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Crypto Corner Podcast #490: Stocks discussed (OTCQB: INTV) (NYSE: CIXX) (TSX: BTCG-U) (TSX: GLXY) (CSE: NC)

Bitcoin Rockets Past $20K, CI Global Asset Management Completes Bitcoin Fund IPO with Galaxy Digital, and NetCents Provides Update on Crypto Credit Card

 

Point Roberts, WA and Delta, BC - December 16, 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. Today's podcast was sponsored by Integrated Ventures (OTCQB: INTV), a company focused on acquiring, launching and operating assets in the cryptocurrency sector.

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https://www.investorideas.com/Audio/Podcasts/2020/121620-CryptoMarket.mp3

Crypto Corner Podcast #490: Stocks discussed (OTCQB: INTV) (NYSE: CIXX) (TSX: BTCG-U) (TSX: GLXY) (CSE: NC)

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Stocks discussed: (NYSE:CIXX) (TSX:BTCG-U) (TSX:GLXY) (CSE:NC)

Bitcoin (BTC) has seen a considerable surge this morning, which has taken it to its highest ever trading price, sitting at roughly $20,650 at press time, according to data from CoinMarketCap. Prior to this recent bull run, the cryptocurrency had peaked in December 2017, but began to crash shortly thereafter, eventually leading to what became known as "crypto winter". An article from CoinDesk this morning quotes Soravis Srinawakoon, CEO and co-founder of cross-chain data oracle Band Protocol, on why the climate is different this time:

"When this [rally to near $20,000] happened in 2017, there was a real lack of products for the new converts to experience, whereas today there are endless uses, protocols, services across farming, lending, standard trading, etc. Therefore, we'd expect to see the new adopters hang around this time."

CI Global Asset Management, a subsidiary of CI Financial Corp (NYSE:CIXX), has completed a $72 million IPO for CI Galaxy Bitcoin Fund (TSX:BTCG-U). According to the press release, CI Global Asset Management "is the manager of the Fund," whereas Galaxy Digital Holdings Ltd. (TSX:GLXY) "acts as the bitcoin sub-advisor for the Fund," and "will execute all bitcoin trading on behalf of the Fund." Mike Novogratz, Chairman and CEO of Galaxy Digital, said:

"We are excited to partner with CI Global Asset Management to help bring viable bitcoin exposure to a greater number of investors. CI Galaxy Bitcoin Fund offers investors a simplified path to gain exposure to bitcoin. We are grateful that Canada's progressive nature as a jurisdiction allows CI Galaxy Bitcoin Fund to come forward at this critical time."

NetCents Technology Inc. (CSE:NC) has provided an update on its NetCents Cryptocurrency Credit Card, noting that it has now completed its bank compliance review and is eyeing a launch for early 2021. Clayton Moore, Founder & CEO of NetCents Technology, explained:

"This is going to be one of the largest achievements of NetCents in its history. We expect cryptocurrency to become mainstream and a product like this VISA card will be in high demand as we expect the interest in transacting in cryptocurrency to accelerate in 2021 and beyond, we haven't scratched the surface of where this is going. Additionally, this process of building and documenting our infrastructure and compliance is something that brings additional credibility to our Company and prepares us for the future projects that will require similar high standards of disclosure and transparency."

Sam Mowers, Investorideas

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Crypto Corner Podcast sponsor

Integrated Ventures (OTCQB: INTV) is focused on acquiring, launching and operating assets in the cryptocurrency sector.

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