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Crypto Corner Podcast 575: Stocks discussed: (NasdaqGS: $NCTY) (TSXV: $SCT.V) (CSE: $BIGG.C) (NYSEArca: $ARKK) (NasdaqGS: $COIN)

The9 Signs $4M Term Sheet with Skychain Technologies, BIGG’s Netcoins Records Daily Trading Record, BIG Partners with Brane Capital, and Ark Investment Funds Buy More Coinbase Shares

 

Point Roberts, WA and Delta, BC - April 22, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/042221-CryptoMarket.mp3

Crypto Corner Podcast 575: Stocks discussed: (NasdaqGS: $NCTY) (TSXV: $SCT.V) (CSE: $BIGG.C) (NYSEArca: $ARKK) (NasdaqGS: $COIN)

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Stocks discussed: (NasdaqGS:NCTY) (TSXV:SCT) (CSE:BIGG) (NYSEArca:ARKK) (NYSEArca:ARKW) (NasdaqGS:COIN)

The9 Limited (NasdaqGS:NCTY) has signed a legally binding term sheet on a $4 million CAD investment in Skychain Technologies Inc. (TSXV:SCT) The aim of the investment is for the construction and operation of a 12 MW cryptocurrency mining facility in Manitoba, Canada, where The9 plans "to deploy its cryptocurrency mining machines in this mining facility upon completion of the construction." Bill Zhang, SkyChain's President and CEO, commented:

"The9 is an industry leader in crypto mining services. We look forward to working with them as a strategic partner, providing the Birtle Project with a long-term, high-performing and reliable mining operation."

Netcoins, the online cryptocurrency brokerage subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced a new record for April 20th, when it processed over $23 Million in digital asset trades. Netcoins president, Mitchell Demeter, said:

"Netcoins' monthly trading volumes continue to rise as new customers join the platform from across Canada seeking exposure to digital assets. We are also seeing an increase in institutional investors signing up for Netcoins, further helping our volume growth. We are actually growing the overall crypto market in Canada daily, as most customers are still new to digital asset trading, and Netcoins is helping them get started."

Blockchain Intelligence Group (BIG), also owned by BIGG Digital Assets, has partnered with Canadian fintech firm Brane Capital. The partnership will see BIG's Compliance Suite platform "enhance compliance capabilities for financial institutions and law enforcement customers, bringing real-time transaction monitoring and high-risk transactions under one roof," according to the press release.

Ark Investment Management funds, including Ark Innovation ETF (NYSEArca:ARKK) and Ark Next Generation Internet ETF (NYSEArca:ARKW), have continued to purchase shares of Coinbase (NasdaqGS:COIN), according to a report from CoinDesk. Specifically, 195,108 shares were bought by the former and 52,609 by the latter. A total of 1,571,456 shares have now been purchased by the Ark funds.

Sam Mowers, Investorideas

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