Thursday, January 3, 2019

Bitcoin Birthday / Ethereum Rise / BUIDL / Task Force

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ICYMI: Check out Inside Bitcoin's year-end recap with a roundup of what we believe are the 25 top cryptocurrency stories from 2018.

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$BTC (1:12 p.m. EST): $3,829.93 (-1.59%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More

$BCH ABC (1:12 p.m. EST): $160.81 (-3.16%) // 90-day high: $632.22// 90-day low: $80.95 // More

$ETH (1:12 p.m. EST): $147.43 (-2.77%) // 90-day high: $229.12 // 90-day low: $85.11 // More

$LTC (1:13 p.m. EST): $31.65 (-3.74%) // 90-day high: $54.64 // 90-day low: $22.09 // More

$XRP (1:13 p.m. EST): $0.35 (-3.54%) // 90-day high: $0.53 // 90-day low: $0.28 // More

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

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1. Happy birthday, bitcoin. The first bitcoin appeared 10 years ago today with the mining of the genesis block. Some in the crypto community celebrate bitcoin's birthday on October 31 – the date Satoshi Nakamoto published the famous bitcoin white paper. It was today, though, that Nakamoto received 50 bitcoin for mining the first block. Of course, mining was a lot easier back then. –DIGITAL TRENDS

Bitcoin celebrates 10th birthday
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2. Ethereum has regained its spot as the second-most valuable cryptocurrency by market cap. Following a 19 percent increase on Wednesday, ethereum surpassed XRP behind bitcoin. The price increase comes just about two weeks before the Constantinople hard fork is scheduled to take place, a fork that Binance confirmed it will support. Ethereum developers have also announced plans to dramatically cut the coin's need for energy. –MINEABLE

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3. 2018 was about "BUIDL," where everything improved and grew in the bitcoin universe – except the price. "Those of us who are dedicated to this system shall continue to BUIDL and add value; we have no control over the market but I expect that it will catch up to us sooner or later," wrote commentator Jameson Loop in a retrospective of bitcoin in 2018. The term BUIDL – a play on the HODL misspelling – began to gain more steam late last year to describe the cryptocurrency community's advancements in the wake of a dropping price. –BITCOINIST

2018 was about BUIDL
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4. New York State has launched a cryptocurrency task force aimed at helping the government better understand the backing technology. The task force will be made up on technologists, consumers, institutional and retail investors, and academics. There is belief that the task force will ultimately help the state update its BitLicense, which was first created four years ago. –COINDESK

New York State launches crypto task force
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5. Craig Wright took to Twitter to call Andreas Antonopoulos, a Greek-British bitcoin advocate, an "anarchist priest" for advocating what Wright believes are false notions about bitcoin. –AMB CRYPTO

6. The Street looks at some upcoming bitcoin regulation this year, including the further approval of bitcoin future's contracts and universal enforcement of anti-crime laws. –THE STREET

7. Another 12 companies have adopted Ripple XRP's cross-border payment solution, xRapid. –DAILY HODL

8. Some underlying numbers show that bitcoin is, in fact, stronger than ever. –ETHEREUM WORLD NEWS

9. Bitcoin compares well to traditional assets over its 10 years in existence. –COIN TELEGRAPH

10. Blockchain is about to get really boring. –THE MIT TECHNOLOGY REVIEW

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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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