ETF Rejection / Bitcoin Holds / Kryptovault / Blackmail

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (1:44 p.m. EST): $6,484.56 (0.36%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More… $BCH (1:44 p.m. EST): $528.48 (0.22%) // 90-day high: $1,663.91// 90-day low: $513.11 // More… $ETH (1:45 p.m. EST): $278.82 (0.73%) // 90-day high: $790.72 // 90-day low: $242.75 // More… $LTC (1:45 p.m. EST): $56.39 (1.96%) // 90-day high: $162.87 // 90-day low: $52.78 // More… $XRP (1:45 p.m. EST): $0.32 (-0.48%) // 90-day high: $0.86 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The US Securities and Exchange Commission (SEC) has rejected nine bitcoin-related ETFs. The SEC rejected two ETF proposals from a joint proposal from ProShares and the New York Stock Exchange ETF exchange, NYSE Arca. The SEC also rejected five ETFs submitted by Direxions, and two proposals from GraniteShares. In its rejection, the SEC stated the proposals failed to meet the agency's rules to prevent "fraudulent and manipulative acts and practices." –COIN TELEGRAPH       Lucyd Launches First Eyewear Store that Accepts Crypto Can your glasses take calls, play music, and catch a ride? Lucyd Loud can and it starts at just $99! Lucyd Loud is the first Bluetooth "soundglass" that you can order in your prescription. We even take Bitcoin & Ether! Get 500 free LCD tokens with your first purchase. Click here to learn more For an ad-free experience, upgrade to Inside Premium       2. Bitcoin prices held firm Thursday despite the SEC's rejection of nine ETFs. The rejection was not a large surprise for investors as they were based on future contracts or the spot bitcoin price. Instead, the industry will wait for the SEC to make decisions on proposals from Bitwise Asset Management, and the VanEck and SolidX joint proposal. Those decisions are due on or before September 30. –MARKET WATCH       3. A Norwegian cryptocurrency mine may be closed by local authorities. Residents of Honefoss, 14,000-person town northwest of Oslo have complained that Kryptovault's 9,500 mining rigs generate to much noise. As a result, government leaders have threatened to shut down the operation unless it can reduce its current noise-pollution levels from the current 60 decibels to under 45 decibels. The potential closure comes a little more than a week after Kryptovault received a bomb threat. -CCN       4. The US Federal Trade Commission's Division of Consumer and Business Education issued a warning of a potential bitcoin blackmail scam. The FTC said scammers have sent letters to men, demanding bitcoin payments in exchange for keeping quiet about alleged affairs. The scammers also explain how to make a payment using bitcoin. Cybersecurity firm Kaspersky Labs recently published a report according to which cybercriminals stole over $2.3 million via crypto scams last quarter. –COIN TELEGRAPH       5. Ethereum tokens are on track to see all-time low prices against both bitcoin and the US dollar. While the price of bitcoin has fallen more than 70 percent this year, ethereum tokens have fallen much more. Some ethereum tokens have fallen more than 200 percent against bitcoin. This comes as some tokens see their price take large falls following a bitcoin price drop, but do not see the same gains. –NEWS BTC       6. DPW Holdings, a California-based bitcoin mining company, plans to use a New York-based dam to power its mining facility. The company plans to build a mining facility attached to the dam in Valatie Falls later this year. DPW's farm will meanwhile employ its own mining hardware, the AntEater, which it developed in conjunction with Samsung in January. –COIN TELEGRAPH       7. It turns out that banks consume more energy than bitcoin. A new study argues that if bitcoin technology were to mature by more than 100 times its current market size, it would still only equal two percent of all energy consumption. -BITCOINIST 8. A California teenager allegedly swapped out SIM cards in an effort to steal bitcoin. The teenager used the cards to steal $1 million in bitcoin, which he used to buy luxury cars. -VICE 9. Here is an explainer on blockchain's scaling problem. The page highlights the problem along with possible solutions. –COIN TELEGRAPH 10. The World Bank plans to settle a $73 million blockchain bond next week. The bond is designed to improve the efficiency of automated financing for countries with extreme poverty. -CCN       From the Forums Tron is in trouble. Talking about the SEC's decision. A new member of the BCH gang.       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).

Copyright © 2018 Inside.com, All rights reserved. Our mailing address is: Inside.com 767 Bryant St. #203 San Francisco, CA 94107 Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.