The Crypto Report
There are some big-name investors jumping aboard the crypto train.
Billionaire Steven Cohen has invested in a hedge fund focusing on cryptocurrency and blockchain, according to a Bloomberg report. Cohen’s venture capital firm, Cohen Private Ventures, invested an undisclosed amount into Autonomous Partners, a hedge fund founded by venture capitalist Arianna Simpson.
Simpson previously was involved with Bitcoin wallet start-up BitGo. Other high-profile investors include Union Square Ventures, Craft Ventures and Coinbase CEO Brian Armstrong.
READ: Daily CryptoCann™ Report: Top economist thinks regulation will be the end of Bitcoin; WeedMD inks supply deal in British Columbia
American Express Company (NYSE:AXP) is also moving further into the blockchain space.
The credit card giant has filed a patent for a blockchain-based automated proof-of-payment system, according to a Coin Telegraph report. The patent was filed by American Express Travel Related Services Co Inc, the company’s travel segment.
According to the filing, the blockchain-based system could be used for hotel reservations, tickets, and real estate rental purposes.
The financial titan is a member of the Hyperledger Blockchain consortium, a cross-industry effort to advance blockchain technology.
The Cann Report
Crop Infrastructure Corp’s (CSE:CROP, OTCMKTS:CRXPF) tenant grower has begun planting in Nevada. The Hempire Company has received a hemp license for all 240 acres of its farm in Nye County.
"Our licensed tenant Hempire has doubled the planned hemp growing acreage from 120 acres to 240 acres for the last crop of the 2018 season," said Crop Infrastructure CEO Michael Yorke.
The company expects the first harvest to take place in this year’s fourth quarter.
READ: Crop Infrastructure says tenant The Hempire Company has started planting in Nevada
In other Nevada news, Terra Tech Corp (OTCQX:TRTC) has sold its store just north of the Las Vegas strip, as per a press release.
The 3,900 square foot retail shop was bought by Exhale Brands Nevada for US$6.25mln.
Terra Tech will still have a presence in the state’s growing marijuana market, operating two shops in Las Vegas and one in Reno and 30,000 square foot cultivation facility in Sparks.
The deal is expected to close within the next 90 days.