Daily Coin Update - Thursday, June 7th 2018

Daily Coin Update Thursday, June 7th 2018 Coin Value 24h Change 24h Volume Mkt Cap (BTC) Bitcoin $7,714.90 +1.3% $5b $132b (ETH) Ethereum $614.43 +1.25% $2b $61b (BCC) BitConnect $0.6956 -5.8% $2k $7m (XMR) Monero $168.78 +1.77% $43m $3b (DASH) Dash $316.58 -0.29% $78m $3b (XRP) Ripple $0.6810 +1.11% $284m $27b (NEO) NEO $54.68 +0.92% $82m $4b Unsubscribe  |  Edit coins Missing something? Comments? Suggestions? Email me at ohad@ohadron.com coindailyupdate.com

📌 Bitcoin Cartels, Another Crypto Fraud, Bittrex Accepts USD

Welcome back to another edition of CoinSnacks.

MUST READS  In the World of Cryptocurrency, Even Good Projects Can Go Bad While scams proliferated in the unregulated world of virtual currencies over the last year, a company in Switzerland called Envion seemed to be one of the more legitimate outfits creating its own cryptocurrency. But like so many other projects that have pulled in millions of dollars through I.C.O.s, Envion is now melting down, with the people who created it accusing one another of fraud. There is no functioning business in sight. And investors are bonding on social media about how much they figure they lost on the project. Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars Now is a great time to start accumulating beat up projects on Bittrex that have upcoming milestones in 2018. The exchange announced that they will start granting traders the ability to exchange digital tokens for fiat, following a new alliance with Signature Bank and other yet to be confirmed banks. Although this will be available for corporate clients in only a few states, it could have a big impact on the exchange's trading volume. And we should start to see an influx of capital and new investors onto the platform. 🎨 When Crypto Meets Conceptual Art, Things Get Weird Kevin Abosch is turning the technology behind cryptocurrencies into art by stamping blockchain addresses in his own blood and selling a virtual neon Lamborghini.  DEEP DIVE  The State of the Ethereum Network After months of intense attention on blockchain technology and the Ethereum blockchain, Consensys pulled together statistics from across the network to provide a snapshot of Ethereum today, its past, and its roadmap ahead. 🎥 An Inside Look at Multicoin Summit's Invite Only Event Multicoin Capital (a favorite here at CoinSnacks) recently released a curated selection of panels and presentations from their summit in May. You can watch the videos here. Uncovering the Real Cartel in Bitcoin A long but interesting read from CryptoMedication accusing Bitfinex, Tether, Kraken, Barry Silbert (owner of DCG), Roger Ver, Erik Voorhees+the CME and many other actors in the market who appear to all be complicit in market manipulation of some sort.  SPONSORED  Amazon's new crypto plan? Recent evidence shows that Amazon may be on the verge of testing out it's own cryptocurrency. And Silicon Valley expert, Jeff Brown, has released a strategy that shows you two "backdoor" ways to profit from this extraordinary event without having to buy Amazon shares or a single cryptocurrency.  REGULATORY FRONT  🕵️ The SEC will mandate Security Tokens Thought leader Anthony "Pomp" Pompliano digs into how and why Security Tokens benefit regulators more than any other market participation.  CHART OF THE WEEK  Waltonchain (WTC) is currently forming a large triangle that looks poised to break out. IF it breaks down though, it could retest the .236 support, so we only want to buy once it breaks out of consolidation. The volume has also been recently increasing and WTC will have significant news released in the month of June. Other Articles You May Enjoy Leading US crypto exchange Coinbase to expand to Japanese market   Headphones maker monster is planning a $300 million ICO   Binance reveals plan for $1 Billion blockchain startup fund - waiting for ICO bubble to burst   Google searches for 'bitcoin' nosedive 75% this year as interest in struggling cryptocurrency wanes   Ripple donates $50 Million to 17 universities to boost blockchain, crypto adoption   Co-founder Rob Viglione of ZenCash (ZEN) offers some valid points and dispels a few misconceptions about recent 51% attacks   Fidelity is quietly building a cryptocurrency exchange: Report   Understanding the EOS mainnet launch Archives | Share News | Sponsor If you loved this newsletter, send it to a friend. If you hated it, send it to an enemy. The CoinSnacks weekly digest is a manually curated newsletter that delivers fresh content covering cryptoassets and the evolving blockchain community for investors around the world. The digest is curated by CoinSnacks employees and sent once a week. CoinSnacks | 5500 Military Trail Suite 22-250 | Jupiter, Florida | 33458 Unsubscribe | View in Browser

Japanese Rejections / David Stern / Panacea / Vietnam

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (1:48 p.m. EST): $7,521.37 (-1.13%) 90-day high: $11,849.50// 90-day low: $6,247.06// More… $BCH (1:48 p.m. EST): $1,113.97 (-2.69%) 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (1:49 p.m. EST): $599.01 (-1.56%) 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (1:49 p.m. EST): $119.27 (-1.45%) 90-day high: $251.03 // 90-day low: $111.31 // More… $XRP (1:49 p.m. EST): $0.66 (-2.06%) 90-day high: $1.20 // 90-day low: $0.47 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The Japanese Federal Services Agency will reportedly reject its first cryptocurrency exchange application. The office has approved the first 16 applications it has received since the country put in these regulations last year. The applicant, FSHO, was suspended twice earlier this year from carrying out crypto activities in the country and has received two business improvement orders. -BITCOIN.COM       Looking to run an ICO? David Siegel has been there, done that - join his Token Camp this July! “Nothing in the ICO world goes as planned. Ours didn’t. Yours won’t. A successful token sale requires skill, game theory, fast reflexes, and luck.” First, you need to read this complete guide on how to prepare a compliant and successful token offering! For an ad-free experience, upgrade to Inside Premium       2. Former NBA commissioner David Stern and a number of other notable sports figures have backed FanChain, a new sports-related cryptocurrency. FanChain comes from SportsCastr, a social entertainment platform that allows people to commentate on live sporting events. Users will be able to “tip” commentators they like using FanChain, along with purchase other goods and services inside the platform. Others investors include NFL player Vernon Davis, Syracuse University basketball coach Jim Boeheim, and retired NBA all-star Steve Smith. -FORBES       3. The National Telecommunications and Information Administration wants to help entrepreneurs use blockchain. A part of the Commerce Department, NTIA announced a notice of inquiry on Tuesday that asks respondents to recommend ideas for new policies for a host of areas around blockchain, along with other technologies. These policies will help the agency encourage growth and innovation in these areas. -COINDESK       4. Ripple CEO Brad Garlinghouse said bitcoin is not the “panacea” many thought it would become. Garlinghouse’s comments came in an interview Tuesday in his latest statement against bitcoin. Garlinghouse recently compared bitcoin to Napster, claiming it was a necessary failure on the road to innovation. "I think it's (bitcoin) not going to be the panacea that people once thought it would be, where it would solve all of these different kind of problems... Instead, you're seeing specializations of different kind of ledgers, different kinds of blockchains," Garlinghouse said. -CNBC       5. Vietnam’s Ministry of Finance has officially proposed a ban on the import of cryptocurrency mining equipment. Mining rigs can currently be easily imported into the country, but the government is now rethinking that policy following a crypto fraud case that scammed $656 million from more than 32,000 victims. –BITCOIN.COM       6. Bitcoin’s 30-day volatility index has hit a one-year low. The metric calculates the standard deviations of returns for the past one-month and two-month periods. Bitcoin is now at its lowest number since last May. -MARKETWATCH 7. Check out this podcast that explains the current state of bitcoin and cryptocurrencies. The show discusses the potential for new federal oversight and congressional scrutiny. -POLITICO 8. A San Francisco man was the target of a bitcoin scam. He relayed his story to a local television station, explaining he received an anonymous letter saying unless he paid more than $8,000 in bitcoin the perpetrator would “tell your wife your secret.” –ABC7NEWS 9. 51 percent attacks have increased in the past two months with more expected to come. These hacks, where nefarious developers take over a cryptocurrency’s blockchain, highlight the fact not all blockchain networks are as secure as they may claim. –BRAVE NEW COIN 10. Crypto startups have turned more toward YouTube to hype their coins. The move comes following several social media outlets banning cryptocurrency ads, causing startups that want attention to get creative to reach new audiences. -FORBES       From the Forums China’s recent acceptance of blockchain has sent mixed messages to the cryptocurrency community. One second the country bans cryptocurrency but now wants to invest in blockchain. Everyone is confused. A visual representation of the current price of bitcoin. The next episode of Vox’s Netflix show “Explained” will focus on cryptocurrency.       Brains and Chains: the AI & Blockchain Conference Join us at the AI and Blockchain Conference to explore these two cutting-edge technological trends. Top minds in AI and Blockchain will discuss how they can be utilized to create opportunities for innovative solutions. (June 28th, New York City). Register today

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