Russian Denial / Academia Project / Coinstar / Devvio

Subscribe | View in browser $BTC (1:04 p.m. EST): $3,658.15 (0.01%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More… $BCH ABC (1:04 p.m. EST): $130.58 (0.56%) // 90-day high: $632.22// 90-day low: $80.95 // More… $ETH (1:05 p.m. EST): $122.75 (-0.74%) // 90-day high: $229.12 // 90-day low: $85.11 // More… $LTC (1:05 p.m. EST): $31.33 (-1.65%) // 90-day high: $54.64 // 90-day low: $22.09 // More… $XRP (1:05 p.m. EST): $0.32 (-0.62%) // 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 Russian government denied a claim that it plans to buy billions of dollars of bitcoin to offset economic sanctions from the United States. Elina Sidorenko, chairperson of an interdepartmental working group of the State Duman for managing risks, said the report is without merit. "The Russian Federation, like any other country in the world, is simply not ready today to somehow combine its traditional financial system with cryptocurrencies," she said. Vladislav Ginko, a Russian economist, made a claim last week that the Russian government would use discretionary funds to buy a large amount of bitcoin. –ETHEREUM WORLD NEWS       2. Professors from seven universities, including MIT and Stanford, have joined together to create a digital currency. The goal is to create a coin network that can create faster transaction speeds far above bitcoin. Known as Unit-e, the project is the first initiative of Distributed Technology Research, a non-profit foundation with backing from Pantera Capital Management. The organization plans to launch its coin in the second half of this year with the hope of reaching 10,000 transactions per second. –BLOOMBERG       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. Coinstar plans to allow customers to purchase bitcoin from some of its kiosks in California, Texas, and Washington. A regular sight in grocery stores, Coinstar counts loose change and turns it into gift cards. As part of its bitcoin service, Coinstar will partner with ATM startup Coinme. The service will be available at Coinstar kiosks in Safeway and Albertsons stores, although the company did not say how many of its 20,000 kiosks would be enable with bitcoin purchasing ability. –GEEK WIRE       4. Blockchain startup Devvio claims its new protocol can handle more than 8 million transactions per second. The protocol, simply called Devv, was unveiled and demonstrated last week at the Consumer Electronic Show. If the claims are true, Devv would be able to compete with traditional financial networks in terms of scalability, but be far less expensive to use. It would also help answer some of the larger scaling challenges the cryptocurrency world has faced. Devvio uses Proof of Validation, a consensus mechanism similar to Proof of Authority, where validators collect transactions and randomly take turns proposing new blocks on a chain. –COMPUTER WORLD       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! Throwback Thursday The delay to the Constantinople upgrade on the ethereum blockchain brought back memories of the challenges the crypto community faced last year in launching Segregated Witness. As CoinDesk reported, so far only 36 percent of all bitcoin transactions actually use it – more than 16 months after it went live. The reason behind the low adoption can be complicated, but it mostly comes down to SegWit's backward compatibility. Those that do not use SegWit are not harshly penalized, as the same software can follow the same network only under a less-restricted ruleset. As a result, a large portion of the community has put off making the switch. Every Thursday, we'll revisit a news story or innovation from the past. If you have a suggestion for a Throwback Thursday feature, or anything else you'd like to see us cover, hit reply to this email! -David       5. The Next Web has a handy guide on bitcoin mining pools – how they work, what are the benefits, and how to get started. –THE NEXT WEB 6. Joe Lubin, one of the co-founders of ethereum and the current head of ConSensys, has joined the board of the crypto exchange ErisX. –THE BLOCK CRYPTO 7. Litecoin continues to sponsor the UFC, recently announcing a sponsorship with Ben Askren, a former Olympian who will fight at UFC 235. –AMB CRYPTO 8. Bitcoin's price volatility has dropped 98 percent in the past year. –COINDESK 9. A bitcoin theft victim has sued AT&T for $224 million, citing gross negligence that led to him losing millions in cryptocurrency. –THE NEXT WEB 10. An eToro analyst sees no correlation between bitcoin and either gold or the stock market. –COINGAPE       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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