Monday, September 24, 2018

Bitcoin Bug / The B Foundation / Juventus / Stellar

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$BTC (1:07 p.m. EST): $6,616.20 (-1.12%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More

$BCH (1:07 p.m. EST): $469.62 (-3.25%) // 90-day high: $872.84// 90-day low: $420.58 // More

$ETH (1:08 p.m. EST): $234.62 (-3.25%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:08 p.m. EST): $58.23 (-4.30%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:08 p.m. EST): $0.52 (-7.57%) // 90-day high: $0.57 // 90-day low: $0.22 // More

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

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1. Bitcoin Core developer John Newbery has taken responsibility for last week's critical bitcoin bug. Newbery took to Twitter on Sunday to say he should have caught the bug that could have seen hackers take many nodes offline and create duplicate transactions. In particular, Newbery, whose job is to check the bitcoin codebase, said a comment that read "so we skip it in CheckBlock" should have alerted him. "That comment and the fCheckDuplicateInputs flag don't just smell, they stink," Newbery wrote. "I should have followed my nose. At the very least I should have looked up Bitcoin Core PR #9049. I didn't." –CRYPTO SLATE

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2. Alena Vranova, co-founder of Trezor and Satoshi Labs, announced the creation of The B Foundation. The organization, which Vranova founded alongside evangelist Giacomo Zucco, will be a mixed charitable and commercial organization, focused on coordinating general bitcoin adoption and research developers. Vranova said it is modeled similar to the Ethereum Foundation. "Bitcoin and lightning network development are the main focus," she said. "We might have some side projects like privacy-related projects like tor, freenet, stuff like that, bittorrent, but mostly bitcoin and lightning network." –BITS ONLINE

Entrepreneurs create new bitcoin foundation
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3. Italy's Juventus Football Club, one of the most popular soccer teams in the world, will launch its own crypto token. Distributed through a "Fan Token Offering," Juventus will use the tokens to give fans a voice. Fans can use their tokens to vote on an upcoming mobile app to issues surrounding the team. The announcement comes amid a recent run of European soccer teams turning to blockchain tech to try and engage further with their fan bases. –COINDESK

Juventus soccer club creates own crypto token
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4. The price of Stellar jumped more than 50 percent last week. Following a more than 20 percent gain on Saturday, Stellar now sits as the sixth-largest cryptocurrency. The increase comes a little more than a month after the company behind Stellar, the Lightyear Corporation, merged with Chain Inc. to form a new company called Interstellar. The new company hopes to create new enterprise products, as well as increase the use of Stellar's global public ledger. –BITCOINIST

Stellar sees large jump over the weekend
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5. Bloomberg profiles Cathie Wood, the CEO of Ark Investment Management who bought bitcoin in 2015 and currently manages three of the top 15 ETFs in the market. –BLOOMBERG

6. Bitcoin is seen as a "safe haven" compared to altcoins during bear markets. –VENTURE BEAT

7. The United States has the most bitcoin "hodlers" in the world. –USE THE BITCOIN

8. Here's another helpful guide from CoinIQ – this one reviews the 20 post popular cryptocurrency portfolio track apps current on the market. –COINIQ

9. The largest brokerage firm in Brazil will launch an exchange for bitcoin and ethereum. –COIN TELEGRAPH

10. Sheffield Clark, CEO of Coinsecure, said bitcoin is not practical for everyday use. –CRYPTO NEWS REVIEW

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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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