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Introducing: Cannabis for your Portfolio
Last week, visionary entrepreneur Elon Musk made headlines by smoking cannabis during a livestream.
The following conversation between the visionary and his host focused on innovation, the future, and the potential of what might be. Many investors, however, are still hung up on the first minute.
Shares in Tesla dropped drastically when the stock market opened the next day but shares in the Canadian medicinal marijuana company Cronosactually spiked.
The high growth in this budding industry can be difficult to navigate at times, which is why we at eToro have just announced our latest investment vehicle focuses on medicinal marijuana stocks.
The new Cannabis Care Copy Portfolio brings together some of the best stocks in the sector and will be open for ~1000 initial investors on Monday. (Full details here)
We will discuss some of the pros and cons of this new product in our upcoming webcast today, which will be open for our platinum and professional clients this afternoon.
Please note: All data, figures & graphs are valid as of September 13th. All trading carries risk. Only risk capital you can afford to lose.
Traditional Markets
Stocks are up today on the news that...
The China 50 index is finally up off the lows and the general atmosphere in Asia and Europe seems positive.
The US Dollar remains stable, as it has been since the beginning of September as Crude Oil, precious metals, and even emerging markets currencies are regaining some of their lost ground.
Boring Central Bank Stuff
By the time you get this the Bank of England should have already concluded their monetary policy meeting and the European Central Bank is likely just getting started.
No real change is expected from either institution but analysts and investors will be watching out for any surprises.
Current expectations are for the next ECB rate hike to come at the end of next year. Any change to that outlook or to the timeline for reducing QE could have an impact across the markets.
Minor Crypto Bounce
In line with what we're seeing in the stocks and commodities markets, cryptos are fighting back against the buck today.
After reaching ultra lows this week, it's about time for a minor bounce. Ethereum has managed to recoup its losses from yesterday and for the first time in a while, the air seems clear again.
What was interesting to see during the selling was that Bitcoin managed to hold support above $6,000. It seems that even those who are less bullish on some of the altcoins are still reluctant to pull their money out and still more than willing to buy bitcoin at these levels.
In this case, bitcoin has been acting like a safe haven of the crypto markets as the industry consolidates gains. Even though I'm not a great fan of the BTC dominance indicator, it does allow us to visualize what's just happened pretty well.
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f
During December 2020 the first…
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