#CryptoCorner #Podcast Episode 504: #Stocks Mentioned- (NYSE: $ICE) (NasdaqGS: $VIH) (TSXV: $SCT.V) (CSE: $GBLC.C) (OTCQB: $INTV)
#CryptoCorner #Podcast Episode 504: #Stocks Mentioned- (NYSE: $ICE) (NasdaqGS: $VIH) (TSXV: $SCT.V) (CSE: $GBLC.C) (OTCQB: $INTV)
#Bitcoin Breaks
$41K, Bakkt May Go Public Through Potential Merger, Skychain Technologies
Provides Update on Acquisition LOI, and Graph #Blockchain Establishes M&A
Committee
Point Roberts, WA, Delta BC January 8, 2021 - 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. Today’s podcast was sponsored by Integrated Ventures (OTCQB: INTV) , a company focused on acquiring, launching and operating assets in the cryptocurrency sector.
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Stocks discussed: (NYSE:ICE) (NasdaqGS:VIH) (TSXV:SCT)
(CSE:GBLC)
Bitcoin (BTC) is entering the weekend with another new
all-time high, having rocketed to a trading price of about $41,260 at press
time, after peaking at $41,780 earlier this morning, according to data from CoinMarketCap. This comes just a little over three
weeks since Bitcoin smashed its 2017 trading price high of around $20,000,
meaning that it has more than doubled in less than a month. Ether (ETH) continues to perform well, trading for
about $1,260 at press time. Coinciding with this is a new all-time high in
“Ethereum” Google searches, as registered by Google Trends.
Bakkt, the crypto
platform owned by Intercontinental Exchange (NYSE:ICE), is “in advanced talks to go public
through a merger with blank-check firm VPC Impact Acquisition Holdings [NasdaqGS:VIH],” according to an article from Bloomberg. Citing “people with knowledge of the matter,” the article
indicates that the resulting entity could be valued at more than $2 billion,
and that an official announcement is expected soon.
Blockchain
Infrastructure services and power solutions company Skychain Technologies Inc.
(TSXV:SCT) has provided an update regarding a Letter of
Intent (LOI) to acquire an existing 20 Mw crypto mining hosting facility in
Quebec, Canada. SkyChain CEO Bill Zhang said:
"We are making very good progress with the
transaction. With its current growth, we expect the site will be loaded at full
capacity once the purchase is completed sometime in Q1 2021. With lower
operating costs, this revenue stream should contribute to a solid and
profitable operation. The site also holds excellent potential for an internet
data center (IDC) and other high density power consumption industries like GPU
(graphics card processing unit) gaming and cloud-related industry
services."
Commenting on
Bitcoin, Zhang said:
“With Bitcoin reaching record highs and rapidly gaining
worldwide acceptance, we believe SkyChain is in the right place at the right
time. More and more, Bitcoin is being seen as a hedge against inflation and
currency instability, much like gold."
Graph Blockchain
Inc. (CSE:GBLC) has announced the creation of a special committee
to review M&A opportunities in the crypto currency and blockchain sector.
The company’s CEO, Andrew Ryu, said:
“As a result of the inbound interest from various
third-party groups with crypto/blockchain companies looking to be acquired, the
board of directors felt the appropriate action would be to set up a special
committee to review opportunities and present them to the board once vetted.
The recent uptrend in crypto currencies has spurred renewed interest in the
sector and as one of the remaining crypto/blockchain companies on the CSE we
are receiving proposals.”
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.
Crypto Corner Podcast sponsor
Integrated Ventures (OTCQB: INTV) is focused on acquiring, launching and operating assets in the cryptocurrency sector.
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