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CryptoCann™ Report: Bitcoin volatility hits two-year low; San Francisco chefs whip up an edibles cookbook for newbies

Bitcoin’s 60-day volatility at its lowest level since the end of 2016, according to The Block’s findings
Edibles cookbook
The edibles cookbook contains recipes for corn dog muffins and spiced superfood truffles

The Crypto Report

Regulators and financial watchdogs have been hot on crypto’s trail with the US Federal Bureau of Investigation cracking down on sham ICOs while the US Securities and Exchange Commission blocks the path to a Bitcoin exchange-traded fund.

The International Monetary Fund has joined the caution chorus, issuing a warning about the rapid growth of bitcoin and digital assets, according to a Forbes report.

READ: CryptoCann™ Report: IBM brings blockchain to European supermarket chain; Detroit donut shop owner accused of illegal marijuana sales

The concern is that digital assets may create "new vulnerabilities in the international financial system” as the old-school financial world adjusts to the emerging technology.

The organization is diving into a multitude of crypto assets, including Ripple Lab's XRP token, Ethereum, Litecoin, EOS, and Stellar, to determine how they can be used as investment tools or to send money across borders.

The volatility of Bitcoin has been a major concern for cautious investors, but it may be settling down somewhat.

The digital asset’s volatility has hit a two-year low, according to a report by crypto site The Block.

“Waning volatility could indicate that the market is becoming less speculative, which is nothing but good news for the future of the ecosystem,” said the report.

Bitcoin’s 60-day volatility at its lowest level since the end of 2016.

The Cann Report

As cannabis legalization expands, the percentage of Americans in favor of the move has been steadily increase, according to a Pew Research Center survey.

The study found that six in 10 Americans are in favor of marijuana legalization, or about 62%. That’s just slightly higher than last year’s 61%, but double the 31% it was in 2000.

READ: Canopy Growth shares rise as it completes legal medical cannabis export to US from Canada

On the political spectrum, seven in 10 Democrats and 75% of Democrat-leaning Independents are in favor of the legislation.

Republican are more divided with 45% in favor of legalization, but the number has jumped from the 39% in favor in 2015.

The changing tide of public opinion on cannabis has opened the doors to innovation, especially in the edibles market.

San Francisco chef Coreen Carroll partnered with food blogger Stephanie Hua to create the cookbook “Edibles: Small Bites for the Modern Cannabis Kitchen”.

The recipes are geared toward those new to the cannabis space with each dish containing a low-dose of 5 mg of cannabis per serving, as per a San Francisco Chronicle report.

The book includes recipes for roasted grape crostini, corn dog muffins, duck sliders, spiced superfood truffles and a peach-ginger float.

Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

Join our Crypto, Blockchain and Cannabis Telegram group here

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