Friday, October 19, 2018

Flamethrower / Ticketmaster / Bitcoin Premium / Blockchain Revenue

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$BTC (1:31 p.m. EST): $6,464.03 (-0.92%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More

$BCH (1:31 p.m. EST): $442.16 (-0.06%) // 90-day high: $844.12// 90-day low: $420.58 // More

$ETH (1:32 p.m. EST): $204.14 (-0.11%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:32 p.m. EST): $53.39 (1.52%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:32 p.m. EST): $0.45 (-0.33%) // 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. Elon Musk's The Boring Company will not accept cryptocurrencies, including bitcoin, ethereum, and litecoin. The company most notably sells a flamethrower for $500. Musk founded The Boring Company to dig tunnels that his Hyperloop transportation system will eventually operate in, but has added some retail products as well. –THE NEXT WEB

Elon Musk to sell flamethrower for crypto
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2. Ticketmaster has acquired Upgraded, a blockchain-focused live events company. Ticketmaster will merge Upgraded's technology with its own to bring blockchain to better control ticket distribution. The company also hopes that blockchain will better protect clients from fraud associated with the existing ticket system, which still uses PDF-based tickets. –COIN TELEGRAPH

Ticketmaster makes acquisition to utilize blockchain
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3. Bitcoin has been selling for a $300 premium on Bitfinex. The increased price has coincided with rising concerns around the stablecoin tether. Many analysts believe that investors want to sell tether in exchange for bitcoin. Tether and Bitfinex share management, so users of the exchange hold more tether than on almost any other exchange. –BITCOINIST

Bitcoin selling for $300 more on Bitfinex
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4. Blockchain will generate more than $10.6 billion in revenue by 2023. That prediction, which comes from a new report by ABI Research, is generated from expected software sales and services, particularly in the global supply chain. The blockchain is yet to generate notable revenue, but a number of large companies, including Walmart, have begun pilot projects that may one day lead to monetary rewards. –COMPUTER WORLD

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5. Ad Week profiles Pras Michel, the Grammy-winning member of the Fugees, who will release a blockchain-enabled smartphone later this year. –AD WEEK

6. A Norwegian man was stabbed to death after trading bitcoin for bitcoin cash in person. –BITCOINIST

7. The Venezuelan government has authorized six exchanges to sell petro, the country's national cryptocurrency. –BITCOIN.COM

8. Bitcoin's price slump has led to more M&A. –CNBC

9. Nicholas Gelfman, CEO of cryptocurrency hedge fund Gelfman Blueprint, Inc., has been ordered to pay more than $2.5 million for operating a Ponzi scheme. –COIN TELEGRAPH

10. A Capgemini study argues blockchain can "revolutionize" businesses in the United Kingdom. –TECH RADAR

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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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