Point Roberts, WA and Delta, BC – August 7, 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:
#CryptoCorner Episode 435: BTC Continues Steady Climb, Integrated Ventures (OTCQB: $INTV) Executes $1M Term Sheet with Eagle Equities and Announces Expansion of Operations
Crypto Corner Episode 435: BTC Continues Steady Climb, Integrated Ventures Executes $1M Term Sheet with Eagle Equities and Announces Expansion of Operations, Goldman Sachs Considering Digital Token.
Stocks discussed: (OTCQB:INTV) (NYSE:GS)
Bitcoin (BTC) has continued a modest but steady climb since we last checked in on Wednesday’s Crypto Corner. At press time, it is clocking in at a trading price of $11,720 after having reached as high as $11,900 just yesterday, according to data from CoinMarketCap.
Joshua Frank, co-founder and CEO of data aggregator The Tie, told Cointelegraph that “the 30-day average number of Twitter users discussing Bitcoin has spiked from 24,000 to 30,000 over the last two weeks,” and that:
“Bitcoin hit its highest daily tweet volume level since June 26th 2019 in the wake of the Twitter scam on July 16th. While it isn’t clear that the run-up had any correlation to the scam, we have seen in the past that, all else equal, the more users talking about Bitcoin the better the asset performs.”
Digital currency firm Integrated Ventures, Inc. (OTCQB:INTV) has disclosed the execution of a $1,086,956 Term Sheet with Eagle Equities, LLC which, according to the press release, “will be used to expand cryptocurrency operations and to support future acquired operations.” The company’s CEO, Steve Rubakh, added that:
“The Company plans to diversify and expand its operations, by acquiring revenue generating assets that are available at below market pricing. We intend to assemble a team, consisting of experienced and seasoned business professionals, ready to execute a value driven approach, thru a bottom-up research and due diligence process that seeks to capitalize on unique market opportunities.
Integrated Ventures plans to target established companies, with solid balance sheets, history of consistent cash flow but whose financial situation is distressed, due to Covid-19. The potential return on such assets and investments is extremely appealing right now and we plan to aggressively pursue such targets.
We believe that this new business strategy, offers an exciting path forward and will significantly increase Company’s assets, market valuation and result in an increase in shareholders’ value.”
CNBC reports that Goldman Sachs (NYSE:GS) has made Mathew McDermott, who formerly ran the bank’s internal funding operations, as its new global head of digital assets. Among other things, McDermott indicated Goldman’s consideration of creating its own digital coin:
“We are exploring the commercial viability of creating our own fiat digital token, but it’s early days as we continue to work through the potential use cases.”
Sam Mowers, Investorideas
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