Wednesday, June 13, 2018

Price Manipulation / Ethereum Classic / Price Drop / Coinbase

Subscribe | View in browser

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

$BTC (1:57 p.m. EST): $6,333.92 (-6.16%) // 90-day high: $11,849.50 // 90-day low: $6,247.06/ / More

$BCH (1:57 p.m. EST): $830.68 (-8.10%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (1:58 p.m. EST): $472.19 (-8.94%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (1:58 p.m. EST): $93.45 (-10.79%) // 90-day high: $251.03 // 90-day low: $93.45 // More

$XRP (1:58 p.m. EST): $0.52 (-8.65%) // 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. Bitcoin’s price was artificially inflated last year, according to new research. A paper from John Griffin, a finance professor at the University of Texas, claims that price manipulation may have accounted for at least half of the increase in the price of bitcoin and other major cryptocurrencies last year. Griffin looked at the flow of digital coins at Bitfinex, one of the largest and least regulated exchanges in the industry. He identified several patterns that he believes someone or some people at the exchange worked to push up prices. –THE NEW YORK TIMES

Facebook gray   Twitter gray   Email gray   Permalink gray

2. The price of ethereum classic jumped 22 percent on Tuesday. The increase coincided with the announcement that Coinbase would begin to offer the token to customers within the next few months. Coinbase said engineering work to support the cryptocurrency will soon begin, and customers can expect to see public-facing software applications and other signals that the digital coin will be joining the exchange. -BLOOMBERG

Ethereum Classic jumps amid Coinbase report
Facebook gray   Twitter gray   Email gray   Permalink gray

3. The price of bitcoin continued to tumble, hitting its lowest level since February. The price fell $6,200 on some exchanges, bringing the slide this year to more than 50 percent. “I don’t think this is driven on any particular news, just the general downtrend after the 2017 run,” said Kyle Samani, managing partner at Austin, Texas-based crypto hedge fund Multicoin Capital. “A lot of people who bought at $9,000 in April are realizing that they’re not going to break even anytime soon, and are instead trying to get out.” Bitcoin was not alone as ethereum slipped below $500 per coin for the first time in months. -BLOOMBERG

Facebook gray   Twitter gray   Email gray   Permalink gray

4. The Korea Federation of Banks will launch a blockchain-powered customer identification program in July. Called BankSign, the system is intended to replace a 20-year old public verification system that is notorious for its complexity and inefficiency. The BankSign platform is based on Nexledger, a private enterprise transaction management tool from Samsung. –COIN TELEGRAPH

Facebook gray   Twitter gray   Email gray   Permalink gray

5. Coinbase will now offer deep-pocketed investors a new way to invest cryptocurrencies. The exchange launched the Coinbase Index Fund, which offers exposure to every asset the company lists. Investors can buy into the fund for between $250,000 and $20 million. The fund is aimed at institutional investors and those with a lot of money to invest. The cryptocurrencies in the fund are weighted by market capitalization to ensure effective diversification of assets. -BITCOINIST

Coinbase to offer investment fund
Facebook gray   Twitter gray   Email gray   Permalink gray

6. This is a weird one: An artist in New York turned himself into a digital currency. He stamped blockchain tokens in his own blood as part of a conceptual art project. –THE INDEPENDENT

7. Ripple CEO Brad Garlinghouse remained in the public spotlight with another interview this week filled with strong statements. The most interesting: China controls bitcoin. –THE STREET

8. The Wall Street Journal gives an inside look into the launch of EOS. The project raised $4 billion from investors on the promise of a transformative blockchain project but infighting among developers has stopped EOS from living up to the hype – at least for now. –THE WALL STREET JOURNAL

9. Noted investor and bitcoin bull Tim Draper believes the coin will hit $250,000 by 2022. Draper’s comments came amid a sprawling interview that touched on crypto regulation, blockchain, and online security. –NEWS BTC

10. The #PayWithLitecoin movement continues to gain steam. While the price of litecoin has struggled in recent months, the coin has gained more businesses that will accept it as payment for goods and services. -COINFRENZY

Facebook gray   Twitter gray   Email gray   Permalink gray

From the Forums

Be patient, and remember that transformative change takes time.

Roger Ver is not happy with Reddit.

Woz talks litecoin.

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.