Square / $0.01 / Russia / Metronome

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (1:27 p.m. EST): $6,781.14 (3.64%) // 90-day high: $11,849.50 // 90-day low: $6,247.06/ / More… $BCH (1:27 p.m. EST): $891.26 (4.46%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (1:28 p.m. EST): $521.44 (4.36%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (1:29 p.m. EST): $98.86 (2.42%) // 90-day high: $251.03 // 90-day low: $93.45 // More… $XRP (1:29 p.m. EST): $0.54 (2.89%) // 90-day high: $1.20 // 90-day low: $0.47 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Square has received a “bitlicense” from New York State. The license allows the company to facilitate buying and selling of bitcoin through its Cash app. Square is the ninth company to receive a “bitlicense” from the state. Square continues to push forward in the cryptocurrency space. The company said it made a $200,000 profit from bitcoin in the first quarter of the year, the first quarter it began allowing users to pay for products with the digital coin. –BUSINESS INSIDER       Buy and sell cool domain names BrandBucket is ecommerce for business naming, featuring thousands of names curated by branding experts. Connecting people who have great domain names with people who need them, BrandBucket brings trust and transparency to domain name transactions. For an ad-free experience, upgrade to Inside Premium       2. A $0.01 difference in electricity prices may be the reason several bitcoin mining operations have chosen Washington State over Oregon. Washington has become a haven for mining operations, thanks to cool temperatures, relaxed governments, and low energy costs. The wave, though, has largely passed Oregon. While the state’s electricity costs are lower than the national average they cannot beat Washington’s best price – missing by just 1 cent per kilowatt hour. –OREGON LIVE       3. Two of Russia’s largest banks will pilot cryptocurrency portfolios. Sherbank and Alfa Bank, under the watch of the Bank of Russia, will allow clients to purchase shares in a special fund that will trade the six most popular cryptocurrencies on major exchanges. The coins currently include bitcoin, bitcoin cash, and ethereum, and will be reevaluated four times each year. Their proportions inside the fund will be balanced with a trading algorithm. -COINDESK       4. Jeff Garzik, one of the first bitcoin developers, has formally launched his own altcoin, Metronome. The coin was first announced last October. Metronome’s prime selling point is that tokens can be exported and imported across a variety of different blockchains without altering the coin’s total supply. It does this with an intricate system of smart contracts. As a result, this feature will allow Metronome to last for “generations,” even if the individual blockchain networks fade into obscurity. -CCN       5. Switzerland’s Bank for International Settlements believes processing all payments in bitcoin “could bring the internet to a halt.” The report aimed to look into bitcoin, separating fact from hype. The bank came away largely unimpressed, saying that bitcoin will never replace the dollar or other traditional currencies as everyday money. The biggest issue, it said, was the processing power needed to complete transactions, something the internet in its current state is not able to handle. -CNN       6. A group of former Denver Post reporters and editors plan to launch a new publication powered by blockchain. The group left The Denver Post to create a new local state online newspaper, The Colorado Sun, after newsroom layoffs and deteriorating morale following a change in the newspaper’s ownership. The new venture will use blockchain technology from ConsenSys-backed blockchain startup Civil Media Company to store data. There is currently a Kickstarter campaign for the fledgling outlet, which hopes to raise $75,000 over the next month. –COIN TELEGRAPH       7. Check out this interview with DIAMCO COO Anton Trantin. His company is working to tokenize diamonds. -IRISH TECH NEWS 8. Phillip Nunn, CEO of The Blackmore Group, still believes bitcoin will reach $60,000 per coin this year. His reasoning is fairly straightforward: As blockchain continues to take off so will bitcoin. -BITCOINIST 9. Silk Road (How to Buy Drugs Online), the first cryptocurrency-funded play, will be coming to Trafalgar Studios later this year. The play, written in 2014, follows a young technology expert who explores the Dark Web while trying to find his way in the regular world. –THE STANDARD 10. Developers are asking the wrong questions when it comes to scaling, one crypto analyst argues. He believes the focus should be on creating a decentralized currency, opposed to focusing just on scaling. That will lead to larger adoption. And to make his point, the author uses Star Wars gifs. -CCN       From the Forums Looking at the correlation of r/bitcoin comments and daily BTC price. More mod anger on Reddit. Ethereum keeps gaining developers.       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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