Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Friday, November 29, 2019

#CryptoCorner: 3iQ Files Preliminary Prospectus for #Bitcoin Fund, Hut 8 (TSX: $HUT.TO) Completes $7 Million Purchase


#CryptoCorner: 3iQ Files Preliminary Prospectus for #Bitcoin Fund, Hut 8 (TSX: $HUT.TO) Completes $7 Million Purchase



Point Roberts, WA, Delta BC November 29, 2019 - 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 the cryptocurrency market .

Listen to today’s Crypto Corner Podcast:  



3iQ Files Preliminary Prospectus for Bitcoin Fund, Russia’s Central Bank Supports Crypto Payments Ban, Germany Passes Bill Allowing Banks to Sell and Hold Crypto and Hut 8 Completes $7 Million Purchase

Stocks discussed (TSX:HUT)

Canadian investment fund manager 3iQ Corp (TSX:0P0001DH7Y) has filed a preliminary prospectus for its close-end Bitcoin fund, which is expected to be available on the Toronto Stock Exchange later this year, according to a report from Cointelegraph. The firm’s President and CEO Fred Pye told the publication:

“We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on board. We’re hoping that two or three of Canada’s biggest banks, specifically ones that want to lead in fintech space, will join the syndicate group.”

Russian state news outlet RIA Novosti reports that the country’s central bank supports the idea of banning crypto payments. An unnamed representative of the central bank said:

“The only legal tender in the Russian Federation is the ruble. We continue to believe that cryptocurrencies carry significant risks, including in the field of laundering of proceeds from crime and the financing of terrorism, as well as during exchange transactions due to sharp exchange rate fluctuations.”

“In our opinion, private cryptocurrencies cannot be equated with fiat money and cannot be legal tender. If it is decided to ban cryptocurrencies as a means of payment at the legislative level, we consider it appropriate to support this position.”

Meanwhile, in Germany a newly passed bill will enable banks to offer cryptocurrency holding and selling, according to local business outlet Handelsblatt. Sven Hildebrandt, head of the consulting firm DLC, said:

"Germany is well on its way to becoming a crypto-heaven. The German legislator is playing a pioneering role in the regulation of crypto.”

Crypto mining firm Hut 8 Mining Corp. (TSX:HUT) has finalized the purchase of 9 Blockbox AC data centers for $7 million USD from the Bitfury Group at its facility in Drumheller, Alberta. The acquisition, now fully operational, adds 16 percent to Hut 8’s capacity of operations. Hut 8 CEO Andrew Kiguel commented:

"This upgrade allows Hut 8 to take 100% ownership of the Drumheller facility, which will bring further cost savings. This upgrade was funded from Hut 8's balance sheet, which remains strong after this transaction and prior debt repayments."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .


The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas
Download our Mobile App for iPhone and Android  

Contact Investorideas.com
800-665-0411



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 








No comments:

Post a Comment

Canada is the one of the most crypto obsessed countries in the world, study finds

Canada is the one of the most crypto obsessed countries in the world, study finds