#CryptoCorner: BTC Denied $10K Over Weekend, Hut 8 (TSX: $HUT.TO) Finalizes Amendments to Bitfury Agreements, Shopify (NYSE: $SHOP) Joins Libra (NasdaqGS: $FB), JPMorgan (NYSE: $JPM) Report Observes #Blockchain, #Crypto Trends
#CryptoCorner: BTC
Denied $10K Over Weekend, Hut 8 (TSX: $HUT.TO) Finalizes Amendments to Bitfury
Agreements, Shopify (NYSE: $SHOP) Joins Libra (NasdaqGS: $FB), JPMorgan (NYSE:
$JPM) Report Observes #Blockchain, #Crypto Trends
Point Roberts, WA, Delta BC February 24,
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: (TSX:HUT) (NYSE:SHOP) (NasdaqGS:FB)
(NYSE:JPM)
As we open another
week, Bitcoin (BTC) is trading for
$9,770, not too far off from the $9,670 we left it at last Friday’s Crypto
Corner. Over the weekend, however, Bitcoin got as high as $9,950, according to
data from CoinMarketCap, being denied the
$10K support level. An analysis on CoinDesk by writer Omkar
Godbole stresses the bullish significance of crossing $10K and the consequences
of bear trends prevailing:
● A sustained break above $10,028 would invalidate that
pattern and revive the bullish view, opening the doors for resistance at
$10,300 and $10,500.
● On the downside, key average support at $9,508 is the
target for the bears. A violation there would likely bring a deeper drop to
$9,075 (Feb. 4 low).
Hut 8 Mining Corp.
(TSX:HUT) has announced the finalization
of amendments to key agreements with Bitfury Holding BV. Hut 8 paid debt and
interest to Bitfury through a $5 million loan from Genesis Global Capital, LLC
as part of the transaction. According to the press release:
The amendments to key agreements allow for increased
autonomy for Hut 8 and a reduction of costs up to $2 million annually, while
still maintaining Bitfury as a key strategic partner and shareholder.
E-commerce firm
Shopify (NYSE:SHOP) has joined the
Libra Association, the network of companies supporting Facebook’s (NasdaqGS:FB) Libra
cryptocurrency, according to an official company statement. The company
expressed its goals of improving the cross-border potential of commerce and
providing easier access to merchants and consumers. An excerpt reads:
Our mission has always been to support the
entrepreneurial journey of the more than one million merchants on our platform.
That means advocating for transparent fees and easy access to capital, and
ensuring the security and privacy of our merchants’ customer data. We want to
create an infrastructure that empowers more entrepreneurs around the world.
A new report published by
banking giant JPMorgan Chase & Co. (NYSE:JPM) looks at the
state and trends of blockchain, digital currency and cryptocurrency adoption.
Notably, the report projects that “Widespread implementation of blockchain
solutions in traditional banking is likely three to five years away and will be
concentrated in trade finance and payments.” And while the report acknowledges
that “Cryptocurrency trading participation by institutional investors is now
significant,” they “continue to have a limited role in portfolio
diversification or as a hedge instrument,” and that “volatility remains a
severe impediment to broader adoption.”
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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Look at the way my associate Wesley Virgin's tale starts with this SHOCKING AND CONTROVERSIAL VIDEO.
ReplyDeleteAs a matter of fact, Wesley was in the military-and soon after leaving-he discovered hidden, "SELF MIND CONTROL" tactics that the government and others used to get whatever they want.
THESE are the EXACT same tactics lots of famous people (notably those who "became famous out of nothing") and elite business people used to become rich and successful.
You probably know how you use less than 10% of your brain.
That's because most of your brain's power is UNCONSCIOUS.
Perhaps that thought has even occurred IN YOUR very own mind... as it did in my good friend Wesley Virgin's mind around 7 years ago, while riding a non-registered, beat-up trash bucket of a car without a license and $3 in his pocket.
"I'm absolutely frustrated with living paycheck to paycheck! Why can't I turn myself successful?"
You took part in those types of questions, am I right?
Your success story is waiting to start. All you have to do is in YOURSELF.
Take Action Now!