SEC Delay / Crypto Drop / Voting / Microsoft

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (12:25 p.m. EST): $6,472.10 (-9.20%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More… $BCH (12:25 p.m. EST): $599.46 (-15.32%) // 90-day high: $1,663.91// 90-day low: $599.46 // More… $ETH (12:25 p.m. EST): $363.32 (-11.39%) // 90-day high: $790.72 // 90-day low: $363.32 // More… $LTC (12:26 p.m. EST): $64.22 (-13.94%) // 90-day high: $162.87 // 90-day low: $64.22 // More… $XRP (12:26 p.m. EST): $0.33 (-17.79%) // 90-day high: $0.86 // 90-day low: $0.33 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The price of bitcoin dropped early Wednesday, trading below $6,500 per coin at one point. The fall coincided with the US Securities and Exchange Commission's decision to delay a final ruling on an ETF from investment firm VanEck and financial services company Solid X. Their proposal would back the ETF with actual bitcoins rather than futures. The SEC said it will now rule on the proposed ETF by September 30. -CNBC       Blockchain Beyond Bitcoin What if the intense media focus on bitcoin and other digital currencies is missing the big story of business blockchain? Real Vision's Ash Bennington investigates, interviewing blockchain specialists from IBM and KPMG, the founders of cutting-edge blockchain startups, and independent experts in the space. Watch the full video on Real Vision by signing up for a FREE 14-day trial today. For an ad-free experience, upgrade to Inside Premium       2. XRP and litecoin continued declines early Wednesday, both hitting their lowest prices of the year. XRP dropped to $0.33 per coin, an 89 percent drop from its high eight months ago. Litecoin also hit a yearly low, dipping below $70 per coin early Wednesday and continuing to drop into the early afternoon. These drops, along with the falling price of bitcoin, saw the total market capitalization of all cryptocurrencies drop below $250 billion. -COINDESK       3. West Virginia will allow military stationed overseas to vote with a mobile app secured with blockchain technology. Military members will be able to cast their vote in the 2018 mid-term elections – for both federal and state offices – with the app. West Virginia debuted the app in tests during this spring's primary elections in West Virginia. It has since undergone four audits, including its cloud and blockchain infrastructure, and officials did not find any security problems. –COIN TELEGRAPH       4. Microsoft has debuted a new Blockchain-as-a-Service product. The tool specifically allows businesses to deploy flexible instances of ethereum tailored specifically for enterprise environments. More importantly, Microsoft's solution allows users to build applications on an ehtereum blockchain that is not secured by a Proof-of-Work algorithm. As a result, users do not need to worry about mining. -CCN       5. The crptocurrency space is filled with speculators, not drug dealers. Lilita Infante, a member of the US Drug Enforcement Administration Cyber Investigative Task Force, said speculation makes up about 90 percent of the cryptocurrency transactions she has monitored. Just five years ago, she said, about 90 percent of transactions were tied to criminal behavior, but that number has now dropped closer to 10 percent, she said. -BLOOMBERG       6. dYdX, a financial startup, has created an ethereum derivatives product that will allow investors to short ethereum. The open-source platform is built on top of decentralized exchange protocol 0x, and uses smart contracts to allow investors to trade ether tokens that function as options contracts. A number of cryptocurrency exchanges already offer derivatives contracts for altcoins, but they predominantly require users to deposit funds into exchange-controlled wallets. -CCN       7. Marcus Lemonis, star of "The Profit" on CNBC and CEO of Camping World, is not interested in bitcoin. "I like good old American cash," Lemonis said. "I like it in my pocket and I like it in the bank. And what I would encourage people to do is, if they're interested in something like [bitcoin], explore it — but nothing replaces good old-fashioned cash." -CNBC 8. Here's some good advice on how to adopt blockchain for GDPR compliance. These tips can be helpful as more and more governments adopt data ownership laws. –INFORMATION WEEK 9. IBM is a big believer in blockchain. A recent survey said only 1 percent of executives currently deploy blockchain at their firms but IBM believes there is still untapped potential in the technology. -QUARTZ 10. Check out this story on bitcoinClean, a cryptocurrency that incentivizes miners to use create energy. Forbes sat down with founder Walter Komarek to discuss the coin. -FORBES       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).       From the Forums Bitcoin vets are accustomed to price swings. Is litecoin oversold? Core trolls are posting differing ideas.

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