Tuesday, August 21, 2018

SEC Decision / EOS / Bitcoin Cash / eToro

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

$BTC (1:24 p.m. EST): $6,454.02 (-0.42%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More

$BCH (1:24 p.m. EST): $526.66 (-3.71%) // 90-day high: $1,663.91// 90-day low: $513.11 // More

$ETH (1:25 p.m. EST): $277.18 (-4.69%) // 90-day high: $790.72 // 90-day low: $242.75 // More

$LTC (1:25 p.m. EST): $55.33 (-2.56%) // 90-day high: $162.87 // 90-day low: $52.78 // More

$XRP (1:25 p.m. EST): $0.33 (-1.81%) // 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 US Securities and Exchange Commission (SEC) is nearing a decision on a pair of bitcoin-related ETFs. The agency has a Thursday deadline to approve or disapprove the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. Unlike Cboe's VanEck bitcoin ETF, which the SEC delayed a decision on earlier this month, this proposed rule change cannot be delayed any further under the regulator's rules. Both of these proposals are underpinned by bitcoin futures contracts, rather than any physical holdings of bitcoin. -COINDESK

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2. China once again named EOS the top blockchain network in its monthly ratings. The China Electronic Information Industry Development Research Institute and China Software Testing Center saw EOS as the clear top choice based on its scoring system. Ethereum was second, followed by Komodo, Nebulas, and NEO. Bitcoin came in tenth. -CCN

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3. The majority of bitcoin cash continues to be held by a select few. Only 67 wallets control about 56 percent of bitcoin cash not located on exchanges. Of those wallets, two hold between 10,000 and 100,000 tokens each. This consolidation comes as the price of bitcoin cash has drop significantly in the past six months. -BITCOINIST

Handful of investors hold majority of bitcoin cash
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4. The energy needed to mine cryptocurrency could drive innovation, a researcher believes. Dr. Katrina Kelly-Pitou, an electrical and computer engineering research associate at the University of Pittsburgh, wrote that the environmental conservation slant against bitcoin is used to spread false claims. Her article states that bitcoin's energy use has been oversimplified and is used as an excuse by critics to not further explore the potential of cryptocurrency. –ETHEREUM WORLD NEWS

Energy needed to mine bitcoin overblown
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5. eToro, a United Kingdom-based cryptocurrency exchange, has signed an advertising deal with seven Premier League teams. More than that, the exchange paid the soccer clubs in bitcoin. The clubs are Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff City, Leicester City Football Club, Newcastle United and Southampton. –COIN TELEGRAPH

Crypto exchange to advertise with soccer teams
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6. Bakkt, the digital asset platform created by Starbucks, Microsoft, and BCG, will not support margin trading. CEO Kelly Loeffler recently outlined the major principles of the platform. They include an infrastructure for institutional investments, transparent and efficient price discovery, and a consistant regulatory construct. –BITCOINIST

7. The New York Times looks at life after the bitcoin boom. In particular, the story looks at investors who have lost significant amounts in recent months because of bitcoin's drop. –THE NEW YORK TIMES

8. The volume of bitcoin futures continues to drop. The volume dropped for the third straight day yesterday, and is down 69 percent from one week ago. –MARKET WATCH

9. The Ethereum Foundation awarded its third wave of grants. The money will fund projects to help scale the ethereum network. –ETH NEWS

10. Australians can now pay their bills with bitcoin. The arrangement comes because of a new partnership with Cointree and Gobbill. –BITCOINIST

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From the Forums

Rock-paper-scissors on the ethereum network.

Human evolution.

Improving bitcoin cash protocols.

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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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