Tuesday, October 16, 2018

Bitcoin Nears $7K / Fidelity / Constantinople / Donations

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$BTC (1:31 p.m. EST): $6,575.56 (-1.00%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More

$BCH (1:31 p.m. EST): $456.29 (-0.91%) // 90-day high: $844.12// 90-day low: $420.58 // More

$ETH (1:32 p.m. EST): $208.82 (-0.09%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:32 p.m. EST): $53.97 (-2.26%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:32 p.m. EST): $0.45 (3.90%) // 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 prices flirted with $7,000 per coin early Tuesday. The value of a coin rose to as high as $6,960.98 earlier today, its highest since Sept. 5. The jump comes amid a larger cryptocurrency drop the day before amid reports surrounding the stability of tether. While the price of bitcoin has since receded somewhat, the coin did see a 10 percent increase in less than 24 hours. –FORBES

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2. Fidelity has officially launched a cryptocurrency platform. Called Fidelity Digital Assets, the platform will house a crypto trading platform and custody solutions to offer a mainstream way for Wall Street investors to invest in cryptocurrency. The platform will be available 24 hours a day, seven days a week to keep up with the non-stop nature of the cryptocurrency market. –DAILY HODL

Fidelity officially launches cryptocurrency platform
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3. The Constantinople upgrade to the ethereum blockchain will not happen in 2018. The hard fork suffered an alleged "consensus" issue last week after being deployed on the Ropsten testnet. Developers plan to test the upgrade on other testnets while the Ropsten issue is found. However, the issues have caused the Constantinople fork to be indefinitely delayed. –CRYPTO SLATE

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4. Colleges and universities continue to receive donations in bitcoin, even though some are not sure how to accept them. The trend started in 2014 when Nicolas Cary, co-founder of Blockchain, wanted to make a $10,000 donation to the University of Puget Sound, his alma mater. The school had no idea how to accept the donation, but Cary showed them. Now, these types of donations are common at the school. At the same time, places like Harvard and Yale have yet to accept a crypto donation, although Yale has looked into the process. –BLOOMBERG

Colleges struggle with bitcoin donations
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5. A Ripple executive claims the White House wants to use XRP more to offset China's bitcoin dominance. –BREAKER

6. Blogger Slugger O'Toole wrote "bitcoin must die," claiming it is an environmental disaster. –CRYPTO GLOBE

7. Litecoin's price tends to mirror bitcoin. –INVESTOPEDIA

8. The Kenyan government will use blockchain in a new affordable housing project. –COIN TELEGRAPH

9. Here is a beginner's guide to a bitcoin ETF. –BLOCKONOMI

10. The Ethereum Foundation has awarded $3 million in grants. –COINDESK

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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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