Coinbase CEO / Playboy / Extinction / High Times

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (12:13 p.m. EST): $6,465.66 (6.61%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More… $BCH (12:13 p.m. EST): $527.15 (8.51%) // 90-day high: $1,663.91// 90-day low: $599.46 // More… $ETH (12:13 p.m. EST): $295.77 (14.53%) // 90-day high: $790.72 // 90-day low: $290.75 // More… $LTC (12:14 p.m. EST): $57.60 (11.45%) // 90-day high: $162.87 // 90-day low: $56.78 // More… $XRP (12:14 p.m. EST): $0.29 (13.23%) // 90-day high: $0.86 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Coinbase CEO Brian Armstrong estimated that only 10 percent of cryptocurrencies are used for purchases. "I think it will be quite some time before you cross the street to Starbucks in the U.S. and pay with crypto," Armstrong said. Because of this, Armstrong said, the price will continue to go through a series of bubbles and corrections, each time hitting a new plateau that changes people's perceptions. -FORBES       Cryptocurrency trading made human: One platform. All your exchange accounts. Sign up Free for early access Quadency is a unified crypto asset trading platform for both active traders and long term investors. Manage your holdings across exchanges and say goodbye to missed opportunities with a holistic, real-time portfolio dashboard AND advanced trading features built right in. For an ad-free experience, upgrade to Inside Premium       2. Playboy has filed a lawsuit against a cryptocurrency company. Playboy Enterprises claims that Global Blockchain Technologies, alleging that the company failed to create a digital currency wallet for payments and overstated its technological expertise. Global Blockchain dismissed the lawsuit as nothing more than a "normal dispute." -BITCOINIST       3. Xapo President Ted Rodgers believes an "extinction-level event" will wipe out more than 90 percent of cryptocurrencies. Rodgers' comments come as many altcoins have suffered major losses in the past week, including ethereum, bitcoin cash and litecoin. Rodgers, who's company offers a cryptocurrency wallet, did not say what would cause the extinction. Instead, he said the drop in crypto prices means it is just easier to buy more bitcoin. -CCN       4. High Times will not accept bitcoin in its initial public offering. The decision, announced on Monday, contradicts a statement from the company earlier this month. High Times Holding Corp. originally promised to accept cryptocurrencies in order to attract more investors. High Times said the original announcement, which came via a press release, was distributed in error. –COIN TELEGRAPH       5. Ripple VP Jeremy Light said China is "definitely a target" for the company. Earlier this year, Ripple struck a deal with LianLian International, a Hong Kong-based financial services firm to better conduct transactions between China and other parts of the world. Ripple also has deals with more than a 100 companies across the globe, but sees China, and the rest of southeast Asia, as a "region of interest" for further growth. -CNBC       6. A pair of former Fidelity Investments executives have started a crypto-based venture fund. Called Castle Island Ventures, the firm has already raised $30 million in capital. Castle Island will back early-stage startups developing products and services to spur increased adoption of blockchain technologies. The firm, though, has no interest in investing in token sales, however. -XCONOMY 7. Check out this collection of 23 fascinating quotes about bitcoin. Here's one from Stephen Colbert: "It's gold for nerds." -FORBES 8. Former PayPal CEO Bill Harris said there is no value in bitcoin. Harris said his concerns about bitcoin include its slow transaction time, scaling challenges, and volatility. -CNBC 9. A good read on Taproot, a privacy solution for bitcoin. While Taproot offers a world of potential it comes with a problem: It relies on technology that doesn't exist yet. -COINDESK 10. Here are some explanations for bitcoin's price drop. It can be difficult to pinpoint one reason, but there has been a confluence of events that contributed to the coin's recent price struggle. -QUARTZ       From the Forums Some more bitcoin cash vending machines. Thoughts on Brian Armstrong's comments. How Reddit changed thoughts on bitcoin.       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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