Price Rebound / SEC Delay / Congressional Letter / Forks

Subscribe | View in browser $BTC (12:52 p.m. EST): $6,671.23 (3.77%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More… $BCH (12:53 p.m. EST): $479.42 (11.90%) // 90-day high: $872.84// 90-day low: $420.58 // More… $ETH (12:53 p.m. EST): $227.72 (8.21%) // 90-day high: $531.53 // 90-day low: $171.58 // More… $LTC (12:54 p.m. EST): $57.73 (6.35%) // 90-day high: $107.31 // 90-day low: $49.35 // More… $XRP (12:54 p.m. EST): $0.58 (57.15%) // 90-day high: $0.57 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The price of bitcoin jumped above $6,700 per coin on Friday for the first time in two weeks. Bitcoin's increase led an overall rally in the cryptocurrency market. The big winner, though, has been Ripple XRP, which has risen more than 68 percent this week alone. Stellar, tezos and cardano have also posted gains between 15 and 18 percent. The market cap for all cryptocurrencies is around $217 billion. –COIN TELEGRAPH       2. The US Securities and Exchange Commission has asked for more feedback on an ETF proposal from Van Eck Securities and SolidX Management. The SEC has already received more than 1,400 comments on the proposal, but plans to give commenters another three weeks to submit thoughts. The SEC has rejected previous ETF proposals over fears of bitcoin price manipulation. The agency wants to hear more views on the forces that effect the crypto market. –BLOOMBERG       Seamlessly access digital currencies today with Uphold!  Instantly invest, convert, and transfer 8 cryptocurrencies + 23 fiats + 4 precious metals. With Uphold, you can send any currency to anyone, instantly for free. You can even connect to US and EU bank accounts, credit cards, and 8 blockchain networks. Uphold is trusted, transparent, and fully reserved. Click here to sign up for free >>>       3. Five Republican representatives have written a letter urging the agency to update its guidance on federal tax obligations tied to cryptocurrencies. The group of lawmakers previously sent the IRS a letter expressing concern over the agency's decision to ramp up enforcement of cryptocurrency-related violations without adopting a "comprehensive virtual currency strategy." The lawmakers argue the IRS has not clarified its crypto strategy. The letter was signed by Kevin Brady (R-Texas), David Schweikert (R-Arizona), Lynn Johnson (R-Kansas), Darin LaHood (R-Illinois), and Brad Wenstrup (R-Ohio). –CCN       4. Amaury Sechet, the lead developer behind Bitcoin ABC, believes cryptocurrency forks will slow down considerably in the future. Sechet argued that each fork leads to the loss of the network effect in the original blockchain, reducing the ability to create future value. He added that the best forks come from compelling arguments that create interesting new chains. There are only so many projects, though, that can maintain that level of interest. –COINDESK       5. Fast Company highlights a group of women that are working to ensure that blockchain remains inclusive. –FAST COMPANY 6. Bitcoin miners have tried to stay positive amid dropping profits. –COINDESK 7. Despite bitcoin's struggles this year, investor Tim Draper has not backed down on his prediction the coin will hit $250,000 by 2022. –THE STREET 8. Reddit users discuss the value of bitmain's new mining chips. –REDDIT 9. An analyst explains why he believes ethereum will drop to $100. –FORBES 10. A Denial-of-Service vulnerability was recently found and patched in the code of the litecoin platform. –BITCOIN EXCHANGE GUIDE       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).       Dozens of analysts covering news on 2,000 coins in 24/7 realtime. Over 80,000 staff-written headlines. CryptocurrencyNewsfeed.com

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