#CryptoCorner #Podcast 525: #Stocks discussed: (CSE: $BIGG.C) (CSE: $NC.C) (CSE: $GBLC.C)
#CryptoCorner #Podcast 525: #Stocks discussed: (CSE: $BIGG.C) (CSE: $NC.C) (CSE: $GBLC.C)
#Bitcoin Hits New
ATH as Rally Continues, BIGG Intends to Acquire BTC with Free Cash Flows,
NetCents Reports Over $4 Million Trading Volume on Exchange for January, and
Graph #Blockchain Receives Contract from Rainbow Soft
Point Roberts, WA, Delta BC February 9, 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.
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Crypto Corner Podcast:
https://www.investorideas.com/Audio/Podcasts/2021/020921-CryptoMarket.mp3
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at https://www.investorideas.com/news/2021/crypto-corner/02091BIGG-NC-GBLC.asp
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Stocks discussed: (CSE: $BIGG.C) (CSE: $NC.C) (CSE:
$GBLC.C)
In the past 24
hours Bitcoin (BTC) blew past the $44,000 all-time high
trading price it established ahead of yesterday’s Crypto Corner, peaking at about $48,000, according to data from CoinMarketCap.
The rally is not confined to Bitcoin, however, as Ether (ETH) also registered a new all-time high
trading price of about $1,815 in the last day. At press time, Bitcoin is
trading for roughly $47,000, and Ether is trading for $1,745.
BIGG Digital Assets
Inc. (CSE:BIGG) has announced that it intends to acquire
additional Bitcoin with free cash flows from operations. The company’s
operating businesses include online cryptocurrency brokerage Netcoins and
Blockchain Intelligence Group, a developer of Blockchain technology search,
risk-scoring and data analytics solutions. BIGG’s CEO, Mark Binns, explained:
“BIGG is a compliance-first crypto company
that believes Bitcoin offers the best store of value for its free cash flows.
This has led us to adopt an initiative of reinvestment into the underlying
asset of our industry. Of late, we are seeing a surge in the number of
corporations buying Bitcoin to hold as a treasury reserve asset. We have held
Bitcoin on our balance sheet since 2017, and foresee the next evolution being
the investment of fiat profits into crypto. BIGG aims to be at the forefront of
this movement. Profits from Netcoins’ trading and Blockchain Intelligence
Group’s software sales earned in fiat will be converted into and held in
Bitcoin, until such time as required by operational demands. The decision to
roll forward our profits into Bitcoin, where we anticipate returns to outpace
fiat values, is easy and highly strategic.”
Crypto payments
firm NetCents Technology Inc. (CSE:NC) has reported that trading volume, i.e. purchases
and sales of cryptocurrency, and user deposits on its NC Exchange exceeded $4
million in January 2021, setting a new monthly record. The company’s Founder
and CEO, Clayton Moore, commented:
"Over the past two years, our focus has been on
building merchant and partner acquisition and increasing merchant processing
volumes, both of which have been growing rapidly over the past year. Heading
into 2021, we are fine tuning our exchange product in support of our payment
processing business - the early results of this effort are already paying off
as demonstrated by large increases in volume on the exchange. This strong
trading activity is another validation of our financial ecosystem growth
strategy, and perhaps our high-quality software design and user
experience."
Graph Blockchain
Inc. (CSE:GBLC) has received a blockchain contract from Rainbow
Soft, worth $100,000 CAD to provide a blockchain proof of concept framework for
Business Intelligence and Basic Function on the latter’s cloud-based BlockBed
modular platform. According to the press release, “BlockBed technology uses
blockchain to ensure the safe, legal, and authenticated flow of information
combined with Graph's database to scale business and increase control and
enhance speed of a network based on Enterprise Resource Planning that can track
orders, payments, accounts, production, analytics, and transaction flow.”
Sam Mowers, Investorideas
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