Coinbase Valuation / Pigeoncoin / $7 Billion Blockchain Market

Subscribe | View in browser $BTC (1:30 p.m. EST): $6,509.68 (-0.61%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More… $BCH (1:30 p.m. EST): $517.28 (-2.66%) // 90-day high: $872.84// 90-day low: $420.58 // More… $ETH (1:31 p.m. EST): $221.51 (-2.36%) // 90-day high: $531.53 // 90-day low: $171.58 // More… $LTC (1:31 p.m. EST): $57.39 (-3.84%) // 90-day high: $107.31 // 90-day low: $49.35 // More… $XRP (1:31 p.m. EST): $0.52 (-4.33%) // 90-day high: $0.57 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Coinbase is in negotiations for a $500 million investment that would value that company at $8 billion. The company is in talks with Tiger Global and its current shareholders. Coinbase would use half of those funds for future projects, and use the other half to buy out existing investors, according to reports. If the deal happens, it would value Coinbase as one of the largest startups in the United States. –RECODE       2. Hackers exploited the bug recently discovered in bitcoin's code to create more than $15,000 in another cryptocurrency: Pigeoncoin. The severe inflation bug was patched on bitcoin after it was discovered, but other tokens that borrowed bitcoin's public code are still vulnerable. Hackers used the bug to print 235 million pigeoncoins. While pigeoncoin does not even rank in the top 1,000 coins on CoinMarketCap, the attack highlights the potential danger of the bug. –COINDESK       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. Bank of America estimates that blockchain could be a $7 billion market. In a new report, the firm identified nine companies, including Amazon, Microsoft and Oracle that stand to benefit from blockchain's growth. The potential beneficiaries could marry blockchain with existing cloud computing operations and improve supply chain operations. Bank of America did not say when that $7 billion market will be realized. –CNBC       4. GBTC, the only bitcoin investment trust in the United States, has dropped to its lowest levels of the year. The trust dropped 10 percent last week alone. While the price of bitcoin does affect the trust, the drop in price has been attributed to other factors including high fees associated with the fund and regulatory uncertainty surrounding bitcoin. –NEWS BTC       CryptocurrencyNewsfeed.com -- News Terminal for Crypto Traders View a live demo -- no login or credit card required! -- The world's first crypto news terminal covering 2,000 coins. Take action before the crowd and profit with faster news. Up-to-the-second precision. We are always first with 20 analysts working around the clock. Click here for a no-login-required demo!       5. Wired checks in with Bram Cohen, the founder of BitTorrent, who now leads crypto firm Chia. –WIRED 6. Bitcoin's upcoming birthday is being marred by manipulation. –HACKED 7. Video game maker Ubisoft has become an inaugural member of the newly formed Blockchain Game Alliance consortium. –COINDESK 8. An analyst argues that the recent drop in Internet searches for bitcoin is good for the crypto industry as a whole. –FINANCE MAGNATES 9. Bitcoin remained relatively stable as altcoins dropped. –COIN TELEGRAPH 10. The world's first blockchain university will open next year. –NEWS BTC       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 Know the FATCA requirements, register now for our AP Tax Compliance webinar with KPMG.

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