Facebook Reversal / Vitalik / Florida / EOS Reboot?

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (1:34 p.m. EST): $6,143.09 (-0.29%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More… $BCH (1:35 p.m. EST): $710.81 (-1.41%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (1:35 p.m. EST): $436.33 (-4.07%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (1:36 p.m. EST): $80.39 (1.50%) // 90-day high: $251.03 // 90-day low: $79.00 // More… $XRP (1:36 p.m. EST): $0.46 (0.00%) // 90-day high: $1.20 // 90-day low: $0.46 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Facebook will reverse its ban on cryptocurrency advertisements. The social platform will allow preapproved advertisers to promote cryptocurrency-related businesses and services. Facebook, though, will still not allow advertisements for ICOs. The shift in policy comes amid speculation that Facebook wants to enter the cryptocurrency space. It may be launching its own cryptocurrency, or as some have speculated, making a bid to purchase Coinbase. Facebook also started its own dedicated blockchain team this year. -RECODE       REAL VISION: It’s like Netflix…but for investors Real Vision is on a mission to make you a great investor with the first financial on-demand video platform that gives you direct access to the smartest minds in finance.  Watch in-depth presentations, documentaries, actionable trade ideas and interviews with the industry’s most respected investors, analysts and strategists including Kyle Bass, Jeff Gundlach, and many more. Try it before you buy with free trial. For an ad-free experience, upgrade to Inside Premium       2. Ethereum co-founder Vitalik Bueterin has called for a challenge to nChain’s recent patent award. nChain, whose chief scientist Craig Wright claims to be Satoshi Nakamoto, received a patent in Europe for a “digital security invention.” Buterin claims there is no new “invention” at all, but instead trying to patent a security system in use since 2013. Buterin wants to challenge the patent in court. Buterin had previously called Wright a “fraud” for his Nakamoto claims. -COINGAPE       3. Florida CFO Jimmy Patronis has instructed his office to create a position for a state-specific cryptocurrency czar. Patronis said that the position will oversee the application of current securities and insurance legislation for ICOs and digital currencies. The move comes alongside the announcement that the state will require ICO and cryptocurrency firms to register with Florida’s Office of Financial Regulation. Patronis also refers to the fact that cryptocurrencies are even officially recognized as means for payment of taxes, identification cards and license plates in Seminole County. -BITCOINIST       4. EOS CTO Dan Larimer has proposed removing the project’s current constitution and replacing it with a new one. The proposal comes just a few weeks after EOS officially launched. Larimer argued that the current constitutions vests too much power at the hands of arbitrators. The proposal would limit their authority, removing their involvement in smart contracts. Changing the constitution may be difficult as it requires a quorum of 15 percent of token holders, and those that support Larimer’s proposition must have at least a 10 percent lead for 30 continuous days. -BITCOINIST       5. Bitcoin has seen at least 44 forks in the past 10 months. Some of these splits are well-known, including bitcoin gold and bitcoin private, but there are a number of others that have largely flown under the radar. For example, do you own any bitcoin pizza? There is a feeling, though, that many of these forks are get-rich-quick schemes for the inventors opposed to honest attempts to contribute to the blockchain ecosystem. -INVESTOPEDIA       6. Circle CEO Jeremy Allaire said his firm’s institutional trading desk experienced a 30 percent increase in new institutional clients in May. This comes as the price of bitcoin has plunged to yearly lows. “In May, which was a challenging month, we saw a sharp increase of unique new counter-parties,” Allaire said. “A lot of folks on the institutional side are on-boarding, and getting their ducks in the row.” The change came as Circle instituted an electronic trading interface to help trading, something not many cryptocurrency platforms offer. -CCN       7. The United States government wants to confiscate 4,000 bitcoins seized during a crackdown of dark web marketplaces. The coins come from the arrest of two men who allegedly manufactured drugs and distributed them through internet marketplaces between 2013 and 2017. -COINDESK 8. The cryptocurrency universe expands well beyond bitcoin. While those inside the community know this, the general population may not understand the true depth of the cryptocurrency world. -BLOOMBERG 9. Bitcoin and blockchain could fuel a boom in Japan’s economy. There is hope that these technologies could help pull Japan out of “decades of economic malaise.” -FORBES 10. Crypto Gazette profiles litecoin founder Charlie Lee. The article explores Lee’s background, his work history, and his position in the cryptocurrency community. –CRYPTO GAZETTE       From the Forums Some thoughts on the Facebook announcement. Joining the 21 Million Club. Some updates to ENS.       Brains and Chains: the AI & Blockchain Conference Join us at the AI and Blockchain Conference to explore these two cutting-edge technological trends. Top minds in AI and Blockchain will discuss how they can be utilized to create opportunities for innovative solutions. (June 28th, New York City). Register today

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