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

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

Episode Transcript

(00:00):
Welcome to today's edition of Cryptocorner atinvestor Ideas dot com, news on what's
driving the cryptocurrency market. Hello everyone, this is Sam Maers here. Welcome
to at the latest episode of theCrypto Corner podcast. For news today,

(00:20):
PayPal has paused its UK crypto purchases, coin Base has been approved for crypto
futures trading, and bit Digital hasreported its QUE two results. Just before
we get into the show, however, a quick reminder that if you enjoy
this podcast to please feel free toshare it or leave us a review,

(00:41):
and as always recommend checking out someof the other podcasts on investor Ideas dot
com. This includes the Cannabis Podcast, the Cleantech and Climate Change Podcast,
along with many others, all ofwhich will bring you up to speed on
the latest stock news and trends intheir respective spaces. All right, so,

(01:02):
payments platform giant PayPal Holdings Ink,which trades on the nasdac as pypl,
has announced a temporary stomp of itscrypto purchases in the UK. This
is according to a report from coinTelegraph. In an email to select UK
users, PayPal indicated that crypto purchaseswould be paused in the UK starting on

(01:26):
October one, twenty twenty three,but added that they expect to re enable
crypto purchases in early twenty twenty four. This, according to the email,
is being done as a response tonew rules enacted by the UK's Financial Conduct
Authority, the FCA, requiring cryptofirms to adopt some additional steps before clients

(01:49):
can buy cryptocurrency. Moving along,coin Base, which trades on the NASDAC
as ci N, has announced thatit has secured ray regulatory approval from the
National Futures Association or NFA, whichis a CFTC designed self regulatory organization to
operate a Future's Commission Merchant or FCMand offer eligible US customers access to crypto

(02:16):
futures. This, according to thecompany's official blog post announcing the news,
will make coin base the first cryptonative leader to directly offer traditional spot crypto
trading alongside regulated and leveraged crypto futureson an integrated trading solution for its verified

(02:37):
customers. An excerpt reads, theglobal crypto derivatives market represents around seventy five
percent of crypto trading volume worldwide andis a critical trader access point. The
ability to trade. Using margin givescustomers leverage and access to the crypto market

(02:58):
with less upfront in estment than traditionalspot trading. Being able to express long
and short positions, Investors also usedderivatives to manage risk on their underlying crypto
assets end quote. Lastly, fortoday, bit Digital, Inc. Which
trades on the NASDAC as a btBT, has reported its financial results for

(03:21):
the second quarter of this year.Highlights include a total revenue of nine million
dollars, largely earned from the company'sbitcoin mining business, total assets worth one
hundred point four million dollars as ofJune thirtieth, and the earning of three
hundred eighteen point four bitcoin in thequarter. An excerpt from the management commentary

(03:43):
section of the press release reads quote, the second quarter of twenty twenty three
was a transitional quarter for bit Digital, as we exited certain legacy hosting relationships,
forged new strategic partnerships, and beganto execute on our growth initiatives.
As of June thirtieth, twenty twentythree, our mining operations were approximately ninety

(04:05):
nine percent carbon free, a significantimprovement from the prior quarter and nearly achieving
our goal for our mining operations tobecome entirely carbon free. We continue to
believe that our industry can only reachits full potential if we remain leaders in
environmental sustainability, and bit Digital intendsto lead by example. End quote that

(04:30):
does it for today's crypto quorum.If you would like to be a guest
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(04:54):
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Google Podcasts, and most audio platformsavailable. This podcast was sponsored by

(05:15):
Apptech Payments Corp. Apptech is aninnovative fintech company whose mission is to deliver
a better way for businesses to providetheir customers with immersive commerce experiences. For
more information, visit Appteccorp dot com. AppTec trades on the MAZDAC under particular
simile apc x