#CryptoCorner #Podcast 864: #Stocks discussed: (NYSE: $GME) (NasdaqCM: $EQOS)
Commentary on BTC from BitBull Capital CEO Joe DiPasquale, GameStop Launches NFT Marketplace, and Digivault Partners with Poundtoken
Vancouver, Kelowna, Delta, BC July 12, 2022 - 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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Stocks discussed: (NYSE:GME) (NasdaqCM:EQOS)
Joe DiPasquale, CEO of BitBull Capital, has provided commentary to Investorideas.com addressing the potential price movements of Bitcoin (BTC):
In our comments last week, we indicated that volatility on both sides is typical during such market phases, and the predominant trend still remains bearish for Bitcoin. This was reflected in the continued rejection around the $22-$23k range this week as well. However, we also highlighted some positive buying activity near the lows of this range — around $17-$18k.
We continue to expect choppy price action this month, but volatility will most likely increase leading up to the FOMC meeting near the month's end. More strong bidding around the $17k level, if Bitcoin falls there again, will be a strong signal for the bulls and may indicate the formation of a potential bottom around that price.
GameStop (NYSE:GME) has announced the launch of its non-fungible token (NFT) marketplace, aimed at allowing gamers, creators, collectors and other community members to buy, sell and trade NFTs. The NFT marketplace is described as “a non-custodial, Ethereum [ETH] Layer 2-based marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain.” According to the press release, the marketplace will “expand functionality to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments,” over time.
FCA-registered custody provider Digivault, a subsidiary of Eqonex Limited (NasdaqCM:EQOS), has entered into a partnership with Poundtoken.io, the first British-Isles regulated stablecoin that is 100 percent backed by GBP. Digivault, according to the press release, “will offer the holders of poundtoken secure custody in the UK, through its cold and warm custody solutions,” allowing them to”choose to have their tokens held in vaults, which securely store private keys alongside physical precious assets.” Robert Cooper, CEO at Digivault, said:
"We are delighted to partner with a company that has the same commitment to regulation and transparency as we do. Poundtoken.io is launching at a time when UK investors are looking closely at their stablecoin portfolio to ensure that their assets are liquid and safe. Poundtoken's 100% backed and monthly attestations with a big four accountancy firm will give comfort to those investors and we believe it will fuel demand for the first British-Isles regulated GBP stablecoin."
Sam Mowers, Investorideas
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