AXAHY - Crypto Corner Podcast 570
Point Roberts, WA and Delta, BC - April 15, 2021 (Investorideas.com Newswire) 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/2021/041521-CryptoMarket.mp3
Crypto Corner Podcast 570: (NasdaqGS: ) (NYSEArca: ) OTC: AXAHY) (CSE: .C) (TSXV: .V)
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Crypto Corner Episode 569: Coinbase Lists on Nasdaq, Bitcoin and Ether Hit New ATHs Again, Future FinTech to Acquire 51% of Mingtang Network, and Neptune Digital Assets Announces $40M Private Placement
Stocks discussed: (NasdaqGS:COIN) (NYSEArca:ARKK) (NYSEArca:ARKF) (NYSEArca:ARKW) (OTC:AXAHY) (CSE:LNK) (TSXV:NDA)
Crypto exchange giant Coinbase ( COIN ), which went public with a direct listing on the Nasdaq yesterday, is trading for about $325 USD at press time, after a volatile first day of trading in which it peaked at roughly $429 yesterday, according to CNBC . The company's market cap at one point exceeded $100 billion, but is now sitting at about $61 billion.
Three Ark Investment Management funds - Ark Innovation ETF ( NYSEArca:ARKK ), Ark Fintech Innovation ETF ( NYSEArca:ARKF ) and Ark Next Generation Internet ETF ( NYSEArca:ARKW ) - bought a total of 749,205 Coinbase shares between them, worth about $246 million. CNN coverage of the story quotes BTIG managing director and fintech analyst Mark Palmer:
"We believe COIN, the most popular consumer-facing cryptocurrency exchange in the U.S., is positioned to be a primary beneficiary of the increased adoption of Bitcoin and other digital assets as it continues to scale in the U.S. and internationally."
European insurance giant AXA ( OTC:AXAHY ) has become the first all-lines insurer in Switzerland to allow clients to pay with Bitcoin ( BTC ), according to an announcement today. Claudia Bienentreu, Head of Open Innovation at AXA Switzerland, said:
"This is AXA's response to growing demand from its customers for alternative payment solutions, with new technologies playing an ever greater role."
Pure Digital Power Corp., a joint venture between Link Global Technologies Inc. ( CSE:LNK ) and Neptune Digital Assets Corp. ( TSXV:NDA ), has signed a Letter Of Intent with "a solar consultant, specializing in the adoption of renewable energy, for 20MW of power and associated carbon credits." This comes as part of the company's commitment "to positioning itself as the leader in clean energy BTC mining." Link Global's President and CEO Stephen Jenkins commented
"The growth of solar power in Alberta will keep sustainable energy in the forefront of BTC mining. With the increased market adoption of BTC and the impending IPO of Coinbase, we see the opportunity to expand our mining operations and secure long term sustainable power."
Sam Mowers, Investorideas
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