Vancouver, Kelowna, Delta, BC – April 29, 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.
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Crypto Corner Podcast 826: Stocks discussed: (NasdaqGS: HOOD) (NasdaqCM: BTBT) (TSXV: LQWD) (NYSE: V)
Stocks discussed: (NasdaqGS:HOOD) (NasdaqCM:BTBT) (TSXV:LQWD) (NYSE:V)
Robinhood (NasdaqGS:HOOD) has announced its financial results for the first quarter ended March 31, 2022. The company saw a 43 percent decrease in total net revenues to $299 million, and a 48 percent decrease in transaction-based revenues to $218 million. With regard to the latter, revenue from cryptocurrency-based transactions decreased 39 percent to $54 million. Vlad Tenev, CEO and Co-Founder of Robinhood Markets, said:
“This quarter saw our product development engine gain velocity with the rollout of some of our most requested features and capabilities. With the introduction of the Robinhood Cash Card, the release of crypto wallets to all customers, the addition of new coins to our platform, and our agreement to acquire Ziglu Limited, we’ve made huge strides against our roadmap. Looking ahead, we have a suite of new products and services slated for release that we believe will excite and delight our customers.”
Bit Digital, Inc. (NasdaqCM:BTBT) has reported its unaudited Bitcoin (BTC) production and mining operations update for the first quarter ended March 31, 2022. Highlights include the production of 194.48 BTC and 189.26 Ethereum (ETH). Management commentary from the press release reads:
“During the first quarter of 2022, we achieved marked progress, with our deployed mining fleet growing over 35% sequentially. Visibility is improving, and we believe our deployment cadence is poised to improve substantially over the coming months. We continue to target the second half of 2022 for full fleet deployment. We believe 2022 will be yet another transformative year for Bit Digital as we achieve our redeployment targets, execute additional growth initiatives, and progress towards our goal for our mining operations to become entirely carbon-free.”
LQwD FinTech Corp. (TSXV:LQWD) has joined Visa’s (NYSE:V) Fintech Fast Track program. This, according to the press release, will give LQwD access to “the reach, capabilities, and security of Visa’s global payment network,” enabling it “to accelerate the process of bringing Bitcoin to the masses.” Terry Angelos, SVP and Global Head of Fintech, Visa, said:
“By joining Visa’s Fast Track program, exciting fintech companies like LQwD gain valuable access to Visa experts, technology and resources. Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.”
Sam Mowers, Investorideas
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