Wednesday, October 24, 2018

Shark Tank / SEC Memo / USDC on Coinbase / OFGP

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

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1. An application that turns spare change into cryptocurrency was featured on "Shark Tank." The app, Bundil, transfers spare change from credit or debit card purchases into various forms of cryptocurrency, including bitcoin, ethereum, and litecoin. CEO Dmitri Love left the tank with a deal, scoring $100,000 from Kevin O'Leary. –CNBC

Crypto app hits it big on 'Shark Tank'
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2. The US Securities and Exchange Commission published a memorandum on its meeting regarding VanEck and SolidX's bitcoin ETF proposal. The memorandum does not include any new insights, but does give an overview of what was discussed, along with each company's history with the SEC. Included, as well, is an effort to address the SEC's concerns that the price of bitcoin and other cryptocurrencies is susceptible to fraud and manipulation. –COIN TELEGRAPH

SEC releases memo on ETF meeting
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3. Coinbase will support the new stablecoin from Circle, USDC. Each coin is 100 percent collateralized by a corresponding US dollar, held in accounts subject to regular public reporting. This is the first time Coinbase has supported a stablecoin, but it comes as little shock that it was added to the platform. Coinbase and Circle collaborated on the project as part of their new Centre Consortium. –BITCOIN.COM

Coinbase to add support for Circle's USDC
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4. A new protocol will make it easier to complete cross-chain transactions. iBitcome and DE.top have developed the Open Federated Gateway Protocol, better known as OFGP. The first blockchain to be built using this protocol launches today. It will be accompanies by a block explorer that will allow users to examine the flow of assets and check up on transactions whenever they like. –COIN TELEGRAPH

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5. There is hope that the launch of the Bakkt bitcoin futures contracts could lead an end-of-year rally. –NEWS BTC

6. Ethereum's "difficulty bomb" will change the currency forever. –MIT TECHNOLOGY REVIEW

7. There is still $1 million to win in the 310 Bitcoin Challenge, just in case you didn't win the Mega Millions jackpot. –COINDESK

8. Litecoin is a dead man walking. –CAPTAIN ALTCOIN

9. Bitcoin scams are on the rise in India. –AMB CRYPTO

10. A blockchain is attempting to shut down assassination markets. –FORTUNE

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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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