Korean Hack / Netflix Complaints / Women / Zug

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (1:07 p.m. EST): $6,759.92 (-4.79%) // 90-day high: $11,849.50 // 90-day low: $6,247.06/ / More… $BCH (1:08 p.m. EST): $931.75 (-7.13%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (1:08 p.m. EST): $523.51 (-6.19%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (1:09 p.m. EST): $105.92 (-4.47%) // 90-day high: $251.03 // 90-day low: $111.31 // More… $XRP (1:09 p.m. EST): $0.57 (-5.24%) // 90-day high: $1.20 // 90-day low: $0.47 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Coinrail, a small South Korean cryptocurrency exchange, tweeted this past weekend that it was hacked. The announcement coincided with a selloff of bitcoin, which dropped more than 10 percent to a low of $6,647.33, its lowest total since April 9. If that’s not enough bad news for bitcoin, The Wall Street Journal reported on Friday that regulators in the United States are investigating price manipulation at four major cryptocurrency exchanges: Bitstamp, Coinbase, itBit, and Kraken. -CNBC       How to fund companies with tokens? Learn from David Siegel and join the crypto revolution! "Most of today’s token offerings should probably not be the utility tokens we’re using to raise money now." Utility tokens of 2018 are securities in sheep's clothing. Learn more about security ICO fundraising for your business with David Siegel, Pillar Project CEO and author of The Token Handbook. For an ad-free experience, upgrade to Inside Premium       2. A noted developer has criticized the Netflix series “Explained” for its characterization of bitcoin in a recent episode. Jameson Lopp, a former lead engineer at BitGo, said the show failed to provide an accurate analysis of the technology behind bitcoin and the current use cases of the digital currencies. He highlighted four factual errors in the episode: That most bitcoin is spent on illegal services; Byzantine Generals’ Problem is about being able to transact privately; Satoshi invested blockchain; and, all cryptocurrencies use blockchains. -YAHOO       3. Women have become more interested in cryptocurrency investing. London Block Exchange, a cryptocurrency exchange based in the United Kingdom, said that about 13 percent of women would be interested in investing in digital coins. That number is up from 6 percent at the end of last year. The growing female interest came largely from millennials, with 20 percent of millennial women saying they were interested in cryptocurrency investing. -BITCOIN.COM       4. Residents of the Swiss city, Zug, will test voting over blockchain. Residents will use the city’s eID system to vote using their smartphones on a number of issues, including if they believe digital identifications should be used for paying parking fees and to borrowing library books. The results of the votes will not be binding since the polling is only a test. The city is trying to determine if blockchain technology can be used on a wider scale, including for elections. Zug is known as the “Crypto Valley” because of its numerous blockchain startups. -CCN       5. 1,600 investors collectively hold about one-third of the bitcoin in circulation. Known as Bitcoin Whales, the blockchain research company Chainalysis said each of these investors held more than 1,000 bitcoin each. “This concentration of wealth means that bitcoin is at risk of volatility as the moves of a small number of people will have a large price effect,” Chainalysis chief economist Phillip Gladwell said. -EXPRESS       6. An interview with the editor-in-chief of Shonen Crypto, a new comic book series about cryptocurrency. The series aims to educate readers on cryptocurrency while also being entertaining. –BITCOIN.COM 7. Japanese cryptocurrency exchange Bitbank will now let users loan their bitcoin for a fixed fee. The goal is to increase liquidity and attract users. While the program will start with just bitcoin it is scheduled to add ripple, either, litecoin, and bitcoin cash in the near future. -YAHOO 8. Binance CEO Zhao Chengpeng said bitcoin’s drop in price is something the market has seen before, and not to be worried. Chengpeng said in a tweet that this type of price volatility happens every year it’s “just the units on the left” are different. –NEWS BTC 9. Mastercard has applied for patents to use blockchain to help validate payments, along with a travel itinerary bidding system. The company wants to reduce credit card “skimming” – where a thief uses a counterfeit card reader to steal payment information – with the blockchain. -CRYPTOSLATE 10. The National League of Cities released a new report that explains how urban areas can use blockchain technology. The guide looks at a number of sectors, including transportation, healthcare, and alternative energy. –THE BLOCKCHAIN       From the Forums An engineer at Coinbase prefers Bitcoin Cash to Core. A user shares their experience with the Lightning Network. Sex workers have turned to cryptocurrencies.       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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