The Crypto Report
Nasdaq has won a patent for a newswire service built on blockchain, according to a CoinDesk report.
The patent details how the system would share information directly to selected recipients at a pre-set time using smart contracts added to the blockchain.
"Access to the sensitive information that is stored on the blockchain may include a multi-signature requirement that is part of the embedded scripts that make up a given blockchain transaction," according to the patent.
This would come in handy when news services are looking to share information at pre-set embargo times.
READ: Intercontinental Exchange’s crypto platform Bakkt to begin Bitcoin futures trading in December
In crypto news, exchange Coinbase has launched a USDC stablecoin with the help of blockchain payments service Circle, according to a Cointelegraph report.
“We are issuing stablecoins backed 1:1 with the U.S. dollar, completely audited, completely transparent. We think this is a key step toward unlocking innovation in crypto,” said COO Asiff Hirji at the Money 20/20 conference.
A stablecoin refers to a digital currency with a value tied to a stable currency like the US dollar in an attempt to minimize price volatility.
The USDC will be available on Coinbase Pro in the next few weeks. US customers outside of New York State can buy and sell the coin while international customers can send and receive the coin.
The Cann Report
Constellation Brands Inc (NYSE:STZ) sent shockwaves through the cannabis market in August after upping its investment into Canopy Growth Corp (NYSE:CGC, TSX:WEED).
The maker of Corona beer is reportedly selling off some of its US-based wine portfolio to as it shifts its focus to the beer and cannabis market, as per a Reuters report.
READ: Aurora Cannabis regains its mojo as shares bounce back from Tuesday's market bloodbath
Brands that may be on the chopping block include Clos du Bois, Mark West, Arbor Mist and Cooks.
Goldman Sachs Group (NYSE:GS) has been hired to assist Constellation with the sales of its wine brands.
The public’s perception of cannabis has been evolving alongside the market.
A recent Gallup poll found that two in three Americans were in favor of legalizing marijuana.
For scale, only 12% of Americans were in favor of legalization when the question was first asked by Gallup in 1969.
The poll was conducted before Canadian legalization took place last week.
Contact Lenore Fedow at lenore@proactiveinvestors.com
Follow her on Twitter: @LenoreMariee