Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqGS: PYPL) (NasdaqGS: COIN) (NasdaqGS: HUT)

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqGS: PYPL) (NasdaqGS: COIN) (NasdaqGS: HUT)

Episode Transcript

(00:00):
Welcome to today's edition of Cryptocorner atinvestoridias dot com news on what's driving the
cryptocurrency market. Hello everyone, thisis Sam Mowers here. Welcome to another
episode of the Cryptocorner podcast. Fornews today, PayPal has introduced a new

(00:22):
feature called cryptocurrencies Hub, coin Basehas expanded its business in Canada, and
Hot eight has reported its quarterly financialresults. Just before we jump into the
show, though, a quick reminderthat if you enjoy this podcast to please
feel free to share it or leaveus a review, and as always,
I recommend checking out some of theother podcasts on investradias dot com. This

(00:47):
includes the Cannabis Podcast, the Cleantechand Climate Change Podcast, along with many
others, all of which we'll bringyou up to speed on the latest stock
news and trends in their respectives.All right, so, PayPal Holdings Inc.
Which trades on the NASDAC under theticker symbol PYPL, has introduced a

(01:08):
new feature called cryptocurrencies Hub, whichannounced through an update to its terms and
conditions. The Cryptocurrencies Hub allows usersto buy, hold cell, send and
receive crypto assets, and convert betweenPYUSD. That's PayPal's new stable coin and

(01:30):
any other crypto asset supported. Thesenew services will not initially be available to
all PayPal users. However, accordingto the terms and conditions, access to
the Cryptocurrencies Hub depends on you havinga personal PayPal account and a balance account
in good standing and PayPal verifying therequired identifying information that you provide. Also,

(01:57):
residents of Hawaii will not be ableto establish a cryptocurrencies Hub at this
time. Moving along, coin Base, which trades on the NASDAC under the
ticker coi N has announced its Canadianexpansion, done through its partnership with People's
Trust Company, and will now provideaccess to interact e transfers to one hundred

(02:22):
percent of Canadian coin Base users,making it secure and simpler than ever to
move money in and out of accounts. This has been the most requested feature
from Canadian users and will make depositingfunds free and almost instant. Nana Marugasan
That's the vice president of International andBusiness Development at Coinbase, said Canada is

(02:46):
well positioned to be a global leaderin the crypto economy thanks to the high
levels of crypto awareness, a passionatelocal tech ecosystem, and the progress towards
a strong regulatory framework as coinbases nextgo deep market, we are making significant
investments to help Canadians access the benefitsof cryptocurrency. Endue. Lastly, for

(03:14):
today, HUT eight Mining Corps,which trades on the NASDAC under the ticker
symbol HUT, has reported its financialresults for the quarter ended June thirtieth.
Highlights include revenues of nineteen point twomillion dollars Canadian, the mining of three
hundred ninety nine bitcoins, and aninstalled hash rate of two point six x

(03:37):
hash per second as of June thirtieth. The company CFO shnif Visram explained quote.
While we continued to face mining challengesduring the second quarter at Drumheller,
which are reflected in decreased revenue andfewer bitcoin mind, we were successful in

(03:57):
strategically managing our costs in our highperformance computing business. We signed a significant
five year contract during the period andwe'll begin to realize that revenue later this
year. In the meantime, wehave more than one megawat of data center
capacity and existing infrastructure readily available tomeet customers AI and other high performance computing

(04:20):
demands. End quote. That doesit for today's Cryptoquorum. If you would
like to be a guest or sponsorfor this podcast, contact investoradias dot com.
The Best Ideas reminds all listeners toread ada screens and disclosures on investor
idias dot com website. This podcastis out endorsement to fire product services or

(04:41):
securities investors that reminded all investment involks risk and possible blows in investment.
To hear more Investor Ideas dot compodcasts, please visit investor idias dot com,
slash audio and a reminder. Youcan also hear our podcasts on Ample
Podcasts, Audible, Spotify, tuneIn, Stitcher, Speaker dot com,
iHeartRadio, Google Podcasts, and mostaudio platforms available. This podcast was sponsored

(05:08):
by Aptech Payments Corp. Aptech isan innovative fintech company whose mission is to
deliver a better way for businesses toprovide their customers with immersive commerce experiences.
For more information, visit Appteccorp dotcom. AppTec trades on the mazdac under
particular simle apc X