Vancouver, Kelowna, Delta, BC – February 17, 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 777: Stocks discussed: (NYSE: TWTR) (NYSE: BKKT) (NYSE: BTCM)
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Stocks discussed: (NYSE:TWTR) (NYSE:BKKT) (NYSE:BTCM)
Twitter (NYSE:TWTR) has added the ability for users to send and receive Ethereum (ETH) as part of the site’s Tips feature, according to a tweet from @TwitterSupport yesterday. The tweet explains that in order to enjoy this feature, users must add an Ethereum address to the Tips portion of their profile. This follows the social media platform’s announcement of the addition of Bitcoin (BTC) tipping on September 23, 2021.
Bakkt Holdings, Inc. (NYSE:BKKT) has reported its financial results for the fourth quarter and full year ended December 31, 2021. Highlights include a Q4 combined net revenue of $13.7 million – up 45 percent over the same quarter of the prior year, and the signing of partnerships across crypto services, loyalty and payments. Gavin Michael, CEO of Bakkt, said:
“Our impressive revenue growth in the fourth quarter and full year reflects the strong momentum we are seeing across our platform as we continue to diversify our future revenue streams. We are excited to provide crypto services, loyalty and payments to our growing list of signed partners. We’re working closely with our partners to launch new solutions such as crypto rewards and crypto disbursements in the near-term. In addition, we will be expanding on our offerings to enable open loop crypto wallets and offer additional cryptos on our platform. We have a strong balance sheet and are well-capitalized to grow our business.”
BIT Mining Limited (NYSE:BTCM) has announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021. Highlights include Q4 revenues of $495.8 million, and full year 2021 revenues of $1.326 billion. Xianfeng Yang, CEO of BIT Mining, commented:
“We are glad to announce our fourth quarter and full year 2021 financial results, as we continue to execute on our strategy to create value within the cryptocurrency ecosystem. Over the past year, we completed the migration of our mining machines to new mining sites in North America and Central Asia. We also made significant progress in the construction of our U.S. based data centres, which now provide critical operational efficiencies for our business. Additionally, anticipating Ethereum’s potential to play a pivotal role in the decentralization and tokenization that are driving internet technology innovation, we deployed significant Ethereum computing power in 2021. These deployments have generated positive returns, illustrating our team’s ability to spot industry trends and deploy capital profitably. Looking forward, we plan to continue to enhance our value proposition and further strengthen our mining technology.”
Sam Mowers, Investorideas
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