Price Rebound / SEC Delay / Congressional Letter / Forks

Subscribe | View in browser $BTC (12:52 p.m. EST): $6,671.23 (3.77%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More… $BCH (12:53 p.m. EST): $479.42 (11.90%) // 90-day high: $872.84// 90-day low: $420.58 // More… $ETH (12:53 p.m. EST): $227.72 (8.21%) // 90-day high: $531.53 // 90-day low: $171.58 // More… $LTC (12:54 p.m. EST): $57.73 (6.35%) // 90-day high: $107.31 // 90-day low: $49.35 // More… $XRP (12:54 p.m. EST): $0.58 (57.15%) // 90-day high: $0.57 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The price of bitcoin jumped above $6,700 per coin on Friday for the first time in two weeks. Bitcoin's increase led an overall rally in the cryptocurrency market. The big winner, though, has been Ripple XRP, which has risen more than 68 percent this week alone. Stellar, tezos and cardano have also posted gains between 15 and 18 percent. The market cap for all cryptocurrencies is around $217 billion. –COIN TELEGRAPH       2. The US Securities and Exchange Commission has asked for more feedback on an ETF proposal from Van Eck Securities and SolidX Management. The SEC has already received more than 1,400 comments on the proposal, but plans to give commenters another three weeks to submit thoughts. The SEC has rejected previous ETF proposals over fears of bitcoin price manipulation. The agency wants to hear more views on the forces that effect the crypto market. –BLOOMBERG       Seamlessly access digital currencies today with Uphold!  Instantly invest, convert, and transfer 8 cryptocurrencies + 23 fiats + 4 precious metals. With Uphold, you can send any currency to anyone, instantly for free. You can even connect to US and EU bank accounts, credit cards, and 8 blockchain networks. Uphold is trusted, transparent, and fully reserved. Click here to sign up for free >>>       3. Five Republican representatives have written a letter urging the agency to update its guidance on federal tax obligations tied to cryptocurrencies. The group of lawmakers previously sent the IRS a letter expressing concern over the agency's decision to ramp up enforcement of cryptocurrency-related violations without adopting a "comprehensive virtual currency strategy." The lawmakers argue the IRS has not clarified its crypto strategy. The letter was signed by Kevin Brady (R-Texas), David Schweikert (R-Arizona), Lynn Johnson (R-Kansas), Darin LaHood (R-Illinois), and Brad Wenstrup (R-Ohio). –CCN       4. Amaury Sechet, the lead developer behind Bitcoin ABC, believes cryptocurrency forks will slow down considerably in the future. Sechet argued that each fork leads to the loss of the network effect in the original blockchain, reducing the ability to create future value. He added that the best forks come from compelling arguments that create interesting new chains. There are only so many projects, though, that can maintain that level of interest. –COINDESK       5. Fast Company highlights a group of women that are working to ensure that blockchain remains inclusive. –FAST COMPANY 6. Bitcoin miners have tried to stay positive amid dropping profits. –COINDESK 7. Despite bitcoin's struggles this year, investor Tim Draper has not backed down on his prediction the coin will hit $250,000 by 2022. –THE STREET 8. Reddit users discuss the value of bitmain's new mining chips. –REDDIT 9. An analyst explains why he believes ethereum will drop to $100. –FORBES 10. A Denial-of-Service vulnerability was recently found and patched in the code of the litecoin platform. –BITCOIN EXCHANGE GUIDE       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).       Dozens of analysts covering news on 2,000 coins in 24/7 realtime. Over 80,000 staff-written headlines. CryptocurrencyNewsfeed.com

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Sponsored by   September 21, 2018 SCALING PUSH: Efforts to scale the ethereum network may have gotten a turbo boost. Developer Alexey Akhunov has been working on a reboot of the popular ethereum client Geth -- dubbed "Turbo Geth" -- as a possible solution to some of etherum's scalability issues. In an exclusive with CoinDesk Akhunov said: "Querying the storage entries at a historical point in the contract is probably about 100x faster."  However, only the raw architecture is built out and will require considerable testing should it ever be considered for wider use. He added that Turbo Geth is by far not an optimal solution as “it would take about two weeks in order to sync with the blockchain.” Having built it single-handedly, he hopes to hand over the project to a larger team that can make the product more user-friendly. Full Story AND THUS IT BEGINS: After flip-flopping on its decision to reject nine proposals for a bitcoin exchange-traded fund (ETF), Thursday saw the SEC announce that it has yet to make a decision on another notable bitcoin ETF -- but it's getting closer all the same.  Earlier this year VanEck and crypto startup SolidX pitched the idea of the ETF and the Chicago exchange board sought approval from the SEC on whether or not to list the ETF.  The SEC has sought public opinion on the matter and, to date, has received 1,400 comments in response. Full Story NEW CHIP ON THE BLOCK: One of the top mining chip manufacturers, Bitmain, announced this week the release of a 7nm ASIC chip.  The announcement from Jihan Wu, Bitmain's CEO and co-founder, comes days after fellow mining firm Bitfury released a 14nm chip.  After his announcement at the World Digital Mining Summit, Wu added that the company is quickly moving into mass-production of the new chip. Full Story EOS saw high levels of on-chain transaction volume after its blockchain launch in June, but more recently, the degree of activity has substantially diminished. The average transaction count for July and August was 5 million, with a high of 8.7 million occurring on August 13. However, September is showing a drop off with some days dropping below 1 million transactions. For comparison, bitcoin has never experienced more than 1 million transactions per day. For more research insights check out the CoinDesk Research section here. SPONSOR SECTION   MBAex is SE Asia's biggest blockchain assets trading platform powered by blockchain technology which allows all merchants and consumers to conduct trading of popular blockchain assets and digital currencies. MBAex launched the world's first multi-tiered affiliates' program to enable everyone to grow their wealth with the Company.  ​Learn More Here   ALTCOIN BOOST: Sharp gains brought bitcoin's price up to $6,700, signifying a 16-day high. One possible culprit: recent interest around altcoins has added some wind to bitcoin's sails. Full Story BEST OF THE BEST FAST COMPANY: In this report, women in the crypto space say that one of the main problems they face is perception. “People think they can’t do it,” because it is considered a “tech” job, says Susan Joseph, co-founder of Diversity in Blockchain.  She believes that since blockchain is a fairly young industry, they have a chance of being more inclusive for minorities and women.  THE REST BUSINESS INSIDER: The outlet's Australian edition reported that crypto exchange Bit Trade and blockchain employment platform Emparta plan to create the world's first stablecoin pegged to the Australian dollar. While the protype is still weeks away from completion, they plan to launch the coin in early 2019. REUTERS: Fearing that Switzerland's Silicon Valley will be abandoned by crypto startups, the Swiss Bankers Association (SBA) has issued guidelines to banks who wish to work with the volatile startups. Reuters reported that 530 blockchain startups settled in and around Zurich and Zug.   We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk and sponsored by the Oxford Blockchain Programme. Listen to Latest Episode and Subscribe   WHO WON #CRYPTOTWITTER   ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk. All rights reserved. Our mailing address is: 250 Park Avenue South New York, NY, 10003, US Want to change how you receive these emails? You can update your preferences or unsubscribe from this list