Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Friday, March 6, 2020

#CryptoCorner: #Bitcoin Stays Green, Riot (NASDAQ: $RIOT) Issues Feb 2020 Production Update, Nike (NYSE: $NKE) Participates in First Phase of #Blockchain Supply Chain Project


#CryptoCorner: #Bitcoin Stays Green, Riot (NASDAQ: $RIOT) Issues Feb 2020 Production Update, Nike (NYSE: $NKE) Participates in First Phase of #Blockchain Supply Chain Project



Point Roberts, WA, Delta BC March 6, 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:RIOT) (NYSE:NKE)

Bitcoin (BTC) has staged something of a comeback in the past couple of days, growing from a trading price of about $8,725 on Wednesday’s Crypto Corner to a current trading price of $9,100, according to data from CoinMarketCap. The flagship cryptocurrency broke the $9K barrier early on Thursday, and has stubbornly remained above it so far, despite traditional markets posting losses across the board. This downtrend in the stock market is likely a result of continuing concerns surrounding the spread of the Coronavirus, which the crypto market seemed susceptible to last week as it fell in tandem.

Riot Blockchain, Inc. (NasdaqGS:RIOT) has issued a production update for February 2020. Highlights include the production of 91 newly mined bitcoins, and upgrades to its mining network resulting in “a 147% increase in average daily run rate of bitcoins mined, as compared to the average daily production run rate for the month of December 2019.” The upgrades that spurred this development were specifically the increase of Bitmain S17 miners from 2,940, at the beginning of the month, to 4,000 at the end.

Cointelegraph reports that several major retail companies, including Nike (NYSE:NKE), participated in the first Proof-of-Concept phase of Auburn University RFID Lab’s Chain Integration Pilot (CHIP). According to the report, CHIP “seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain.” According to the project’s whitepaper, it “was able to successfully integrate serialized data streams from source to store, connecting the dots between isolated touch points and forging a history for each product that passed through the supply chain.”

On Wednesday’s Crypto Corner we discussed the news that India’s Supreme Court had overturned the country’s central bank, the Reserve Bank of India (RBI), decision to ban crypto dealings from banks in the country. According to a report from the Economic Times today, however, the RBI plans to file a review petition on the ruling, citing concerns that virtual currencies may put traditional banking at risk. But Abhishek A Rastogi, a partner at corporate law firm Khaitan & Co, explained that such action from the RBI may prove ineffective.

“SC may look at the RBI’s review petition but as of now the cryptocurrency platforms can operate in India. Many companies have even gone bankrupt after the RBI’s diktat and they may also look to initiate action in this regard.”

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

Investorideas.com - Hut 8 (TSX: HUT) (OTCQX: HUTMF) Announces Release Date for Audited Fiscal Year 2019 Financial Results

Investorideas.com - Hut 8 (TSX: HUT) (OTCQX: HUTMF) Announces Release Date for Audited Fiscal Year 2019 Financial Results Join our Investo...