Thursday, January 24, 2019

Cboe Pulls Application / XRP Market Cap / Jamie Dimon

Subscribe | View in browser

$BTC (2:01 p.m. EST): $3,594.54 (-0.13%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More

$BCH ABC (2:01 p.m. EST): $129.27 (-3.52%) // 90-day high: $632.22// 90-day low: $80.95 // More

$ETH (2:02 p.m. EST): $116.62 (-1.24%) // 90-day high: $229.12 // 90-day low: $85.11 // More

$LTC (2:02 p.m. EST): $32.33 (0.36%) // 90-day high: $54.64 // 90-day low: $22.09 // More

$XRP (2:02 p.m. EST): $0.31 (-0.38%) // 90-day high: $0.53 // 90-day low: $0.28 // More

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

Facebook gray   Twitter gray   Email gray   Permalink gray

1. Cboe Global Markets has pulled its application for a bitcoin ETF because of the government shutdown. The withdrawal comes as the SEC was set to issue a decision, but would likely have had to delay, once again, as many of its employees are currently furloughed. Cboe said it would resubmit the filing at a later date. By resubmitting the application, Cboe would restart the clock for the SEC to review the application, but it would avoid the potential regulatory and legal hassles that would occur if the government remained furloughed through the legally mandated deadline the agency had to rule on the first proposal. –BLOOMBERG

Cboe Global Markets pulls bitcoin ETF application
Facebook gray   Twitter gray   Email gray   Permalink gray

2. A new report argues that XRP's market capitalization is billions less than what has been reported. Messari, a crypto data startup, said XRP's circulating supply is pegged at roughly 41 billion tokens. However, the firm argues that 19.2 billion of those coins "may be illiquid or subject to significant selling restrictions." In addition, Ripple, the company that created XRP, has pledged an addition 5.9 billion coins to co-founders that have not yet been delivered. All told, these factors mean XRP's market cap is overstarted by more than $6 billion, according to Messari's reasoning. –COINDESK

Facebook gray   Twitter gray   Email gray   Permalink gray
Ad

How is AI changing the way professionals work across industries? Find out from WIRED and Watson experts at the AI & Future Of Work Virtual Summit

Join this digital event to hear how AI is increasing productivity and allowing workers to focus on higher value tasks. Learn how you can harness AI to help your teams recognize opportunities you may not even know to look for! Register for the AI & Future of Work Virtual Summit today!

3. Robinhood has received approval to work in virtual currencies in New York. While Robinhood's crypto trading capabilities are now available in most of the country, the popular trading app wanted to receive approval from the New York Department of Financial Services before moving forward in the Empire State. Customers in New York can now purchase seven cryptocurrencies through Robinhood, including bitcoin, ether and litecoin. –CCN

Robinhood receives approval to work in New York
Facebook gray   Twitter gray   Email gray   Permalink gray

4. JP Morgan Chase CEO Jamie Dimon predicted bitcoin's downfall but he has refused to take a victory lap. When asked if he took any satisfaction in bitcoin's dramatic price drop in the past year, Dimon said he "didn't take any." Dimon's comments came at the World Economic Forum in Davos, Switzerland. He did add that JP Morgan has used bitcoin's underlying technology blockchain. "Blockchain is a real technology — it's just a database we can all access that's kept up-to-date," he said. –CNBC

Dimon not taking joy in bitcoin's demise
Facebook gray   Twitter gray   Email gray   Permalink gray

Throwback Thursday

In September of 2017, Dimon called bitcoin "a fraud" and threatened to fire any of his employees that traded in the cryptocurrency. His comments came just as the price of bitcoin was taking off, making him enemy numero uno in the cryptocurrency community for a few weeks. Since then, Dimon has praised the blockchain, while bashing the cryptocurrency, although at times he has taken a more defeatist attitude. At one point he simply said he "didn't give a s***" about cryptocurrency. It seems since his made his famous comment, his biggest issue with cryptocurrency is people keep asking him about it when he would rather talk about other things.

Throwback Thursday looks at some of the most historically relevant moments for cryptocurrency. Have an idea for a future one? Hit reply to this email. –David

Facebook gray   Twitter gray   Email gray   Permalink gray
Ad

How is AI changing the way professionals work across industries? Find out from WIRED and Watson experts at the AI & Future Of Work Virtual Summit

Join this digital event to hear how AI is increasing productivity and allowing workers to focus on higher value tasks. Learn how you can harness AI to help your teams recognize opportunities you may not even know to look for! Register for the AI & Future of Work Virtual Summit today!

5. Most major coins saw slight increases in price over the last 24 hours. –COIN TELEGRAPH

6. Roughly 20 percent of all bitcoin nodes that currently exist are in Germany. –CHEPICAP

7. The difference between bitcoin and other crypto assets is soundness and stability. –FORBES

8. Litecoin has adopted a new logo that was first seen as part of the Litecoin Foundation's sponsorship deal with the UFC. –AMB CRYPTO

9. Bitcoin SV developers removed the length limit on the op_return function in order to save space. –COINGEEK

10. Blockchain and artificial intelligence are a match made in heaven as blockchain can give additional security to cloud systems that us AI. –FORBES

Facebook gray   Twitter gray   Email gray   Permalink gray

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).

Facebook gray   Twitter gray   Email gray   Permalink gray
Copyright © 2019 Inside.com, All rights reserved.

Our mailing address is:
Inside.com
767 Bryant St. #203
San Francisco, CA 94107



Did someone forward this email to you? Head over to inside.com to get your very own free subscription!

You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.