#CryptoCorner Episode 456: Ebang International Holdings (NasdaqGS: $EBON) Establishes Subsidiary in Canada and Reports H1 2020 Financials, BIGG Digital Assets Inc. (CSE: $BIGG.C) Signs Contract with US Agency for QLUE Solution, and The Bahamas’ Central Bank Announces CBDC Rollout Date

#CryptoCorner Episode 456: Ebang International Holdings (NasdaqGS: $EBON) Establishes Subsidiary in Canada and Reports H1 2020 Financials, BIGG Digital Assets Inc. (CSE: $BIGG.C) Signs Contract with US Agency for QLUE Solution, and The Bahamas’ Central Bank Announces CBDC Rollout Date

 

Point Roberts, WA, Delta BC September 28, 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 cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2020/092820-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/09281EBON-BIGG.asp

 

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:EBON) (CSE:BIGG)

 

Crypto mining machine manufacturer Ebang International Holdings Inc. (NasdaqGS:EBON) has established a wholly-owned subsidiary in Canada to improve its industrial chain layout and upgrade its digital asset financial service platform. Ebang’s Chairman and CEO, Dong Hu, said:

 

“Following our Singapore subsidiary, we are pleased to announce that the Company has established its presence in Canada. This move is in line with the Company’s growth strategy to capture the growth opportunity along the value chain of the blockchain industry and establish a digital asset financial service platform. Our new Canadian subsidiary lays a solid foundation for the Company to enter into North America, a market that represents high recognition of digital currency and robust investment opportunity in digital currency trading platforms.”

 

This follows Ebang’s recent reporting of its unaudited financial results from the first half of fiscal 2020, which revealed a decline in the company’s revenues. For instance, the company’s total computing power sold saw a year-over-year decrease of 86.02 percent, and a 50.6 percent decrease in total net revenues for the first six months of the year. Hu explained, saying:

 

“The outbreak of the COVID-19 has significantly affected business and manufacturing activities worldwide. Measures to contain COVID-19, such as travel restrictions, mandatory quarantines and suspension of business activities have caused severe disruptions and uncertainties to our business operations and adversely affected our results of operations and financial condition. Our chip suppliers have reduced their production capacity due to the impact of the COVID-19, resulting in our shortage of raw materials during the first six months of 2020. Faced with the turbulent social and industrial environment, we have taken timely and proactive measures to ensure the resilience of our business operations and allow us to deliver solid performance after the market condition resumes normal. In light of this, our management has been actively optimizing our revenue structure based on the productivity ratio and strategically exploring expansion into blockchain-enabled financial services.”

 

Blockchain Intelligence Group (BIG), a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG) has signed a 1-year contract with a U.S. Federal Government agency worth CAD $320,000 to deliver QLUE licenses. QLUE (Qualitative Law Enforcement Unified Edge) is a solution built for law enforcement, the financial sector, and regulators to track, trace and monitor illicit cryptocurrency activities. BIG President Lance Morginn said:

 

“QLUE^TM continues to impress prospects and customers alike who are seeking blockchain forensic and graphing tools. This contract further extends BIGs relationship and vendor status with the US government, and once again proves QLUE^TM is an industry leading service.”

 

The Central Bank of the Bahamas has announced that the Sand Dollar, its central bank digital currency (CBDC), will gradually be released nationally beginning on October 20. The first phase of this rollout will focus on private sector readiness, whereas the second phase, planned for the first and second quarters of 2021, will deal with government services and public utilities.

 

Sam Mowers, Investorideas

 

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

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

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 Crypto Corner is part of the Investor Ideas Membership content

 

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: https://www.investorideas.com/Audio/

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

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android  

 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800-665-0411

 

 

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