#CryptoCorner: #Bitcoin Breaks $10K…Briefly, Vo1t Partners with IBM (NYSE: $IBM) for Key Storage, HIVE (TSXV: $HIVE.V) Announces 40% Operating Cost Reduction and Stock Options

#CryptoCorner: #Bitcoin Breaks $10K…Briefly, Vo1t Partners with IBM (NYSE: $IBM) for Key Storage, HIVE (TSXV: $HIVE.V) Announces 40% Operating Cost Reduction and Stock Options

Japanese Lawmaker Pushing for “Digital Yen”



Point Roberts, WA, Delta BC February 10, 2020 -  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:  



Stocks discussed: (NasdaqGS:CME) (NYSE:IBM) (TSXV:HIVE)

Bitcoin (BTC) poked its head above the much-hyped $10,000 support level over the weekend, even reaching a peak of about $10,160 on Sunday, only to drop suddenly to its current trading price of $9,850, according to data from CoinMarketCap. A report from Cointelegraph notes that this movement saw Bitcoin filling a closing “gap” from CME Group’s (NasdaqGS:CME) Futures on Friday. CME’s futures closed at $9,850 on Friday, which is more or less exactly where Bitcoin ended up trading this morning. Cointelegraph writer filbfilb characterized the rise and fall in price:

“This was a fairly mild dip. A backtest of the weekend breakout and the CME gap was a high probability.”
“The question is if we can quickly reclaim 10k or need to test lower.”

As for the wider crypto market, it currently boasts a total market cap of around $283 billion, which is still a bit higher than the $278 billion it entered the weekend with.

CoinDesk reports that Vo1t, a cold storage custody provider, has partnered with IBM (NYSE:IBM) to offer its clients secure private key storage and encryption. The option is part of IBM Hyper Protect, which provides security for cloud data, digital assets and workloads, and “can be installed on the premises or accessed remotely from a client’s computer.”

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has reported that it now anticipates a 40 percent reduction in the operating and maintenance costs at its GPU mining facility in Sweden, as compared to costs from its previous provider agreement. An “unusually warm winter in Sweden” has led to a lower cost in electricity production, according to the announcement. Frank Holmes, Interim Executive Chairman of HIVE, commented:

"We're extremely pleased to have locked in advantageous electricity prices in Sweden through our direct agreements with local suppliers, the result of HIVE assuming full control of its Sweden operations in November. This provides cost certainty and allows us to plan for our next stage of growth. It is another successful step in our efforts to increase our underlying mining profitability in 2020."

Furthermore, HIVE’s Board of Directors has approved the grant of 3,000,000 incentive stock options, “exercisable into the equivalent amount of common shares of the Company at a price of C$0.29 per share.”

HIVE’s stock is up some 22.4 percent at press time. This is likely helped by the news discussed today, but is probably largely fueled by the performance of the crypto market over the weekend.

Reuters reports that Kozo Yamamoto, one of Japan’s senior ruling party lawmakers, is urging his government to create a digital yen to check China’s development of its own digital currency. On the creation of such a currency, Yamamoto told Reuters:

“The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years.”

Yamamoto acknowledged that adoption of digital currencies may undermine the supremacy of the dollar, but that:

“If each country manages to control flows of money with their own (digital) currencies, that could prevent a big swing at a time of crisis and stabilize their own economy.”

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 



Comments

  1. This is how my associate Wesley Virgin's autobiography starts in this SHOCKING and controversial VIDEO.

    You see, Wesley was in the military-and shortly after leaving-he found hidden, "MIND CONTROL" secrets that the CIA and others used to obtain everything they want.

    THESE are the same tactics tons of famous people (especially those who "come out of nowhere") and top business people used to become rich and successful.

    You've heard that you use only 10% of your brain.

    That's mostly because most of your brainpower is UNCONSCIOUS.

    Perhaps that expression has even occurred IN YOUR very own brain... as it did in my good friend Wesley Virgin's brain about seven years ago, while riding an unlicensed, beat-up garbage bucket of a car without a driver's license and with $3 on his debit card.

    "I'm so fed up with living payroll to payroll! When will I finally make it?"

    You've taken part in those types of questions, isn't it right?

    Your own success story is going to happen. All you need is to believe in YOURSELF.

    Take Action Now!

    ReplyDelete
  2. Amazing knowledge and I like to share this kind of information with my friends and hope they like it they why I do Buy Bitcoin at Walmart

    ReplyDelete

Post a Comment