Crypto.IQ Daily Digest June 12, 2018

LITECOIN • FROM BCFOCUS.COM

Litecoin (LTC): Cannabis delivering website accepts cryptocurrency for payments

IQ THOUGHTS:

We fully expected the melding of crypto and cannabis, since the two have traveled similar paths from pariahs to being at least partially embraced.

Crypto and cannabis go together — and have gone together — since innovative entrepreneurs travelled the new Silk Road to buy marijuana and other drugs online using cryptocurrency.

Now, crypto and cannabis are going legitimate with a new delivery service in Los Angeles that offers a 10 percent discount on your purchases if you use Litecoin. So far no one has taken the service up on the added feature, so they’re still waiting for their inaugural crypto cannabis sale.

ETH CLASSIC • FROM BLOOMBERG

Cryptocurrency Ethereum Classic Soars on Coinbase Listing Plan

IQ THOUGHTS:

Coinbase has expanded its coin offerings by one, adding Ethereum Classic to its stable of coins. Coinbase is seen as one of the leading exchanges, and it’s one we recommend, especially for newcomers to the space, but it offers few coins, forcing its customers to look elsewhere when they seek to trade alts.