Vancouver, Kelowna, Delta, BC – May 9, 2022 (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:
Crypto Corner Podcast 830: Stocks discussed: (NasdaqGS: NVEI) (TSX: GLXY) (NasdaqGS: ARBK)
Nuvei Partners with Bibox for Crypto Access, Galaxy Digital Shares Q1 Financials, and Argo Blockchain Posts April Update
Stocks discussed: (NasdaqGS:NVEI) (TSX:GLXY) (NasdaqGS:ARBK)
Payment firm Nuvei Corporation (NasdaqGS:NVEI) has announced a partnership with AI-driven digital asset trading platform Bibox. This, according to the press release, will give Bibox customers “a unified trading experience by enabling easy access to cryptocurrencies through the Simplex by Nuvei on-ramp solution.” For its own part, Bibox, which supports more than 20 million registered users, offers tools including “coin-margined futures, bot trading, leveraged trading, over-the-counter, and current financing.”
Galaxy Digital Holdings Ltd. (TSX:GLXY) has reported its financial results for the three months ended March 31, 2022. Q1 highlights include a net comprehensive loss of $111.7 million – as opposed to the $858.2 million gain recorded in the prior year period, and $2.5 billion in Partner’s Capital at the quarter’s end – up 50 percent from the $1.7 billion recorded in the prior year period. Michael Novogratz, Founder and CEO of Galaxy Digital, commented:
“Galaxy demonstrated yet another strong quarter against the backdrop of digital asset price declines, and I am proud to see the durability and sustained profitability of our operational business lines, including record contributions from our Investment Banking and Mining segments.
We continue to invest in our people, platforms, and technology as we build the pre-eminent technology-driven financial services and investment management firm.”
Argo Blockchain (NasdaqGS:ARBK) has posted an operational update for the month of April 2022. Highlights include the mining of 166 Bitcoin (BTC) or Bitcoin Equivalent, mining revenue of $6.83 million – down from $6.92 million in March 2022, and the owning of 2,682 Bitcoin at the month’s end. The company also announced the promotion of Justin Nolan to the role of Chief Growth Officer. Argo’s CEO Peter Wall commented:
“Following our stellar 2021 results, this month shows we are on course to strengthen our track record for the year ahead. Justin Nolan has played an integral role in making the opening of our Helios facility in less than a year possible. His promotion to Chief Growth Officer coupled with the facility’s fast turnaround highlights our ambition to significantly improve our scale of operations and further our reputation as an industry leader.”
Sam Mowers, Investorideas
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