Japanese Rejections / David Stern / Panacea / Vietnam

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (1:48 p.m. EST): $7,521.37 (-1.13%) 90-day high: $11,849.50// 90-day low: $6,247.06// More… $BCH (1:48 p.m. EST): $1,113.97 (-2.69%) 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (1:49 p.m. EST): $599.01 (-1.56%) 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (1:49 p.m. EST): $119.27 (-1.45%) 90-day high: $251.03 // 90-day low: $111.31 // More… $XRP (1:49 p.m. EST): $0.66 (-2.06%) 90-day high: $1.20 // 90-day low: $0.47 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The Japanese Federal Services Agency will reportedly reject its first cryptocurrency exchange application. The office has approved the first 16 applications it has received since the country put in these regulations last year. The applicant, FSHO, was suspended twice earlier this year from carrying out crypto activities in the country and has received two business improvement orders. -BITCOIN.COM       Looking to run an ICO? David Siegel has been there, done that - join his Token Camp this July! “Nothing in the ICO world goes as planned. Ours didn’t. Yours won’t. A successful token sale requires skill, game theory, fast reflexes, and luck.” First, you need to read this complete guide on how to prepare a compliant and successful token offering! For an ad-free experience, upgrade to Inside Premium       2. Former NBA commissioner David Stern and a number of other notable sports figures have backed FanChain, a new sports-related cryptocurrency. FanChain comes from SportsCastr, a social entertainment platform that allows people to commentate on live sporting events. Users will be able to “tip” commentators they like using FanChain, along with purchase other goods and services inside the platform. Others investors include NFL player Vernon Davis, Syracuse University basketball coach Jim Boeheim, and retired NBA all-star Steve Smith. -FORBES       3. The National Telecommunications and Information Administration wants to help entrepreneurs use blockchain. A part of the Commerce Department, NTIA announced a notice of inquiry on Tuesday that asks respondents to recommend ideas for new policies for a host of areas around blockchain, along with other technologies. These policies will help the agency encourage growth and innovation in these areas. -COINDESK       4. Ripple CEO Brad Garlinghouse said bitcoin is not the “panacea” many thought it would become. Garlinghouse’s comments came in an interview Tuesday in his latest statement against bitcoin. Garlinghouse recently compared bitcoin to Napster, claiming it was a necessary failure on the road to innovation. "I think it's (bitcoin) not going to be the panacea that people once thought it would be, where it would solve all of these different kind of problems... Instead, you're seeing specializations of different kind of ledgers, different kinds of blockchains," Garlinghouse said. -CNBC       5. Vietnam’s Ministry of Finance has officially proposed a ban on the import of cryptocurrency mining equipment. Mining rigs can currently be easily imported into the country, but the government is now rethinking that policy following a crypto fraud case that scammed $656 million from more than 32,000 victims. –BITCOIN.COM       6. Bitcoin’s 30-day volatility index has hit a one-year low. The metric calculates the standard deviations of returns for the past one-month and two-month periods. Bitcoin is now at its lowest number since last May. -MARKETWATCH 7. Check out this podcast that explains the current state of bitcoin and cryptocurrencies. The show discusses the potential for new federal oversight and congressional scrutiny. -POLITICO 8. A San Francisco man was the target of a bitcoin scam. He relayed his story to a local television station, explaining he received an anonymous letter saying unless he paid more than $8,000 in bitcoin the perpetrator would “tell your wife your secret.” –ABC7NEWS 9. 51 percent attacks have increased in the past two months with more expected to come. These hacks, where nefarious developers take over a cryptocurrency’s blockchain, highlight the fact not all blockchain networks are as secure as they may claim. –BRAVE NEW COIN 10. Crypto startups have turned more toward YouTube to hype their coins. The move comes following several social media outlets banning cryptocurrency ads, causing startups that want attention to get creative to reach new audiences. -FORBES       From the Forums China’s recent acceptance of blockchain has sent mixed messages to the cryptocurrency community. One second the country bans cryptocurrency but now wants to invest in blockchain. Everyone is confused. A visual representation of the current price of bitcoin. The next episode of Vox’s Netflix show “Explained” will focus on cryptocurrency.       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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