#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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https://www.investorideas.com/Audio/Podcasts/2021/020921-CryptoMarket.mp3

 

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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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