More than three dozen cannabis companies applied for the POT symbol on the Canadian Securities Exchange after it became available this week. Potash Corporation relinquished the symbol, and so many Canadian companies wanted it that the CSE ran a first-ever random lottery for the symbol. A small firm in Vancouver, Weekend Unlimited, won the ticker in the lottery. The company formerly had the ticker YOLO, which stands for “you only live once.” Most sites like TradingView were still showing YOLO as the company’s ticker. In the 24 hours after it officially became POT, it surged 65%. Pot Stock Almost Doubles
The live stream of Jamie Dimon’s address (watch below) at the NY Economic Club opens with the billionaire CEO of JP Morgan Chase pointing out a dearth of activity from American small business entrepreneurs over the last ten years since the Wall Street financial crisis: “Small business formation is lower than it’s ever been in
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Ripple XRP has been outperforming the top coins lately and just passed Ethererum’s market cap of 22 billion.
The upward spike was mainly due to an announcement of a new product called xRapid. An executive at Ripple told the public that they’re getting ready to launch xRapid, a new product which is aimed at helping banks enhance the speed of transactions by using the cryptocurrency XRP. According to Ripple, xRapid is set to launch sometime in mid-October.
Things are not looking all that great for the Bitcoin price as of right now. Although it is unclear where this sudden bearish pressure is coming from, the price is getting battered quite badly. Thanks to a 6% decline in the past few hours, the Bitcoin price has now dropped below $ 9,000 and is seemingly heading to $ 8,500 or potentially even lower.
With western Christianity set to celebrate the basis of its theology this weekend, bitcoiners the world over might be showing up to churches in droves, hoping one resurrection might lead to another. The ecosystem’s main prophet, Tom Lee of Fundstrat Global Advisors, has outlined four reasons why enthusiasts ought to be bullish on the future: growing trust in digital everything, the awakening millennial boom, crypto recognized as a genuine asset, and Wall Street’s inevitable entry into the space.
Singapore doesn’t view Bitcoin as a threat and claims there is no reason to ban cryptocurrency trading within the city-state.
Why so Serious?
The news comes after an extensive review from Singapore’s central bank, who has been conducting studies on cryptocurrencies and their potential risks. Deputy Prime Minister Tharman Shanmugaratnam says:
Recently, Bit-Z, a globally digital asset trading platform, has obtained an investment of more than Us $ 10 million from three international investment institutions. The three investors were Hwazing Capital Limited, Wa Sung Investment Limited, and Plum Angel Investment Co., Ltd.
As shown by the online platform, Bit-Z was founded in 2016 and has been a leading digital asset trading platform in trading volume around the world. It is mainly engaged in offering digital asset trading crypto-to-crypto trading service for users in the world. The so-called crypto-to-crypto trading refers to a trading mode in which a blockchain asset is directly used for exchanging another kind of blockchain asset without involving transit or settlement of legal currency in the course.