Crypto Corner Episode 454: Chamber of Digital Commerce Adds Visa (NYSE: $V), Goldman (NYSE: $GS), Six Digital Exchange

Point Roberts, WA and Delta, BC – September 23, 2020 (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 Episode 454: Chamber of Digital Commerce Adds Visa (NYSE: $V), Goldman (NYSE: $GS), Six Digital Exchange

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Stocks discussed: (NYSE:V) (NYSE:GS) (NYSE:LN) (TSXV:DMGI)

The Chamber of Digital Commerce, a D.C.-based body that represents and advocates for the digital asset and blockchain industry, has added Visa (NYSE:V), Goldman Sachs (NYSE:GS) and Six Digital Exchange (SDX) to its executive committee, according to a report from Cointelegraph. It was also announced that former White House Chief of Staff and a co-founder of the Congressional Blockchain Caucus, Mick Mulvaney, is joining the chamber’s board of advisors. On the subject of the advisory board, the Chamber’s President and Founder, Perianne Boring, told Cointelegraph:

It’s important that when we have diverse views, because when you’re working on public policy, your work impacts everybody. It impacts the entire ecosystem. So you need to make sure you really understand the full scope of an industry and how potential policy could impact everybody.

LINE (NYSE:LN), a messaging giant with over 84 million users in Japan, has introduced a rewards program giving out its LINK token to users, according to a report from CoinDesk. The LINK crypto asset will be awarded to users who connect “their accounts to its three mobile apps, including LINE Pay for remittance and settlement, LINE Securities for personal investment and LINE Score for credit evaluation.” An excerpt from the CoinDesk Japan coverage of the story provides some background:

LINE has been rapidly promoting the blockchain business, which is an important foundation of the token economy concept. In 2018, we created an in-house lab to develop services (apps) using blockchain, encryption technology, and distributed systems using P2P (peer-to-peer) networks. After that, the commercialization of the original blockchain “LINE Blockchain” was started in August.

DMG Blockchain Solutions Inc. (TSXV:DMGI) has received an energy export license from the U.S. Department of Energy, allowing the company to access and purchase cost-effective power from either Canada or the U.S. DMG’s COO Sheldon Bennett said:

“Our power strategy included building and commissioning our private substation with a goal to access wholesale power from the onset. Not only can purchasing power on the open market significantly reduce DMG’s energy costs, but it also minimizes the risk of price rises due to DMG’s operations on the local utility’s rate payers.”

Sam Mowers, Investorideas

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