Price Drop / SEC Chair / Bitmain / Soccer

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (12:58 p.m. EST): $7,812.67 (-3.35%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More… $BCH (12:58 p.m. EST): $775.98 (-3.45%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (12:59 p.m. EST): $433.68 (-4.66%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (12:59 p.m. EST): $78.33 (-4.80%) // 90-day high: $251.03 // 90-day low: $73.12 // More… $XRP (12:59 p.m. EST): $0.44 (-2.10%) // 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 price of bitcoin dropped below $8,000 per coin Tuesday morning, its lowest price in a week. Despite the drop so far today bitcoin has still seen 22 percent growth this month. Other cryptocurrencies have taken a hit as well: All of the top 10 coins by market cap were down between 3 and 11 percent on the day. –COIN TELEGRAPH       Free White Paper: The Innovator's Guide to Picking the Right Blockchain The first step in any blockchain project is to figure out which blockchain technology you should use. Get this free 20-page white paper to learn which type of blockchain is right for your project and get an unbiased analysis of the pros and cons of top blockchain platforms and frameworks. ​​​​​​​ For an ad-free experience, upgrade to Inside Premium       2. US Securities and Exchange Commissioner (SEC) Hester Peirce has become a celebrity in the crypto community. Peirce recently dissented with the SEC's disapproval of a proposed rule change that would have allowed for the creation of a new ETF. The rule change was proposed by the Winklevoss Bitcoin Trust. Peirce not only disagreed with her fellow commissioners, but also said the SEC has failed to apply legislative standards properly, as they apply to bitcoin. -BITCOINIST       3. Bitmain had $1.1 billion in profits during the first quarter of this year. The company has revealed plans to hold an initial public offering in the near future. The profit numbers were not publicly released but came from a leaked email from a source close to the company. Bitmain recently raised $400 million in its latest funding round, valuing the company at approximately $14 billion. -FORTUNE       4. The Dubai International Financial Centre Court has teamed with Smart Dubai to create a blockchain system to aid verification of court judgments for cross-border enforcement. Dubbed as the world's first "Court of the Blockchain," the partnership is seen as the first step toward creating a blockchain-powered judicial system. The current effort aims to remove document duplications and drive other efficiencies across the legal ecosystem. –ARABIAN BUSINESS       5. Gibraltar United, a member of Gibraltar's Premier Division, will pay its players – at least in part – in cryptocurrency, the team's owner announced. It was not specified what type of cryptocurrency the players would receive. While it may seem odd, Gibraltar's government has been pro-cryptocurrency and blockchain, reducing regulations for companies to begin business there. -BITCOINIST       6. In a new survey, 88 percent of cryptocurrency exchange operators want industry regulation. The desire comes from a fear that the market may experience a major crash and a substantial devaluation of assets - worse than what has already happened in the first half of 2018. With that said, the exchange operators do not want overly restrictive regulations that could hurt innovation. -BITCOINIST 7. Bitcoin miners believe bitcoin will jump in the near future. The reasoning comes down to increased regulation around the world and a positive 50-day moving average. -FORBES 8. A bitcoin ETF still seems elusive. Market Watch looks at the three biggest hurdles still remaining. –MARKET WATCH 9. A new bitcoin mine has brought jobs to the small town of Rockdale, Texas. The mine will bring an estimated 300 to 500 jobs, much needed in a place that saw two large manufacturing plants close in the past decade. -KXAN 10. Check out this interview with Careca Akarue, CEO of Eurufly, a blockchain firm based in Nigeria. He discusses how he came to blockchain and how the technology can help transform Africa. –IRISH TECH NEWS       From the Forums Current state of the bull run. The ongoing bitcoin cash argument. Happy Independence Day.       Written and Curated by David Stegon. While David finds the crypto market fascinating, he is slightly more interested in baseball's trade deadline today. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

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