Point Roberts, WA and Delta, BC – July 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 632: Stocks discussed: (OTC: SFTBY) (CSE: BIGG) (NYSE :V)
Revolut Raises $800M in SoftBank-Led Funding Round, BIGG Hires Adelaide for Investor Relations, Visa Approves CryptoSpend Bitcoin Debit Card in Australia, DOGE Co-Creator Criticizes Crypto in Twitter Thread
CNBC reports that British fintech firm Revolut, which has an app featuring cryptocurrency investment, has raised $800 million in a new funding round led by SoftBank (OTC:SFTBY) and U.S. hedge fund Tiger Global. Now valued at $33 billion, a 6x increase over last year, Revolut is now the second-largest fintech unicorn in Europe behind Klarna. According to the report, “Revolut will use the money to invest in marketing, product development and international expansion.”
Online crypto brokerage BIGG Digital Assets Inc. (CSE:BIGG) has hired investor relations and capital markets advisory firm Adelaide to provide its investor relations and consulting services. BIGG’s CEO, Mark Binns, said:
“BIGG is very pleased to have Adelaide join our team, to introduce BIGG’s story to a broader range of shareholders in Canada and the US. We have had excellent results working with Adelaide in the past via webinars, and are excited to have them lead our investor relations strategy and communications at this time. BIGG is working towards a number of exciting catalysts, and having Adelaide join now to help get our message out is well timed.”
Cointelegraph reports that Visa (NYSE:V) is approving the issuance of a new Bitcoin (BTC) debit card from Sydney-based crypto app CryptoSpend in Australia. Aimed for launch in September, the card will allow users to spend a variety of cryptocurrencies custodied by BitGo. CryptoSpend co-founder Andrew Grech explained the card’s use as an alternative to selling on an exchange:
“Spending it directly is a more convenient way of selling it. If the market is green, someone could say it’s time to spend some of my profits. On the other side of the fence, another person might say it’s going to keep going up, I’ll hold onto it. But we have seen more spending volume when the price is going up.”
After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Despite claims of “decentralization”, the cryptocurrency industry is controlled by a powerful cartel of wealthy figures who, with time, have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace.
Sam Mowers, Investorideas
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