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 509: Stocks discussed: (TSX: $GLXY.TO) (OTCQB: $INTV)

Bitcoin Loses Steam Despite Biden’s $1.9 Trillion Stimulus Announcement, Galaxy Digital Launching Digital Mining Unit, and Coinbase Invests in Titan

 

Point Roberts, WA and Delta, BC - January 15, 2021 (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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/011521-CryptoMarket.mp3

Crypto Corner Episode 509: Stocks discussed: (TSX: $GLXY.TO) (OTCQB: $INTV)

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (TSX:GLXY)

Despite coming close to breaking $40,000 again yesterday, Bitcoin (BTC) appears to have lost some momentum this morning, having fallen to a trading price of roughly $36,500 at press time, according to data from CoinMarketCap. While this is not yet in the neighbourhood of its recent low of around $31,000 (Monday, January 11), it might come as a surprise given yesterday’s announcement of a $1.9 trillion package from the forthcoming Biden administration. Massive government spending is frequently cited as a boon to the crypto market, particularly given its growing status as an alternative store of value to fiat currencies like the US dollar, which become inflated with such expansive spending. A report from CoinDesk on the subject quotes Matthew Dibb, COO, and co-founder of Stack Funds:

“Biden’s stimulus plan has given some strength to the U.S. dollar. However, it remains firmly bearish for the medium term. Any further depreciation of the greenback will lead to a bitcoin rally.”

Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced the launch of Galaxy Digital Mining, described as “a new business unit committed to providing bitcoin miners with a comprehensive suite of financial services and products.” According to the press release, Galaxy Digital Mining, has in turn “established its own proprietary bitcoin mining operation, hosting its machines at a third-party datacenter in the U.S.” Galaxy’s Co-President, Chris Ferraro, said:

"Through consistent and dedicated coverage of this sector over the past two years, we have had the opportunity to review every major proposed project, and our brand and market position uniquely enable us to connect operators and equipment providers with capital. Going forward, we see major opportunities in mining project financing, equipment financing, digital asset-backed financing, as well as working capital optimization and hedging solutions for mine operators and investors utilizing Galaxy Digital Trading's industry-leading capabilities.”

Crypto software and services developer Titan has announced that it has received a strategic investment from Coinbase Ventures, the investment arm of crypto exchange giant Coinbase,  as part of its current seed fundraising round. This comes after an announcement last month, indicating Titan’s launching of the “the first enterprise-grade Bitcoin mining pool in North America,” Titan Pool, with investment from crypto mining leaders CoinMint and Core Scientific. Regarding today’s news, Titan co-founder and CEO Ryan Condron, said:

“The investment from Coinbase Ventures serves as a powerful endorsement of the Titan team, roadmap and vision. Mining has advanced from hobby, to industry, to critical global computing infrastructure, and Titan is prepared to help world-class miners meet these challenges.”

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.

Crypto Corner Podcast sponsor

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

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

Disclosure : INTV is a featured monthly crypto stock on Investorideas.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