$40 Billion / Russian Military / EU Report / Bitcoin Dominance

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (2:45 p.m. EST): $6,606.08 (0.52%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More… $BCH (2:45 p.m. EST): $773.57 (0.59%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (2:46 p.m. EST): $468.44 (-0.13%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (2:46 p.m. EST): $86.70 (2.50%) // 90-day high: $251.03 // 90-day low: $73.12 // More… $XRP (2:46 p.m. EST): $0.49 (3.46%) // 90-day high: $1.20 // 90-day low: $0.43 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The cryptocurrency market added more than $40 billion in value over a 48-hour period. The rise came as bitcoin, ether, ripple, and bitcoin cash all jumped between 5 to 10 percent. The price increases have coincided with an increase in trading volume as well. This comes after bitcoin hit a yearly low just last week. Altcoins have played a big role in the increase as well. Cardano jumped 16 percent in one day, while EOS saw a 13 percent rise in value. -CCN       2. The Russian Ministry of Defense plans to launch a research lab that focuses on blockchain. The country’s military wants to use blockchain to mitigate cybersecurity attacks. The research lab will be housed within Russia’s military technology accelerator, referred to as the ERA. The military will bring together a team of information security specialists with the goal of building an intelligent system to detect and prevent cyber attacks on important databases. -COINDESK       3. A new report urges European Union members not to ban bitcoin. The report, provided by Policy Department A, comes at the request of the European Union Parliament’s Economic and Monetary Affairs Committee. The paper argues that virtual currencies have utility as a currency, and have a global following because of their decentralized and apolitical nature. “The economists who attempt to dismiss the justifications for and importance of [virtual currencies], considering them as the inventions of ‘quacks and cranks’, a new incarnation of monetary utopia or mania, fraud, or simply as a convenient instrument for money laundering, are mistaken,” the paper reads. -BITCOINIST       4. Bitcoin’s dominance over the cryptocurrency market increased last month. The coin accounts for 42 percent of the market’s total value, up from 35 percent in May. The price of altcoins tends to move in correlation with bitcoin. The issue is that when bitcoin, or even ether, lose value, the cryptocurrencies with smaller market caps plummet. When bitcoin, or ether, move up, small cryptocurrencies experience only modest gains. -CCN       5. The Swiss town of Zug recently completed a trial of blockchain-based voting. Citizens got to vote on their smartphone, using the town’s electronic identification system. Only a handful of citizens actually voted, but those who took part found it easy, city officials said. The city will now conduct a technical analysis of the trial before possibly implementing it in future elections or votes. -FORTUNE       6. The Government of Bermuda will add a new class of bank to render services to fintech and blockchain organizations. The government will make amendments to its current banking act to regulate banks that offer services to these types of companies. Banks on the island were concerned about potential risks of working with fintech and blockchain companies. Bermuda has largely taken a pro-blockchain stance, seeing it as a way to bring economic activity to the country. –COIN TELEGRAPH       7. Cardano CEO Charles Hoskinson was invited to talk about the future of cryptocurrencies at Google’s London headquarters last month. Hoskinson discussed how Cardano works, along with discussed the cryptocurrency’s algorithm, Ouroboros. –ETHEREUM WORLD NEWS 8. There is little evidence that bitcoin will one day hit zero. While that is a constant fear among investors – especially those new to crypto – that fear is largely unfounded. –COIN TELEGRAPH 9. This article looks at the five largest bitcoin mining farms in the world. While the names will not be a surprise to those in the bitcoin community it is still an interesting look at some of the world’s largest mining operations. –DIGITAL TRENDS 10. Another list: This one looking at the 50 largest public companies exploring blockchain. The list shows that, if anything, large companies see exploring blockchain as a competitive necessity. -FORBES       From the Forums Bitcoin cash exceeds 100,000 transactions per day. Thoughts about countries that ban bitcoin. Discussing the EU report on 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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