Monday, October 1, 2018

Malta / OpenBazaar / Lost Bitcoin / CoinText.io

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$BTC (1:30 p.m. EST): $6,550.38 (-0.53%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More

$BCH (1:30 p.m. EST): $529.96 (-0.92%) // 90-day high: $872.84// 90-day low: $420.58 // More

$ETH (1:31 p.m. EST): $228.20 (-2.36%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:31 p.m. EST): $60.04 (-1.88%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:31 p.m. EST): $0.55 (-5.06%) // 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. Malta Prime Minister Joseph Muscat told the United Nation's General Assembly that blockchain will lead to the "inevitable" acceptance of bitcoin and other cryptocurrencies. "By being the first jurisdiction worldwide to regulate this new technology that previously existed in a legal vacuum," Muscat said. "Blockchain makes cryptocurrencies inevitable future of money. More transparent, it helps filter good business from bad business." Malta has been largely praised for its pro-blockchain approach, which has earned it the nickname Blockchain Island. –FORBES

Malta PM hypes blockchain before united Nations
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2. OpenBazaar does not appear to enforce a top-down approach to censorship, but instead the designers appear to nudge users toward more socially acceptable products. As CoinIQ states in a review of the cryptocurrency marketplace, comparisons to Silk Road seem inevitable for OpenBazaar. While the site does have its share of illegal products – include drugs and weapons – the site does feature an adult content filter by default, among with a way to report offensive or fraudulent items. –COINIQ

OpenBazaar tries to shake off Silk Road comparison
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3. 36 percent of bitcoin in circulation is lost, likely lost, or unmined, while another 22 percent is held by speculators. These numbers come from Chainalysis, and show that speculators have largely held onto their coins through this past summer even as the prices of cryptocurrency have dropped. Chainalysis combined their existing knowledge of on-chain activity with their previous money supply work. –BITCOIN.COM

More than a third of bitcoin in circulation is lost
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4. CoinText.io has added support for litecoin and dash. The service allows users to send cryptocurrencies through SMS. The platform already supports bitcoin cash. The goal of the company is to allow customers instantly transfer cryptocurrencies without the need for an application or even a working internet connection. –BLOCKMANITY

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5. One of China's biggest crypto whales announced he will take a hands-off approach to future bitcoin projects. –COIN TELEGRAPH

6. Here are 10 altcoins to watch over Q4. –INVEST IN BLOCKCHAIN

7. As bitcoin nears its 10th anniversary, at least one analyst is not impressed. –PYMNTS

8. Bitcoin posted its second consecutive losing month, but some indicators point to a bullish breakout in Q4. –COINDESK

9. Watchmaker Hublot has will sell a commemorative watch only buyable with bitcoin. –CRYPTO SLATE

10. Here is why some analysts are shorting ethereum. –BITCOINIST

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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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