Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner Episode 475: #Bitcoin Set to Rally After Whale Sell-Off? Riot (NasdaqCM: $RIOT) Reports Q3 Results, and tZero (NasdaqGM: $OSTK) Expands Into Ireland

Wednesday, November 11, 2020

#CryptoCorner Episode 475: #Bitcoin Set to Rally After Whale Sell-Off? Riot (NasdaqCM: $RIOT) Reports Q3 Results, and tZero (NasdaqGM: $OSTK) Expands Into Ireland

#CryptoCorner Episode 475: #Bitcoin Set to Rally After Whale Sell-Off? Riot (NasdaqCM: $RIOT) Reports Q3 Results, and tZero (NasdaqGM: $OSTK) Expands Into Ireland

Point Roberts, WA, Delta BC November 11, 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/2020/111120-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/11111Bitcoin-RIOT-OSTK.asp

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqCM:RIOT) (NasdaqGM:OSTK)

Bitcoin (BTC) has climbed back up since we last checked in on Monday’s Crypto Corner, growing from $15,285 to a present trading price of about $15,600, according to data from CoinMarketCap. This uptick comes after “whales [big money crypto holders] sold the highest amount of BTC since March,” according to a report from Cointelegraph today. An excerpt from the article, by writer Joseph Young, explains:

Many whales prefer to take profits amid a bull run and build up positions along the way. This is because whales trade substantially larger positions than most retail traders. As such, they seek liquidity and high buyer demand to sell or adjust their positions.

Bitcoin tends to rally after a whale-induced sell-off because it decreases selling pressure on the cryptocurrency in the short to medium term.

Riot Blockchain, Inc. (NasdaqCM:RIOT) has reported its third quarter 2020 financial results, as well as some of its recent operational and financial highlights. The company increased its mining revenue by 21 percent to $6.7 million for the nine-month period ended September 30, 2020, and increased crypto mining revenue margin to 38 percent in the same period. Operational highlights include the deployment of 3,040 next-generation Bitmain S19 and S19 Pro Antminers from July through November 2020, bringing the company’s total hashrate capacity to 566 PH/s, and the contracting for 15,600 next-generation Bitmain S19 Pro Antminers in the third quarter of 2020.

Overstock (NasdaqGM:OSTK) is expanding tZero, its blockchain division, in Sligo, Ireland, according to local outlet Silicon Republic. The company will be hiring four software and DevOps engineers to work for tZero, with more to follow. David Kenny, Overstock’s vice-president of software development, explained:

“The vision behind tZero is a marketplace to enable liquidity for private assets, using blockchain and smart-contract technology. Through technology, we can enforce regulatory requirements and, as a by-product, increase transparency and reduce settlement time.”

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.