Friday, November 2, 2018

Tether / CryptoKitties / Exodus Review / Ethereum Fall

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$BTC (1:28 p.m. EST): $6,342.89 (-0.63%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More

$BCH (1:28 p.m. EST): $459.20 (8.37%) // 90-day high: $844.12// 90-day low: $417.76 // More

$ETH (1:29 p.m. EST): $199.84 (0.39%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:29 p.m. EST): $51.40 (2.61%) // 90-day high: $107.31 // 90-day low: $49.28 // More

$XRP (1:29 p.m. EST): $0.45 (1.44%) // 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. Tether has a new bank and claims to have more than $1.8 billion in cash. The company behind the stablecoin released a statement saying it is banking with Deltec, a 72-year-old firm based in the Bahamas. While tether has traditionally kept its banking relationships quiet, it wants to create transparency following questions about the liquidity of its previous bank, Noble Bank of Puerto Rico. Tether also claimed it had enough cash to support the more than $1.76 billion worth of tether in the marketplace. –BITCOIN.COM

Tether partners with new bank, claims $1.8 billion in cash
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2. Break out the scratching post because the makers of CryptoKitties just got paid. Dapper Labs, the developer of the popular ethereum-based game, closed a $15 million funding round led by Samsung Next and Google Ventures. Dapper has now raised nearly $28 million in disclosed funding rounds, although the company has been notoriously secretive about its plans for these, or other, funds. –ETHEREUM WORLD NEWS

CryptoKitty developer gets $15 million in funding
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3. HTC's blockchain-based Exodus smartphone has generated buzz in the crypto community, but as this review suggests, it might not have a market. The Exodus features a secure enclave for users to store their cryptocurrency keys. Since the enclave it still on a manufactured device, serious investors will likely keep using secured hardware wallets, while recreational investors may not want the hassle of switching from their current soft wallet. –WIRED

HTC Exodus review highlights larger question
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4. Ethereum continues to struggle after falling 22 percent since the end of the second quarter. A report from CoinGecko suggests that the future might not be that much brighter. Ethereum's price has dropped more in comparison to the other top altcoins. The report does not offer an explanation for ethereum's diminished returns beyond the fact that other coins have seemed to replace some of ethereum's marketshare as a bitcoin alternative. –ETHEREUM WORLD NEWS

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5. Charlie Shrem, known as the "first felon" of bitcoin for his conviction for selling drugs for cryptocurrency, now faces more legal trouble. –THE NEW YORK TIMES

6. As this article states, Initiative Q is not a cryptocurrency, but it could be the next bitcoin – if it is not a pyramid scheme. –FORBES

7. A cryptocurrency millionaire plans to build a blockchain utopia in Nevada. –THE NEW YORK TIMES

8. Ledger, the popular hardware wallet, said it will pause bitcoin cash services on November 15 in lieu of the coming hard fork. –BITCOIN.COM

9. Litecoin can now be sent on Facebook Messenger using Lite.IM. –ETHEREUM WORLD NEWS

10. Thugs in Amsterdam are threatening to plant hand grenades at businesses unless they pay a bitcoin ransom. –CCN

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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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