Friday, July 6, 2018

Facebook / Malta / Blockchain Movie / Iceland

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

$BTC (2:09 p.m. EST): $6,697.38 (0.95%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (2:10 p.m. EST): $733.44 (-0.72%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

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$LTC (2:11 p.m. EST): $83.55 (-0.49%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (2:11 p.m. EST): $0.47 (-0.62%) // 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. Evan Cheng, who previously led programming languages and runtimes at Facebook, has taken a leadership role among the company’s blockchain effort. Facebook set up a blockchain group as part of an executive reshuffle last May. David Marcus, the former head of Facebook Messenger and a board member at Coinbase, is leading the effort. Cheng has taken the position of Director of Engineering, Blockchain. Beyond Cheng, it has been reported that Kevin Weil has taken the position of Facebook’s Vice President of Product, Blockchain. -PYMNTS

Facebook adds new exec to blockchain team
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2. Malta has become the first country to provide an official set of regulations for blockchain operators. The country passed three bills earlier this week that establish regulations for blockchain, cryptocurrency and distributed ledger technology. The regulations are aimed at making Malta one of the most desirable locations in the world to set up a blockchain-based company. -blockchain-based company. -FORBES

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Malta passes new bitcoin regulations
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3. An Indian politician has accused his rivals of taking part in a “mega bitcoin scam.” Shaktisinh Gohil, a senior member of the Indian National Congress, alleges that members of the majority Bharatiya Janata Party were complicit in a multi-layered scam to launder more than $723 million through bitcoin. Gohil has demanded that the country’s Supreme Court launch an official investigation into the matter. –COIN TELEGRAPH

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4. No Postage Necessary claims to be the first movie released using blockchain. The independent film will be available for purchase and viewing on the Vevue app, which runs on the blockchain platform Qtum . The movie will be released in a handful of threaters where movie goers can purchase tickets with traditional money if they choose. The movie has a tie to the cryptocurrency community as well; the plot revolves around a bitcoin thief who gives up his criminal ways when he finds love. –NEW YORK POST

How to see the first blockchain movie
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5. Icelandic leaders appear poised to crack down on bitcoin mining. Iceland has become a haven for miners, who take advantage of the country’s abundance of clean energy and naturally low temperatures. However, with the drop in the price of bitcoin, the mining process has become less profitable and is consuming a massive amount of energy – more than all of Iceland’s homes combined. Politicians see the bitcoin mining-craze coming to an end and are already developing ideas how to fill the massive mining data centers once they become empty. –CRYPTO SLATE

Iceland looking at future after bitcoin
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6. The Swiss stock exchange plans to open a cryptocurrency exchange. Swiss stock exchange operator SIX will build a “fully integrated trading, settlement and custody infrastructure for digital assets” in order to allow users to trade established cryptocurrencies, like bitcoin. It will also allow users to purchase tokens in ICOs. SIX hopes to go live with this new exchange in the first half of 2019, regulatory permission pending. -FORTUNE

7. A New York Post columnist said earlier this week bitcoin will soon disappear. The bitcoin community has been quick to debunk this theory. –THE NEXT WEB

8. Coinbase posted an explainer on PoWx, the enhanced proof-of-work algorithm. PoWx hopes to make the mining process easier and more accessible to the larger population. -COINDESK

9. An analyst believes the Lightning Network could play havoc with bitcoin’s price. The protocol could lead to reduced mining fees, which would allow for more micro transactions on the mainnet. -FORBES

10. Bitcoin’s recent price surge could be short lived. A financial analyst believes bitcoin’s low volume will signal a price tumble in the near future. –CRYPTO DAILY

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From the Forums

Want ATH now!

Discussing blockchain in Australia.

Bitcoin cash sticker wars.

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