Friday, September 14, 2018

Mystery Continues / CoinMarketCap / Cruiseship Argument / Sharding

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$BTC (1:18 p.m. EST): $6,514.25 (0.12%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More

$BCH (1:19 p.m. EST): $452.88 (-0.85%) // 90-day high: $872.84// 90-day low: $420.58 // More

$ETH (1:19 p.m. EST): $213.98 (3.58%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:20 p.m. EST): $55.57 (1.50%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:20 p.m. EST): $0.27 (-1.73%) // 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. Mystery still surrounds a number of large bitcoin transactions last week that some believe fueled a large crypto selloff. A bitcoin whale moved $320 million of bitcoin into a number of accounts previously held by the user, Dread Pirate Roberts. The accounts had previously been tied to the Silk Road online marketplace, but had laid dormant for more than four years. As expected, amateur sleuths tried to figure out why and speculation has run rampant. At this point, though, no one knows much of anything. –BLOOMBERG

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2. 60 percent of CoinMarketCap users would like to vote for projects or exchanges to be listed on the site. CoinMarketCap sent out a Twitter survey earlier this week asking that question, raising speculation that the platform has internally debated that issue. CoinMarketCap came under scrutiny earlier this year when it delisted South Korean exchanges, causing rapid jumps in the price of cryptocurrencies. Allowing users to vote on projects would absolve the company of "abusing trust" when it came to listing new projects. –BITCOINIST

CoinMarketCap may let users vote for projects
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3. A planned debate between Jimmy Song and Roger Ver quickly fell apart during a bitcoin-themed cruise. The two were set to argue the merits of bitcoin and bitcoin cash, but just 37 seconds in the debate turned into a shouting match. It ended with Ver taking a microphone before his turn and Song storming off stage. There is more to it than that, but luckily someone took video of the full encounter. –MASHABLE

Song, Ver debated aboard cruise shit gets ugly
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4. Ethereum's Vlad Zamfir claims to have coded a successful proof-of-concept for sharding. Built with the help of other developers, the code is said to demonstrate how different ethereum shards may be able to someday communicate on the blockchain. Sharding is a concept that some believe could help ethereum scale, although it is a difficult technology to implement. Zamfir said that his proof-of-concept is "not even close" to production ready. –COINDESK

Ethereal completes proof-of-concept for sharding
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5. Sonny Singh, the chief commercial officer for bitcoin, said altcoins will not recover from the recent downturn. He does believe bitcoin will come back strong, but believes altcoins are ultimately doomed. –COIN TELEGRAPH

6. Yahoo Finance has integrated cryptocurrency trading of bitcoin, litecoin, ethereum, and dogecoin. Crypto trades are only available on Yahoo Finance's iOS mobile app with plans to add desktop trading in the future. –INVESTOPEDIA

7. Authorities in Thailand have given Prinya Jaravijit, the believed mastermind of a scheme that stole $24 million from a Finnish investor, until September 17 to surrender. If Jaravijit does not meet the deadline, authorities plan to start extradition procedures. –CCN

8. BitGo CEO Mike Belshe said bitcoin needs fresh capital to continues its growth. Luckily, he said, Wall Street will soon be coming in. –NEWS BTC

9. In this video, ethereum co-founder Vitalik Buterin discusses which blockchains he sees as the most capable of self-improvement. The chains he named all have off-chain governance. –DAILY HODL

10. Bitcoin continues to see record volumes across South America. It is not surprising as a number of countries on the continent have faced economic crisis in recent months. –BITCOINIST

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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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