Friday, August 17, 2018

Soft ETF / Ethereum Classic / UEFA Super Cup / Betting Against Bitcoin

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

$BTC (12:11 p.m. EST): $6,501.76 (1.45%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More

$BCH (12:11 p.m. EST): $545.43 (3.29%) // 90-day high: $1,663.91// 90-day low: $599.46 // More

$ETH (12:12 p.m. EST): $298.36 (2.08%) // 90-day high: $790.72 // 90-day low: $290.75 // More

$LTC (12:12 p.m. EST): $58.65 (4.51%) // 90-day high: $162.87 // 90-day low: $56.78 // More

$XRP (12:12 p.m. EST): $0.31 (8.13%) // 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. Nasdaq Stockholm has begun targeting investors in the United States with a "soft" alternative to a bitcoin ETF. The exchange began to list a bitcoin-based exchange traded note (ETN), which has been available since 2015, in USD under the ticker CXBTF as of Wednesday. The product, named Bitcoin Tracker One, is still listed and traded in Sweden but can easily be purchased in America. Unlike a exchange-traded fund, an ETN is a debt instrument that is backed by an issuer — like a bank — instead of being tied directly to an asset. –COIN TELEGRAPH

Nasdaq Stockhold has launched a soft ETF
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2. The price of ethereum classic jumped Thursday, afternoon hours before it was officially added to Coinbase. The coin jumped more than 15 percent over a 24-hour period, making it the largest gainer among the top 15 cryptocurrencies by market capitalization over that time period. The price of ethereum classic also jumped earlier this month when it was announced the coin would join Coinbase. It dropped, though, quickly thereafter. –COINDESK

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3. The UEFA Super Cup, an early season soccer matchup between top European teams, used blockchain to power its mobile ticketing platform. The UEFA's system used blockchain to guarantee the validity of mobile tickets, allowing users to down them on their their mobile devices. Blockchain ensured that the proper tickets reached the proper people, along with securing any sales or exchanges between third parties. -FORBES

UEFA Super Cup uses blockchain for ticket
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4. Interest in betting against bitcoin has risen in recent weeks. Bitfinex, the world's fourth largest crypto exchange, said it has seen the number of bets against bitcoin double since the beginning of August. Short sales are placed through borrowed funds from Bitfinex's peer-to-peer funding and lending market. –MARKET WATCH

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5. Coinbase has re-launched its wallet offering. The company announced it is renaming the Toshi Wallet, which it has offered customers for more than a year, to the simply named Coinbase Wallet. Coinbase said the change is not just in name, but it will add additional features as time goes on. While the wallet is live, it, for now, can only hold ethereum. Support for bitcoin, bitcoin cash and litecoin are on the way. –THE NEXT WEB

Coinbase relaunches wallet offering
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6. Kryptovault, a cryptocurrency mining company in Norway, has received a bomb threat. The threat came after a story about the company appeared in the local newspaper. Gjermund Hagesaeter, the company's managing director, said the company has had some conflict with local residents over the noise their facility produces. -CCN

7. Brian Kelly, CNBC's top crypto analyst, has remained positive about bitcoin. In a recent appearance, Kelly believed the crypto market could head upwards within the next few days. –NEWS BTC

8. It is a good question: Why is bitcoin so desperate for an ETF? One analyst believes if an ETF is approved it will have little effect on bitcoin over the long term. -FORBES

9. Ranchers in Wyoming are using bitcoin to track cows. The goal is to add more transparency to the beef selling process. -NPR

10. Here are three reasons that may explain ethereum's brutal week. The coin has recently dropped below $300 per coin and is trading at a ninth-month low. –BRAVE NEW COIN

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From the Forums

An easy way to keep an eye on crypto stats.

A meme that explains bitcoin.

Ethereum price drop will not hurt its ecosystem.

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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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