Wednesday, August 1, 2018

Prague / Winklevoss Book / Binance Acquisition / ETFs

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

$BTC (2:11 p.m. EST): $7,575.14 (-2.62%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (2:11 p.m. EST): $754.83 (-2.52%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (2:12 p.m. EST): $419.83 (-3.36%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (2:12 p.m. EST): $77.30 (-1.60%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (2:12 p.m. EST): $0.44 (2.36%) // 90-day high: $1.20 // 90-day low: $0.43 // More

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

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1. Prague was named the top city for cryptocurrency in the world. The city had 147 listed business that accept cryptocurrency as payment. Buenos Aires was second, followed by San Francisco, Madrid, and Spain. The listing included only businesses within the city limits, not the suburbs. Amsterdam, Bogota, Vancouver, London, and Paris rounded out the top 10. -FORBES

Prague named top city for spending crypto
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2. Author Ben Mezrich, who wrote the book that inspired "The Social Network," has written a book about the Winklevoss' twins efforts in bitcoin. The book will be available next spring. It covers how the brothers used their payout from a lawsuit against Facebook to start their own bitcoin investment firm. The book also details how the brothers started buying bitcoin when it cost just $6 and how they now own approximately 1 percent of all coins in circulation. -BITCOINIST

Author writing book about Winklevoss twins
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3. Binance has acquired Trust Wallet, a mobile ethereum wallet provider. The acquisition will allow Binance to add more mobile wallets to its service, while Trust Wallet will be able to add additional customers to its base. The Trust Wallet team will continue to operate independently of Binance. -COINDESK

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4. Ali Hassan, CEO of Crescent Crypto and a former Goldman Sachs executive, believes the Securities and Exchange Commission (SEC) could approve a bitcoin ETF in the next 18 months. Hassan acknowledged the SEC's trepidation with approving a bitcoin ETF, but believes that by adding passive investments to reduce some of the market volatility will increase the participation in the bitcoin market, adding stability. -CCN

CEO sees bitcoin ETF in the next 18 months
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5. The Australian government has invested $1.7 million in a project that uses blockchain to track sugar supplies. Called the Sustainable Sugar Project, the program will allow buyers to see where sugarcane comes from and prove the provenance and sustainability of the farm. It will help ensure that customers who want to buy sustainable local products can do so with confidence. –COIN TELEGRAPH

Australian government invests in blockchain
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6. Bitcoin officially posted gains in July, snapping its longest losing streak in two years. The coin jumped 20 percent in July after suffering back-to-back losing months. It was actually the first instance of back-to-back losses since August 2016. The question now becomes whether bitcoin will continue this momentum, especially after suffering losses in the final days of the month. -COINDESK

7. Bitcoin cash celebrated its first birthday on Tuesday. The cryptocurrency has seen a lot of activity in its first year, including a flood of decentralized applications. -COINDESK

8. Nobel Prize-winning economist Paul Krugman argues that bitcoin could one day see a full collapse. He argues that cryptocurrencies are not solving and problems in the current monetary system. –MARKET WATCH

9. SBI Holdings is set to launch a cryptocurrency derivatives market. SBI recently purchased a 12 percent stake in Clear Market, an electronic trading company, to help stand up the marketplace. -BITCOINIST

10. Andrew Yang, a Democrat who hopes to contend for the party's 2020 U.S. Presidential nomination, said his campaign will accept bitcoin. Yang has taken a pro-technology approach to his campaign, allowing donors to contribute in non-traditional ways. -BITCOINIST

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From the Forums

The bitcoin rollercoaster continues.

Why one user picked bitcoin cash over bitcoin.

Some info about Electron Cash.

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Written and curated by David Stegon. David just finished watching "Killing Eve" and needs a new show to watch. Send recommendations. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

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