#CryptoCorner #Podcast 523: #Stocks discussed: (NasdaqGS: $OSTK) (NasdaqGS: $NCTY) (TSXV: $SCT.V)
#CryptoCorner #Podcast 523: #Stocks discussed:
(NasdaqGS: $OSTK) (NasdaqGS: $NCTY) (TSXV: $SCT.V)
Ether Continues
Setting ATHs, tZero Partners with Tokensoft Transfer Agent, The9 Subsidiary
Signs Purchase Agreement to Buy #Bitcoin Mining Machines, and SkyChain
Expanding Into Edge Computing Sector
Point Roberts, WA, Delta BC February 5, 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.
Listen to today’s Crypto Corner Podcast:
https://www.investorideas.com/Audio/Podcasts/2021/020521-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2021/crypto-corner/02051OSTK-NCTY-SCT.asp
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Stocks discussed: (NasdaqGS:OSTK) (NasdaqGS:NCTY) (TSXV:SCT)
The crypto market
is looking quite green as we head into another weekend. Bitcoin (BTC) is up from yesterday, trading for around
$38,000 at press time, according to data from CoinMarketCap.
Ether (ETH) has continued its green streak with yet
another new all-time high trading price of $1,740 ($1,720 at press time). CoinDesk quotes trader and analyst Alex Kruger
on the possible outcome of the launch of ether futures on the Chicago
Mercantile Exchange set for February 8:
“I don’t expect a crash after the launch, as it
happened in 2017. For two reasons. First, the market is now more mature, the
macro is different, and there are different players involved. Second, ETH remains
a high beta asset. BTC determines the market direction, ETH follows.”
tZero, the
blockchain arm of Overstock (NasdaqGS:OSTK), has announced a partnership and technology
integration with Tokensoft subsidiary, Tokensoft Transfer Agent, described in
the press release as “an SEC-registered transfer agent, to support issuers
using Tokensoft’s digitization and transfer agent services.” This will allow
for securities of issuers utilizing Tokensoft’s services to seamlessly onboard
and trade on the tZERO ATS. Tokensoft CEO Mason Borda said:
"Our mission aligns with tZERO in advancing the
adoption of blockchain in financial markets. We are excited to integrate with
tZERO and provide our customers with a path for secondary liquidity on an
industry-leading trading platform."
NBTC Limited, a
wholly-owned subsidiary of Internet company The9 Limited (NasdaqGS:NCTY), has signed a strategic cooperation framework
purchase agreement with Shenzhen MicroBT Electronics Technology Co., Ltd. “to
purchase 5,000 WhatsMiner bitcoin mining machines from MicroBT within one year,
including but not limited to models M32 and M31S.” The press release indicates
that The9 “also plans to continue purchasing different types of cryptocurrency
mining machines in the near future.”
SkyChain Technologies
Inc. (TSXV:SCT) is preparing to expand its data centre services into the edge
computing sector. The company’s CEO Bill Zhang explained:
"Considering these powerful market trends, we've
identified Edge computing as the next strategic step in our growth. Skychain's
deep experience in cryptocurrency mining has resulted in development of our own
unique high-speed equipment, venues and energy solutions suited perfectly to
Edge computing. As a result, we can provide access to new revenue sources with
only marginal costs of upgrading our facilities."
Sam Mowers, Investorideas
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