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Crypto Corner Episode 439: BTC Suddenly Breaks $12K, Grayscale's BCH and LTC Trusts Receive DTC Eligibility

ING (NYSE: $ING) & Rolls-Royce Among Companies to Join Blockchain Education Alliance, and Gemini Adds Support for HKD, CAD, AUD

 

Point Roberts, WA and Delta, BC - August 17, 2020 (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 cryptocurrency stocks and the crypto market.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/081720-CryptoMarket.mp3

Crypto Corner Episode 439: BTC Suddenly Breaks $12K, Grayscale's BCH and LTC Trusts Receive DTC Eligibility

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Stocks discussed: (NYSE:ING) (NYSE:BUD)

Bitcoin (BTC), after hovering around $11,800 to $11,900 for the better part of this past weekend, has just rocketed to a trading price of about $12,150 at press time, according to data from CoinMarketCap. Given that this sudden rally took place in less than an hour, it is unclear how stable a gain it will prove to be. In any case, however, this makes for the highest trading price seen in 13 months.

Digital currency asset manager Grayscale Investments has today announced that Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust have received DTC-eligibility, and that eligible shares of the former will be available to trade on OTC Markets under the symbol: BCHG, and the latter under the symbol: LTCN. This follows last week's debut of the company's new advertising campaign, and in particular its History of Money television commercial. Tweeting about the response to the ad, Grayscale CEO Barry Silbert, said:

"Thrilled to share that @Grayscale had our largest fundraising week EVER...$217 million invested into the Grayscale funds. Guess you liked the commercial!"

Cointelegraph reports that several companies, including Dutch multinational banking and financial services corporation ING Group (NYSE:ING), Anheuser-Busch InBev (NYSE:BUD), and Rolls-Royce, have joined the Blockchain Education Alliance. The Alliance, according to the report, aims to support education "to ensure students receive the skills, connections, and knowledge necessary to contribute to the blockchain ecosystem." Ashlie Meredith, the head of education for MouseBelt Blockchain Accelerator - the firm that launched the Alliance - told Cointelegraph:

"In a time when many students will not be returning to campus, increasing opportunities for educational experiences, jobs and internships is of utmost importance."

Crypto exchange giant Gemini has today announced trading support for the Hong Kong dollar (HKD), Australian dollar (AUD), and Canadian dollar (CAD) on its platform. An excerpt from the announcement reads:

Our expansion into new currency offerings is another step forward in our mission to empower individuals around the world through crypto. Stay tuned for more updates on new international currency offerings coming soon.

Sam Mowers, Investorideas

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

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