SFTBY - Crypto Corner Podcast 623: SFTBY OSTK EQOS
Point Roberts, WA and Delta, BC - July 1, 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.
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https://www.investorideas.com/Audio/Podcasts/2021/070121-CryptoMarket.mp3
Crypto Corner Podcast 623: Stocks discussed: (OTC: SFTBY) (NasdaqGS: OSTK) (NasdaqCM: EQOS)
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Stocks discussed: (OTC:SFTBY) (NasdaqGS:OSTK) (NasdaqCM:EQOS)
SoftBank Group ( OTC:SFTBY ) has invested $200 million in a Series B round for Brazilian Bitcoin ( BTC ) exchange Mercado Bitcoin, according to CoinDesk . This is the largest Series B round in Latin American history as well as SoftBank's largest investment in a Latin America crypto company. SoftBank Group CEO Marcelo Claure said:
"We've been impressed by 2TM Group's (Mercado Bitcoin's parent company) understanding of the Brazilian ecosystem, as well as their contribution to the evolving regulatory framework in Brazil, all of which have positioned it at the forefront of the Latin American blockchain revolution and as a defining player in the cryptocurrency explosion in Brazil."
tZERO, the blockchain arm of Overstock ( NasdaqGS:OSTK ) has partnered with real estate crowdfunding fintech firm NYCE Group, Inc. The latter was founded by FC Barcelona soccer player Martin Braithwaite and entrepreneur Philip Michael with the aim of creating "100,000 millennial high-net-worth stakeholders of color by 2030 through access to its robust real estate portfolio." The partnership is intended "to digitize approximately $18 million of equity interest in NYCE, once they are issued, subject to regulatory approvals, in the company's upcoming Regulation A+ offering." Philip Michael, CEO of NYCE, said:
"Through our partnership with the leader in liquidity for digital securities, tZERO, we are excited to provide investors with liquidity optionality."
EQONEX Group ( NasdaqCM:EQOS ), recently rebranded from Diginex Limited, has reported its financial results for the fiscal year ended March 31, 2021. Highlights include its being the first company with a cryptocurrency exchange to be listed on Nasdaq in October 2020, and a balance sheet of $52.1 million with no interest-bearing debt as of March 31, 2021. The company's CEO Richard Byworth said:
"This was a watershed year in which we launched our core business line, the EQONEX cryptocurrency exchange, and became the first company with a cryptocurrency exchange to list on Nasdaq. We devoted substantial time and resources towards bootstrapping volumes on EQONEX Exchange to a level where we could begin generating revenue at the very tail end of fiscal year 2021. While daily trading volumes grew to US$15.9 million by March 2021, we have seen this significant growth trend continue with daily volumes reaching in excess of US$180 million in June 2021 month-to-date, a significant portion of which are fee paying volumes."
Sam Mowers, Investorideas
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