Tuesday, July 10, 2018

Bancor Hack / Sergey Brin / Elon Musk / Coinbase App

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

$BTC (1:47 p.m. EST): $6,389.76 (-5.98%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (1:47 p.m. EST): $969.87 (-6.43%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (1:47 p.m. EST): $437.34 (-9.31%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (1:48 p.m. EST): $76.08 (-7.10%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (1:48 p.m. EST): $0.44 (-5.54%) // 90-day high: $1.20 // 90-day low: $0.43 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Cryptocurrency exchange Bancor was hacked, losing $23.5 million in cryptocurrency. The exchange said no user wallets were compromised. The hack come from a hot wallet used to update smart contracts on its exchange. The exchange has halted trading and froze $10 million of its own coin, BNT. Most notably, $12.5 million in ethereum were among the tokens taken. -CRYPTOSLATE

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2. Google co-founder Sergey Brin is mining ethereum with his son. Brin did not say the extent he and his son are mining the cryptocurrency, but regardless it is being seen as a win for the cryptocurrency community. Brin is the latest high-profile figure to express enthusiasm for digital coins. Brin has previously mentioned that he is fascinated with the potential of zero-knowledge proofs where only the transaction value is revealed. This is currently the technology behind Zcash. -CNET

Sergey Brin mines ethereum
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3. The first eSports game is now on the blockchain. James and Robbie Ferguson, video game developers from Australia, have put the game Gods Unchained on the blockchain. Tying the game to the blockchain will give players true ownership over their in-game purchases, allowing them to be traded and hold real-world value. -AFR

eSports game put on the blockchain
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4. Elon Musk praised the ethereum scambots in a tweet Sunday afternoon, saying they had “mad skillz.” The tweet was the first time Musk has mentioned ethereum. While the tweet was not critical of the bots that many see as ruining cryptocurrencies on Twitter (they promise to give away digital coins in fake contests), co-founder Vitalik Buterin tweeted he wished Mush instead mentioned ethereum’s growth. “I do wish @elonmusk's first tweet about ethereum was about the tech rather than the twitter scambots........@jack help us please? Or someone from the ETH community make a layer 2 scam filtering solution, please?,” Buterin wrote. –THE NEXT WEB

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5. Bitcoin’s decline in price has dragged down the ranking of Coinbase’s app. Coinbase was the most downloaded financial app in the United States in December, coinciding with bitcoin’s price hitting a record high. The app now ranks 40th in those same rankings, as public interest has dropped alongside the price of bitcoin. -QUARTZ

Coinbase app drops in popularity
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6. Nobel prize winning economist Joseph Stiglitz continued his criticism of bitcoin and cryptocurrencies. Stiglitz said that bitcoin as a means of payment is based too much on secrecy, which will in turn allow for nefarious activity “and no government can allow that.” He said as bitcoin and others grow in size, they will reach a point where governments have no choice but to regulate. “Once [bitcoin] becomes significant they will use the hammer,” Stiglitz said. -CNBC

7. Divergence Analysis Inc’s Buying and Selling Pressure Indicator may be signaling a bitcoin price increase. The indicator suggests a selling trend that began May 14 could soon come to an end. -BLOOMBERG

8. A student journalist at Northeastern University attempted to live off bitcoin for a day. She videos her experience, along with providing some definitions of popular cryptocurrency terminology. –NORTHEASTERN.EDU

9. Blockchain could improve the real estate process in suburban Chicago. This article takes a deep look at blockchain and what it could mean for areas like Cook County, Illinois. –CHICAGO TRIBUNE

10. Bitcoin graffiti has become a thing. Artists are taking to the streets to use graffiti to highlight the revolutionary aspects of bitcoin with art. –BITCOIN.COM

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From the Forums

Angur launches.

Matching donations to Coins for Clothes.

A tokenization proposal.

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