Crypto Plunge / Bitwise ETF / Tobacco Shops / New York

Subscribe | View in browser $BTC (1:00 p.m. EST): $3,670.56 (-9.03%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More… $BCH ABC (1:00 p.m. EST): $134.29 (-15.80%) // 90-day high: $632.22// 90-day low: $80.95 // More… $ETH (1:01 p.m. EST): $127.60 (-15.57%) // 90-day high: $229.12 // 90-day low: $85.11 // More… $LTC (1:01 p.m. EST): $33.29 (-15.22%) // 90-day high: $54.64 // 90-day low: $22.09 // More… $XRP (1:01 p.m. EST): $0.33 (-9.70%) // 90-day high: $0.53 // 90-day low: $0.28 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. The price of cryptocurrencies tumbled early Thursday with a number of major coins, including bitcoin, suffering significant losses. Bitcoin was down more than 10 percent, as ethereum, bitcoin cash, litecoin, and XRP are all seeing double-digit losses. Cardano was the worst performer among top coins dropping more than 18 percent. The drop came over a quick five-hour period. Over the past 24 hours, approximately seven percent has fallen off the total market capitalization of the industry. Experts are still trying to figure out the reason behind the collapse. –COINDESK       2. Bitwise, a cryptocurrency asset management firm, has submitted a bitcoin ETF filing to the Securities and Exchange Commission. The new filing is for a physically backed bitcoin ETF listed on the NYSE Arca exchange. Bitwise, which had a bitcoin ETF filing rejected in 2018, created this proposal with the SEC's concerns about price manipulation in mind. In particular, Bitwise has proposed using a price index that aggregates data from many of the platforms in the industry. –BITCOINIST       Ad Intelligence is creating stronger connections. Today's world generates 2.5 quintillion bytes of data every day. Sifting through that much available information is hard. Micron is helping analyze that data to create stronger connections between AI, organizations, and most importantly, people.​​ Learn More. 3. French tobacco stores have begun selling bitcoin. With the backing of Keplerk, a French fintech company, six tobacco stores in Paris have begun selling the cryptocurrency. For the stores, it is a way to generate additional revenue as cigarette sales continue to drop. "Some people find it complicated to get bitcoins on-line," Keplerk co-founder Adil Zakhar said. "They trust their local tobacco shop owner more than they would trust some remote anonymous website." While French regulators have warned citizens about buying cryptocurrency, they have not made an effort to stop these stores from selling bitcoin. –REUTERS       4. The New York City Economic Developer Corporation was set to open its Blockchain Centerin Manhattan on Thursday. The center is part of a partnership between Future/Perfect Ventures and the Global Blockchain Business Council. Located in the Flatiron District, the center will offer blockchain coding classes, host lectures for software developers, and generally act as a home for blockchain development information in the city. –PAYMENTS SOURCE       Ad Meet monday.com - The #1 project management tool for teams!  This tool simplifies the way teams work: You can manage, plan and track projects in one collaborative space. monday.com is a super flexible tool. It's fun to work with and easy to use. Start your free trial now! 5. ConsenSys has partnered with Black Girls Code to establish a blockchain training program for young women of color. –FORBES 6. Blockchain could open up the art world to more artists and more buyers. –WIRED 7. VIDEO: Normal people attempt to explain how bitcoin works. –BITCOINIST 8. The demand for ethereum on decentralized financial platforms continues to grow. –INVEST IN BLOCKCHAIN 9. Smartereum looks at the upcoming Constantinople upgrade and how it will effect the ethereum blockchain going forward. –SMARTEREUM 10. 1xBit has added XRP to its gambling platform. –CRYPTOGLOBE       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).       Ad Owl Labs is the creator of the Meeting Owl, the first 360-degree smart conference camera. Learn more.

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