Thursday, October 4, 2018

ErisX / Venezuela / Blockchain Definition / Beer

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

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1. TD Ameritrade will back a new cryptocurrency exchange. Eris Exchange, a Chicago-based derivatives market, will officially run the platform, named ErisX. Users will be able to trade bitcoin, ether, bitcoin cash and litecoin. The exchange will also offer futures contracts. TD Ameritrade is one of the financial institutions backing the venture, alongside DRW Holdings and Virtu Financial. –BLOOMBERG

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2. Bitcoin continues to be the dominant cryptocurrency in Venezuela. Despite reports that dash was growing in popularity in the economically turbulent nation, numbers from LocalBitcoins suggest otherwise. In the last two weeks, 898 and 877 BTC changed hands. Locals have turned to cryptocurrency as the country's fiat currency has rapidly lost value. Eduardo Gomez, the head of support of Purse.io, said reports that dash was being used were false. "Snake oil," he tweeted. "Nobody uses it for payments down here." –BITCOINIST

Bitcoin still the dominant crypto in Venezuela
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3. US Reps. Doris Matsui (D-California) and Brett Guthrie (R-Kentucky) have proposed a bill to create an official definition of blockchain. Called the "Blockchain Promotional Act 2018" in the House of Representatives, the bill calls on the Commerce Department to create a working group to form a common definition of blockchain. Previous bills that mentioned blockchain routinely had different definitions that could lead to confusion. –COIN TELEGRAPH

Reps propose bill to create blockchain definition
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4. Oracle will demonstrate its blockchain technology later this month with beer. At the company's Code One conference in San Francisco, Bay Area brewer Alpha Acid Brewing will showcase its beer made with fresh local ingredients. The brewer will show how Oracle's blockchain applications, which Alpha is currently beta testing, can track – and even improve – the brewing process supply chain. –SF EATER

Oracle to showcase blockchain with beer
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5. Bloomberg tracks bitcoin's 10-year history in one awesome chart. –BLOOMBERG

6. An analyst believes there is a "chronic lack of demand" for bitcoin. –MARKET WATCH

7. Acinq, a leading startup working on the lightning network, has raised $1.7 million. –COINDESK

8. Thieves impersonated government officials in an effort to take bitcoin from retail investors. –CCN

9. Bitcoin will cross $10,000 … next year, says noted investor Michael Novogratz. –AMB CRYPTO

10. One analyst warns that bitcoin could sharply drop in price in the near future. –THE EXPRESS

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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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