Potcoin Soars After Trump-Kim Summit

SUBSCRIBE VIEW IN BROWSER FORWARD TO A FRIEND Jun 15, 2018 In what is perhaps some of the most bizarre news to come out of the regularly bizarre cryptocurrency space, the summit between U.S. President Donald Trump and North Korean leader, Kim Jong-un seems to have helped trigger a surge in price in potcoin, when none other than basketball Hall of Famer Dennis Rodman showed up to support the nation wearing a shirt depicting a logo for the marijuana industry cryptocurrency. Then, on Wednesday, the most valuable cryptocurrency by market cap, bitcoin, collapsed to a four-month low following continuing concerns over regulatory uncertainty, and the following day the second largest cryptocurrency, ether, exploded in value when the U.S. Securities and Exchange Commission gave some unexpected clarity on the cryptocurrency's status. Also on Thursday, the cryptocurrency industry received a double-dose of support, when a typically strict New York regulatored doled out a batch of new approvals to two of the most heavily funded cryptocurrency startups, followed later that day by news that hedge fund legend Mike Novogratz had invested $15 million in a startup aiming to help a wide range of exchanges tokenize otherwise illiquid assets. Current Price Of Top 5 Coins (by market cap) Bitcoin (BTC): $6,534 Ethereum (ETH): $493 Ripple (XRP): $0.5442 Bitcoin Cash/BCC (BCH): $862 EOS (EOS): $11 Source: CoinMarketCap. Prices as of 10:15 a.m. on June 15, 2018. Trump-Kim Summit: Dennis Rodman-Backed Cryptocurrency Potcoin Soars After Meeting BY BILLY BAMBROUGH In a strange twist of fate, the intersection of these three wildly different people surrounding a meeting about the future of world peace triggered an explosion in the price of a cryptocurrency designed to power the increasingly legal marijuana industry. Bitcoin Has Followed A Downward Trend This Week BY CHARLES BOVAIRD Even as a number of other cryptocurrencies experienced unusual signs of growth, the most valuable cryptocurrency of them all continued to struggle. While the exact reasons for the struggling price remain somewhat of a mystery, changing regulatory conditions could soon have a positive impact. Ether Prices Surge As SEC Comments Improve Clarity BY CHARLES BOVAIRD Following months of regulators tap dancing around the question of whether ethereum is a security, an SEC director seems to have removed all doubt with a clear declaration on a public stage in California. Licensed Trust Company Paxos Authorized To Add Ethereum, Litecoin, Bitcoin Cash And Lumens BY MICHAEL DEL CASTILLO The typically rigid New York Department of Financial Services this week doled out permission to the itBit cryptocurrency exchange to start trading ether, litecoin, stellar lumens and bitcoin cash, on the same day it granted a cryptocurrency trading license to the Xapo wallet. Novogratz Invests $15 Million To Mass Produce Crypto Exchanges For Illiquid Assets BY MICHAEL DEL CASTILLO Former billionaire Mike Novogratz has deepened his bet that cryptocurrency could be the source of his next fortune, with a $15 million investment in AlphaPoint, a company that accelerates the creation of crypto exchanges. Did someone forward you this newsletter? Follow us on Twitter This email was sent to bitcoinmovement@protonmail.ch. If you no longer wish to receive these emails you may unsubscribe at any time. Please click here to view our privacy policy. Forbes Media | 499 Washington Blvd. | Jersey City, NJ 07130 If you no longer wish to receive these emails you may unsubscribe

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