Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411

Share on StockTwits

Crypto Corner Episode 436: BTC Tests $12K, Exchange Traffic Surging, Riot Blockchain (NasdaqGS: $RIOT) Sees Largest 2020 Gain

Over 10K Blockchain Companies Founded in China So Far This Year

Point Roberts, WA and Delta, BC - August 10, 2020 ( Newswire), 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:

Crypto Corner Episode 436: BTC Tests $12K, Exchange Traffic Surging, Riot Blockchain (NasdaqGS: $RIOT) Sees Largest 2020 Gain


Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:RIOT)

Bitcoin (BTC) weathered the weekend, maintaining a trading price of about $11,500 or higher throughout, and even briefly tested support at $12,000 late Sunday, according to data from CoinMarketCap. After hovering around $12K, Bitcoin suddenly dropped to about $11,730 in the space of ten minutes or so earlier this morning. It has, however, since recovered somewhat and is trading for around $11,970 at press time.

Amid this rally, the average web traffic experienced by popular crypto exchanges saw a surge from June to July by around 13 percent, according to a tweet by ICO Analytics. Expanding on this, ICO Analytics' head of content, Illia Kmez, told Cointelegraph that "centralized crypto exchanges added 26% in web traffic since December 2020." As for decentralized exchanges, another tweet from ICO Analytics indicated that they were also surging, but that:

"Despite significant increase of the traffic none of the DeFi platforms have reached the level of top 20 centralized exchanges."

CoinDesk reports that Riot Blockchain, Inc. (NasdaqGS:RIOT) closed trading last week with its second largest weekly gain since April 2019, making for a 2020 high, as the company gears up for its Q2 earnings release next week. Riot gained 29 percent closing since Monday, closing the week at $3.75, and at press time is trading for $4.06. Jeff McGonegal, CEO of Riot Blockchain, told CoinDesk:

"We're strong believers in the macroeconomic fundamentals underlying bitcoin. Riot's rally is connected to the increasing investor attention paid to bitcoin (BTC) and cryptocurrencies generally."

A tweet from crypto data firm LongHash indicates that China has seen the start of more than 10,000 blockchain companies this year. The tweet reads:

#COVID19 hasn't stopped China's blockchain boom. 10,000+ new blockchain companies have been established in the first 7 months of 2020. Number of new companies on track to surpass those established in 2019.

As a report from Cointelegraph points out, this news comes as "the Chinese government is implementing blockchain for trying to bring more efficient government services," and the country's central bank "got $4.7 million in funding for its blockchain trade platform in the next three years."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About - News that Inspires Big Investing Ideas 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 podcasts are also available on iTunes, Spotify, Tunein, Stitcher,, iHeartRadio and Google Play Music.

Visit the Podcast page at

Disclaimer/Disclosure: 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: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy:

Cryptocurrency Disclaimer news content is not meant to be a solicitation to buy or sell cryptocurrencies and 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 content brand

Follow us on Twitter

Follow us on Facebook

Follow us on YouTube

Download our Mobile App for iPhone and Android



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