Mining Struggles / Polkadot / Samsung Galaxy / Ethereum Scams

Subscribe | View in browser $BTC (12:38 p.m. EST): $3,593.90 (0.07%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More… $BCH ABC (12:38 p.m. EST): $127.75 (-0.84%) // 90-day high: $632.22// 90-day low: $80.95 // More… $ETH (12:38 p.m. EST): $116.40 (-0.20%) // 90-day high: $229.12 // 90-day low: $85.11 // More… $LTC (12:39 p.m. EST): $32.49 (0.71%) // 90-day high: $54.64 // 90-day low: $22.09 // More… $XRP (12:39 p.m. EST): $0.31 (-0.58%) // 90-day high: $0.53 // 90-day low: $0.28 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Bitcoin currently costs more to mine than it is worth, according to report from JPMorgan Chase. Some miners, particularly those in China, can still make a profit by leveraging direct power purchasing agreement with electricity generators, but for more miners the costs outweigh the benefit. The report said that bitcoin's price drop from $6,500 per coin late last year to below $4,000 has shrunk margins too low. As a result, JPMorgan expects more high-cost production operations to quit, or at least stop mining until the price rebounds since most of the cost associated with mining is tied to electricity consumption. –BLOOMBERG       2. Blockchain startup Polkadot plans to raise $60 million through an ICO. If Polkadot can raise the money it intends, the company's tokens would hold a value of $1.2 billion. It previously raised more than $145 million through a token sale in October of 2017, although it has had $98 million of ether frozen due to a bug in Parity wallets. Polkadot is a blockchain interoperability protocol that saw its first PoC go live this past May. –COINDESK       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. The Samsung Galaxy S10 will come with a cold wallet already installed, according to leaked images. Benjamin Geskin, a well-known serial mobile leaker, said the wallet would support ethereum. Other cryptocurrencies could be supported as well, but that is still unknown at this time. Samsung initially denied that it had plans to offer a cold wallet on the phone, as recently as last year. The company, though, had applied for a trademark for a cryptocurrency wallet in the United Kingdom. –SMARTEREUM       4. Scammers stole an estimated $36 million in ethereum last year, more than double the total from 2017. According to a report from Chainalysis, the scams last year were more sophisticated, bigger in scale, and more lucrative. The total number of scams actually dropped last year, but were able to bring in much larger profits compared to previous years. The report said the most common ethereum scams were ICO "exit scams," Ponzi schemes and phishing attacks, the last of which accounted for more than 88 percent of scam profits in 2017. –COIN TELEGRAPH       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. Major cryptocurrencies continue to trade sideways. –COIN TELEGRAPH 6. RealBlocks, a blockchain-based real estate startup that allows investors to purchase micro-shares in private equity funds, has raised $3.1 million. –THE REAL DEAL 7. ORS Labs said that 5 percent of ethereum's total supply was transferred on December 1 of last year. –AMB CRYPTO 8. Bitcoin's volatility has fallen to its lowest point since mid-November, according to data from Blockforce Capital. –FORBES 9. Ripple CEO Brad Garlinghouse said he remains bullish on bitcoin because of its inherent utility. –NEWS BTC 10. There has been a recurring theme at the World Economic Forum in Davos: We want blockchain, but not cryptocurrency. –ETHEREUM WORLD NEWS       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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