Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 494: #Stocks discussed: (OTC: $GBTC) (NasdaqGS: $BTBT) (OTCQB: $INTV)

Wednesday, December 23, 2020

#CryptoCorner #Podcast 494: #Stocks discussed: (OTC: $GBTC) (NasdaqGS: $BTBT) (OTCQB: $INTV)

#CryptoCorner #Podcast 494: #Stocks discussed: (OTC: $GBTC) (NasdaqGS: $BTBT) (OTCQB: $INTV)

Grayscale Adds Over 12K BTC to #Bitcoin Trust in One Day, SkyBridge Capital Launches Bitcoin Fund, Bit Digital Reports Q3 Financials, and Coinbase to Expand with Operations in Canada

Point Roberts, WA, Delta BC December 23, 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. Today’s podcast was sponsored by Integrated Ventures (OTCQB: INTV) , a company focused on acquiring, launching and operating assets in the cryptocurrency sector.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/122320-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/12231GBTC-BTBT-INTV.asp

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Stocks discussed: (OTC:GBTC) (NasdaqGS:BTBT)

Bitcoin (BTC) took somewhat of a plunge earlier this morning, falling from a trading price of about $23,700 to as low as about $23,000, according to data from CoinMarketCap. This only lasted for about an hour, however, before it raced back up to nearly $24,000 in the space of another hour, roughly, and is trading for about $23,775 at press time.

Meanwhile, Cointelegraph reports that yesterday Grayscale added 12,319 BTC ($284.5 million) to its Grayscale Bitcoin Trust (OTC:GBTC), an amount that exceeds the 11,512 BTC ($266.1 million) it added in the whole of last week. And elsewhere Yahoo Finance reports that SkyBridge Capital, an investment firm founded by Anthony Scaramucci, has launched its own Bitcoin fund with an investment of $25 million. The fund will open to investors on Jan. 4 “with a minimum subscription size of $50,000.” Scaramucci said:

"So, we think there's a very large move for Bitcoin over the next five to ten years. We think it's a product that people will have in their portfolios, and we wanted to get out there with something that could be available to RIAs, the mass affluent, and people who have an interest in owning some digital assets."

Crypto miner Bit Digital, Inc. (NasdaqGS:BTBT) has announced its unaudited financial results for the third quarter ended September 30, 2020. Financial highlights from the third quarter include revenue of $7.91 million from bitcoin mining business, 739.51 bitcoins earned, and a net income from continuing operations of $0.10 million (compared to a net loss of $1.79 million in Q3 2019).

Crypto exchange giant Coinbase announced in a blog post yesterday that it is “establishing operations in Canada for the first time,” as part of its continuing international expansion. An excerpt from the blog post reads:

As we announced earlier this year, Coinbase is committed to being a remote-first company, which means that new hires in Canada and elsewhere will have the option to work anywhere in their country of hire. We expect to open a physical office for Canadian employees later in 2021, as COVID-related conditions allow.

Coinbase also filed preliminary documents with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO), as reported in Crypto Corner last week.

Sam Mowers, Investorideas

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Crypto Corner Podcast sponsor

Integrated Ventures (OTCQB: INTV) is focused on acquiring, launching and operating assets in the cryptocurrency sector.

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