Bitcoin Bet / Square Cash / Stolen Ethereum / Robinhood Additions

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (3:07 p.m. EST): $6,260.06 (1.01%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More… $BCH (3:07 p.m. EST): $699.11 (2.58%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (3:07 p.m. EST): $437.09 (1.34%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (3:08 p.m. EST): $77.40 (0.98%) // 90-day high: $251.03 // 90-day low: $73.12 // More… $XRP (3:08 p.m. EST): $0.44 (1.02%) // 90-day high: $1.20 // 90-day low: $0.43 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. An anonymous gambler has bet $6.3 million that the price of bitcoin will exceed the stock price of Berkshire Hathaway by 2023. Tom Waterhouse, an Australian bookmaker, tweeted the wager earlier this week. The gambler has a long way to go. Bitcoin currently trades just above $6,000 per coin, while a share of Berkshire Hathaway goes for $287,100 per share. The bet is at least somewhat a dig at Warren Buffet, the Berkshire Hathaway founder who earlier this year called bitcoin “rat poison.” –MARKET WATCH       2. Square Cash is growing three times faster than Venmo. Square’s Cash app, which added cryptocurrency functionality in January, has continued to grow despite bitcoin’s drop in price. Square’s downloads have increased 150 percent in the last year. The company has seen a bump from bitcoin with CEO Jack Dorsey saying cryptocurrency payments brought in significant revenue last quarter. Even with the recent price drop in bitcoin, though, interest in Square Cash has remained strong as Venmo has followed a more organic growth pattern. -BITCOINIST       3. More than $10 million in ethereum has been stolen over the past year through social engineering tricks. Kaspersky Labs reports that scammers particularly look for single investors interested in ICOs. The scammers use fake websites and phishing emails containing an e-wallet number to fool their targets. Another trick is the fake giveaway, where victims are promised a high payout of cryptocurrency later for a small sum now. –COIN TELEGRAPH       4. The Robinhood stock-buying app has added support for bitcoin cash and litecoin. The app added cryptocurrency trading earlier this year. The platform already allows users to trade bitcoin and ethereum. Robinhood currently allows for cryptocurrency trading in a limited number of states, including California and Texas, while it navigates licensing requirements in other states. -FORTUNE       5. Abra has announced new paying options for cryptocurrencies. Abra will now allow customers to purchase coins with Visa and Mastercard on its platform thanks to a new partnership with Simplex, a fintech company. Users of Abra’s platform had to purchase cryptocurrencies before with either bank deposites or wire transfers. –BITCOIN MAGAZINE       6. Billionaire Steven Cohen has invested in Autonomous Partners, a hedge fund that focuses on cryptocurrencies. Autonomous Partners favor bitcoin and ethereum investments over other cryptocurrencies, including ripple. Cohen’s investment comes as cryptocurrency hedge funds have taken hard losses this year as the prices of cryptocurrencies have dropped significantly. -BITCOINIST       7. Bloomberg takes a deep look at the continuing fallout from the Mt. Gox scandal. The story describes the current status of the lost funds and when the victims may, if ever, get repaid. -BLOOMBERG 8. China’s relationship with bitcoin is … complicated. This article looks at how China has embraced blockchain but turned away from cryptocurrency. -PYMNTS 9. Here’s a deeper look at Oasis, the blockchain startup that has taken Silicon Valley by storm. The company combines software with trusted hardware to expand smart contracts. -TECHNOLOGY REVIEW 10. The number of physical attacks used to steal bitcoin has risen. The owners of cryptocurrencies are kidnapped or extorted for their coins. -CRYPTOSLATE       From the Forums Bitcoin wallets continue to grow. r/bitcoin censorship discussion. Vitalik Buterin’s questions for the crypto community.       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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