GLOBAL BLOCKCHAIN COM NPV
Shares of GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) gained 22.05% as investors interest on bitcoin continued to touch higher highs. The cryptocurrency is closing in on the $6000 mark after an impressive run this year. The growth in the cryptocurrency’s popularity has already had a ripple effect on bitcoin-focused stocks, most of which have gained a substantial amount of market value.
Global Blockchain Rally
Bitcoin trading volumes continue to increase in key markets with Japan accounting for 38% of the total volume. U.S markets account for 30% with South Korea coming a distant third with a 12% stake.
Global Blockchain is already up by more than 300% for the year as it continues to trade in a strong uptrend. The stock continues to trade in tandem with bitcoin as it closes in on its 52-week high of $2.21 a share after a minor pullback.
Global Blockchain bills itself as a leading investment company focused on providing investors with a basket of holdings within the blockchain space. The company’s core operations involve streamlining the lengthy and complicated process that investors must undergo in order to gain exposure to the cryptocurrency space.
Renewed investor interest in the stock follows the announcement that the company has commenced applications that will pave way for its listing on the Australian Stock Exchange (ASX). The listing is part of an expansion plan that the company hopes to use to expand its footprint as it seeks to take advantage of the growth in popularity on digital currencies.
The ASX listing will provide GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) with access to one of the world’s largest investment pools underpinned by a superannuation system. Listing on the ASX also follows the announcement that Australia is set to end double tax on bitcoin and other Cryptocurrencies mid next year.
Global Blockchain President Shidan Gouran noted, “The addition of a listing in Australia to our listing in Frankfurt brings access to trading much closer to 24 hours a day on conventional exchanges, which should be the standard in the digital age.
Separately, GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) has confirmed a number of management changes that it says will help safeguard investors’ interest in the blockchain space. Steven Nerayoff has been appointed as the Chairman of the board with Mr. Rik Willard taking over as the Chief Executive Officer. Mr. Kyle Kemper is to act as the Chief Strategy Officer.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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