Tuesday, August 14, 2018

Ethereum Plunge / Roger Ver / Communist / Fantasy Football

Subscribe | View in browser

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

$BTC (1:35 p.m. EST): $6,094.53 (-2.95%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More

$BCH (1:35 p.m. EST): $486.85 (-10.80%) // 90-day high: $1,663.91// 90-day low: $486.85 // More

$ETH (1:35 p.m. EST): $259.88 (-11.74%) // 90-day high: $790.72 // 90-day low: $259.88 // More

$LTC (1:36 p.m. EST): $51.66 (-9.83%) // 90-day high: $162.87 // 90-day low: $51.66 // More

$XRP (1:36 p.m. EST): $0.26 (-9.48%) // 90-day high: $0.86 // 90-day low: $0.22 // More

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

Facebook gray   Twitter gray   Email gray   Permalink gray

1. Ethereum hit its lowest price in nine months as the cryptocurrency market struggled again early Tuesday. Ethereum fell below $300 while bitcoin briefly dipped below $6,000 per coin. Ethereum has lost approximately 30 percent of its value in the last month as altcoins, in general, have struggled to keep their price. Bitcoin cash dropped significantly as did XRP. –COIN TELEGRAPH

Ethereum hits lowest price in nine months
Facebook gray   Twitter gray   Email gray   Permalink gray

2. Bitcoin.com CEO Roger Ver hinted at a possible ICO. The mention comes after his site unveiled a new tool that allows developers to issue tokens on the bitcoin cash blockchain. Ver said in a video that the creation of the Wormhole Cash protocol, which allows for token creation on bitcoin cash, would create new opportunities for developers, including for his site. –COIN TELEGRAPH

Roger Ver may hold an ICO for Bitcoin.com
Facebook gray   Twitter gray   Email gray   Permalink gray

3. The Communist Party of China has released a primer on blockchain. The book will serve as a guide for Chinese government authorities to understand the concept of distributed ledger technology, along with how they can consider the benefits and challenges of adopting blockchain on a national scale. -COIN TELEGRAPH

Facebook gray   Twitter gray   Email gray   Permalink gray

4. Square will now allow customers in all 50 states to buy and sell bitcoins via its Cash App. The service launched earlier this year but was not available in New York, Georgia, Hawaii and Wyoming due to their more restrictive regulation regarding bitcoin transactions. Square recently received a "BitLicense" in New York, and had previously worked with regulators in Wyoming to get its service approved the state. The company did not say what conditions it had to meet to offer trading in Georgia and Hawaii. –COINDESK

Square to accept bitcoin in all 50 states
Facebook gray   Twitter gray   Email gray   Permalink gray

5. A fantasy football league will use blockchain in an effort to keep competitors honest, as they compete for prize money. Known as the Crown League, the competition will use blockchain to maintain the integrity of transactions, standing and payments. It is being started by Dan Nissanoff, a 52-year-old businessman who thinks the league could one day replace traditional fantasy league. -CNN

Fantasy football league to use blockchain
Facebook gray   Twitter gray   Email gray   Permalink gray

6. A team at Northwestern is testing a solution that could help bitcoin scale. The team, working in conjunction with BioXroute Labs, has created an infrastructure that compresses the information on the blockchain before sending a transaction, allowing it to move faster. By doing so, the group wants to more directly send transactions within the decentralized network, essentially increasing the block size to speed up transactions. –MARKET WATCH

7. The Winklevoss twins continue to plow ahead with the Gemini Exchange while working on a bitcoin ETF. The brothers believe Wall Street will one day accept bitcoin, it is just taking longer than expected. –NEWS BTC

8. Noted crypto researcher Nick Szabo said a bitcoin ETF may be more trouble than it is worth. Szabo believes an ETF would bring in new investors who would add to the volatility of the market. -BITCOINIST

9. The South Korean government will invest $4.4 billion in eight sectors, including blockchain. The money will be used to support companies creating innovative technologies that can hopefully grow and create jobs. –COIN TELEGRAPH

10. An analyst believes the Bakkt venture from Starbucks and Microsoft could make bitcoin more mainstream. Any project that brings the concept of cryptocurrencies as a payment vehicle will help overall growth, especially one of this size. -FORBES

Facebook gray   Twitter gray   Email gray   Permalink gray

From the Forums

Beware of Etherescanner.app.

A message from Charlie Lee.

About bitcoin dipping below $6K.

Facebook gray   Twitter gray   Email gray   Permalink gray

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).

Facebook gray   Twitter gray   Email gray   Permalink gray
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.