Investorideas.com

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 465: Bitcoin Nearing $12K? Bank of Canada Lists Job for CBDC, HIVE (TSXV: $HIVE.V) Reveals Q1 Financial Results

 

Point Roberts, WA and Delta, BC - October 19, 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/2020/101920-CryptoMarket.mp3

Crypto Corner Episode 465: Bitcoin Nearing $12K? Bank of Canada Lists Job for CBDC, HIVE (TSXV: $HIVE.V) Reveals Q1 Financial Results

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (TSXV:HIVE)

Bitcoin (BTC) saw an uptick late Sunday and is currently trading for about $11,690, according to data from CoinMarketCap. This trading price was very briefly attained last Monday, October 12, but flickered out as quick as it came. Aside from that, Bitcoin has been trading below its current price since September 1-2, when it was briefly valued at $12,000 before nose diving somewhat to the $10,200 range. Uncertainties regarding the U.S. Presidential election on November 3, and the possibility of a further government stimulus associated with the COVID-19 pandemic, may be putting the stability of the US dollar in question and consequently driving the crypto market.

The Bank of Canada, Canada's central bank, created a job listing with the title Economist, Digital Currencies and Financial Technologies, which involves work on a central bank digital currency (CBDC). According to the listing, the Bank of Canada is "engaged in a large-scale research program to analyze the risks and opportunities," of innovative fintech, including a "monitoring framework for money and payments and the contingency planning for a central bank digital currency (CBDC)." The applicant for the job listed is expected to "monitor and analyze developments in electronic money and payments, including CBDCs, cryptocurrencies, stable coins, crypto exchanges, and others," and "provide analysis relevant for the potential development of a CBDC."

Meanwhile, Cointelegraph reports that according to the U.S. Federal Reserve chairman, Jerome Powell, America is not in a particular hurry to issue its own CBDC. Speaking this morning at a panel on cross-border payments hosted by the International Monetary Fund, Powell commented:

"We have not made a decision to issue a CBDC, and we think there's a great deal of work yet to be done. [...] In fact, I actually do think that CBDC is one of those issues where it's more important for the United States to get it right than it is to be first."

Powell went on to elaborate:

"Unlike some jurisdictions, here in the United States we continue to see strong demand for cash. Moreover, we have robust and mature financial and banking sectors, and we have a highly banked population, so that many, although not all, already have access to the electronic payment system."

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) recently revealed its financial results for the first quarter ended June 30, 2020, which included income from digital currency mining of $6.6 million. Frank Holmes, Interim Executive Chairman of HIVE, commented:

"The first quarter marked an important period of transition for HIVE as we completed the assumption of direct control of our data centre operations from our former strategic partner and diversified our operations through the acquisition of our data centre facility in Canada to complement our Ethereum mining data centres in Europe, all of which are powered by green energy, which produce coins such as Ethereum and Bitcoin continuously in the cloud."

Sam Mowers, Investorideas

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

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

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