Posted by AGORACOM-JC
at 10:10 AM on Wednesday, January 8th, 2020
SPONSOR:ThreeD Capital Inc. (IDK:CSE)
Led by legendary financier, Sheldon Inwentash, ThreeD is a
Canadian-based venture capital firm that only invests in best of breed
small-cap companies which are both defensible and mass scalable. More
than just lip service, Inwentash has financed many of Canada’s biggest
small-cap exits. Click Here For More Information.
Crypto Today: Bitcoin is ready for a massive bull’s run
Here’s what you need to know on Wednesday
Markets:
The BTC/USD is currently trading at $8,347 (+5.8% on a day-to-day
basis). The coin has been moving within a strong bullish trend and hit a
new 2020 high at $8,464.
The ETH/USD pair is currently trading at $144.7 (+1.18% on a
day-to-day basis). The Ethereum retreated from the intraday high of
$147.96; now, it is moving within a short-term bullish trend amid low
volatility.
XRP/USD settled at $0.2145 after a spike to $0.2255 on Tuesday. The coin is down 1.15% in recent 24 hours.
Among the 100 most important cryptocurrencies, the best of the day
are Quant (QNT) $3.9 (+17.5%), Synthetix Network Token (SNX) $0.9973
(+13.57%) and Horizen (ZEN) $8.43 (+13.16%), The day’s losers are,
Decentraland (MANA) $0.0335 (-8.5%), MaidSafeCoin (MAID) $0.0810
(-7.42%) and Komodo (KMD) $0.5434 (-5.92%).
Bitcoin (BTC) rallied to as high as $8,464 amid the escalation of
geopolitical tensions in the Middle East. While the correlation is not
clear, many experts believe that Bitcoin is growing due to rising
conflict between the United States and Iran as a push towards the recent
high occurred amid the news that Iran had attacked US military bases in
Iraq.
Tether (USDT) market capitalization increased by $500 million on
CoinMarketCap due to the rating adjustments; however, some experts
believe that this development might have served as a buy signal for algo
bots and set Bitcoin’s bullish ball rolling. BTC/USD started
snowballing in a few hours after CoinMarketCap updated its Tether
capitalization.
Cryptocurrencies may be an exciting concept, but they won’t threaten
the dominant position of the US dollar, according to International
Monetary Fund (IMF) chief economist, Gita Gopinath. She believes that
the technologies have not reduced the costs of moving between the
currencies, which is the critical barrier on the way to overtaking USD.
Industry:
Istanbul update implemented on Etheereum network at the end of 2019
increased the scalability of StarkEx protocol for centralized exchanges,
StarkWare experts noted.
“StarkEx *measurements* (not approximations, nor estimates) break
Ethereum’s scalability record post-Istanbul, with a 2000X improvement
over Ethereum Layer-1: 9K trades/sec at 75 gas/trade (or 18K
payments/sec) (1/5)”
Binance Charity Foundation launched a program aiming to help
Australia mitigate the consequences of bushfire. The blockchain-based
charity platform created by one of the world’s leading cryptocurrency
exchanges invites everyone to participate in the program and donate
funds to support Australia. Binance intends to donate $1 million.
Berlin-based bitcoin bank Bitwala included ether (ETH) to the list
of available services. The bank allows customers buying ETH, the
second-largest cryptocurrency asset by market capitalization, right from
their current accounts. The company explained the decision by
Ethereum’s significant role in decentralized finance (DeFi) movement,
Posted by AGORACOM-JC
at 5:00 PM on Tuesday, January 7th, 2020
SPONSOR: Spyder Cannabis (SPDR:TSXV)
An established chain of high-end vape stores. Aggressive expansion
plan is already in place that will focus on Canadian retail and US Hemp
derived kiosks in high traffic areas. Click here for more info.
More Canadians passing on beer in year one of legalization
The report cites data from industry advocacy group Beer Canada, which found beer volumes fell by three per cent through November. Declining sales have led to several partnerships between alcohol and cannabis companies, such as Constellation Brands Inc.’s investment in Canopy Growth Corp. in November 2018. The recent decline in volumes is “far worse†than trends seen in the previous four years, when beer industry volumes fell an average of 0.3 per cent, according to Cowen & Co. analyst Vivien Azer.
Posted by AGORACOM-JC
at 12:35 PM on Tuesday, January 7th, 2020
Investment Highlights
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
Kenbridge Ni Project (ON, Canada)
Advanced stage deposit remains open in three directions, is
equipped with a 623m deep shaft and has never been mined
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits
Plans for Kenbridge include updating PEA,
advancing the project through to feasibility and exploring the open
mineralization at depth
Posted by AGORACOM-JC
at 10:47 AM on Tuesday, January 7th, 2020
SPONSOR:ThreeD Capital Inc. (IDK:CSE)
Led by legendary financier, Sheldon Inwentash, ThreeD is a
Canadian-based venture capital firm that only invests in best of breed
small-cap companies which are both defensible and mass scalable. More
than just lip service, Inwentash has financed many of Canada’s biggest
small-cap exits. Click Here For More Information.
Bitcoin 2020: The Bottom is In and Prices are About to Surge, Several Analysts Claim
Bitcoin corrected by over 50% from the 2019 high of $13,880.
With the retracement in the last six months, some analysts believe that the bottom is in.
The number one crypto is flashing accumulation signals convincing
popular traders that the cryptocurrency has turned bullish in 2020.
Bitcoin may have started 2019 strong but ever since it posted a high
of $13,880 in June, the top cryptocurrency has been correcting. It
dropped to as low as $6,425 in December. At that point, bearish calls
for a revisit to $5,000 levels were strong.
One analyst expecting bitcoin to drop to $5,000. | Source: Twitter
Those who have been waiting to buy below $6,000 have been left out.
The digital gold is now trading above $7,000 and analysts are expecting
bitcoin to leave this price area soon. Many see a base being formed,
which can propel the number one cryptocurrency to greater heights early
this year.
Analysts Claim Bitcoin Has Bottomed Out
After a weak second half of 2019, it appears that the worst is behind
for the most dominant cryptocurrency. A number of widely-followed
analysts on Twitter say that bitcoin is carving a bottom.
For instance, Faisal Sohail believes that the cryptocurrency has
already tapped the bottom when it dropped to $6,475 in December. He
believes that the digital asset will trade between $7,000 and $12,000
before the halving.
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Bitcoin to start climbing before the May 2020 halving. | Source: Twitter
User Bitcoin Macro supports Faisal’s view. In an emphatic tweet,
Bitcoin Macro exclaims that the bottom is already in. He also tells his
followers not to get shaken out.
Majin, Crypto Twitter’s biggest bull, has also turned bullish after
months of uncertainty. The liquidity game theorist believes bitcoin will
take off and leave $7,000 behind.
Accumulation Pattern to Send Bitcoin Above $11,600
BTC has been range trading between $6,700 and $7,600 since November
20, 2019. That’s a $900 range over 45 days. To many analysts, this is a
sign that a new base is being built to prepare bitcoin for the next leg
up, hence, the call for a bottom.
Charles Edwards, head of digital investment firm Capriole, sees a
potential accumulation pattern forming. More importantly, he believes
that the bottom is already in. According to Edwards, his bias would be
confirmed once bitcoin trades above $8,000.
Charles Edwards sees a Wyckoff accumulation pattern developing in bitcoin. | Source: Twitter
Edwards is not alone in seeing a pattern indicating that whales and
other smart money investors are accumulating the largest cryptocurrency.
Trader CryptoWolf also sees an accumulation pattern
developing. His bias will be confirmed once the price goes above
$8,090. A move above that level would also trigger the breakout from a
large falling wedge.
CryptoWolf’s initial target is $9,550 and then $11,600.
Bitcoin needs to take out $8,090 to gain bullish momentum. | Source: Twitter
Traders Starting to Have a Rosy Outlook
With these signals, other traders are expressing their optimism on
the prospects of the top cryptocurrency. The popular trader The Crypto
Dog tweeted that he’s bullish on bitcoin.
It is not everyday that The Crypto Dog posts bullish tweets on bitcoin | Source: Twitter
The widely-followed Crypto Rand shares The Crypto Dog’s upbeat outlook on the dominant cryptocurrency.
The Crypto Rand is also bullish on bitcoin | Source: Twitter
Is it a coincidence that the top analysts are tweeting bullish
statements on bitcoin as the top cryptocurrency prints an accumulation
pattern? Probably not. It’s very likely that these analysts are also
seeing the bottom or base-building signals on the number one coin. If
they’re right, then strap in. Bitcoin’s 2020 price action might start off with fireworks.
Posted by AGORACOM-JC
at 4:03 PM on Monday, January 6th, 2020
SPONSOR: New Age Metals Inc.
The company owns one of North America’s largest primary platinum
group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral
Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an
additional 1,059,000 PdEq Ounces Inferred. Learn More.
Palladium – The Prospects For A Repeat Performance
A fantastic year in 2019.
A rally for the ages since 2016.
A new decade poses threats to the rally.
Of the four precious metals that trade on the NYMEX and COMEX
divisions of the Chicago Mercantile Exchange, palladium is the least
liquid. As of December 27, the total number of open long and short
positions in the gold futures market stood at 765,653 contracts, a
record high representing 76.65 million ounces of the yellow metal.
Silver’s open interest was at 225,753 contracts that contain a total of
over 1.128 billion ounces of silver. A gold future represents 100 ounces
of the metal, while a silver contract has 5,000 ounces.
In platinum, 98,042 contracts hold over 4.9 million ounces of
platinum metal, as each contract is for 50 ounces. A palladium contract
is for 100 ounces of the platinum group metal. As of December 27, 23,735
contracts represented 2,373,500 ounces. Markets with less liquidity
when it comes to volume and open interest tend to be more volatile than
those with higher degrees of liquidity. Palladium has lived up to that
tendency since early 2016 as the price has been explosive on the upside.
The Aberdeen Standard Physical Palladium Shares ETF product (PALL)
replicates the price action in the palladium market. At the same time,
the Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) holds palladium as well as gold, silver, and platinum bullion.
A fantastic year in 2019
Palladium was, by far, the best-performing precious metal that trades
on the NYMEX or COMEX exchanges in 2019. Palladium’s price action was
impressive considering that as of December 27, gold, silver, and even
platinum have posted double-digit percentage gains compared to their
closing prices as of December 31, 2018.
Source: CQG
As the weekly chart highlights, palladium moved from $1197.50 on the
final day of 2018 to $1875.40 as of December 30, a gain of 56.6%.
Palladium climbed to its most recent continuous contract high of $1963
per ounce in December while the March futures contract peaked at
$1974.60.
Both price momentum and relative strength indicators were in
overbought territory on December 30, but the metrics came down from
recent highs given the correction on Friday, December 20. On the weekly
charts, palladium put in a bearish reversal during the week of December
16. On a year-on-year basis, the total number of open long and short
positions in the NYMEX palladium futures market edged lower in 2019,
falling from 26,773 to 23,735 contracts from the end of 2018. Meanwhile,
weekly historical volatility at 23.12% was just below the midpoint of
the year for the metric.
2019 was such a good year for palladium that it was the
best-performing commodity that trades on US exchanges of all during the
period.
A rally for the ages since 2016
The bull market in palladium kept going in 2019, but it dates back four years to the beginning of 2016.
Source: CQG
The monthly chart illustrates what has been a parabolic trend in the
precious metal since it found a bottom at $451.50 in January 2016. At
$1875.40, the price was over four times higher since the 2016 bottom.
Over four years, every price correction has been a buying opportunity in
the precious and industrial metal. The most recent decline from $1963
to $1808.80 during the week of December 16 was looking like another
opportunity to purchase palladium as the price recovered quickly to
around the midpoint as of December 30.
A new decade poses threats to the rally
Palladium has been nothing short of a bullish beast since early 2016.
The metal that cleanses toxins from the air in gasoline-powered
automobile catalytic converters has experienced significant demand
growth. With tighter pollution regulations around the world, and
specifically in China, the requirements for the metal continue to rise.
The vast majority of palladium output each year comes from South
Africa and Russia. According to Johnson Matthey, 2019 was the eighth
consecutive year of a deficit between supply and demand in the palladium
market, which continues to fuel price gains.
Source: Johnson Matthey
The chart shows that in May 2019, Johnson Matthey projected an
809,000-ounce deficit. The supply shortage was likely even higher as the
price of the metal rose from a low of $1256.50 in early May to over
$1875 per ounce at the end of 2019. The deficit remains significant as
the total annual global output of the metal is around seven million
ounces or 218 metric tons, and gross demand was 11.154 million ounces.
While recycled metal provided additional supplies of 3.349 million
ounces, it was not nearly enough to meet the growing demand.
While fundamentals could be telling us that the $2000 per ounce level
will give way in 2020, platinum is a denser metal with higher
resistance to heat than palladium.
Source: Johnson Matthey
The chart shows that Johnson Matthey projected that platinum would
also move into a deficit in 2019 after a surplus weighed on the price of
the precious metal in 2017 and 2018. Platinum rose from under $790 in
May to the $958 per ounce level on December 30.
Meanwhile, at an over $900 per ounce discount to palladium,
industrial consumers could begin to substitute platinum for palladium in
2020 as the deficit looks set to continue. Any improvement in global
economic conditions would likely increase demand for both platinum and
palladium in 2020.
The downside risk in the palladium market has increased dramatically,
given the four-fold price increase since January 2016. The bearish
price action and correction on December 20 could be a sign of things to
come as volatility is likely to continue to rise with the price of the
metal in 2020. Sudden price spikes to the downside could become the
norm, and if the deficit expands, price vacuums to the upside could
follow. Trading and investing in highly volatile commodities can be like
riding a psychotic horse through a burning barn. The parabolic price
action in the palladium market looks set to continue into the new
decade. However, the path to higher prices could be a wild ride.
PALL is the palladium ETF product
The most direct route for a risk position or investment in palladium
is via the physical market for bars and coins. The deficit and limited
supplies can make premiums to the market price very expensive for these
products. The NYMEX palladium futures have a delivery mechanism, which
guarantees smooth convergence between physical and futures prices during
delivery periods.
The Aberdeen Standard Physical Palladium Shares ETF product provides
an alternative to physical or futures. The most recent holdings of PALL
include:
Source: Yahoo Finance
PALL has net assets of $280.49 million, trades an average of 31,912
shares each day, and charges holders a 0.60% expense ratio. As of
December 30, the price of palladium was 56.6% higher in 2019.
Source: Barchart
The chart shows that PALL moved from $119.05 on December 31, 2018, to
$179.82 on December 30, 2019, an increase of 51% as it marginally
underperformed the price action in the continuous palladium futures
contract.
GLTR has some exposure to palladium, but is diversified
For those looking for a more diversified approach to precious metals
in 2020, the Aberdeen Standard Physical Precious Metals Basket Shares
ETF holds physical palladium as well as gold, silver, and platinum. The
most recent top holdings of GLTR include:
Source: Yahoo Finance
GLTR has net assets of $463.08 million, trades an average of 24,328 shares each day, and charges holders a 0.60% expense ratio.
Source: Barchart
GLTR closed at $63.16 at the end of 2018. At $76.13 per share on
December 30, the ETF product was a bit over 20.54% higher on the year.
Palladium looks like higher prices could be on the horizon in 2020 as
the metal approaches the $2000 per ounce level. However, it could be a
very bumpy ride as parabolic markets can suffer brutal setbacks. A 50%
rise in 2020 would put palladium over $2800 per ounce. If the price of
the metal is heading there, gold, silver, and platinum are likely to
experience significant gains.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I
wrote this article myself, and it expresses my own opinions. I am not
receiving compensation for it (other than from Seeking Alpha). I have no
business relationship with any company whose stock is mentioned in this
article.
Additional disclosure: The author always has
positions in commodities markets in futures, options, ETF/ETN products,
and commodity equities. These long and short positions tend to change on
an intraday basis.
Posted by AGORACOM-JC
at 3:53 PM on Monday, January 6th, 2020
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
Demand for nickel in PH to spike due to growing demand for electric vehicles
The nickel industry in the Philippines can expect a brighter prospect for 2020 as the global demand is expected to increase for the manufacturing of electric vehicles (EVs).
Cha Olea, Philippine Nickel Association (PNIA) executive director,
said in an interview on Friday that the association has seen an
increasing trend for electric vehicles worldwide, including the
Philippines, leading to a possible industry boom as a result of a shift
from fossil-run vehicles to more environment friendly electricity-run
vehicles to curb carbon emission.
“The primary component of EV battery is nickel because of the
batteries,†she said. Aside from nickel, Olea said the batteries also
need cobalt and magnesium, but 50 percent of the batteries for EVs are
made of nickel.
The executive added that manufacturing plants’ demand for stainless steel, which is also derived from nickel, would increase.
Members of the European Union targets to totally eradicate carbon
emission by 2030, while the United States has been slowly replacing
fossil-run vehicles with EVs, by offering incentives to owners of
electric vehicles.
“Nickel has a very good prospect in the future, especially that
Europe’s direction by 2030 is zero carbon emission. They are shifting to
electric vehicles,†Olea said.
She said the Philippines is one of the biggest producers of nickel in
the world, producing an estimated volume of 30 million metric tons last
year. Of which, around 90% had been exported to China while the
remaining 10% to Japan, Australia, and EU.
“Globally, they are looking for Philippines. Of course, we have to position ourselves strategically,†she said.
She noted that in the Philippines, some public utility vehicles had been replaced with e-tricycles and e-jeepneys.
Olea said at least 70% of the nickel ore extracted from the
Philippines would be used for stainless steel, 3% for other components,
6% for batteries of EVs, 2% for castings, 6% for plating, 9% non-ferrous
metals, and 4% for alloy steel.
She said the new opportunities in the global market would benefit the
domestic nickel industry. According to her, the mining industry in the
Philippines employs some 250,000 workers. (Antonio L. Colina IV /
MindaNews)
Tags: CSE, nickel, nickel demand, stocks, tsx, tsx-v Posted in All Recent Posts | Comments Off on Tartisan #Nickel $TN.ca – Demand for nickel to spike due to growing demand for electric vehicles #EV $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
Posted by AGORACOM-JC
at 2:22 PM on Monday, January 6th, 2020
Patient Self-Monitoring Extends Physicians’ Reach for Proactive Monitoring of Atrial Fibrillation Recurrence and any Arrhythmia.
Confirms market traction with orders being placed by physician groups for the newly launched HeartCheck™ CardiBeat Handheld ECG monitor and GEMS™ Mobile Smartphone app for prescribed in-home arrhythmia monitoring
Dr. Yaariv Khaykin, Physician Lead at PACE and Chief Medical Information Officer at Southlake Regional Health Centre, stated, “We are very excited at the opportunity to introduce the use of this home-based ECG/arrhythmia monitoring technology to our patients empowering them to take greater charge of their health.”
TORONTO, ONTARIO / January 6, 2020 / CardioComm Solutions, Inc. (TSX VENTURE:EKG) (“CardioComm” or the “Company“), a global provider of consumer heart monitoring and electrocardiogram (“ECG“) device and software solutions, confirms market traction with orders being placed by physician groups for the newly launched HeartCheck™ CardiBeat Handheld ECG monitor and GEMS™ Mobile Smartphone app for prescribed in-home arrhythmia monitoring.
Partners in Advanced Cardiac Evaluation (“PACE“),
the largest arrhythmia practice in Ontario (Canada) placed a first order
of the HeartCheck™ CardiBeat Handheld ECG monitors and is recommending
its patients to use the devices for one year of in-home, self-monitoring
with an emphasis on detecting a recurrence of Atrial Fibrillation (“AF“)
following cardiac ablation treatment for AF. The Company confirms that
additional hospital affiliated physician groups have also purchased the
HeartCheck™ CardiBeat ECG devices for evaluation in their respective
practices with additional orders expected in early 2020.
AF is a life-threatening arrhythmia that is difficult to treat.
Cardiac ablation is a procedure commonly used to correct AF; however, AF
recurrence after ablation is common and can be “silent”, occuring
without any symptoms, discomfort or warning to the patient (See Note 1).
PACE patients will use the GEMS™ Mobile Smartphone app to record ECGs
taken by the HeartCheck™ CardiBeat which will then be automatically
forwarded by CardioComm’s SMART Monitoring ECG service directly into the
patient’s cardiologist’s Electronic Medical Record (“EMR”). Should any
submitted ECG recordings show a recurrence of AF or a presence of other
cardiac arrhythmias, the patients are contacted by PACE and follow-up
visits scheduled. ECG reports generated through GEMS™ Mobile are
eligible for medical service reimbursement in both Canada and the US.
Dr. Yaariv Khaykin, Physician Lead at PACE and Chief Medical
Information Officer at Southlake Regional Health Centre, stated, “We are
very excited at the opportunity to introduce the use of this home-based
ECG/arrhythmia monitoring technology to our patients empowering them to
take greater charge of their health.”
The GEMS™ Mobile app is available in Android and Apple Smartphone
compatible versions as a free downloadable app and allows users to
generate unlimited ECG reports to show to their physician. The app also
allows users to request their ECG to be reviewed by CardioComm’s SMART
Monitoring ECG reading service where the user does not have direct
connectivity to their treating physician.
To learn more about CardioComm’s products and for further updates
regarding HeartCheck™ ECG device integrations, please visit the
Company’s websites at www.cardiocommsolutions.com and www.theheartcheck.com.
CardioComm Solutions’ patented and proprietary technology is used in
products for recording, viewing, analyzing and storing
electrocardiograms for diagnosis and management of cardiac patients.
Products are sold worldwide through a combination of an external
distribution network and a North American-based sales team. CardioComm
Solutions has earned the ISO 13485:2016 MDSAP certification, is HIPAA
compliant and holds clearances from the European Union (CE Mark), the
USA (FDA) and Canada (Health Canada).
This release may contain certain forward-looking statements and
forward-looking information with respect to the financial condition,
results of operations and business of CardioComm Solutions and certain
of the plans and objectives of CardioComm Solutions with respect to
these items. Such statements and information reflect management’s
current beliefs and are based on information currently available to
management. By their nature, forward-looking statements and
forward-looking information involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in the
future and there are many factors that could cause actual results and
developments to differ materially from those expressed or implied by
these forward-looking statements and forward-looking information.
In evaluating these statements, readers should not place undue
reliance on forward-looking statements and forward-looking information.
The Company does not assume any obligation to update the forward-looking
statements and forward-looking information contained in this release
other than as required by applicable laws, including without limitation,
Section 5.8(2) of National Instrument 51-102 (Continuous Disclosure Obligations).
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Tags: EKG, mhealth, small cap stocks, stocks, tsx, tsx-v Posted in CardioComm Solutions | Comments Off on Physician Groups Order The Heartcheck(TM) Cardibeat For In-Home Arrhythmia And Atrial Fibrillation Monitoring – CardioComm Solutions $EKG.ca $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca
Posted by AGORACOM-JC
at 10:34 AM on Monday, January 6th, 2020
SPONSOR:ThreeD Capital Inc. (IDK:CSE)
Led by legendary financier, Sheldon Inwentash, ThreeD is a
Canadian-based venture capital firm that only invests in best of breed
small-cap companies which are both defensible and mass scalable. More
than just lip service, Inwentash has financed many of Canada’s biggest
small-cap exits. Click Here For More Information.
Hundreds of Institutions Are Already Investing in Crypto: Coinbase CEO
According to the CEO of one of the biggest cryptocurrency exchanges
globally, institutions are already actively investing in the emerging
asset class and the trend is likely to continue throughout 2020.
Will institutions further bolster the crypto market in 2020?
Prior to 2019, institutional investors only really had Bitcoin
Investment Trust (GBTC) by Grayscale and CME Group’s futures market to
invest in bitcoin.
“We’ve already started to see small institutions enter the
cryptocurrency space. Hundreds have joined Coinbase Custody in the past
18 months. I would expect this rapid growth to continue in 2020, with
larger and larger institutions coming on board. Eventually just about
every financial institution will have some sort of cryptocurrency
operation, and most funds will keep a portion of their assets in
cryptocurrencies, partially due to the uncorrelated returns.â€
“Bakkt will be likely first a trickle and then a flood. The reality
is that most regulated futures contracts get low adoption on day1 simply
b/c not all futures brokers are ready to clear it, many ppl want to
wait and see, the tickers are not even populated on risk systems, etc,â€
Three Arrows Capital CEO Su Zhu said.
Independent funds seeing more institutional inflow
Despite a noticeable decrease in deal value in the latter half of
2019, in October of last year, Anthony Pompliano of Morgan Creek Digital
said that the firm’s crypto fund secured $60 million from institutional
investors.
Posted by AGORACOM-JC
at 9:21 AM on Monday, January 6th, 2020
SPONSOR: NORTHBUD (NBUD:CSE)
Sustainable low cost, high quality cannabinoid production and
procurement focusing on both bio-pharmaceutical development and
Cannabinoid Infused Products. Learn More.
Teas and edibles and vapes, oh my!
By: Kyle Mack
The latest in cannabis products will be available for legal sale in Ontario.
The Ontario Cannabis Store (OCS) is releasing 59 new products
including edibles, beverages, lotions, and concentrates in stores today
but online Jan 16.
Prices of edibles range from $7.50 to $16 per item while beverages
can cost between $4 to $10 and vapes falling between $25 – $125. Daniel
Safayeni, Director of Policy at The Ontario Chamber of Commerce has
previously released a statement on the THC limit per edible stating,
“The OCC supports a THC limit of 10-milligrams per discrete unit of
edibles, as well as the sale of multi-packs or multiple products—up to a
maximum of 100-milligrams of THC per package—within child-proof
packaging. As we outline in the report, single-packs are costly, while
multi-packs would allow licensed producers to create economies of scale.
The proposed regulations, however, limit the amount of THC per package
to only 10 milligrams, which is significantly lower than illegal
alternatives and lower in other U.S. jurisdictions where recreational
cannabis is legalâ€.
The THC cap may act as a barrier to shifting cannabis shoppers from
making illicit purchases, where higher THC contents can be found.
Posted by AGORACOM-JC
at 2:38 PM on Friday, January 3rd, 2020
SPONSOR: NORTHBUD (NBUD:CSE)
Sustainable low cost, high quality cannabinoid production and
procurement focusing on both bio-pharmaceutical development and
Cannabinoid Infused Products. Learn More.
Edibles, vapes and tea coming to legal Ontario cannabis shops Monday
Ontario’s cannabis distributor says dozens of new marijuana products will be available in retail shops starting Monday but supplies will be limited.
Unveiled 59 new items today including a variety of vapes, edibles and a tea.
TORONTO – Ontario’s cannabis distributor says dozens of new marijuana products will be available in retail shops starting Monday but supplies will be limited.
The Ontario Cannabis Store unveiled 59 new items today including a variety of vapes, edibles and a tea.
The products will be available in the province’s legal cannabis
retail stores starting next week and Cannabis edibles to hit store
shelves in January.
The distributor estimates that products will be in short supply until March as manufacturers ramp up production to meet demand.
The number of products will grow to 100 in the coming months as they receive regulatory approval.
The OCS says the new selection will help it combat black market sales across the province.
