Cryptocurrency news for today June 20

Cryptocurrency news for today June 20

Analysts changed their minds again. Now they advise to forget about gold and bitcoin, but invest in stocks. The first cryptocurrency, meanwhile, is dormant in the range and as if it is not going to leave there. Experts on the interruption offer options for the development of events. Creators of PlusToken scam again stirring: Whale Alert service fixes large transfer in XRP.

Cryptocurrency news for today June 20

Read about the situation in the cryptocurrency market, as well as about the key events that have occurred in the cryptocurrency industry over the past day, in our daily digest..

PlusToken Pyramid Powered Millions of XRP

Cryptocurrency news for today June 20

The crypto community sounded the alarm about the threat of fraud after the PlusToken financial pyramid transferred almost 285 million XRP coins. Analytical resource Bithomp has published a warning about possible fraud. The reason for the alarm was the massive transfers of the Ripple cryptocurrency noticed on the crypto market. Their main alarming feature was that almost 285 million XRP were sent from the addresses of the notorious financial crypto pyramid PlusToken. More details 

UNICEF Distributes Cryptocurrency to Fight the Impact of COVID-19

Cryptocurrency news for today June 20

Cryptocurrency Fund UNICEF announced major investments in 8 start-ups in emerging economies to support their fight against the effects of the pandemic. The international organization UNICEF, also known as the United Nations Children’s Fund, has decided to contribute to eliminating the negative impact of the COVID-19 epidemic on children and young people. More details

Token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More Comp Gains 25% As Bitcoin Continues To Decline

Compound, a decentralized lending platform, launched earlier this week and became popular with users almost immediately. The main payment instrument of the resource is its own Comp token, which is used for exchange operations, as well as for issuing loans in cryptocurrency. In just a few days, the cryptocurrency was able to make an unexpected leap and rise by 245%: from $ 60 per token to $ 200. Thanks to this rapid growth, the token immediately moved to 24th place in the list of the most popular cryptocurrencies, overtaking even ZCash, NEM, Dogecoin, Enjin Coin and others. More details

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