Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 691: #Stocks discussed: (NYSE: $ICE) (NasdaqGS: $GOOG) (NasdaqGS: $HUT)

Monday, October 11, 2021

#CryptoCorner #Podcast 691: #Stocks discussed: (NYSE: $ICE) (NasdaqGS: $GOOG) (NasdaqGS: $HUT)

#CryptoCorner #Podcast 691: #Stocks discussed: (NYSE: $ICE) (NasdaqGS: $GOOG) (NasdaqGS: $HUT)

Bitcoin Rallies to Highest Price since May, Bakkt Partners with Google, and Hut 8 to Join 2021 AIM Summit in Dubai

Point Roberts, WA, Delta BC, October 11, 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/2021/101121-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/10111ICE-GOOG-HUT.asp

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Stocks discussed: (NYSE:ICE) (NasdaqGS:GOOG) (NasdaqGS:HUT)

Bitcoin (BTC) has opened the week with a dramatic rally from a low of roughly $54,475 USD earlier this morning, to a trading price of $57,475 at press time, according to data from CoinMarketCap. This is the highest Bitcoin has traded since May 10 this year, when it abruptly crashed nearly $20,000 in just over a week. This comes despite China having effectively banned, first crypto mining, and then crypto activity more broadly in the past weeks. However, with US debt on the rise, and a close brush with default, the value of an alternative store of value, like Bitcoin, may have been reinvigorated.

Bakkt, the crypto arm of Intercontinental Exchange (NYSE:ICE), has partnered with Google (NasdaqGS:GOOG) to “extend the reach and usability of digital assets to meet rapidly evolving consumer demand and preferences.” This will enable users of Bakkt “to add their virtual Bakkt^® Visa^® Debit Card (“Bakkt Card”) into Google Pay to purchase everyday goods and services online, in-store, or wherever Google Pay is accepted. Digital assets such as bitcoin will be converted to fiat currency for these payments to occur.” Bakkt’s CEO, Gavin Michael, said:

“This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner. Additionally, partnering with Google Cloud will enable us to continue to build a best-in-class, innovative platform that can undoubtedly scale to meet the needs of millions of users.”

Hut 8 Mining Corp. (NasdaqGS:HUT) has announced that it is joining the 2021 Dubai Edition of the Alternative Investment Management (AIM) Summit, with CEO Jaime Leverton attending the event’s Crypto Mining Public Company Panel. Leverton commented:

"I feel fortunate to have the opportunity to travel to Dubai alongside my team in an effort to continue to expand Hut 8's network and participate in meaningful sessions relevant to our industry. As one of the leading financial summits of the year, Hut 8's presence at the AIM Summit offers a unique opportunity to reach new investors and collaborate with key industry players. We are thrilled to be a part of it."

Sam Mowers, Investorideas

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