Tuesday, October 9, 2018

TRON Surge / Ver Plans Exchange / IMF / Seoul

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$BTC (1:01 p.m. EST): $6,612.50 (-0.63%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More

$BCH (1:01 p.m. EST): $515.45 (-1.85%) // 90-day high: $844.12// 90-day low: $420.58 // More

$ETH (1:02 p.m. EST): $227.60 (-0.78%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:02 p.m. EST): $58.51 (-1.01%) // 90-day high: $107.31 // 90-day low: $49.35 // More

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

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1. The price of TRON surged 16 percent overnight, a jump that coincides with release of the Odyssey 3.1 upgrade. CEO Justin Sun said that TRON's board has reached a consensus on a number of improvements that will arrive in the near future. The Odyssey 3.1 upgrade is one of them, an improvement that Sun boasts could improve network speed more to be more than 200 times faster than ethereum. –NEWS BTC

TRON surges 16 percent overnight
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2. Roger Ver may launch a cryptocurrency exchange that would use bitcoin cash as its base currency. Ver said the plans for the exchange are still in the early stages, and has not decided to build it from the ground up or seek to acquire an already up-and-running platform. "If we build it ourselves, we can do it really, really cheap, and we get exactly what we want," Ver said. "But we don't have the security of a battle-tested exchange that's been around for a while." –CCN

Roger Ver may launch crypto exchange
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3. The International Monetary Fund has issued a warning that the rapid growth of cryptocurrencies could create vulnerabilities in the international finance system. The report claims that the roll back of post-crisis regulatory reform and oversight could encourage excessive risk-taking, including in the crypto marketplace. This could lead to a further buildup of financial vulnerabilities. –FORBES

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4. Seoul will invest $108 million to turn the South Korean capital into a blockchain-powered smart city. Mayor Park Won-soon said the five-year blockchain plan will cover 14 public services in five major areas: election voting, labor welfare, vehicle history management, donation management, and certification issuance. –COINGEEK

Seoul to invest $108 million in blockchain
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5. CNBC's Ran Neuner believes the pending ETF decision will cause bitcoin "to explode." –COIN TELEGRAPH

6. Meet Mai Fujimoto, better known as Miss Bitcoin. –BITCOINIST

7. CoinIQ takes a look at the Blockchain Association. –COINIQ

8. Mining profitability continues to decrease but miners are seeing larger revenues. –ETHEREUM WORLD NEWS

9. French citizens have lost €31 million in bitcoin scams this year. –CRYPTOVEST

10. Litecoin will be relisted on CEX.io. –BLOCKMANITY

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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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