Bitcoin Hits Yearly Low / Michigan Politicians / Xerox / Australia

Subscribe | View in browser $BTC (1:14 p.m. EST): $5,838.33 (-8.44%) // 90-day high: $7,382.19 // 90-day low: $5,640.36 / / More… $BCH (1:14 p.m. EST): $440.08 (-16.51%) // 90-day high: $703.41// 90-day low: $417.76 // More… $ETH (1:15 p.m. EST): $186.29 (-10.75%) // 90-day high: $365.71 // 90-day low: $171.58 // More… $LTC (1:15 p.m. EST): $44.40 (-11.66%) // 90-day high: $74.80 // 90-day low: $44.40 // More… $XRP (1:15 p.m. EST): $0.46 (-11.26%) // 90-day high: $0.61 // 90-day low: $0.26 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The price of bitcoin plunged early Wednesday following months of stability. The coin traded $5,640.36, its lowest mark for this year. Other coins suffered as well. Bitcoin cash continued its weeklong descent, while the prices of ethereum and XRP both have seen double-digit losses. The market capitalization has dropped by about $15 billion over the past 24 hours. –CNBC       2. Michigan does not allow political candidates to accept bitcoin donations. The state's campaign finance board recently wrote a letter to a state legislature candidate confirming that the state does not allow cryptocurrency donations. The board said that bitcoin and other crypto tokens couldn't be accepted because of their frequently fluctuating values. –BITCOIN EXCHANGE GUIDE       A 6-week MIT Blockchain Course Be guided by MIT faculty as you learn to harness the power of blockchain technology to solve real-world business problems in your organization. ​​​​​​​       3. Xerox has won a patent for a blockchain-driven auditing system for electronic files. The proposed technology can detect whether a file has been altered and tracks the history of changes made. Because the system relies on blockchain's decentralized verification mechanism, it becomes resistant to tampering. The technology is similar to other e-signature verification processes, but relies on blockchain to increase transparency. –COIN TELEGRAPH       4. Tax scammers in Australia have turned to bitcoin as their preferred payment method. The Australian Tax Office reported that the scammers prey upon migrants. They demand payment for fake government debts, threatening them with imprisonment or deportation if they do not pay. In the past, the scammers requested iTunes vouchers for payment, but now want their victims to pay in bitcoin. The government reports scammers have stolen more than $1 million the past three months using this method. –THE NEXT WEB       Find out what motivates developers to contribute to open source and what barriers prevent others from doing the same.  Get the report.       5. Ethereum co-founder Joe Lubin believes blockchain is a few years from "profound decentralization." –SMARTEREUM 6. This is why blockchain developers can make $158,000 per year. –BBC 7. Cryptocurrency advocate Max Keiser believes the stock market's recent downturn could lead to record prices for bitcoin. –BITCOINIST 8. The Great Lakes Science Center is the latest museum to accept bitcoin as payment. –COIN TELEGRAPH 9. Market Watch tells you everything you need to know about the bitcoin cash hard fork. –MARKET WATCH 10. The new Coindroid game takes advantage of the litecoin network. –BITCOIN EXCHANGE GUIDE       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).       Capitalize on the economic opportunities offered by blockchain technology with MIT Sloan.

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