The Crypto Report
It was a better day for cryptocurrency with all of the top 5 coins on the rise.
EOS (EOS-USD) was a top gainer, surging more than 10% to US$11.08. Bitcoin (BTC-USD) jumped more than 5% to US$6,640.96.
Star Trek star William Shatner is crossing the final frontier into cryptocurrency. Shatner will be the spokesman for Solar Alliance, an energy company looking to build a solar-powered Bitcoin mining facility, according to a report by the Chicago Tribune. The actor met with the company after having its solar panels installed in his home.
“The concept is so, I guess the word is bizarre,” said Shatner in the interview. “You have to blank your mind and say, ‘What is blockchain, again? How does mining operate, again?’ The concepts are really strange, and yet when you begin to grasp it, it makes sense.”
The mining operation will be housed in an abandoned label-making factory in Murphysboro, Illinois that has been vacant since 2004. Murphysboro Mayor Will Stephens welcomes the economic boost he hopes the facility will bring to the area.
The Western Union Company (NYSE:WU) has no plans to add a crypto transfer service, according to a MarketWatch report. During a speech at the Economic Club of New York, CEO Hikmet Ersek said that the customers prefer fiat currency over digital currency.
“The consumers tell us what they want,” said Ersek. “People aren’t paying their hospital bills in cryptos.”
The Cann Report
Cannabis packing company Kush Bottles Inc (OTCQB:KSHB) is looking for new opportunities after raising US$36mln in a registered direct offering. The deal includes 7.5 million shares of its common stock and warrants to purchase 3.75 million shares at a combined price of US$4.80.
The company plans to use the proceeds for working capital, product development, acquisitions and other opportunities. Shares of the California-based company were down more than 2% to US$5.29.
Former House Speaker John Boehner was once an outspoken marijuana opponent but has recently changed his tune, speaking out about the benefits of medicinal marijuana. The Ohio Republican said that the federal government should let the states decide on recreational marijuana legalization, according to an interview with a WPCO Cincinnati reporter.
Boehner serves on the advisory board of Acreage Holdings, a company that cultivates cannabis and distributes it across 11 states.