ErisX / Venezuela / Blockchain Definition / Beer

Subscribe | View in browser $BTC (1:59 p.m. EST): $6,578.77 (1.11%) // 90-day high: $8,245.16 // 90-day low: $5,889.64/ / More… $BCH (1:59 p.m. EST): $518.59 (0.49%) // 90-day high: $872.84// 90-day low: $420.58 // More… $ETH (2:00 p.m. EST): $223.17 (0.98%) // 90-day high: $531.53 // 90-day low: $171.58 // More… $LTC (2:00 p.m. EST): $58.47 (1.80%) // 90-day high: $107.31 // 90-day low: $49.35 // More… $XRP (2:00 p.m. EST): $0.53 (1.20%) // 90-day high: $0.57 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. TD Ameritrade will back a new cryptocurrency exchange. Eris Exchange, a Chicago-based derivatives market, will officially run the platform, named ErisX. Users will be able to trade bitcoin, ether, bitcoin cash and litecoin. The exchange will also offer futures contracts. TD Ameritrade is one of the financial institutions backing the venture, alongside DRW Holdings and Virtu Financial. –BLOOMBERG       2. Bitcoin continues to be the dominant cryptocurrency in Venezuela. Despite reports that dash was growing in popularity in the economically turbulent nation, numbers from LocalBitcoins suggest otherwise. In the last two weeks, 898 and 877 BTC changed hands. Locals have turned to cryptocurrency as the country's fiat currency has rapidly lost value. Eduardo Gomez, the head of support of Purse.io, said reports that dash was being used were false. "Snake oil," he tweeted. "Nobody uses it for payments down here." –BITCOINIST       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. US Reps. Doris Matsui (D-California) and Brett Guthrie (R-Kentucky) have proposed a bill to create an official definition of blockchain. Called the "Blockchain Promotional Act 2018" in the House of Representatives, the bill calls on the Commerce Department to create a working group to form a common definition of blockchain. Previous bills that mentioned blockchain routinely had different definitions that could lead to confusion. –COIN TELEGRAPH       4. Oracle will demonstrate its blockchain technology later this month with beer. At the company's Code One conference in San Francisco, Bay Area brewer Alpha Acid Brewing will showcase its beer made with fresh local ingredients. The brewer will show how Oracle's blockchain applications, which Alpha is currently beta testing, can track – and even improve – the brewing process supply chain. –SF EATER       CryptocurrencyNewsfeed.com -- News Terminal for Crypto Traders View a live demo -- no login or credit card required! -- The world's first crypto news terminal covering 2,000 coins. Take action before the crowd and profit with faster news. Up-to-the-second precision. We are always first with 20 analysts working around the clock. Click here for a no-login-required demo!       5. Bloomberg tracks bitcoin's 10-year history in one awesome chart. –BLOOMBERG 6. An analyst believes there is a "chronic lack of demand" for bitcoin. –MARKET WATCH 7. Acinq, a leading startup working on the lightning network, has raised $1.7 million. –COINDESK 8. Thieves impersonated government officials in an effort to take bitcoin from retail investors. –CCN 9. Bitcoin will cross $10,000 … next year, says noted investor Michael Novogratz. –AMB CRYPTO 10. One analyst warns that bitcoin could sharply drop in price in the near future. –THE EXPRESS       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 Know the FATCA requirements, register now for our AP Tax Compliance webinar with KPMG.

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📰 CoinSheet - October 4, 2018 📰

Insurance = funds are saifu

October 4, 2018 Parting is all we know of heaven, and all we need of hell. -Emily Dickinson CoinSheet #216 Your providers do the best they can to keep spam out, but sometimes the systems they use mistakenly catch good mail along with it. So, we ask that you add us to your trusted list of senders. COIN BULLETIN THE WINKLEVOSS' BROTHERS ARE INSURED The Winklevoss' brothers' Gemini Trust has obtained insurance coverage for its digital asset custody business from a consortium of insurers (Source). What do we think? Dmitriy One of the joys of holding cryptocurrency is being your own bank. This is also the biggest risk. If you hold cryptocurrency you're a pioneer in this space. You think Marco Polo, or Jacque Cousteau, or Lewis & Clark had insurance?  No? You goddam right (I actually don't know, I'm not a historian, but let's leave it for emphasis). Securing ones private keys is the responsibility of the owner and this comes with a set of advantages and disadvantageous. If you think about it, it almost seems silly to blend the notion of "insurance" and "digital peep-to-peer asset." At what point does insurance begin to undermine the reason cryptocurrencies were created for in the first place? That's what the angel on my shoulder who keeps whispering "in it for the technology" is saying. His buddy in the red is saying you can't have moon lambos without insured on-ramps for big money. TL;DR - Just some casual bullish signaling, not that big a deal. Follow Dmitriy on Twitter at @Dmitriysz Kunyi One more layer of private insurance on top its existing FDIC coverage is good news for users of Gemini's exchange and custodian services. Meanwhile, I'm only cautiously optimistic about how big of a step forward this is for driving institutional adoption. The money management industry is ultra-conservative and moves at a glacial pace. For most of the traditional players I talk to, only names like BNY Mellon or State Street stepping into the game would get them over the hurdle to deploy into crypto. Without a doubt these behemoth custodian banks are not ignoring the potential revenue from this new asset class and are making serious moves. I'm not a a fan of the logic of the "supply creates its own demand" saying but I think it's how it will play out in institutional crypto. As for how it would happen, don't be surprised when you read about an acquisition or a joint venture between a Gemini or Kingdom Trust with a traditional behemoth -- and more insurance or better fraud detection is just one more step towards that outcome. Follow Kunyi on Twitter at @kunyi11 Arjun That's tight I guess...but Coinbase has had hot wallet insurance for years so idk what all the hullabaloo is about. Follow Arjun on Twitter at @arjunblj How do you guys like this format? Reply with your thoughts and/or topics you might want us to cover. ANNOUNCEMENTS BACK IN NYC (Dmitriy). Flying next week to SF for that Blockchain Week. Very good stuff. Much approve. Wow. If you're interested in learning more about the goings on: http://sfblockchainweek.io/ Help Raise The Tide Of Crypto Invite Your Friends Unique Link:https://www.coinsheet.org/coin/?mwr=5038-29a415ca Subscribe Thank you for reading. Our mailing address is: CoinSheet 427 N Tatnall St #84981 Wilmington, DE 19801 Add us to your address book Tired of getting emails from us? You can update your preferences or unsubscribe from this list.