October 14th, 2020 | 11:40 CEST
BioNTech, BIGG, Bitcoin - The traffic lights are green!
Table of contents:
Right on target
The Mainz-based vaccine company BioNTech can report further positive news. Approximately 1.5 million doses of the Pfizer BioNTech vaccine, one of the most promising candidates in the competition for the first regulatory approval in Europe and the USA, have been ordered by the New Zealand government. According to the government in Wellington, the quantity is sufficient to protect around 750,000 people with double vaccination. Negotiations are also ongoing with other pharmaceutical companies to serve all 5 million residents.
Bitcoin - Is the second wave coming?
The world's leading cryptocurrency, which peaked at just under USD 20,000 at the end of 2017, then entered a more substantial correction phase. It fell below the USD 4,000 mark twice, in December 2018, and the Corona low in March 2020, but then recovered with high volatility.
Since March, digital gold has been steadily moving northwards, with a support zone of over USD 10,000 recently established. If the prices fall below the high reached in August at almost USD 12,500, there will be a reversal of the bull trend, and the chances of attaining the all-time high would be quite realistic. However, if the support level falls below USD 10,000, the scenario mentioned would be invalid.
Profiteers of the run
In addition to other crypto-currencies such as Etherum, Ripple or various Altcoins, companies that deal with the topic of crypto-currencies would also benefit disproportionately here. The Canadian Company BIGG Digital Assets Inc. believes that the future of crypto-currencies depends on a secure and regulated environment.
In this context, the Blockchain Intelligence Group division provides search and analysis tools. The developed product "QLUE" is used by law enforcement agencies, banks, stock exchanges, and ATM operators to conduct due diligence investigations and block the security chain. With greater forensic depth, it examines where the funds in question come from, where they are going, and the profiles of the agencies involved. At the end of September, BIGG was able to convince a federal agency in the United States to use the program. The license runs for one year and costs the agency CAD 320,000.
Canada's first regulated trading platform
In the second pillar, Netcoins, a brokerage and stock exchange software is in development to make the buying and selling of cryptocurrency easily accessible to mass consumers and investors, with a focus on compliance and security. Just last month, Netcoins filed for registration with the British Columbia Securities Commission (BCSC) and the Canadian Securities Administrators (CSA), which, if approved, would allow Netcoins to operate the first regulated open-loop crypto-asset trading platform in Canada. For the young Company, this would be a huge milestone.
Pioneering work offers enormous potential.
BIGG CEO Mark Binns commented: "BIGG believes the future of crypto is a compliant, safe and regulated environment. It is the basis of existence for our company. Pending this regulatory approval, Netcoins will be the first registered open-loop crypto-trading platform in Canada. This will be a fundamental change for crypto trading in Canada. As individuals and corporations seek to trade crypto assets, they would have a fully legal and registered platform available to them. We also believe this will have a significant positive impact on Netcoins trading volumes in the coming months, being a unique competitive advantage. We look forward to updating our shareholders further with developments in the coming weeks."
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