Square / Bitcoin Mining / Bill Clinton / Long Island Blockchain

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (12:39 p.m. EST): $7,591.47 (-0.20%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More… $BCH (12:40 p.m. EST): $747.19 (-1.52%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (12:40 p.m. EST): $414.69 (-1.80%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (12:41 p.m. EST): $76.72 (-1.23%) // 90-day high: $251.03 // 90-day low: $73.12 // More… $XRP (12:41 p.m. EST): $0.43 (-3.07%) // 90-day high: $1.20 // 90-day low: $0.43 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Square has seen its quarterly bitcoin revenue increase. The company revealed in a report to the US Securities and Exchange Commission (SEC) that it generated $37 million in revenue from cryptocurrency during the second quarter. This is up from $34 million in the first quarter. While it makes up just a portion of the company's $814 million quarterly revenue, CEO Jack Dorsey believes it is an area ripe for growth. –COIN TELEGRAPH       Free White Paper: The Innovator's Guide to Picking the Right Blockchain The first step in any blockchain project is to figure out which blockchain technology you should use. Get this free 20-page white paper to learn which type of blockchain is right for your project and get an unbiased analysis of the pros and cons of top blockchain platforms and frameworks. For an ad-free experience, upgrade to Inside Premium       2. Bitcoin mining poses a threat to the Paris climate-change accord, a new study claims. John Truby, a researcher at Qatar University, said the energy used to mine bitcoin outweigh the financial benefits. "The design of bitcoin's mining and trading system requires such a vast consumption of electricity that it is equivalent to powering Denmark," Truby wrote. "This threatens the planet to the extent that intervention is necessary to prevent similar models emerging." The electricity needed to mine bitcoin has increased 400 percent over the past 12 months. –MARKET WATCH       3. President Bill Clinton has been booked to speak at Ripple's Swell conference in October. Ripple has been known to bring celebrities to its events. Last year, Snoop Dogg appeared at a Ripple charity event. Twitter, though, was not impressed. A photoshop battle ensued after the announcement with some, say, less than desirable speakers listed to attend. –THE NEXT WEB       4. Bitcoin is being used less and less as a currency. After peaking at $411 million in September, only $60 million was spent on goods and services in May. These numbers come from the 17 largest crypto merchant-processing services. The number rebounded a bit in June – to $69 million – but it is a far drop from the same time last year when $270 million was spent. -BLOOMBERG       5. There is an arms race between countries to become the world capital of cryptocurrency technologies. Bermuda, Gibraltar, and Malta have all passed crypto-friendly laws in an effort to encourage companies to move there. They are competing with some larger companies, like France, for these businesses. The hope is that these companies set up operations, bring in some tax revenue, and create supporting jobs and businesses as a result. –THE NEW YORK TIMES       6. The company once known as Long Island Iced Tea has rebranded again. The drink company famously changed its name to Long Blockchain earlier this year to take advantage of the crypto market. The company then said it would mine bitcoin. However, the company has changed paths once again. It will now focus on loyalty schemes, using distributed ledger technology in its new format. –COIN TELEGRAPH 7. Forbes takes on a big topic: The future of blockchain and its impact on the world. The author takes a pragmatic approach, saying blockchain has potential but it hasn't been fully shown. -FORBES 8. Coinsquare, a top exchange in Canada, will now support XRP. The launch is in beta so customers can buy and trade XRP but cannot withdraw it to a third-party wallet. –ETHEREUM WORLD NEWS 9. Here is a look at CoinFund, a cryptoasset investment fund. The company helps other startups conduct regulation-compliant ICOs. -FORBES 10. Thomas Costanzo, a former bitcoin trader, was sentenced to 41 months in jail for laundering drug money with bitcoin. Authorities said Costanzo laundered $164,700 in bitcoin over two years. –COINDESK       From the Forums There is no reason not to allow a bitcoin ETF. Looking at bitcoin transaction fees. Be skeptical of bitcoin.com.       Written and curated by David Stegon. David's children have watched "Cars 3" more than 4,000 times. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

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