Vancouver, Kelowna, Delta, BC – February 8, 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 770: Stocks discussed: (NasdaqGS: COIN) (NasdaqGM: SDIG) (NEO: WNDR) (ASX: KGN)
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Crypto Corner Episode 770: Crypto Market Integrity Coalition Launches, Stronghold Digital Responds to US Gov’t Inquiry, and WonderFi Partners with Retailer Kogan.com
Stocks discussed: (NasdaqGS:COIN) (NasdaqGM:SDIG) (NEO:WNDR) (ASX:KGN)
Yesterday saw the launch of the Crypto Market Integrity Coalition (CMIC), described as “an industry-defining pledge focused on cultivating a fair digital asset marketplace to combat market abuse and manipulation and promote public and regulatory confidence in the new asset class.” The CMIC was initiated by crypto-native risk management firm Solidus Labs and includes leading crypto firms including Coinbase (NasdaqGS:COIN). Paul Grewal, Chief Legal Officer, Coinbase, commented:
“Coinbase strives to provide our customers a safe, fair, liquid, and transparent trading venue. Along with our advanced market protections, we have operated a robust market surveillance program that utilizes state of the art technology for the past several years. We are constantly working to improve our market safeguards to promote confidence in our digital assets exchange and the ecosystem more broadly. We couldn’t be more excited to join this group of industry leaders and pioneers. Working together, we can resolve to build a safer cryptoeconomy that focuses on the integrity of our interconnected markets.”
In response to an inquiry from U.S. Senators and members of Congress regarding the impact of crypto mining, Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) highlighted its environmental stewardship in a letter. Greg Beard, the company’s Co-Chairman and CEO, said:
“We believe that our differentiated business model demonstrates how Bitcoin mining can have a beneficial impact on the environment, local communities and grid stability.”
An excerpt from the letter reads:
“Bitcoin mining is a primary consumer of our power but does not preclude us from supplying power to the grid when dispatched or during periods of high power prices.”
WonderFi Technologies Inc. (NEO:WNDR) has announced that Kogan.com Ltd. (ASX:KGN), described in the press release as “one of Australia and New Zealand’s largest and most popular online retailers,” is going to “provide marketing support to WonderFi and Bitbuy as a key step towards international expansion and user growth.” This potentially gives WonderFi and Bitbuy, which it recently acquired, access to Kogan.com’s more than 3.3 million active customers in Australia. David Shafer, Executive Director of Kogan.com, said:
“We were pleased to learn of the pending acquisition of Bitbuy by WonderFi, and look forward to becoming shareholders of WonderFi. Kogan.com’s commitment to provide marketing support to the combined company will now include WonderFi, expanding the potential offerings to Australians.”
Sam Mowers, Investorideas
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