#CryptoCorner Episode 439: BTC Suddenly Breaks $12K, Grayscale’s BCH and LTC Trusts Receive DTC Eligibility, ING (NYSE: $ING) & Rolls-Royce Among Companies to Join #Blockchain Education Alliance, and Gemini Adds Support for HKD, CAD, AUD
#CryptoCorner
Episode 439: BTC Suddenly Breaks $12K, Grayscale’s BCH and LTC Trusts Receive
DTC Eligibility, ING (NYSE: $ING) & Rolls-Royce Among Companies to Join #Blockchain
Education Alliance, and Gemini Adds Support for HKD, CAD, AUD
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https://www.investorideas.com/Audio/Podcasts/2020/081720-CryptoMarket.mp3
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Stocks discussed: (NYSE:ING) (NYSE:BUD)
Bitcoin (BTC), after hovering around $11,800 to $11,900
for the better part of this past weekend, has just rocketed to a trading price
of about $12,150 at press time, according to data from CoinMarketCap.
Given that this sudden rally took place in less than an hour, it is unclear how
stable a gain it will prove to be. In any case, however, this makes for the
highest trading price seen in 13 months.
Digital currency
asset manager Grayscale Investments has today announced that Grayscale Bitcoin Cash Trust
and Grayscale Litecoin Trust have received DTC-eligibility, and that eligible
shares of the former will be available to trade on OTC Markets under the
symbol: BCHG, and the latter under the symbol: LTCN. This follows last week’s
debut of the company’s new advertising campaign, and in particular its History of Money television commercial. Tweeting about the response to the ad,
Grayscale CEO Barry Silbert, said:
“Thrilled to share that @Grayscale had our largest fundraising week EVER...$217
million invested into the Grayscale funds. Guess you liked the commercial!”
Cointelegraph reports that several companies,
including Dutch multinational banking and financial services corporation ING
Group (NYSE:ING), Anheuser-Busch InBev (NYSE:BUD), and Rolls-Royce, have joined the
Blockchain Education Alliance. The Alliance, according to the report, aims to
support education “to ensure students receive the skills, connections, and
knowledge necessary to contribute to the blockchain ecosystem.” Ashlie
Meredith, the head of education for MouseBelt Blockchain Accelerator – the firm
that launched the Alliance – told Cointelegraph:
“In a time when many students will not be returning to campus,
increasing opportunities for educational experiences, jobs and internships is
of utmost importance.”
Crypto exchange
giant Gemini has today announced trading support for the Hong Kong
dollar (HKD), Australian dollar (AUD), and Canadian dollar (CAD) on its
platform. An excerpt from the announcement reads:
Our expansion into new currency offerings is another
step forward in our mission to empower individuals around the world through
crypto. Stay tuned for more updates on new international currency offerings
coming soon.
Sam
Mowers, Investorideas
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investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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