The Crypto Report
On Monday, Blockchain-focused online payment processor Technology Inc () (OTCMKTS:NTTCF) said it released the first cryptocurrency processing platform based on the software as a service (SaaS) distribution model.
Shares perked up 2.1% to C$0.97.
In other news, Group of 20 country leaders have called for an international cryptocurrency taxation.
The decision was reached at the G20 leaders’ summit held Dec. 1 in Argentina. The regulations will be in line with the Financial Action Task Force (FATF) recommendations.
A joint press statement said: “We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system; and, through continued regulatory and supervisory cooperation, address fragmentation.”
November has been an unusually tough month for crypto markets, with its sharpest single-month decline in around four years. It is estimated that US$70 billion, or one-third of the market, was wiped out in November, which plunged all altcoins to their lowest levels in well over a year.
Ian King, senior analyst at , spoke to Proactive Investors recently about the current state of the cryptocurrency market.
King says the sell-off began when Bitcoin Cash made a software update, and the largest miner of bitcoin then shifted its capacity to Bitcoin Cash, causing mining to drop for the first time in two years.
The Cann Report
To thine own toilet, be true.
Instead of using the phone, Canada’s statistics department, Statistics Canada, turned to the toilet to get information about cannabis users.
From March through August of 2018, Stats Canada analyzed the wastewater of five cities: Halifax, Montreal, Vancouver, Edmonton and Toronto. It tested sewage samples to detect amounts of THC-COOH, a metabolite produced by people after they consume cannabis' psychoactive compound,THC.
The new data suggest Halifax has the highest rate of cannabis consumption per capita among five urban centres across the country.
In other news, () has won financing from its partner and fellow Canadian cannabis company (TSE:APHA) (NYSE:APHA) and closed a private share placement drawing in proceeds of C$7.1 million.
According to , the investment will allow Tetra to ratchet up its drug development activities over the coming months.
Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
Contact Katie Lewis at [email protected]