Friday, December 14, 2018

Crash Continues / Bomb Threats / PayPal

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$BTC (1:30 p.m. EST): $3,235.64 (-5.16%) // 90-day high: $7,382.19 // 90-day low: $3,286.14 / / More

$BCH ABC (1:30 p.m. EST): $81.98 (-15.28%) // 90-day high: $703.41// 90-day low: $80.95 // More

$ETH (1:31 p.m. EST): $84.59 (-6.08%) // 90-day high: $365.71 // 90-day low: $85.11 // More

$LTC (1:31 p.m. EST): $23.06 (-5.04%) // 90-day high: $74.80 // 90-day low: $22.09 // More

$XRP (1:31 p.m. EST): $0.28 (-5.56%) // 90-day high: $0.61 // 90-day low: $0.26 // More

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

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1. The cryptocurrency market continued to take heavy losses. Bitcoin Cash ABC led the fall as it dropped more than 13 percent in 24 hours. Bitcoin continued its drop, falling below $3,100 per coin. In total, all of the top 20 coins by market valuation all lost. Ethereum also continued to plummet, falling 13 percent itself to reach its lowest total since May 2017. –COIN TELEGRAPH

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2. Scammers have sent bomb threats around the world in an effort to get bitcoin. They demand the cryptocurrency in exchange for not detonating a supposed bomb. So far, they have threated businesses, schools, and other populated locations in English-speaking countries. There is no evidence of any actual explosives, but the threats have caused evacuations in the United States, Canada, and New Zealand – and potentially elsewhere. –THE VERGE

Bitcoin-related bomb threats keep popping up
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3. PayPal has launched an internal blockchain-based employee incentive program. PayPal has avoided cryptocurrencies and blockchain to this point. There is belief that the employee program could be the beginning of a larger blockchain program. The employee platform rewards employees in cryptocurrencies, but they only have value inside of PayPal. Staff can earn tokens by joining innovation programs and contributing ideas. –CCN

PayPal using blockchain for employee program
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4. Abra will give customers $25 in bitcoin for free, but there is a catch. Buried in the fine print of the promotion is the kicker: To get the reward, investors must buy at least $1,000 of BIT10, the company's ETF-style token. While that does equal a 2.5 percent reward, but investors may end up losing that before they see the reward. BIT10 is made up of the top 10 cryptocurrencies, so if they drop, so does the return for investors. –THE NEXT WEB

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5. LinkedIn has named blockchain developer as the top emerging career. –COMPUTER WORLD

6. Blockchain – and its ability to verify transactions – was a hot topic at Miami Art Basel Week. –FORBES

7. Here's a look at the last 12 months of bitcoin (warning: it's not pretty). –MARKET WATCH

8. Bitcoin has lost 47 percent of its value in the last month alone. –COINGAPE

9. Litecoin does not need bitcoin to survive, one writer believes. –AMB CRYPTO

10. Porsche has arranged a $170 million loan using blockchain. –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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