Thursday, June 14, 2018

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Steve Bannon / Ripple / Fake News / William Shatner

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Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms:

$BTC (2:20 p.m. EST): $6,695.52 (5.54%) // 90-day high: $11,849.50 // 90-day low: $6,247.06/ / More

$BCH (2:20 p.m. EST): $898.68 (7.89%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (2:21 p.m. EST): $519.72 (10.09%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (2:21 p.m. EST): $101.60 (8.91%) // 90-day high: $251.03 // 90-day low: $93.45 // More

$XRP (2:21 p.m. EST): $0.56 (6.93%) // 90-day high: $1.20 // 90-day low: $0.47 // More

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

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1. Former White House chief strategist Stephen Bannon has invested in bitcoin and bitcoin-related companies. Bannon confirmed that he had had private meetings with cryptocurrency investors and hedge funds where he discussed working on ICOs through his investment business, Bannon & Company. He remained quiet, though, on the specific nature of these projects, worried the current stigma around his name could torpedo their work. He did say that he currently has a “good stake” in cryptocurrency. –THE NEW YORK TIMES

Steve Bannon moves into crypto space
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2. Ripple continued its philanthropic push with a $2 million donation to the McCombs School of Business at the University of Texas. The donation will be used to fund research in blockchain technology in an effort to create job-creating technologies. Texas is one of 17 academic institutions to receive funding through a $50 million blockchain education fund that Ripple created. –DAILY TEXAN

Ripple donates $2 million to UT
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3. While the price of cryptocurrencies rebounded some on Thursday, there are still long-term fears that the price could fall again soon. Prices fell Wednesday, coinciding with the publication of a research paper that claims 2017’s price spike came as the result of price manipulation. Analyst Tone Vays believes bitcoin could go a little below $5,000 per coin before the crash stops. Other analysts have suggested that $6,000 is the low point. This comes after bitcoin traded near 20,000 toward the end of last December. -INVESTOPEDIA

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4. New York financial regulators have approved Steller Lumens for trade. The cryptocurrency can now be bought and sold on the ItBit exchange. ItBit originally just sold bitcoin to institutional investors, but also received approval from New York’s Department of Financial Services to add bitcoin cash, ethereum, and litecoin to its platform. -FORTUNE

Exchange gets blessing to sell Stellar
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5. A company has built a Chrome browser extension that identifies “fake news” websites. Eyeo, the extension’s German-based creator, has been working with MetaCert Protocol, which runs an anti-fraud URl registry. That registry will be run on blockchain as part of this project, complete with a new protocol and built-in game mechanics to reward submission. MetaCart tokens will also be issued to track rewards and mitigate the risk of bad actors spoiling the data. –TECH CRUNCH

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6. Actor William Shatner has aligned himself with Solar Alliance, a company that wants to build a solar-powered bitcoin mining facility. The company, based in Canada, will use an existing factor in Murphysboro, Illinois, to host a solar panel array. Miners can then rent space in the facility, taking advantage of cheaper energy costs. Shatner has been critical of cryptocurrency in the past, but is now lending his name to the project. "The concept is so, I guess the word is bizarre,” he said. “You have to blank your mind and say, 'What is blockchain, again? How does mining operate, again?' The concepts are really strange, and yet when you begin to grasp it, it makes sense.” -COINDESK

Shatner involved in mining operation
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7. Two Chinese bitcoin magnates are arguing over a 30,000 bitcoin debt. The alleged debt goes back to 2013 when one allegedly lent the coins to the other to start an online bitcoin casino. -COINDESK

8. Meet Bitcoin Core (BTCC): A cryptocurrency by trolls, for trolls. The coin is a hard fork of a hard fork of bitcoin cash, and was created to undermine Roger Ver, the owner of Bitcoin.com and an ardent bitcoin cash supporter. -COINDESK

9. Bitcoin’s crash could affect the stock market, an analyst believes. There is a fear that bitcoin’s bursting bubble could spill over into equities. -CNBC

10. Blockchain could one day help academic institutions avoid fraud. Universities could create a verified blockchain of alumni that stops people from falsely claiming they graduated from the school. -FORBES

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From the Forums

Reddit reacts to the William Shatner news. They’ve got jokes.

Tim Draper continues to buy more bitcoins.

Some thoughts on the price manipulation paper.

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