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#CryptoCorner: BCH Highest Since June 2019, BIGG (CSE: BIGG) Signs 5-Year Contract with US Gov't Agency

Ripple Partners with IMXI (Nasdaq: IMXI) and Transparent Funding Round Joined by Pantera, Square (NYSE: SQ)

 

Point Roberts, WA and Delta, BC - February 5, 2019 (Investorideas.com Newswire) 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:

https://www.investorideas.com/Audio/Podcasts/2020/020520-CryptoMarket.mp3

The AI Eye: VSBLTY (CSE: VSBY) and Energetika Propel Safety in Mexican Municipalities and HVAC Giant Carrier (NYSE: UTX) Selects AWS (Nasdaq: AMZN) for Digital Transformation

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Stocks discussed: (CSE:BIGG) (NasdaqCM:IMXI) (NYSE:SQ)

It's midway through the week and the crypto market appears to be maintaining some of that upward momentum seen over the weekend. Nearly all of the top 100 coins listed by market cap on CoinMarketCap are in the green this morning, making for a total market capitalization of around $266 billion USD at press time. Of the major altcoins, Bitcoin Cash (BCH) has posted the most impressive performance, having grown some 13 percent since yesterday and trading for $428 currently. In fact, with a market cap of $7.8 billion, Bitcoin Cash is enjoying its highest valuation since June 2019. BCH is set for a halving - which is to say the amount of coins generated each day will drop by 50 percent, thereby making more scarce - in April, which could lead to more upward pressure on its trading price.

BIGG Digital Assets Inc. (CSE:BIGG) yesterday signed a 5-year contract with a United States Federal Government agency for $715,000 CAD to deliver QLUE (Qualitative Law Enforcement Unified Edge) licenses from the firm's subsidiary Blockchain Intelligence Group (BIG). According to the press release, QLUE "enables Law Enforcement, RegTech, Regulators and Government Agencies to literally "follow the virtual money"" by incorporating "advanced techniques and unique search algorithms to detect suspicious activity within cryptocurrency transactions."

Furthermore, today BIGG announced that its subsidiary BIG now has the ability to track and monitor ERC-20 tokens within the aforementioned QLUE, and BitRank. Despite these seemingly positive developments, however, BIGG's stock is down about nine percent today, even as the crypto market is largely green.

Ripple announced yesterday that it had partnered with money remittance services company International Money Express, Inc. (Intermex) (NasdaqCM:IMXI). This will see the latter leveraging Ripple's network of financial institutions, RippleNet, "for faster, transparent cross-border remittance services between the United States and Mexico." Intermex CEO Bob Lisy said:

"We are pleased to have begun the partnership with the Ripple team, and look forward to implementing new solutions on RippleNet and ODL to help drive growth and deliver greater efficiency."

Following the release of this news, Intermex stock price grew from around $10.65 per share to $11.28 per share, but has since cooled down to about $11.13 at press time.

Hedge fund and investment firm Pantera Capital, and financial services and payments company Square, Inc. (NYSE:SQ), have joined a Series-A funding round for Seattle-based startup Transparent Financial Systems, raising $14 million. Transparent is developing a real-time "cryptographic settlement" network, and "will use this round of funding to accelerate product development, engineering, and begin overseas expansion." Mike Brock, Strategic Development, Cash App at Square, commented:

"Square believes that blockchain represents a path towards a more robust, safe, and empowering future for all participants in the economy - from individuals to businesses. We are excited to work with Transparent Systems to bring that vision to the financial system."

Sam Mowers, Investorideas

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