BITCOIN RETREATS  Bitcoin traded lower on Tuesday, after the blockchain supporting the cryptocurrency split into two, creating a new competitor, Bitcoin Cash.

BITCOIN RETREATS AFTER SPLIT CREATES RIVAL BITCOIN CASH, ETHEREUM HIGHER

BITCOIN RETREATS AFTER SPLIT CREATES RIVAL BITCOIN CASH, ETHEREUM HIGHER

CURRENCY TRADERS 

BITCOIN RETREATS  Bitcoin traded lower on Tuesday, after the blockchain supporting the cryptocurrency split into two, creating a new competitor, Bitcoin Cash.

BITCOIN RETREATS  Bitcoin traded lower on Tuesday, after the blockchain supporting the cryptocurrency split into two, creating a new competitor, Bitcoin Cash.

On the U.S.-based Bitfinex exchange, bitcoin fell to $2,751, down $131 or 4.55%.

Bitcoin’s blockchain – the digital ledger which records every bitcoin transaction – split into two at 08:20 ET Tuesday, in an event know as a ‘hard fork’, creating a competing currency, Bitcoin Cash.

The ‘hard fork’ comes after weeks of optimism that Bitcoin would avert a split, after bitcoin miners signalled support for SegWit2X, a software upgrade aimed at resolving bitcoin’s scaling problem.



BITCOIN RETREATS

 

Bitcoin transactions are limited to 1-megabyte every 10 minutes – or seven transactions per second. This compares to 2,000 per second for Visa and means that at peak times bitcoin transactions can take hours to be fulfilled, inhibiting the currency.

Some members of the bitcoin community, however, failed to signal support for SegWit2X, on the back of concerns that the proposed software upgrade doesn’t adequately addressed the scaling problem.

The two rival proposals – Segwit2x and Bitcoin Cash – are attempting to solve this problem in different ways.

Bitcoin Cash seeks to increase the block size to 8-megabytes whereas SegWit2X proposes moving transaction data outside of the block on a parallel track with plans to increase bitcoin’s block size later in the year.

Bitcoin Cash, however, is likely to be worth only a fraction of bitcoin, as some of the biggest bitcoin wallet providers don’t have immediate plans to support Bitcoin Cash.

“As of today, we have no immediate plans to fully support the Bitcoin Cash fork within our main product. Blockchain’s Alsyon Margaret said on Sunday.

Meanwhile, Ethereum, rose to $229.07, up 14.82%.

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Bancor Raises $153 Million Initial Coin Offerings (ICOs) have become the most preferred way for startups and businesses, especially the ones in cryptocurrency

Bancor Raises $153 Million, Creates a New Record in ICO History

Bancor Raises $153 Million, Creates a New Record in ICO History

BUZ INVESTORS PRESS RELEASE  Bancor Raises $153 Million Initial Coin Offerings (ICOs) have become the most preferred way for startups and businesses, especially the ones in cryptocurrency industry to raise the necessary funds for product development and marketing. Unlike angel and VC funding, ICOs are open to the public, allowing them to contribute as much as they wis h. The community will also act as the jury and decides whether the project is fit to receive the amount of funds it is seeking through the campaign.

If a project is exciting and shows a lot of potential for growth or solves some of the important real-world problems, then it won’t have an issue in raising not just the required funds but a lot more than it. Bancor, the cryptocurrency based smart contract creation platform has proven just that by raising a record amount through its recently conducted crowdsale.

The Bancor Network is backed by the Ethereum contributions received from the ICO campaign, which will add value to the smart contracts and cryptocurrency platform. The Bancor protocol uses BNT as the medium of value exchange, and these very tokens will act as the reserve currency for smart tokens that are created over the protocol. The structure allows Bancor to ensure value in each step of the process without necessarily jeopardizing the users’ funds at any moment.

Bancor Raises $153 Million 

The protocol also allows users to easily exchange smart tokens created on Bancor with one another using its built-in price discovery and liquidity mechanism. According to the platform’s press release, the company has witnessed a participation of over 10855 buyers who made over 15000 transactions to buy a whopping 79,323,989 Bancor Network tokens

Of the total funds raised, the platform will be allocating 40% of it for dedicated software development, 20% for creating Ethereum reserves for BNT, 12 percent for marketing and business development, 10% for seeding token changes and ETF. Also, the platform will make use of about 8% of the amount raised for operational costs and rest for other miscellaneous costs,

Bancor has presented itself as a well-thought out project capable of solving various real-world needs, which made its ICO popular in the first place. In the near future, we can expect more such initiatives to take place as the number of new blockchain projects launched on a regular basis is on the rise.

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Buz Investors - Greengro Technologies, Inc. (OTC:GRNH), a world-class provider of eco-friendly green technologies, today launched a new internal company division called GenoBreeding that will direct a Greengro initiative to bring to the market cutting edge cannabis varieties

$GRNH Creates New Division Called GenoBreeding to Improve Cannabis Strains

Greengro Technologies, Inc. Launches Cannabis Genetics Breeding Initiative

Buz Investors - Greengro Technologies, Inc. <span data-recalc-dims=(OTC:GRNH), a world-class provider of eco-friendly green technologies, today launched a new internal company division called GenoBreeding that will direct a Greengro initiative to bring to the market cutting edge cannabis varieties" width="300" height="171" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Marijuana-5-938x535.jpg?resize=300%2C171 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Marijuana-5-938x535.jpg?resize=768%2C438 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Marijuana-5-938x535.jpg?resize=938%2C535 938w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors  – Greengro Technologies, Inc. (OTC:GRNH), a world-class provider of eco-friendly green technologies, today launched a new internal company division called GenoBreeding that will direct a Greengro initiative to bring to the market cutting edge cannabis varieties through the application of modern plant breeding technologies.

This initiative from Greengro is in keeping with the cannabis industry’s increasing reliance on genetics – heredity and the variation of inherited characteristic in plants – to help growers create better, more powerful and sometimes personalized commercial cannabis strains that share desirable inherited characteristics.



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Greengro Technologies

“This initiative includes the use of conventional and modern plant breeding techniques to develop high quality cannabis varieties for medical use,” said Greengro CEO James Haas.

Greengro is working with a team of specialized plant scientists and geneticists to develop cannabis varieties that possess improved levels of key compositional traits (e.g., THC and CBD) by using innovative breeding technologies, according to Haas, who said that Greengro has had its cannabis genetics program in development for a number of years.

Greengro’s GenoBreeding group is focused on developing breeding tools such as molecular markers to enable breeding decisions and processes to achieve top-tier plant performance in a sustainable manner.

“Our collaboration through this initiative with leading scientists enables us to utilize proven crop breeding techniques in the indoor production of cannabis, while at the same time modernizing Greengro’s existing efforts to produce original products for California’s cannabis market,” said Haas, who indicated that the GenoBreeding division will eventually be spun off into its own company.

“We’re developing market leading elite cannabis genetics with innovative breeding solutions,” explained Haas.

Greengro’s GenoBreeding initiative combines elite cannabis genetics with state-of-the-art plant breeding methods to maximize yields and expression of desired traits.  Key elements in the breeding program include:

  • Development of molecular markers for desired traits and implementation of marker-assisted selection to reduce breeding cycle time.
  • Application of genomic systems to enable breeding decisions and processes to achieve sustainable, top-tier plant performance.

The goal of Greengro’s GenoBreeding initiative in using applied genetics in cannabis production is to promote stability and predictability in hybridized strains.  Stability refers to minimizing variability and maximizing predictability found in the offspring of parent plant generations.

Genetics is helping growers create better, more powerful and sometimes personalized commercial cannabis strains.

This process involves the cannabis genome (the complete set of genes and genetic material present in the plant), genotype (the plant’s complete heritable genetic identity), and phenotype (the set of a strain’s expressed, observable characteristics resulting from the interaction of its genotype with the environment).

Variability, a consequence of strain genetic instability, refers to the range of different phenotypes that will express when hybridizing two different plant strains.  Desirable predictability refers to the expected distribution ratio of a plant’s different phenotypes expressed as a unique strain.

About Greengro Technologies
Greengro Technologies is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial farming markets. The company’s customers include restaurants, community gardens, and small- and large-scale commercial clients. For more up to date info like our Facebook page at https://www.facebook.com/GreengroTechnologiesInc?ref=hl.



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Political and economic uncertainty creates a rush to buy gold

Political and economic uncertainty creates a gold rush

Political and economic uncertainty creates a gold rush

In troubled times, investors behave ‘like a herd of sheep,’ says jewelry store owner


gold rush  Alec Van Rijk is a longtime true believer in precious metals, especially gold.

“I am putting on a daily basis a lot of my money into gold. I love gold. I like to trade in it and I have a lot of confidence in gold,” said Van Rijk.

The self-described “gold bug” sits on a stockpile of gold bars and jewelry. At his jewelry store in Toronto he buys and sells gold daily.

Van Rijk says gold has an “instant” value.

“So the intrinsic value, I think, is there and I think the commodity is very stable. Much more stable than paper money,” said the owner of Van Rijk Jewellers.

In fact, gold prices have long been volatile, but in an era of global political and economic uncertainty there is often a rush to buy gold.

“Gold is scarce, it doesn’t corrode, it’s got these magical qualities that people prize, the ancient Egyptians loved it, the Romans loved it,” said Eric Kirzner, who teaches finance at the University of Toronto.

“It’s been something that people have held for thousands of years, in fact. But it doesn’t have investment qualities,” cautions Kirzner.

He sees some value in having a bit of gold as part of an investment portfolio.