Point Roberts, WA and Delta, BC – Nov 20, 2020 (Investorideas.com Newswire) Investorideas.com, a leader in cryptocurrency and blockchain investment news, brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency stocks and the cryptocurrency market.
Listen to today’s Crypto Corner podcast:
Crypto Corner Episode 479: Bitcoin Over $ 18K, ETH Breaks $ 500, DAiM Launches First 401K with BTC, MUFG (NYSE: $ MUFG) Blockchain Payment Network Launch, Diginex (NasdaqGS: $ EQOS) Hold Strategy Day for Investors and Analysts
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Stocks discussed: (NYSE: MUFG) (NasdaqGS: AKAM) (NasdaqGS: EQOS)
After briefly surpassing it on Tuesday, Bitcoin (BTC) is now trading firmly above $ 18,000, according to data from CoinMarketCap. At press time, it is valued at around $ 18,770, which is very close to its all-time high of around $ 19,770 in December 2017. Ethereum (ETH) is also doing well, having reached a trading price of $ 500 this morning alone. for the first time since June 2018, almost two and a half years ago.
Perhaps reflecting Bitcoin’s recently gained stature, Digital Asset Investment Management (DAiM), described as “the first registered investment advisor for Bitcoin and digital assets,” announced that it has launched the first ERISA. [Employee Retirement Income Security Act] Bitcoin compliant employer sponsored 401 (k) plans. Adam Pokornicky, COO of DAiM, said:
“Since we were approved by the State of California in June 2018, we have seen incredible inbound demand from individuals eager to invest Bitcoin in 401 (k) s. Conventional 401 (k) plans are restrictive and often they lack investment options, causing participants not only frustrated but have poor risk-adjusted returns that barely keep up with the rate of inflation. This is a bad deal for savers given the current environment. We believe that Bitcoin has proven to have a place in the modern wallet and individuals should have the opportunity to “Get Off Zero” and invest directly through their retirement account. “
Japanese banking giant Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG) aims to launch a “high-speed blockchain payment network with US tech firm Akamai (NasdaqGS: AKAM) in 2021,” according to a report from CoinDesk. Through the two companies’ joint venture, Global Open Network (GO-NET), “they will integrate the payment terminals of electronic device manufacturer Seiko Holdings with bank credit card company MUFG NICOS in February,” the report said. MUFG is also developing its own digital currency, MUFG Coin, but it is unclear whether it will be related to the blockchain payment network project with Akamai.
Digital asset financial services firm Diginex Limited (NasdaqGS: EQOS) recently held its inaugural strategic day for investors and analysts. During a presentation on “the evolution of digital assets”, Shane Edwards, Head of Investment Products at Diginex, said:
“This is a new world and understandably there has been skepticism, but the technological advances are too profound to ignore. Bitcoin has stood the test of time and we will see increasing adoption by institutions. We are at the height of an opportunity to reference in finance, where the markets will be revolutionized in the years to come “.
Sam Mowers, Investorideas
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