Cryptocurrency Stocks in the News: (TSX: GLXY) (NasdaqGM: SDIG)

Vancouver, Kelowna, Delta, BC – March 31, 2023 (Investorideas.com Newswire) Investorideas.com, a frontrunner in crypto and blockchain investing information brings you right now’s version of the Crypto Corner podcast and commentary on what’s driving cryptocurrency shares and the crypto market.

Right this moment’s podcast is sponsored by Fintech Firm AppTech Funds Corp. (NasdaqCM:APCX).

The Investor concepts Crypto Nook was named one among 14 Greatest Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

Hearken to right now’s Crypto Nook Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/033123-CryptoMarket.mp3

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Alex Adelman, CEO & Co-founder of Bitcoin (BTC) rewards app Lolli, has offered the next commentary to Investorideas.com concerning the state of Bitcoin amid uncertainty available in the market:

“Bitcoin’s bullish momentum for the reason that begin of the 12 months displays renewed investor demand for the main, most decentralized cryptocurrency.

The banking disaster has drawn consideration to bitcoin as a brand new means of storing wealth that’s free from centralized factors of failure. Towards the backdrop of a weakened banking sector, bitcoin’s decentralization is now greater than ever a definite and highly effective benefit and focal point. Bitcoin’s stability and upwards motion will proceed to assist it set up a powerful value historical past and construct investor confidence, additional solidifying its place of energy within the markets.

Bitcoin has gained additional market dominance within the cryptocurrency markets amid a crackdown on extra centralized entities in crypto. Bitcoin is properly positioned to be unaffected by a spate of enforcement actions coming from the SEC, due to its unmatched stage of decentralization. The crackdown is drawing much more consideration and curiosity to bitcoin, and highlighting its singular place amongst cryptocurrencies.

Bitcoin has turn out to be a secure haven for traders amid unsure market circumstances, significantly because the query hangs over the markets of whether or not the Fed will ease up on rates of interest with a decrease CPI.

Bitcoin now occupies a longtime and bonafide place within the monetary markets because it continues to commerce upwards towards unsure market circumstances and outperform the Nasdaq and S&P 500.”

For extra on Lolli, go to their web site at https://www.lolli.com/.

Galaxy Digital Holdings Ltd. (TSX:GLXY) has reported its monetary outcomes for the 12 months ended December 31, 2022. Highlights embrace a internet lack of $287.8 million USD for the fourth quarter ($1 billion for the total 12 months), and a preliminary First Quarter 2023 Earnings earlier than tax of $150 million. Michael Novogratz, Founder and CEO of Galaxy, stated:

“2022 was a formative 12 months for Galaxy, and whereas we and our business confronted unprecedented macroeconomic occasions, we succeeded in staying the course and had been capable of opportunistically make the most of strategic alternatives to construct our working companies for the longer term. I’ve by no means been extra assured in our go-forward technique, companies, and staff.”

Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has announced its monetary and operational outcomes for the fourth quarter and full 12 months 2022. Highlights embrace a This autumn 2022 income of $23.4 million – however a internet lack of $47.4 million, and a present liquidity of about $8.8 million, ($7.7 million in money plus 39 Bitcoin as of March 28, 2023). Greg Beard, the corporate’s Co-Chairman and CEO, stated:

“Over the previous seven months, we’ve made vital progress on our beforehand outlined strategic plan to deleverage, improve liquidity, enhance operational effectivity, and opportunistically rebuild our mining fleet. Because the second quarter of 2022, we’ve introduced a number of agreements to cut back our debt, strengthen our steadiness sheet, and enhance Stronghold’s liquidity place. We anticipated and responded proactively to challenges in our markets whereas prioritizing liquidity to endure by way of a difficult atmosphere and are actually meaningfully higher positioned to make the most of alternatives that come up available in the market.”

Sam Mowers, Investorideas

For traders following the sector Investor Concepts has a complete Bitcoin, Blockchain and Digital Currency Stocks Directory

Podcast sponsor:

AppTech Funds Corp. (NasdaqCM:APCX) is an progressive Fintech firm whose mission is to ship a greater means for companies to supply their clients with immersive commerce experiences. Commerse™, its all-new, patent-backed know-how platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives extremely safe, scalable, cross-border digital banking, text-to-pay, crypto funds and service provider providers altogether from a single, unified stack designed to extend operational efficiencies and development for companies whereas offering the financial comfort that their clients demand from right now’s commerce experiences. For extra data, go to apptechcorp.com.

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