Daily CryptoCann™ Report: Riot Blockchain to develop private Bitcoin mining pool; Province Brands creates first beer brewed from cannabis

July 23, 2018

The Crypto Report

Google Cloud and Digital Asset comprise the latest partnership in the world of blockchain.

Alphabet Inc’s (NASDAQ:GOOG) cloud service is teaming up with former JPMorgan & Chase Co (NYSE:JPM) executive Blythe Masters’ startup, providing the necessary tools to make creating blockchain applications easier for developers, according to a CoinDesk report.

“This will reduce the technical barriers to DLT application development by delivering our advanced distributed ledger platform and modelling language to Google Cloud,” said Masters in a press release.

Google Cloud will also join the start-up’s developer program to gain access to its technology.

In crypto news, popular exchange Coinbase is moving into the political sphere.

The exchange has created its own PAC, or political action committee, according to a Coin Telegraph report.

PACs, which must be registered with the Federal Election Commission, are a way for corporations or unions to contribute to political campaigns.

As of June 30, Coinbase had not raised any money.

Riot Blockchain Inc (NASDAQ:RIOT) has announced it's in the process of developing its own private Bitcoin mining pool, as per a press release.

Groups of miners will work together and pool resources to increase the chance of receiving block rewards and secure the blockchain.

The Cann Report

Tilray Inc (NASDAQ:TLRY) was the talk of the town last week when it made its public debut. Another Canadian cannabis company is ready to make the same move.

Namaste Technologies Inc (TSXV:N, OTCQB:NXTTF) announced that it has submitted its application to list on the Nasdaq.

The Vancouver-based company operates an e-commerce cannabis platform with more than 30 websites.

It currently sells vaporizers, glassware, CBD products and other accessories but is in the process of receiving approval from Health Canada to sell medical cannabis as well.

In other up north news, Canadian scientists have made the latest marijuana breakthrough.

Province Brands, a Toronto-based start-up, is behind the first beer brewed from cannabis, according to a Newsweek report.

While other cannabis beers are on the market, they’re made using barley infused with cannabis oil. This beer is brewed using the stocks, stem and roots of the cannabis plant.

Canada has set October as the date for legalized recreational use of marijuana.