#CryptoCorner #Podcast Episode 487: BIGG (CSE: $BIGG.C) Acquires 40 More #Bitcoins and Northern Trust (NasdaqGS: $NTRS) Enters Agreement with Standard Chartered to Launch #Crypto Custody Solution

#CryptoCorner #Podcast Episode 487: BIGG (CSE: $BIGG.C) Acquires 40 More #Bitcoins and Northern Trust (NasdaqGS: $NTRS) Enters Agreement with Standard Chartered to Launch #Crypto Custody Solution

 

Point Roberts, WA, Delta BC, December 9, 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/2020/120920-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/12091BIGG-NTRS.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (CSE:BIGG) (NasdaqGS:NTRS) (LSE:STAN)

 

After having spent all of December so far trading in the neighbourhood of $19,000, Bitcoin (BTC) took a tumble yesterday, losing about a thousand dollars and dipping just below an $18,000 trading price, according to data from CoinMarketCap. At press time, Bitcoin appears to be recovering somewhat, with a trading price of around $18,475. It's possible that this sell-off-induced price drop may be indicative of a cooling around the recent bull trend surrounding Bitcoin, but a CoinDesk article quotes Kenetic Capital co-founder Jehan Chu, who expresses optimism:

 

“Bitcoin’s latest move down is a rest stop on the way to $30k levels by mid-2021. Experienced bitcoin investors are well accustomed to these drops and understand them as opportunities to buy the dip. Longer term, we can expect these moves to become less frequent as institutional funds continue surging into the market and the volatility declines further.”

 

BIGG Digital Assets Inc. (CSE:BIGG) announced that it has acquired 40 additional Bitcoins for long term treasury holding, bringing the firm’s treasury “to ~189.5 Bitcoin, valued at CAD ~$4.65 million (USD ~$3.63 million) as of 4pm PST December 7th, 2020.” The company’s CEO, Mark Binns, commented:

 

“BIGG (formerly BIG Blockchain Intelligence Group) started accumulating Bitcoin as far back as 2015. Bitcoin has appreciated substantially as an asset class over 1, 2, 5 and 10 years horizons, and we believe the potential for impactful price appreciation is stronger today than ever. Institutional involvement and buying, and mainstream adoption, will continue to drive the price of Bitcoin as supply remains capped. We believe our Bitcoin holdings can act as self financing, over time, as we continue to expand our core crypto trading and blockchain forensic software businesses.”

 

US-based investment management firm Northern Trust (NasdaqGS:NTRS) has entered into an agreement with SC Ventures, the innovation and ventures unit of British banking giant Standard Chartered (LSE:STAN), to “launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies.” According to the press release, “Zodia combines the traditional custody principles and expertise of a bank with the agility of a fintech company to provide an infrastructure that meets the high standards and expectations of institutional investors through a platform that adapts to the changing needs of clients and the market.” Pete Cherecwich, President, Corporate & Institutional Services, Northern Trust, explained:

 

"The introduction of digital custody backed by the know-how and experience of global banks is a breakthrough in the evolution and support of institutional cryptocurrency markets. Zodia’s robust capabilities will make it possible for institutional asset owners, family offices and asset managers to invest in a range of cryptocurrencies as interest continues to grow in these emerging and innovative financial instruments."

 

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