Canamex Resources Corp

Daily CryptoCann Report: Bloomberg launches a crypto index; marijuana may soon outsell liquor in Canada

The Bloomberg Galaxy Crypto Index will track the performance of 10 US cryptocurrencies

Liquor bottles
New report says marijuana may soon outsell liquor in Canada

Bloomberg has partnered with digital asset management firm Galaxy Digital Capital Management LP to launch the Bloomberg Galaxy Crypto Index (BCGI). The index will track the performance of ten USD-traded cryptocurrencies, including Bitcoin, Ethereum, Ripple, Monero and Zcash.

Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) became the first publicly listed company to launch a security token offering. The initial coin offering for GOLDUSA Tokens will start at a 40% discount to the spot gold price. The company plans to use the proceeds to finance the completion of its mine permitting and development work at the Bruner gold project in Nevada.

The top five cryptocurrencies saw mixed results today:

Bitcoin Cash (BCH-USD) was the top gainer after being yesterday's top decliner, up nearly 2% to US$1,630.01.

Bitcoin (BTC-USD) was the second-largest gainer, up more than 1% to US$9,289.70.

EOS (EOS-USD) was the top decliner of the day, falling more than 1% to US$17.73 while Ripple (XRP-USD) was more than 1% to US$0.80.

Ethereum (ETH-USD) was down less than a percent to US$747.60.

READ: Canamex Gold launches security token offering to advance Nevada gold project

The North American Marijuana Index, which tracks the leading cannabis stocks in the U.S. and Canada, was up more than 2% this afternoon.

Legal marijuana may soon outsell liquor in Canada by 2020, according to a report from the Canadian Imperial Bank of Commerce. The bank estimates that marijuana will be a US$6.5bn industry in Canada by 2020.

GrownGeneration Corp (OTCQX:GRWG) has received a US$10mln investment from investors, including a US$7.5mln investment from Gotham Green Partners, a private equity firm with a focus on the cannabis industry. The Colorado-based company is one of the largest hydroponic and organic gardening stores.


Quick facts: Canamex Resources Corp

Price: $0.04

Market: CSE
Market Cap: $2.46 m

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Canamex Gold Corp announce GoldUSA and SilverUSA crypto security tokens

Canamex Gold Corp (CSE:CSQ) CEO David Vincent and Malta Digital Exchange Executive Chairman Rick Klink joined Steve Darling of Proactive Investors on Skype to talk about Canamex offering security tokens backed by gold and silver royalties and metal streams. Canamex is now exploring the...

on 29/10/18

2 min read