandemic, investors are beating the market by putting their money in companies committed to environmental, social and governance priorities favoring transparency, diversity and sustainability.”

 

“ESG is where profits are, signaling that doing the right thing increasingly is the smartest bet.”

 

For investors following renewable energy and ESG stocks, visit the directory of publicly traded stocks https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: Deep Green Waste & Recycling, Inc. (DGWR) is a paid monthly news and publishing client on Investorideas.com. More disclaimer and disclosure info.  Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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