#CryptoCorner: Canaan (NasdaqGM: $CAN) Sees Stock Decline Following IPO, Honeywell (NYSE: $HON) Partners for #Blockchain Solution Against Counterfeit in Aerospace Industry, HTC Downsizes with Focus on VR and Blockchain Phone and Fidelity Digital Assets Expanding to UK
Point Roberts, WA, Delta BC December 18, 2019 - 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 the cryptocurrency market .
Listen to today’s Crypto Corner Podcast:
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/12181CAN-HON-HTC-FidelityDigital.asp
Stocks discussed: (NasdaqGM:CAN) (NYSE:HON) (TWSE:2498)
According to a report from CoinDesk, crypto mining firm Canaan Inc. (NasdaqGM:CAN) has seen its stock price decline “in all but four of [its] first 17 trading sessions” since going public on November 21 this year. Though valued at $1.3 billion at the time of its IPO, the company is reportedly “down 35 percent since the start of last week” alone. The CoinDesk report cites an industry sales slump for crypto mining computers, as well as competition with rival Bitmain as possible reasons for Canaan’s difficulties.
Honeywell International Inc. (NYSE:HON) is collaborating with companies iTRACE and SecureMarking to fight counterfeit in the aerospace market with blockchain technology. Lisa Butters, general manager of Honeywell's GoDirect Trade online marketplace, explained:
"Honeywell is committed to enhancing part provenance and authenticity in aerospace part sales, and to provide transparency by storing digital verification records onto the blockchain ledger for all to see. Our mission is to build the first aerospace marketplace that customers can confidently buy quality parts from. Our work with Honeywell PMT, SecureMarking and iTRACE is bringing new levels of security to the aviation industry."
Taiwanese electronics giant HTC (TWSE:2498) revealed its intention to downsize and focus on its VIVE virtual reality system and Exodus series of blockchain-based smartphones, according to local outlet Taiwan News. The downsizing, described as a “workforce adjustment”, is part of the company’s realignment strategy. An excerpt from the article reads:
“The company, which has around 3,000 employees, did not reveal details of the planned layoffs such as the numbers and departments to be affected. Those who get sacked will still be eligible to receive two months' salary as their year-end bonus…”
Cointelegraph reports that Fidelity Digital Assets, the crypto arm of multinational Fidelity Investments, is expanding its services to the UK. This UK branch will launch with only services related to Bitcoin (BTC) initially. A Fidelity representative told the publication that the firm was prepared to adapt to the different regulatory environment in the UK.
“We recognize that the regulatory requirements for service providers in the digital assets space is evolving, and we intend to comply with all applicable requirements in the U.K. and elsewhere as we continue to globally expand our services to the institutional investment community.”
Sam Mowers, Investorideas
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
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 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:
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.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Contact Investorideas.com
800-665-0411