Tuesday, August 28, 2018

Bitcoin Passes $7K / DNA / Cryptocurrency Curriculum / Alexis Ohanian

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

$BTC (12:51 p.m. EST): $7,036.90 (4.12%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More

$BCH (12:52 p.m. EST): $549.17 (3.43%) // 90-day high: $1,663.91// 90-day low: $513.11 // More

$ETH (12:52 p.m. EST): $288.33 (1.68%) // 90-day high: $790.72 // 90-day low: $242.75 // More

$LTC (12:53 p.m. EST): $61.24 (6.14%) // 90-day high: $162.87 // 90-day low: $52.78 // More

$XRP (12:53 p.m. EST): $0.34 (2.20%) // 90-day high: $0.86 // 90-day low: $0.22 // More

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

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1. The price of bitcoin surpassed $7,000 per coin on Tuesday. This is the highest the coin has traded at since August 7. The digital coin's recent gain curiously comes on the back of multiple rejections of bitcoin-backed ETFs from the US Securities and Exchange Commission. Bitcoin's rise has coincided with a rally from altcoins as well. Tether was the only coin among the top 20 by market capitalization to lose value on Monday. –COIN TELEGRAPH

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2. A startup named Carverr promises to hide cryptocurrency passwords inside a micro tube of DNA. The company said it has created a unique – and albeit, extreme – way to protect cryptocurrency investments. The company will hide the keys to cryptocurrency accounts in synthetic DNA, a procedure that has been used to secure other pieces of precious information. The idea is that DNA will never become obsolete, making it a secure way to ensure security. The company said 28 customers have paid the $1,000 fee to have this done. -CNET

Company to secure crypto passwords in DNA
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3. 84 percent of businesses are "actively involved" with blockchain, a new survey from PricewaterhouseCoopers reveals. The survey was made up of 600 business executives with technology expendabilities from companies around the world. The executives mentioned blockchain's ability to provide transparency as a key benefit. However, exploration was built primarily on the fear of falling behind competitors who were also looking into how the technology could provide long-term benefits. -CNBC

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4. Blockchain courses have become more popular at some of the world's top universities. Cornell University offers 28 separate courses related to blockchain. Overall, a report from Coinbase Research found 172 courses listed at 50 universities somehow related to blockchain, cryptocurrency, or smart contracts. -FORTUNE

More universities offering blockchain courses
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5. Reddit co-founder Alexis Ohanian spoke optimistically about bitcoin. In a new interview, Ohanian said he believes bitcoin has the potential to be used as a store of value especially in countries were fiat currencies are being devalued. Ohanian, an investor in Coinbase, said the instability of fiat currencies in countries like Venezuela and Turkey will further pave the way for cryptocurrencies such as dash and bitcoin. –BITCOIN MAGAZINE

Reddit co-founder remains optimistic about bitcoin
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6. Bitcoin has surpassed the gold market in settlement market volumes. According to statistics from the London bullion market, the global gold over-the-counter market is on track to settle $446 billion in 2018. By contract, the global cryptocurrency market has already processed $848 billion this year and is on track to surpassed $1.38 trillion by the end of the year. -CCN

7. Paul Vigna, The Wall Street Journal's cryptocurrency reporter, said the US Securities and Exchange Commission had valid concerns to reject bitcoin-back ETFs. In an interview with CNBC, he said there is not enough transparency into how exchanges work. –ETHEREUM WORLD NEWS

8. Litecoin founder Charlie Lee outlines what he sees for bitcoin. The talk comes following a severe price dip over the previous two weeks. -CNBC

9. An analyst wonders if Amazon is finally getting serious about blockchain. While the company has explored blockchain, there has yet been any public announcements. –INVESTOPEDIA

10. Blockchain has begun to bring transparency to beef. While some may want to know with certainty where their meat comes from, there is a question if they will pay for that knowledge. –BEEF MAGAZINE

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From the Forums

Cheers!

An explainer from the GET protocol.

Another game built on the ethereum blockchain.

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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