Tuesday, August 14, 2018

Special CoinSnacks Announcement

Dear Readers,

We've got some exciting news to share with you.

For the very first time, we're doing a giveaway.

And not just any giveaway...

We're giving folks the chance to win $100 of bitcoin

We like crypto, you like crypto – so it's about time to put our money where our mouth is. 💰

Nine months ago bitcoin (BTC) was worth 300% more than it is now. And if you're like us, you know it won't stay this cheap forever. 

Who's to say this $100 of BTC doesn't quickly transform into double or triple that amount?

All you have to do is click this link to get started

And, once you enter, you don't have to stop there. 

There are a bunch of ways to get even more entry points to increase your chances of winning. 

Check out the giveaway page here for more details. 

Best of luck,

The CoinSnacks Team

🗓️ P.S. Be sure to get your submission in by midnight September 15th, and maybe invite a friend or two (or 100) to increase your chances of winning.

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Ethereum Plunge / Roger Ver / Communist / Fantasy Football

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

$BTC (1:35 p.m. EST): $6,094.53 (-2.95%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More

$BCH (1:35 p.m. EST): $486.85 (-10.80%) // 90-day high: $1,663.91// 90-day low: $486.85 // More

$ETH (1:35 p.m. EST): $259.88 (-11.74%) // 90-day high: $790.72 // 90-day low: $259.88 // More

$LTC (1:36 p.m. EST): $51.66 (-9.83%) // 90-day high: $162.87 // 90-day low: $51.66 // More

$XRP (1:36 p.m. EST): $0.26 (-9.48%) // 90-day high: $0.86 // 90-day low: $0.22 // More

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

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1. Ethereum hit its lowest price in nine months as the cryptocurrency market struggled again early Tuesday. Ethereum fell below $300 while bitcoin briefly dipped below $6,000 per coin. Ethereum has lost approximately 30 percent of its value in the last month as altcoins, in general, have struggled to keep their price. Bitcoin cash dropped significantly as did XRP. –COIN TELEGRAPH

Ethereum hits lowest price in nine months
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2. Bitcoin.com CEO Roger Ver hinted at a possible ICO. The mention comes after his site unveiled a new tool that allows developers to issue tokens on the bitcoin cash blockchain. Ver said in a video that the creation of the Wormhole Cash protocol, which allows for token creation on bitcoin cash, would create new opportunities for developers, including for his site. –COIN TELEGRAPH

Roger Ver may hold an ICO for Bitcoin.com
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3. The Communist Party of China has released a primer on blockchain. The book will serve as a guide for Chinese government authorities to understand the concept of distributed ledger technology, along with how they can consider the benefits and challenges of adopting blockchain on a national scale. -COIN TELEGRAPH

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4. Square will now allow customers in all 50 states to buy and sell bitcoins via its Cash App. The service launched earlier this year but was not available in New York, Georgia, Hawaii and Wyoming due to their more restrictive regulation regarding bitcoin transactions. Square recently received a "BitLicense" in New York, and had previously worked with regulators in Wyoming to get its service approved the state. The company did not say what conditions it had to meet to offer trading in Georgia and Hawaii. –COINDESK

Square to accept bitcoin in all 50 states
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5. A fantasy football league will use blockchain in an effort to keep competitors honest, as they compete for prize money. Known as the Crown League, the competition will use blockchain to maintain the integrity of transactions, standing and payments. It is being started by Dan Nissanoff, a 52-year-old businessman who thinks the league could one day replace traditional fantasy league. -CNN

Fantasy football league to use blockchain
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6. A team at Northwestern is testing a solution that could help bitcoin scale. The team, working in conjunction with BioXroute Labs, has created an infrastructure that compresses the information on the blockchain before sending a transaction, allowing it to move faster. By doing so, the group wants to more directly send transactions within the decentralized network, essentially increasing the block size to speed up transactions. –MARKET WATCH

7. The Winklevoss twins continue to plow ahead with the Gemini Exchange while working on a bitcoin ETF. The brothers believe Wall Street will one day accept bitcoin, it is just taking longer than expected. –NEWS BTC

8. Noted crypto researcher Nick Szabo said a bitcoin ETF may be more trouble than it is worth. Szabo believes an ETF would bring in new investors who would add to the volatility of the market. -BITCOINIST

9. The South Korean government will invest $4.4 billion in eight sectors, including blockchain. The money will be used to support companies creating innovative technologies that can hopefully grow and create jobs. –COIN TELEGRAPH

10. An analyst believes the Bakkt venture from Starbucks and Microsoft could make bitcoin more mainstream. Any project that brings the concept of cryptocurrencies as a payment vehicle will help overall growth, especially one of this size. -FORBES

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From the Forums

Beware of Etherescanner.app.

A message from Charlie Lee.

About bitcoin dipping below $6K.

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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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