Hello folks !
Today's top 5 crypto news !
1. Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, July 04 :- What is the future? Cryptocurrencies, gold or fiat currencies? The debate rages on. The traditional investors continue to view digital currencies with an eye of suspicion while the crypto supporters consider it as a tool to free the society from the clutches of the central banks and the governments.Any new asset class that challenges the existing system will have its detractors. While a few nations are taking steps to attract the new technology, others remain skeptical.After the current fall, most of the traders who wanted to become millionaires overnight are either sitting on huge losses or have sold out their positions. Only investors who believe in the potential of virtual currencies remain invested or are looking to make a fresh investment after the fall. Read here
2. Ripple Slapped with [Another] Suit Alleging XRP is a Security :- Yet another securities fraud lawsuit has been filed against Ripple in California. In the latest suit, the lead plaintiff, David Oconer, is seeking to have the XRP cryptocurrency classified as a security.The case was filed in California’s Superior Court sitting in San Mateo County and has named Ripple Labs, its chief executive officer, Brad Garlinghouse, and XRP II LLC, a money service business unit of Ripple Labs, as defendants.According to the lawsuit, the way XRPcryptocurrency is managed and distributed by Ripple Labs as well as how the coin is conflated with the company’s product offerings makes XRP a security. Consequently, the suit claims that the firm has thus violated securities laws by selling it.Ripple Labs is also alleged to have promoted the XRP cryptocurrency in a bid to increase its value. One of the ways employed by Ripple to achieve this was to limit distribution. Read here
3. Venezuela to Finance Villas for the Homeless with Oil-Backed Cryptocurrency Petro :- Venezuela’s minister of Habitat and Housing, Ildemaro Villarroel, recently revealed that the country’s government is planning to finance the construction of villas using its oil-backed cryptocurrency, the Petro.According to local news outlet Telesur, the villas will be financed as part of the country’s housing project “la Gran Misión Vivienda Venezuela (GMVV),” which according to sources aims to give “homeless families a decent and accessible housing solution, using data provided by the community interested in solving the problem of family housing deficit.”Per Villarroel, 33 local companies are already going through technical, financial, and logistical validation processes to carry out construction projects. The Venezuelan minister was quoted as saying (translated):
“Together with the governors we reviewed plans that we will start up in the second quarter, in this second quarter the GMVV will have an injection of financial resources, which this year will be protected and established with the Petro.”
4. Brazilian Football Teams Ink Partnerships with Crypto Startup Inoovi :- Two Brazilian football teams, Atlético-PR and Corinthians, have reportedly recently signed partnerships with Hong Kong-based crypto startup Inoovi, which recently launched its “IVI” token specifically for the sport.According to local news outlet Portal do Bitcoin, the president of Atlético-PR’s Deliberative Council, Mario Celso Petraglia, revealed the partnership this week, announcing it as an “innovation in Brazil’s sports market.”Per the news outlet, the partnership gives Atlético-PR a 12-month grace period to start using the IVI token and promote Inoovit by adding its name to the team’s uniforms and website, while encouraging the team behind it to use the token. Read here
5. Interview: CEO of imToken, the World’s Largest Ethereum Wallet, Talks EOS Adoption in China :- Chinese cryptocurrency wallet startup imToken may not have much name recognition in the West, but the firm, which raised $10 million during its recently-concluded Series A funding round, claims to operate the world’s largest ethereum wallet, which boasts more than 4 million active users.ImToken recently added support for EOS to its multi-currency wallet, which previously supported BTC in addition to ETH. CCN recently interviewed imToken founder and CEO Ben He to discuss the announcement, as well as Chinese interest in EOS.CCN: What motivated you to launch a wallet for EOS ahead of other, more-established cryptocurrencies?Earlier we supported ERC-20 tokens, which generated immense traction on imToken, and ultimately we feel that the obligation to build our EOS DPOS wallet was based on our users’ feedback and what they’re looking for in a wallet right now. As a result, when EOS launch its mainnet, we wanted to provide support for these users since with imToken being the largest Ethereum wallet, there’s been a natural cross over with the growing interest in EOS. At the same time, the second largest market for imToken is now South Korea, where currently 24% of EOS trading volume comes from. Read here
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