Showing posts with label crypto. Show all posts
Showing posts with label crypto. Show all posts

PayPal Increases Supply of Their Stablecoin PYUSD by a MASSIVE 90%...


PayPal's foray into the stablecoin market with PayPalUSD (PYUSD) has been nothing short of remarkable.

The total market capitalization of PYUSD has skyrocketed to $8 million, marking a staggering 90% growth from its initial value slightly above $2 million at the start of the month.

This meteoric rise can be attributed to its adoption by several leading centralized exchanges.

Notably, Kraken was a significant player, contributing to 90% of PYUSD's trading volume last month.

The surge in supply aligns with the trading volumes, which have amplified fourfold, touching $9.29 million. Since its inclusion on September 7, Huobi has become a dominant force, accounting for 57% of the coin's trading volume.

Currently, PYUSD predominantly trades against other stablecoins such as USDT, USD, and EUR. However, stands out as the sole exchange offering trading pairs with major cryptocurrencies like bitcoin (BTC) and ether (ETH) against PYUSD, though these pairs have yet to gain substantial volume.

The potential for PYUSD's growth is palpable, especially as more exchanges are poised to introduce diverse trading pairs. Launched on August 7, PYUSD is underpinned by dollar deposits and short-term US Treasuries, operating as an ERC-20 token on the Ethereum network.

Could PYUSD be gearing up to challenge USDT and USDC?

While PayPal has some distance to cover, the current trajectory suggests a promising future. If they maintain this pace, PYUSD could indeed emerge as a formidable contender in the stablecoin arena.

Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

UK's New Prime Minister a CRYPTO BULL, Who Wants to See "UK a Global Hub for Crypto"...

Rishi Sunak Crypto Bull UK Prime Minister

Rishi Sunak, a well-known crypto bull and former UK Finance Minister, will soon succeed Liz Truss as the country's leader.

Only Sunak received endorsements from more than 100 legislators. Because he was the only MP qualified to run, he automatically won the election.

Graham Brady, a party official, declared, "I can confirm that we have received one valid nomination, and Rishi Sunak is therefore elected as leader of the Conservative Party,"

Sunak is the third prime minister in the last 7 weeks...

The first had resigned due to controversy. then in just 45 days after taking office, departing Liz Truss was removed from her leadership post following the swift failure of her ambitious plan to lower taxes on the country's richest earners.

Instead of improve the economy, it got worse fast - mortgage rates skyrocketed and the pound fell sharply, making her unpopular with the vast majority of Britons.

It's fair to say Sunak has a huge challenge ahead, and a large mess to clean up.

He's made his stance on crypto crystal-clear...

Rishi, who is only 42 years old, belongs to the first generation to have grown with the internet, and is generally more comfortable with new technologies.

Just months ago in to his prior position as chancellor of the Exchequer (or Head of the Treasury) Sunak said, "It’s my ambition to make the UK a global hub for crypto asset technology"

He elaborated in a press release from his office on the topic of crypto, which said "the government can ensure financial stability and high regulatory standards so that these new technologies can ultimately be used both reliably and safely". 

He thinks stablecoins ought to be a "recognized form of payment" since they might provide consumers a "more efficient" way to pay.

Sunak takes office tomorrow,  Tuesday, October 25.

This is the most powerful government position a known crypto supporter has held. 

Author: Mark Pippen
London News Desk 
Breaking Crypto News 

Tron (TRX) Price Value Surges As Mushe (XMU) Enters Presale...

Plenty of self-made crypto millionaires have come forward and shared their secrets online. Watch out for this week's crypto news and do not miss out on your opportunity to generate millions with digital finance.

How To Get In On Crypto 

Almost everybody invests in crypto, as it can become a second income when done properly. But the market has been down recently and this does not encourage people to join the cryptosphere. 

Maybe you want to start investing but are scared of the risks that come with being a beginner investor. One thing you must know is that the best time to buy crypto is actually when the market is down, and that is now.

As many worry about investing in the wrong digital asset and losing money, do not make the same mistake and consider investing in these two coins. The crypto market has recently pushed beyond the $2 Trillion wall and many investors have seen their returns. Do not miss your chance and watch out for Tron (TRX) and Mushe (XMU).

Profits For This Week

Tron (TRX)

Launched in 2017, TRON (TRX) is a decentralised blockchain-based operating system created by the Tron Foundation. 

According to the whitepaper, the long-term objective of Tron is to accelerate the internet’s decentralisation. As such, the platform includes a variety of innovative decentralised project offerings.

The platform functions as a tool for developers to create dApps and consequently, it is an alternative to Ethereum. The TRON software supports decentralised applications (dApps) as well as smart contracts.  

Additionally, the platform allows any investors to create dApps on the TRON network, offer content, and be rewarded with digital assets.

The platform's governing coin is the TRX token and is used for the payment of fees on the Tron blockchain. As more projects surge, the more TRX tokens circulate as the price value increases.

According to, the token acquired 10% in the last 24 hours and is currently the 24th largest coin by mark cap. The TRON price today is $0,074048 with a live market cap of $7.5 Billion.

Mushe (XMU)

The XMU Token serves as the utility token to the Mushe Ecosystem and is a decentralised cryptocurrency that provides peer-to-peer interaction, rewards, and governance utility.

The platform is recent to the market but investors are already praising it for its innovative features. It has a Mushe Wallet which allows users to buy and exchange crypto coins.

It also includes Mushe DeFi for voting, playing in the lottery and plenty of rewards programs and a Mushe Chat, a social platform that bans third parties and other investors from accessing the personal details of users.

With a strong Metaverse presence, the platform contains a Mushe Verse. It is a place for users to socialise, play and earn in the Metaverse ecosystem. 

Similarly, Mushe (XMU) is aware of the recent NFT hype and has included Mushe NFTs. These symbolise ownership of Mushe services and can be purchased with the token.

The token is currently in its presale which makes it the best time for you to invest. Buy Mushe now for cheaper and sell it for higher once the price value increases.

Join Mushe’s Presale:






Information Provided Via Guest Post Submission

Content not created, evaluated, or endorsed by Global Crypto Press Crypto & NFT Press Release Distribution

Can You Spare $100? 3 Game-Changing Cryptos To Invest In...


Seesaw token SSW

To get started in crypto, you don't necessarily need a lot of money. While investing in stocks has historically been catered towards wealthier people with financial understanding, crypto has emerged as the accessible alternative for everyone. 

The terminology and charts utilised by the crypto market can easily put off a newcomer, but the truth is, nobody can predict which crypto will explode. Meme coins continue to surprise people with explosive gains until this day.

Thus, a $100 initial investment could help lay the groundwork for massive long-term gains. Let's look at why Ethereum (ETH), Ripple (XRP) and Seesaw Protocol (SSW) appear to be long-term winners. 

Ethereum (ETH)

Ethereum (ETH) is the second-largest public crypto, with a market cap of $345 billion, accounting for nearly 20% of the entire crypto market. The Merge, a platform upgrade that could make running the blockchain more environmentally friendly and sustainable, is being worked on by the platform's developers to keep its dominant position.

Ethereum (ETH), as you may be aware, has fallen behind newer blockchains. Consider Solana (SOL), which can process 50,000 transactions per second versus Ethereum's (ETH) meagre 15.

This discrepancy is due in large part to Ethereum's (ETH) proof-of-work (PoW) block validation mechanism, which requires miners to solve computational problems in order to verify transactions. This is a time-consuming process that uses real-world resources. These problems will be addressed in a future update.

Ethereum's (ETH) main blockchain will merge with a parallel network known as the beacon chain and transition to a full proof-of-stake (PoS) system, where miners verify transactions using existing coins rather than solving puzzles, according to its developers. This change could result in a 99.95% reduction in Ethereum's (ETH) total energy consumption, as well as the possibility of future improvements aimed at speed and scalability.

The Merge's release date is unknown, but the developers say it could be a few months after June.

Ripple (XRP)

Do you want crypto with real-world application? Ripple (XRP) is where to look. Despite ongoing legal uncertainty, the well-defined niche and impressive technical capabilities of this finance-focused blockchain position it for long-term success in the competitive crypto industry.

While almost all cryptos can store and transmit value, Ripple (XRP) goes above and beyond by optimising its design for this purpose. Transactions are quick and inexpensive, taking three to five seconds to complete for a fee of 0.0001 XRP tokens (each XRP is currently worth $0.65).

Ripple Labs, the blockchain's creator, also offers RippleNet, an enterprise-level payment solution that allows large companies to move money across borders using Ripple's (XRP) native token, XRP, as well as other traditional currencies. So far, the protocol has a number of high-profile partners, including Santander, a Spanish multinational bank, and American Express, a global payments giant.

The real-world utility of Ripple (XRP) has piqued the interest of US regulators, who are investigating whether the blockchain's creators broke security laws when they launched it. Nobody knows how this situation will turn out, but investors should keep in mind that Ripple's (XRP) developer is distinct from the XRP tokens you buy or sell on exchanges.

Seesaw Protocol (SSW)

Before its launch, Seesaw Protocol (SSW) had a hugely successful presale, with its price increasing by an incredible 8000%. Seesaw Protocol (SSW) started at $0.005, but its popularity quickly grew, and the token's presale ended at around $0.40, much to the delight of its holders.

Seesaw Protocol (SSW) has generated a lot of buzz due to its transformative goals, which have contributed to its skyrocketing presale price. According to its White Paper, Seesaw Protocol (SSW) aims to connect other blockchains, including Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH), allowing users to use whichever blockchain network they prefer.

Following the launch of PancakeSwap, holders can expect the multi-chain bridge and swap, cross-chain deployment across Ethereum (ETH) and Polygon (MATIC), and the UniSwap launch later this year. 

Find out more about Seesaw Protocol (SSW) here:






Information Provided Via Guest Post Submission

Content not created, evaluated, or endorsed by Global Crypto Press Crypto & NFT Press Release Distribution

American Bankers Association Tells Banks "Find A Partner In Crypto" - After Seeing Success From Those That Already Have...

Crypto and banks

American Bankers Association (ABA) has a new bit of advice for banks in the United States - find a partner in crypto!

The ABA bases their suggestion on the success of those banks that already developed partnerships with crypto-focused firms, as those partnerships have proven to be profitable.

Mutually beneficial...

The banks can help the crypto firms and profit from assisting with custody of clients fiat cash, and offer their expertise in KYC procedures. 

On the other end, the ABA says banks could benefit and save money by utilizing crypto firms blockchain technology to offer cheaper transactions and lending.

The report mentions crypto/blockchain use cases for payments, lending exchange trading, broker-dealer insurance, network utility, and asset management.

“Blockchains represent a transparent and decentralized way of recording transactions, both financial and non-financial, but their use for the creation, storage, transfer, and trading of cryptocurrencies has grown exponentially over the past few years. At the same time, the crypto industry itself, while novel to many, has reached all-time highs in terms of market size, public interest, and company valuation” the reports summary reads.

Make love not war...

While many, and with valid reasons, are skeptical of big banks involvement anywhere in the space, there's also one reality we can't forget - if crypto takes a stance solely as competition to the banks, the banks will lobby for unfriendly regulation.

But if the banks can provide services that are actually needed, so they profit while at the same time being kept an arms length away and separate entities from the crypto companies, it may discourage them from using their (massive) political influence against crypto. 


Author: Justin Derbek
New York News Desk
Breaking Crypto News

YouHodler vs Who is the Champion of FinTech?

At first glance, YouHodler and are very similar products with a few intersecting features. However, after digging deeper into both products, one will find two completely different platforms with unique visions. Which one is for you depends on personal preference but let’s try to break up the pros and cons of each as best possible so you can make a well-informed decision.

YouHoder vs What are they all about?

YouHodler is a FinTech platform that has a main focus on crypto-backed loans in fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoins (USDT, USDC, TUSD, PAXG, DAI, HUSD). The platform also has universal conversion between all assets on the platform in addition to high-yield savings accounts and some other creative trading tools we’ll get into later.

YouHodler supports all the top 15 coins/tokens and user’s digital assets are guarded with Ledger Vault’s advanced security and custody option. YouHodler is an active member of the Crypto Valley Association and the Blockchain Association of the Financial Commission. is a cryptocurrency and payment platform that over the years, has evolved into a wide range of products that help promote the adoption of crypto on a grander scale. Currently, has an exchange, a Metal Visa card with 5% cashback on all spending, digital asset savings accounts, crypto credit, and a wallet. They also have two tokens (CRO and MCO).

YouHodler vs Comparing the core features

Crypto-backed loans: Use the top 15 coins/tokens as collateral for an instant loan in fiat, crypto or stablecoins. YouHodler features the highest loan to value ratio in the industry (90%) and loan fees range from 1% - 7%. There are three different loan plans to choose from all with flexible management options

Savings accounts: Earn interest in crypto and stablecoins with compounding interest rates up to 12% APY. Payouts are weekly and users can still use other features of the platform while continuing to earn interest.

Multi HODL: A 100% original feature powered by YouHodler’s crypto lending engine. With this tool, users can take a “chain of loans” that help them either buy more crypto or sell more crypto to profit depending on which market direction they choose. Combined with savings accounts, Multi HODL helps users earn interest on an indefinite amount of crypto in what YouHodler calls “Limitless Savings Accounts”

Turbocharge: Similar to MultiHODL but less flexible. Turbocharge helps users take a chain of loans to buy more crypto using and multiply their portfolio using a small initial amount of collateral.

Conversion - Universal conversion capabilities between all crypto, fiat, and stablecoin on the platform.

Exchange - features a crypto-to-crypto exchange. To access the full benefits of the exchange, users must download the app first. wallet - This is a separate, non-custodial wallet that needs another app. Since it’s non-custodial, the wallet lets you take full control of your private keys, however, you cannot access other services with this app. You must link the wallet app to your main account to transfer funds.

Savings accounts - Here, users can earn up to 8% p.a. On cryptos like BTC and up to 12% p.a. On stable coins like USDT.

The main app - The foundation of the entire ecosystem is in the app itself. Available for iOS and Android, the app gives users full access to all the features.’s native token (MCO and CRO) is used in this app for a variety of purposes. By staking the MCO token, users can get more benefits on the app like higher returns and rewards on the card.

YouHodler vs Pros and Cons

YouHodler Pros
  • An easy to use app with clear, beautiful design
  • Created by a reputable team with vast experience in FinTech and crypto
  • Daily compounding interest 
  • 90% LTV on loans
  • Access to high-Interest rates on 12% without needing to stake some native token
  • $150 crime pooled insurance by Ledger Vault
  • No hidden fees (transparent fee structure)
  • No credit checks on loans. Flexible repayment plans
  • A good relationship with Swiss institutions which are famous for 
  • reputation
  • 24/7 customer support
  • Unique and creative features not found anywhere else Pros
  • Complete crypto ecosystem
  • Crypto-powered debit card with attractive rewards
  • Earn interest on deposits up to 12%
  • High-speed crypto exchange with low fees
  • Frequent promotions for users
  • Unlock higher interest rates with native token
  • Nice interface
  • Global service

YouHodler Cons
  • Android app can be buggy at times
  • Does not provide service to USA citizens
  • No crypto debit card cons
  • Not much transparency in where’s funding came from
  • Complicated two token system
  • To get the full advertised benefits of the platform, users must buy MCO and CRO.
  • YouHodler vs Unique Features

Screenshot of YouHodler’s Multi HODL tool

YouHodler has a couple of unique features not found on other platforms. We mentioned them earlier, Multi HODL and Turbocharge. Multi HODL is sort of an automated margin trading tool that helps users long and short the market with just a click of a button. Included in Multi HODL is the ability to choose your multiplier amount (up to x20) and also set Take Profit and Margin Call levels so you are always sure you exit the market at just the right time. It’s a great way to take advantage of both directions in the market at any time with a wide variety of assets. Visa cards’s unique feature is obviously the Visa card. This sexy, metal pre-paid card makes it more rewarding and easier to spend cryptocurrency in the real world. When you top up the card, your crypto is converted to USD at current market rates with no fees and then loaded up into the card. The card can then be used anywhere a Visa prepaid card is used and as stated earlier. There are certain MCO/cashback rewards on nearly every purchase with the card. While the card is free, the type of card and the rewards that come with it all depend on how much MCO you stake.

YouHodler vs security

YouHodler claims that all operations on the platform are 100% secure and they follow industry best practices in regards to IT security, access rights, data protection, and data encryption. YouHodler stores its fiat funds at reputable bank accounts in Europe and Switzerland and partners with trust fiat payment providers only.

In addition, YouHodler users Ledger Vault’s leading IT infrastructure to safely keep its crypto-assets with a multi-sig, self-custody management solution including a $150 million crime insurance pool. YouHodler performs regular security audits. also has a strategic partnership with Ledger and Ledger Vault with a $100 million direct insurance policy led by Arch Underwriting at Lloyd’s Syndicate 2012. 100% of user assets are stored in offline cold wallets.

Any funds that are held in hot wallets are for corporate funds only and are simply there to ensure day-to-day operations are running smoothly for customers. keeps the fiat currency of its customers in custodian bank accounts that are fully regulated and secured. For US residents, the USD balances are covered by FDIC insurance up to $250,000.

YouHodler vs affiliate program/refer a friend

Both YouHodler and have an affiliate program or refer a friend program in some format. YouHodler definitely seems geared towards the more professional affiliate marketers of the world. They have an independent platform that helps affiliates monitor their referrals behavior closely and track earnings in real-time. Multiple plans are available to choose from and YouHodler provides a variety of marketing creatives to help affiliates advertise YouHodler effectively and get paid or it. Taking numbers, YouHodler pays crypto or cash for every person that follows think link and becomes an active client. Affiliates can earn up to $100 for each active clients and payouts are every 30 days. refer-a-friend instructions, on the other hand, has a rather simple refer-a-friend program. Users simply refer a friend with a referral link and then they get $50 if that person completes KYC on However, here is where it gets tricky. Users only get paid in the CRO token which is locked in the CRO wallet and can only be unlocked if the user stakes CRO for an MCO visa card.
Youhodler vs The Final Verdict

This one is not an easy decision. At first glance, both platforms have a beautiful, easy to use interface that fits all skill sets. Both savings account offers are attractive and high-yielding and they both offer a wide range of cryptocurrency assets to choose from. The reputation from both teams is fantastic and their security offers make users feel safe. There is no doubt that these two platforms are major pillars of the industry and far from any shady, low-budget startup operations. Honestly, you can’t go wrong choosing either option but there are a few key differences that cause us to lean towards YouHodler.

For one, YouHodler seems inspired. Their innovative features like Multi HODL and Turbocharge, in addition to all the customizable tools found within those features, are something other platforms don’t have. YouHodler is not a copycat of other lending platforms but a unique service doing their own thing in their own way. This is an exciting characteristic of the platform and makes one look forward to the future of this creative team. Furthermore, YouHodler doesn’t have any strange promotional “quid-pro-quo” deals as has. The fact that advertises so many wonderful benefits but forces you to buy one of its two tokens comes across as a bit dishonest and profit-driven. Essentially, that sums up the end of this comparison.

Despite its many productive features, seems driven by profit and self-promotion while YouHodler seems driven by innovation. For that reason, we think YouHodler wins this round.

Read Next: YouHodler vs BlockFi

Author: Ryan Kalbari
Toronto Newsdesk / Bitcoin Loan Reviewer

Google Search Data Shows New Spike In Public Interest In Crypto....

photo of google search
Google searches for cryptocurrency related terms registered a big rebound since the end of July. in line with the popularity scale of the Google Trends website, the popularity of those words has a total of 70 points.

The search engine uses a scale of interest over time that goes from 0 to 100, where 0 reflects insufficient data and 100 the highest popularity of a term. consistent with these parameters, the term "bitcoin" thus far in 2020 has remained during a range of around 75 points.

Google Trends for Ethereum

But This Time, The Searches Aren't For "Bitcoin"...

But the search trends do match the rise in BTCs price, telling me that just means everyone knows what Bitcoin is already. Instead, the searches revolve around things like Ethereum and DeFi.

Throughout this last month, bitcoin has exceeded the barrier of $ 9,000 where it remained for several months and has reached over $ 11,000.
Author: Adam Lee 
Asia News Desk
Press Release Distribution Editor 

YouTube DESTROYS Crypto Channels... By MISTAKE? Employees Screw Up While Supervisors On XMas Vacation....

*UPDATE: The theory we outlined here turned out to be correct! Details at the end of article. 

That headline isn't just to grab your attention, I mean it - and somebody at YouTube deserves to lose their job.

If you haven't heard, YouTube, out of nowhere, began mass deleting videos on the topic of cryptocurrency.

Sure, a small percentage deserves it, the scams and other bad investments that target the more gullible viewers can be found there, but I would bet you most scams of any kind have been turned into a video-version for YouTube.

Put in search terms like "Earn PayPal" and "CashApp Money" and you'll be flooded with search results of scam investments and sites that use standard USD and a Visa/Mastercard.

That aside, they're not just deleting scams.

The YouTube employees behind it have taken things to the extreme, so far that videos about blockchain technology (which does not necessary mean cryptocurrency is involved) is also being removed. 

Blockchain can be used to keep track of virtual coins, that's cryptocurrency, but it can also track packages, Walmart uses it for inventory, and a number of digital voting systems uses it to stop voter fraud.  Anything that involves keeping a record that you want to prevent being altered or manipulated, blockchain is how to do it.

Literally NOTHING within these videos could be twisted to claim they're violating YouTube's terms of service. There's nothing to invest in, only information on how the tech works in many.

Being Based in Silicon Valley,  I Can Verify Google is Full of Crypto Fans...

Being based in the SF Bay Area and working in tech, I've met countless people from every big name tech firm you can think of.  It's probably no surprise to hear - crypto is extremely popular here.

Remember, Silicon Valley is also home to the biggest companies in the US crypto industry - Coinbase, Kraken, Ripple, and Binance US are all within a short drive to Google. 

I would even bet crypto these exchanges easily employ 100+ former Google employees, thats just how things are here with people jumping from one company to another.  Exchanges pay top dollar for engineers, especially these last couple years as crypto entered the mainstream, and Google is a stop many seem to make even if it's just for a year or two.

Google's Top Executives Actually LOVE crypto...

Google-made billionaire and former CEO  Eric  Schmidt calls Bitcoin an "amazing advancement" and praised Ethereums "huge potential".

Schmidt was replaced by new CEO Sundar Pichai - who said in a recent interview that him and his son mine Ethereum.

and Litecoin's creator Charlie Lee is a former Google Engineer.

Does this sound like a company that won't tolerate blockchain even being mentioned?

That's why i'm convinced - this is a huge blunder, and was never supposed to happen.

I'd like to explore a possibility other members of the media haven't - somebody screwed up. 

Knowing what I know, I just can't picture a room full of Google/YouTube staff and a proposal as far-reaching as 'We're going to delete all videos about cryptocurrency, and even the underlying tech it uses (blockchain)' getting the thumbs up.  In fact, I imagine it met with swift opposition.

Also - is it really just coincidence this happens during Christmas week, when those in positions of power typically take some time off?

Reviewing videos is not a high ranking job, and I'm guessing the person/persons who typically would have been watching these lower-level employees and stopped it, were on Christmas vacation.

The question is - how stubborn is YouTube? 

While i'm confident we will soon see YouTube correct what went so wrong, and clear guidelines  implemented that allow for videos merely on the topic to exist if done correctly (something where they perhaps only target videos with an unrealistically high promise of return on investment. Things that are unquestionably scams, or even legitimate cryptocurrencies but promoted in an irresponsible 'get rich quick' way).

But anytime YouTube does changes it's mind it becomes headlines, now more than ever as recently implemented policy updates has a lot of channels angry about disappearing videos. 

My concern is that while YouTube may correct things moving forward, channels that got wiped out during this short, confusing phase, may not see their videos restored and strikes removed.  Simply to avoid fueling the flames with channels in other niches.  I can already see the Tweets crying 'well you gave THEM their videos back!' - making a blanket policy of 'what's done is done' sound pretty appealing.

Ironically, I reach out to my contact at YouTube. A management-level employee, and big surprise - they're away on vacation.  It's the foxes running the hen-house over there until next week.

* UPDATE! (And... I told you so!  )
It was one big mistake  - Crypto YouTuber Alex Saunders just shared:"We're back! Still no contact from Youtube but the 250 removed videos & strikes have been revoked. Amazing to see the community rally behind everyone affected. This situation highlights the importance of educating the masses on decentralised systems."

Other channels are experiencing the same. 

Author: Ross Davis
E-Mail: Twitter:@RossFM

San Francisco News Desk

Boxing Legend Manny Pacquiao Prepares To Dump a Sh*tcoin On Us....

Boxing Legend Manny Pacquiao took to the stage at a free concert Sunday in Manila, sang to the crowd, and announced he's launching a cryptocurrency called "PAC".

At least that's what he said, so most of the media simply repeated it.

But like most athletes, outside of playing their sport of choice, they can be found endorsing pretty much anything willing to pay their fee. 

So the story isn't 'Pacquiao Launches A Cryptocurrency' but rather that company based in southeast Asia called 'GCOX Group' now joins McDonalds, Hewlett-Packard, Nike, Nestle, San Miguel beer and others in paying that fee. 

CGOX Group says they plan to“Allow celebrities, at the different stages of their celebrity life cycle, to develop, monetize and revitalize their popularity through the various mediums that are housed on the ACCLAIM blockchain”.

What can you do with the coin? Buy merchandise, and there's been some vaguely worded statements that somehow it can be used to gain additional access to Pacquiao online... which so far in the world of celebrity apps, has meant 'see a pic they're going to post to Instagram, a whole day early!'

Does this mean it will fail?

Probably, but there is potential for this, or something like it to be a success. 

While there's no real use-case here, there never was with trading cards either. 

It'll be a challenge to create a market where the appeal of owning a Manny Pacquiao coin is being able to say 'I own the Manny Pacquiao coin' - and so far the company behind it doesn't seem to be taking this approach. 

So, maybe this won't be the one, but it wouldn't surprise me if at some point limited edition 'official' tokens tied to personalities are traded no differently than trading cards once were. 

Frankly, the tech is perfect for the digital equivalent. Free of counterfeits, and easier than ever to track its current value.  Think Crypto Kitties, but with real life athletes. 

Author: Adam Lee 
Asia News Desk

YouHodler Mobile App: “One-Stop-Shop” for Crypto HODLers...

FinTech platform YouHodler, known for their innovative crypto-backed lending features, just announced the release of their new mobile app. After a successful beta test, this mobile version of YouHodler includes a crypto-fiat wallet including all coins/tokens from the platform, deposit and withdrawal capabilities and a control panel for loan management. The app is downloadable for free on all devices supporting iOS and Android.

All crypto-related services in one simple app
Hailed as the “one-stop-shop for crypto HODLers” YouHodler’s new app includes a user-friendly interface with a multitude of services. Upon logging in, users will see the wallets page featuring all crypto/token options (BTC, ETH, XRP, XLM, LTC, BCH, BSV, DASH, EOS, BAT), fiat options (USD, EUR) and stablecoins (USDT). Users can now easily deposit and withdraw funds into these secure wallets.

Complete crypto control anywhere in the world

Aside from a mobile wallet that allows for quick deposits and withdrawals, YouHodler’s mobile app lets users control their loans, view their activity history and manage the account profile all from their phone. Previously, this was limited to the website only. However, the new mobile app opens up the opportunity for those in developing nations who do all their crypto activities exclusively on mobile devices. The clean and simple interface is designed for crypto novices to understand while simultaneously offering enough advanced features for trading professionals.

YouHodler: More crypto-fiat financial features coming soon

YouHodler states this mobile app is the first version of an evergrowing tool that will soon add more features such as full loan management and identity verification. As a community-driven platform, YouHodler keeps an open mind to all client comments and suggestions. To submit your personal feedback on this current app or to share ideas about future versions, contact YouHodler via Telegram and Twitter (@youhodler) or via email ( Representatives are available 24/7.

To download the free YouHodler mobile app, go to the Google Play Store or Apple App Store today.

Information provided via press release
Distributed by Global Crypto Press Association Press Release Distribution for industry.