PotCoin Soars After Ex-Basketball Star Rodman Wears Logo in North Korea

PotCoin, a crypto currency for the legalized cannabis industry, jumped in value on Tuesday after ex-basketball star Dennis Rodman arrived in North Korea wearing a t-shirt and baseball cap emblazoned with the digital payment system's logo.

PotCoin, which hopes to become the of the marijuana industry, is sponsoring the former National Basketball Association player's trip to North Korea to meet with the leader of the reclusive state, Kim Jong Un.

PotCoin, like Bitcoin, is a virtual currency that can be moved like money around the world anonymously without the need for a central authority.

As of 1:30 p.m. EDT (1830 BST) on Tuesday, one PotCoin was worth nearly 19 cents, up more than 90 percent from the previous day's session, according to coinmarketcap.com. The digital currency's market capitalisation rose to over $40 million (31.36 million pounds).

The sponsorship details were not known but PotCoin said in a press statement that...

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