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.
Pixabay/Public Domain
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.
As Bitcoin’s Price Ttumbled, Coinbase’s Customer Complaints Climbed, Report Says (MarketWatch)
As the price of bitcoin has fallen, a well-known cryptocurrency has seen customer complaints jump, according to a research report on the prominent digital-asset platform. The report comes from financial analysis firm Value Penguin which studied complaints received by the Consumer Financial Protection Bureau over issues related to San Francisco-based crypto exchange, Coinbase. “Higher numbers of complaints rolled in just as prices started crashing, reaching a climax during the week of sharpest descent,” said Dr. David Ascienzo, data scientist at Value Penguin.
Ethereum Conglomerates With Stellar (XLM) For Kik’s Kin After Retracting Statement (TheIndependentRepublic.com)
Kik! Kin? I guess it does not ring a bell in your head, even if, you don’t seem to remember where you heard or saw it. This is probably because it is not on Coinbase or first 50 cryptocurrencies by market cap. While Kik is a Canadian mobile app which aims at “connecting the world through chat” just like other social media apps like Facebook, Snapchat, and WhatsApp, but basically uses email for registration rather than mobile number, in a bid to secure anonymity.
Ripple Aims to Expand in China Later This Year (LiveBitCoinNews.com)
Ripple is always looking to make an impact in new markets. So far, the company has seen great success throughout most of Asia. China has been one region where the company hasn’t made much of an impact just yet. That situation may soon change, as the company is confident their payment solution will gain traction in this market later this year. It is always good to see how Ripple wants to progress their service. A strong focus on blockchain-based payments should not be overlooked by any means. This service has been of great interest to quite a lot of companies in Asia. Several pilot projects have been launched in recent months. We also see major remittance service providers embrace the company’s xRapid solution as of right now.
Google will Create its Own Blockchain in the Future: Report (CCN.com)
Google has been watching startups get ahead of the company with various blockchain projects, but now it has decided to take a major step. Citing credible sources, Bloomberg is reporting that Google is planning to create its own blockchain and offer cloud and transactional services through it. “The Alphabet Inc. unit is developing its own distributed digital ledger that third parties can use to post and verify transactions,” said one of the sources.
G20 Put Cryptocurrency On Hold Until July (CryptoDaily.co.uk)
Some of the world’s leading finance ministers have pledged to look seriously at how a system of regulation could be developed to govern crypto assets. In a communique published on Tuesday, the G20 said:“ We call on international standard-setting bodies (SSBs) to continue their monitoring of crypto-assets and their risks, according to their mandates, and assess multilateral responses as needed.” A deadline of July later this year was set for a package of recommendations to be articulated, with the Italian central bank governor Ignazio Visco commenting that he expected this task to be largely entrusted on the International Organisation of Securities Commissions (IOSCO).
