Tuesday, October 23, 2018

Musk Tweet / BAT / Square Code / Bitcoin Futures

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$BTC (1:01 p.m. EST): $6,464.89 (-0.29%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More

$BCH (1:01 p.m. EST): $439.62 (-1.57%) // 90-day high: $844.12// 90-day low: $420.58 // More

$ETH (1:02 p.m. EST): $202.63 (-0.84%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:02 p.m. EST): $52.35 (0.18%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:02 p.m. EST): $0.44 (-2.55%) // 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 Twitter account was temporarily suspended after he tweeted about bitcoin. Musk was talking with a follower when he tweeted "Wanna buy some Bitcoin?" along with a picture of an anime character in front of the bitcoin logo. Twitter thought his account was hacked. Many Twitter users were not happy, feeling that the inclusion of the word "bitcoin" in the tweet led to the ban. That would not have happened if Musk tweeted about a different subject, they argue. –BITCOINIST

Elon Musk twitter account suspended over bitcoin tweet
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2. The ethereum token BAT is the latest altcoin to see a significant price increase. The coin, which stands for Basic Attention Token, has seen its value jump 56 percent in the past week, easily the best return among the top 50 crypto assets. The price increase has been attributed to positive fundamentals related to its role in Brave's web browser ecosystem and speculation it will soon be listed on Coinbase. –CCN

Ethereum's BAT token sees huge gains
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3. Square has made its cryptocurrency cold storage tool, Subzero, open source. The company developed the technology to coincide with the launch of bitcoin support on the Square Cash App. Subzero is an enterprise offline bitcoin wallet. It is largely useful for those that do not want to use an off-the-shelf hardware wallet because they want to create unique customization or implement business-related rules. -FINEXTRA

Square makes cold storage tool open source
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4. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, will list Bakkt Bitcoin Daily Futures Contracts starting December 12. The product will be physically settled and cleared by ICE. The exchange will only list one daily contract each day. As previously reported, Bakkt will not support margin trading for its BTC contract. –COIN TELEGRAPH

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5. The crypto market saw slight losses after trading sideways the past few days. –COIN TELEGRAPH

6. Litecoin plans to dramatically drop fees. –CRYPTO BRIEFING

7. Bitcoin's famous volatility is now less than some major stocks, including Amazon and Netflix. –MARKET WATCH

8. Bitmain has launched Asicboost firmwarm support for Antminers. –BITCOIN.COM

9. The HTC Exodus 1 blockchain-enabled phone can only be purchased with bitcoin or ethereum. –FORBES

10. Bitcoin volume hits new yearly low. –ETF TRENDS

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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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