CryptoCann™ Report: Winklevoss Twins’ Gemini exchange may move into UK market; Kathy Ireland to launch CBD products line

The Crypto Report

The Winklevoss twins are akin to celebrities in the crypto world, having amassed a billion-dollar Bitcoin fortune.

Brothers Tyler and Cameron Winklevoss, founders of the cryptocurrency trading platform Gemini, have been steadily carving out a piece of the cryptoverse for themselves.

The exchange is reportedly looking to expand its reach into the UK market, as per a Financial Times report.

“[We] continue to explore potential jurisdictions around the globe to provide a best-in-class digital asset exchange and custodian which will enable growth and infrastructure to the entire digital asset community,” said the company in a statement to the FT.

A source confirmed to the publication that the company is close to filing an application with the Financial Conduct Authority, a UK regulatory body.

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Cryptocurrency is no longer confined to the world of finance with major sports teams getting their head in the game as well.

Italy’s Juventus Football Club has partnered with blockchain-based fan engagement platform Socios to launch its own “Juventus Official Fan Token,” as per a CoinDesk report.

The tradeable token will allow Juventus fans to vote and respond to ballots via a soon-to-be-launched mobile app.

Liverpool Football Club is also moving into the crypto world, teaming up with foreign exchange trading platform TigerWit as it launches a new blockchain-based trading app, as per a CCN report.

TigerWit will be the “Official Foreign Exchange Trading Partner of Liverpool FC” as it looks to boost its brand recognition and lure investors looking to trade FX, indices, commodities and metals to its platform.

The Cann Report

Legalization is spreading to more US states, but marijuana arrests are on the rise.

There is a marijuana-related arrest every 48 seconds, according to a report released by the US Federal Bureau of Investigations.

There were a total of 659,700 marijuana arrests in 2017 compared with 653,249 arrests in 2016, as per a Forbes report.

Data shows that there was an increase in enforcement of possession laws as opposed to selling or growing the Schedule I drug. Other Schedule I drugs include heroin, LSD and ecstasy.

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The US has taken baby steps toward cannabis legalization, but cannabidiol, the therapeutic component of cannabis, has been quickly finding its way into everything from lotions to coffee.

Model-turned-entrepreneur Kathy Ireland runs a US$2bn company, selling her famous socks, home goods, jewelry and other products, but she wants a piece of the growing CBD market.

Ireland is partnering with CBD manufacture Isodiol International Inc (OTCQB:ISOLF) to create a line of CBD products under the new kathy ireland Health & Wellness brand.

“I know there is a lot of controversy around it,” said Ireland in an interview with Fast Company. “There were people telling me not to touch it. … But I just loathe hypocrisy.”

Ireland said she believes in the healing properties of CBD and hopes to usher it into the mainstream.

The cannabidiol market is expected to grow 700% by 2020, reaching $2.1 billion, according to the Hemp Business Journal.

Story by ProactiveInvestors