Cryptos Drop / Bitfury / Saudi Crypto Pilot / Russian Clap Back

Subscribe | View in browser $BTC (12:11 p.m. EST): $3,582.97 (-0.29%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More… $BCH ABC (12:11 p.m. EST): $123.48 (0.01%) // 90-day high: $632.22// 90-day low: $80.95 // More… $ETH (12:12 p.m. EST): $118.07 (-0.97%) // 90-day high: $229.12 // 90-day low: $85.11 // More… $LTC (12:12 p.m. EST): $31.21 (0.23%) // 90-day high: $54.64 // 90-day low: $22.09 // More… $XRP (12:12 p.m. EST): $0.32 (0.47%) // 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 cryptocurrency market lost about $6 billion in value early Monday. Bitcoin faced a sell-off, dropping below $3,500 per coin on some exchanges. Other coins felt the pinch as well, in particular ethereum and litecoin. The price of ethereum continues to be hit following the decision to delay the Constantinople hard fork. While the fork has largely been seen as a long-term improvement for the network, investors have been unsure how to handle the news in the short term. Despite these early drops, though, the prices began to recover around midday, offsetting some of the losses. –FORBES       2. The Bitfury Group has launched a music and entertainment division that will create an open-source music platform secured by blockchain. Called SurroundTM, Bitfury's new platform attempts to streamline the secure transfer of copyright assets, including better monitoring and management systems. To do so, it will create a digital system for sharing and monetizing intellectual property, so artists get fairly compensated for their creations. The tool will also provide transparent management functions and trusted data, Bitfury said. –REUTERS       Ad An Insane Credit Card Offering 0% Interest Until 2020 This jaw-dropping card is offering 0% APR for 14 Months and 5% back in rotating categories. Pay no interest until 2020 and double your cash back. 3. The governments of Saudi Arabia and the United Arab Emirates will create a joint cryptocurrency. The Executive Committee of the Saudi-Emirati Coordination Council announced a pilot project for a cross-border digital currency that will be strictly targeted for banks at an experimental phase. The goal is to better understand the implications of blockchain technology and its use between different nations. The group did not provide any other details, including a potential launch date. –ETHEREUM WORLD NEWS       4. Economist Vladislav Ginko doubled down on his belief that the Russian government plans to buy billions of bitcoin. Just days after Ginko's initial prediction, Elina Sidorenko, chair of the Russian government's crypto group, denied the report saying the country was not in position to invest sharply in bitcoin. Ginko, in responding to these comments and others made in the crypto community, said Russia's denials were "ridiculous." "I ask: WHO denies? Vladimir Putin? If you track my previous statements about Russia's moves then you will see strong correlation between these two things," Ginko tweeted. –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. 5. Binance has added new trading pairs for Bitcoin Cash ABC and Bitcoin SV. Each will be paired with three different stablecoins: USDC, TrueUSD, and Paxos Standard. –DAILY HODL 6. Marcus Hughes, the United Kingdom lead counsel for Coinbase, expects a number of European countries to institute cryptocurrency regulations this year. –FORBES 7. Rapper Soulja Boy, who released a song titled "Bitcoin" last year, said bitcoin's best days are in the rearview mirror. –NEWS BTC 8. Here is an odd list of 13 celebrities that own cryptocurrency. The list includes, among others, Gwyneth Paltrow, Paris Hilton, and Pitbull. –BUSINESS INSIDER 9. Bitcoin could be given the same legal status as money in Wyoming. –AMB CRYPTO 10. The US Department of Health and Human Services got the go-ahead last month to use blockchain for acquisitions. –FEDERAL NEWS NETWORK       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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