The Crypto Report
Digital Asset CEO Blythe Masters is stepping down as head of the blockchain start-up, as per a Fortune report.
Blythe said she is leaving for personal reasons after three and a half years with the company.
READ: CryptoCann™ Report: Report finds 80% of Bitcoin trading pairs wash traded; John Wayne’s ranch may be the perfect spot to grow cannabis
A former JPMorgan & Chase Co (NYSE:JPM) executive, Blythe is known as the supposed creator of the credit default swap that fueled the fire of the 2008 financial crisis.
Board member AG Gangadhar, who has worked at tech titans such as Alphabet Inc’s (NASDAQ:GOOG) Google, Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN) and Uber, will serve as the acting CEO.
In other blockchain news, old-school gaming company Atari SA (OTCMKTS:PONGF) is teaming up with blockchain start-up Animoca Brands to create blockchain-based versions of two mobile games, as per a Cointelegraph report.
The creator of classics like Tetris and Pac Man has given Animoca the rights to create blockchain versions of “RollerCoaster Tycoon Touch” and “Goon Squad”.
Animoca reportedly paid Atari “a minimum guarantee against future revenues of $250,000, payable in shares of the company’s stock.”
Atari created its own digital asset, the Atari Token, earlier this year after partnering with an online cryptocurrency casino.
The Cann Report
Pennsylvania is upping the number of cannabis dispensary permits, as per a Marijuana Business Daily report. The state will issue an additional 23 permits, allowing a total of 79 dispensaries to sell medical marijuana.
Nearby New Jersey recently doubled the number of medical marijuana dispensaries permitted to operate in the state to 12 from 6.
Former Miami Dolphins running back Ricky Williams launched his Real Wellness CBD products line over the weekend, according to a Miami New Times report.
The Heisman trophy winner stunned fans when he decided to leave the National Football League following a string of failed drug tests and suspensions related to his marijuana use.
Williams said his marijuana use cost him around $10 million in salary and potential endorsement deals, but he felt that marijuana was the best way to self-medicate for his depression, social anxiety disorder and various sports-related injuries.
His company teamed up with Miami-based CBDoobie to launch a line of CBD-based wellness products.
Contact Lenore Fedow at [email protected]