Thursday, June 7, 2018

Ethereum Bug / Venezuela / Beyonce / CryptoCup

Subscribe | View in browser

Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms:

$BTC (12:13 p.m. EST): $7,693.82 (1.20%)

90-day high: $11,849.50// 90-day low: $6,247.06// More

$BCH (12:14 p.m. EST): $1,143.67 (0.97%)

90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (12:14 p.m. EST): $607.06 (0.16%)

90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (12:15 p.m. EST): $121.55 (0.81%)

90-day high: $251.03 // 90-day low: $111.31 // More

$XRP (12:15 p.m. EST): $0.68 (1.031%)

90-day high: $1.20 // 90-day low: $0.47 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

Facebook gray   Twitter gray   Email gray   Permalink gray

1. A critical consensus bug has been uncovered in a testing environment for the Ethereum Network. Parity Technology said in a blog post that the issue was found to cause those running the software to fall out of sync, meaning others using different software would not recognize their transactions. While the vulnerability was found on a testnet, the worry is that it could be exploited on the mainnet as well. -COINDESK

Facebook gray   Twitter gray   Email gray   Permalink gray

2. Venezuelan interest in bitcoin has increased significantly over the last three months. Despite the introduction of the Petro, the volume of Venezuelan Bolivar to bitcoin exchange increased 138 percent from March to April, and then another 39 percent from April to May. June’s volume numbers appear to be on the same track. The increase comes amid another presidential election where Nicholas Maduro retained his seat atop the country’s government despite remaining unpopular among the country’s citizens. –COIN TELEGRAPH

Bitcoin interest in Venezuela rises amid controversy
Facebook gray   Twitter gray   Email gray   Permalink gray

3. Van Eck Associations and SolidX Partners have filed a request to create a bitcoin-backed ETF. This will be Van Eck’s third application with the last being withdrawn earlier this year after the Securities and Exchange Commission asked companies to pull their applications. This new fund will be physically-backed, which means it will hold actual Bitcoin, and will be insured against loss or theft of the cryptocurrency, according to the firms. The companies want to base prices for the ETF on an index that tracks over-the-counter trading from US-based institutions, which are regulated by the federal government. -BLOOMBERG

Facebook gray   Twitter gray   Email gray   Permalink gray

4. While Internet searches for bitcoin have dropped 75 percent this year, that does not mean people have completely lost interest in the coin. That 75 percent drop comes after “bitcoin” was the second most Googled term in the world last year. In the last few months – as the number of searches has dropped – bitcoin has still received more searches than Beyonce. Sometimes, the coin even surpasses searches for Trump. When more search terms are added, bitcoin beat searches for Taylor Swift, Kim Kardashian, and the World Cup. -BITCOINIST

Bitcoin still searched for more than Beyonce
Facebook gray   Twitter gray   Email gray   Permalink gray

5. Sports fans can take part in the CryptoCup, a World Cup prediction game that leverages blockchain. That platform is one of the first decentralized applications that does not focus on collectibles (like CryptoKitties) but allows users to build their own ERC 721 tokens to represent the teams they think will win the World Cup. Players can log in with MetaMask to build their token by making predictions for the 64 matches that make up the tournament. Once a prediction is made players set the value for each of their tokens. When the games finally begin, the token prediction ends and players can start trading tokens between each other. -FORBES

CryptoCup comes to digital coins
Facebook gray   Twitter gray   Email gray   Permalink gray

6. Warren Buffet and Jamie Dimon have dissed bitcoin … again. In an interview to promote a joint editorial in The Wall Street Journal the interview asked about bitcoin. Buffet continued his criticism while Dimon – seemingly exhausted by the subject – told investors to “just beware.” -CCN

7. Some of Andy Warhol’s art will be sold for bitcoin via the blockchain. A London art gallery will sell Warhol’s 1980 work "14 Small Electric Chairs" for cryptocurrency. -FORBES

8. Binance coin has hit an all-time high against bitcoin. Binance coin was created by the popular Binance cryptocurrency exchange. It hit the high at 10:45 UTC on Wednesday, and was last seen changing hands at 0.0022 BTC. -COINDESK

9. All of the 10 largest companies in the world are exploring blockchain in some way. That includes companies as diverse as Industrial and Commercial Bank of China, Berkshire Hathaway and Apple. -FORBES

10. Cloud mining service Coinmint will open a bitcoin mining plan in Massena, New York. The company will invest “up to $700 million” in the project. –COIN TELEGRAPH

Facebook gray   Twitter gray   Email gray   Permalink gray

From the Forums

Bitcoin’s Lightning Network is a total failure.

Ethereum co-founder Vitalik Buterin believes blockchain could be used in voting, maybe.

Reddit users discuss the 51 percent attack against Zencash.

Facebook gray   Twitter gray   Email gray   Permalink gray
Copyright © 2018 Inside.com, All rights reserved.

Our mailing address is:
Inside.com
767 Bryant St. #203
San Francisco, CA 94107



Did someone forward this email to you? Head over to inside.com to get your very own free subscription!

You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.