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 Podcast 489: Sygnum Tokenizes Shares and Gears Up for Possible IPO, and Riot Blockchain (NasdaqGS: $RIOT) Announces 8 MW Pilot Project

 

Point Roberts, WA and Delta, BC - December 14, 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/2020/121420-CryptoMarket.mp3

Crypto Corner Podcast 489: Sygnum Tokenizes Shares and Gears Up for Possible IPO, and Riot Blockchain (NasdaqGS: $RIOT) Announces 8 MW Pilot Project

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NYSE:JPM) (NasdaqGS:RIOT)

Going into this past weekend, Bitcoin (BTC) was trading for about $18,075, after having sunk to a low of roughly $17,630 last Friday, according to data from CoinMarketCap. It has since recovered, however, growing steadily over the weekend, and is trading for around $19,180 at press time. The briefness of this recent downturn in trading price, especially when compared to the selloff-induced declines seen in 2017/18, as well as much more robust institutional adoption and interest in Bitcoin, may indicate a strong case to expect even higher trading prices.

On that subject, strategists from JPMorgan (NYSE:JPM) commented on insurance firm MassMutual's purchase of $100 million in Bitcoin last week, according to Bloomberg:

"MassMutual's Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors. [...] One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual's example."

Swiss crypto bank Sygnum today announced that it "has successfully tokenized its shares, becoming the world's first bank to issue its shares on a distributed ledger." This was done through the company's "in-house tokenization platform, Desygnate" and streamlines Sygnum's share registry, according to the press release. Notably, this tokenization "lays the foundation for Sygnum to eventually go public," and indeed, the bank is already eyeing IPO options, including a possible dual listing with SIX Digital Exchange in Switzerland and/or Singapore. Tim Grant, Head SIX Digital Exchange (SDX), said:

"As we build institutional-grade, future-proof financial market infrastructure that leverages the benefits of distributed ledger technology, we need credible players and pioneers to drive mainstream adoption. We are excited to partner with Sygnum on this journey and hope to facilitate a successful dual listing across Switzerland and Singapore in the future."

Riot Blockchain, Inc. (NasdaqGS:RIOT) has announced an 8 megawatt (MW) pilot project, in collaboration with tech companies Enigma Digital Assets AG and Lancium, LLC, to assess the potential for higher productivity and lower cost mining opportunities in Texas. Jeff McGonegal, CEO of Riot, explained:

"We are pleased to announce the pilot project and look forward to advancing the Company's relationships with Lancium and Enigma. Enigma's immersion modules provide significant potential benefits and Lancium's Smart Response™ software helps miners reduce their cost of power by being opportunistic in the local energy market. When combined, both technologies have the potential to reduce Riot's bitcoin production costs, increase hashrates and significantly extend the life of the Company's bitcoin mining ASICs."

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