Cryptocurrency News Today: DeCoin, Agrocoin, SGA, Bitcoin, Ripple, Ethereum, and More

DeCoin: Profit-Sharing Cryptocurrency Invites Media to a Press Conference Toward Its Launch (PRNewsWire.co.uk)
DeCoin, a new cryptocurrency will be introduced to the fast-growing world of cryptocurrencies. Decoin is decentralized, profit-sharing, and customer service oriented, and will be making inroads in the digital currency marketplace in 2018. In May 2018, a new cryptocurrency called “DeCoin” will be launched. “The Coin of the People” will focus on profit sharing, customer care, and education. Utilizing decentralized blockchain-based technology, the stated goals of Decoin are: 1) Global reach to people who might not have experience or knowledge of cryptocurrency 2) A loyalty reward program with a guaranteed 6.2% average annual increase for coin holders if they use the DeCoin wallet. 3) Every person is a potential user of DeCoin and educating its user base is a core value for the DeCoin team.

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Cryptocurrency Backed by Habanero Peppers Is a Thing in Mexico (Bloomberg)
A cryptocurrency called Agrocoin is giving buyers a chance to invest in some of the world’s spiciest peppers. Mexico’s Amar Hidroponia, which grows only habanero chilis, started selling digital tokens in September as a way to raise capital from smaller investors. Each 500 peso ($27) Agrocoin is backed by a square meter of hydroponic production in Quintana Roo state. The company says it expects to pay a yearly dividend equal to about 30 percent of the cost, depending on output and demand.

Saga Foundation to Launch Reserve-Backed Cryptocurrency (FinanceMagnates.com)
The Saga Foundation, a non-profit organisation based in Switzerland, is planning to launch a new cryptocurrency in the last quarter of 2018, according to the Financial Times. The project is notable because of the qualifications of its founders. The currency, SGA, is to be asset-based, with its value tied to a “variable reserve of conventional currencies, hosted by reputable banks”. This reserve will include funds used to buy SGA tokens. According to the website, the purpose of the reserve “is to ensure participants can sell SGA; the contract will always offer to buy SGA, drawing on funds from the reserve.”

Hawaii Considers Cryptocurrency Consumer Protection Bill (GovTech.com)
(TNS) — Warning: Most virtual currencies are based upon computer cryptography and derive their value solely from the market’s perception of their value, which can experience great swings. You should be aware that there is a potential for you as a consumer to lose all of your virtual currency. This disclosure is something a state agency wants local consumers to get from brokers of virtual currencies such as Bitcoin before making transactions. The warning is in Senate Bill 3082, which was heard Tuesday by the House Consumer Protection Committee.