Investorideas.com


Be a guest or sponsor our podcasts - learn more about us : 800 665 0411


Share on StockTwits

#CryptoCorner: New Hong Kong Crypto Fund Targets $100M in Total Assets, U.S. Stimulus Cheques May be Going to Crypto and Some Crypto ATMs Experience Traffic Increase

 

Point Roberts, WA and Delta, BC - April 20, 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/2020/042020-CryptoMarket.mp3

#CryptoCorner: New Hong Kong Crypto Fund Targets $100M in Total Assets, U.S. Stimulus Cheques May be Going to Crypto and Some Crypto ATMs Experience Traffic Increase

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Calibra to Create 50 Jobs in Ireland This Year, New Hong Kong Crypto Fund Targets $100M in Total Assets, U.S. Stimulus Cheques May be Going to Crypto and Some Crypto ATMs Experience Traffic Increase

Stocks discussed: (NasdaqGS:FB)

Calibra, the payments subsidiary of Facebook (NasdaqGS:FB), is creating 50 new jobs by the end of this year in Ireland, according to a report from The Irish Times. Calibra, which is tasked with creating the digital wallet for Facebook's Libra digital currency project, currently has a small presence in the country. Laura Morgan Walsh, the company's head of operations, explained the move:

"During this time of global uncertainty, we're continuing to invest in our team located in Dublin. We're actively hiring experts in fraud, compliance, workforce management and customer care to expand our operations team supporting the Calibra wallet."

Bloomberg reports that Arrano Capital, the blockchain arm of Hong Kong asset manager Venture Smart Asia Ltd., has met licensing conditions for the Securities and Futures Commission (SFC) to "deal in virtual assets." According to Arrano Capital's Chief Investment Officer Avaneesh Acquilla, the firm aims to "surpass $100 million in total assets under management through a fund tracking Bitcoin prices within the first year." Acquilla said:

"We decided to launch this fund to address market demand from professional investors who are increasingly focused on Bitcoin as an alternative store of value. Ultimately for Bitcoin to be widely accepted and for people to trust it, there needs to be regulation."

Coinbase CEO Brian Armstrong tweeted a graph that seemed to show a spike in purchases and deposits of around $1,200 - which is the amount included in the U.S. government-issued stimulus cheques - last week. About 80 million U.S. citizens are believed to have received such a cheque, and Armstrong's tweet seems to show that at least some of them are being used to invest in an alternate currency.

CoinDesk reports that some crypto ATMs are claiming an increase in transactions, even while much of the U.S. is under shelter-in-place rulings and discouraged from leaving the home for non-essential business. Marc Grens, co-founder of crypto ATM operator DigitalMint, told CoinDesk in an email:

"Even during a global pandemic, and perhaps more so, Bitcoin and Bitcoin point-of-sale services meet our customers' essential needs in participating in this next-generation of banking, remittance, and e-commerce."

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 Crypto Corner is part of the Investor Ideas Membership content

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:

https://www.investorideas.com/Audio/

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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800-665-0411


Get more Bitcoin and Blockchain Investor ideas - news, articles, podcasts and stock directories