Monday, July 16, 2018

BlackRock Confusion / Coinbase / Baseball Collectibles / Olaf Carlson-Wee

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

$BTC (1:06 p.m. EST): $6,633.31 (3.86%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (1:06 p.m. EST): $784.01 (8.12%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (1:06 p.m. EST): $474.18 (5.05%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (1:07 p.m. EST): $83.37 (6.40%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (1:07 p.m. EST): $0.46 (3.96%) // 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. BlackRock CEO Larry Fink denied reports that his company would begin trading cryptocurrency. The Financial News reported early Monday that BlackRock, the world’s largest ETF provider, planned to set up a bitcoin-related fund. Fink, though, went on Bloomberg this morning to contradict the report. “I don’t believe any client has sought out crypto exposure…I’ve not heard from one client who says, ‘I need to be in this,’” Fink said. -ETHEREUM WORLD NEWS

BlackRock CEO denies ETF trade rumors
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2. Coinbase may add five new cryptocurrencies to its platform. The exchange announced last week that it will explore adding cardano, basic attention token, stellar lumens, zCash, and 0x. Coinbase’s leadership announced the new currencies to employees and public at the same time. The platform has come under scrutiny in the past of adding support for tokens without much notice, leading to speculation of insider price manipulation. -BITCOINIST

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3. Major League Baseball has launched an ethereum-based collectible game. Working with blockchain dApp developer Lucid Sight, the game, MLB Crypto, allows players to buy digital collectibles with ether, play games, and earn an array of rewards, these collectibles could be sold over the blockchain. -CCN

Major League Baseball creates collectible game
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4. Poloniex has launched its first mobile application. Users can now trade cryptocurrency through the exchange platform's iOS and Android apps. There have been different Poloniex “support” applications released by third-party developers in the past, but this will be the first official Poloniex-sanctioned app. Users will be able to trade coins, view real-time ticker updates, view charts and create alerts for price changes, among other features. -BITCOINIST

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5. Olaf Carlson-Wee, the head of Polychain Capital, believes cryptocurrency companies have been able to recruit talent away from the tech giants. “What we’re seeing is an absolute exodus from many of these major tech giants like Facebook, Google, LinkedIn and Snapchat of really high quality talent who are now starting cryptocurrency startups,” Carlson-Wee said. His reasoning is simple: Cryptocurrency and blockchain-related projects offer both a technical challenge and the promise of financial rewards unlike any other sector right now. -blockchain-related projects offer both a technical challenge and the promise of financial rewards unlike any other sector right now. -FORTUNE

Tech giants losing talent to crypto firms
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6. The ethereum network faced heavy congestion over the weekend with gas prices increasing significantly. The backlog, some believe, came from a contract known as iFish that was sending token transactions, believed to be spam. The iFish smart contract also communicated with one curious address, which for months held vast amounts of EOS. -CRYPTOVEST

7. Quantum computers could be used to steal bitcoin. Bitcoin’s security is built upon a series of complex puzzles, currently too difficult for computers to solve quickly, but something that could one day change. –THE CONVERSATION

8. Check out TxStreet, a website that illustrates how cryptocurrencies work. The site translates real-time transaction data into South Park-like cartoons of passengers boarding a bus. -FORTUNE

9. A draft outlining the technical makeup of the Schnorr upgrade was published. Schnorr, if implemented, could be the largest code change since SegWit. -COINDESK

10. Experts see many synergies between the cannabis industry and blockchain. These two could become closer paired in the future if officials in the United States legalize marijuana at the federal level. –CRYPTO DISRUPT

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From the Forums

To bitcoin or not to bitcoin

More r/bitcoin censorship talk.

Found during travel.

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