Facebook Acquisition / Kraken Acquisition / Lightning Torch / BSV Problems

Subscribe | View in browser $BTC (1:51 p.m. EST): $3,462.12 (-0.08%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More… $BCH ABC (1:51 p.m. EST): $118.68 (-1.29%) // 90-day high: $632.22// 90-day low: $80.95 // More… $ETH (1:51 p.m. EST): $108.12 (-0.80%) // 90-day high: $229.12 // 90-day low: $85.11 // More… $LTC (1:52 p.m. EST): $34.09 (-0.16%) // 90-day high: $54.64 // 90-day low: $22.09 // More… $XRP (1:52 p.m. EST): $0.29 (-0.98%) // 90-day high: $0.53 // 90-day low: $0.28 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Facebook has acquired Chainspace, a small blockchain startup that has been building a decentralized smart contracts system. This will be Facebook's first acquisition in the blockchain space as the social media giant looks to build out its blockchain capabilities. Researchers from University College London founded Chainspace, which was based off a white paper written in 2017 that outlines a platform for "high-integrity and transparent processing of transactions within a decentralized system." Facebook has reportedly looked into creating its own cryptocurrency, which Bloomberg recently reported could take the form of a stablecoin. -CHEDDAR       2. The cryptocurrency exchange Kraken has acquired Crypto Facilities, a British trading firm that specializes in derivatives for "nine figures." The acquisition comes as Kraken leadership says it is on the cusp of completing a $100 million funding round. Kraken's acquisition, the exact price of which was not disclosed, makes the exchange the first to offer both spot and for cryptocurrenies. Kraken CEO Jesse Powell said his company already integrated the back-end operations of Crypto Facilities, meaning users of both services will immediately be able to trade on a single platform. –FORTUNE       Ad Earn Up to 30% Back In Free Bitcoin When You Shop Online With This Browser Extension Lolli is a free browser extension that rewards you with bitcoin when you shop at over 500 top merchants, like Jet, Overstock, Priceline, SeatGeek, & Walmart. You can earn up to 30% back in bitcoin on everyday purchases. Lolli is safe, protects your privacy, & completely free to use. Download today! 3. The bitcoin community is currently running an Olympic torch-style relay race to highlight the power of the Lightning Network. Called the Lightning Torch, crypto members use Twitter to pass the "torch payment" from one person to another, adding 10,000 satoshis (about $0.34) each time. They then send the payment to the next user via the Lightning Network. The process has also been called the "LN Trust Chain" since the person sending the torch must send it to someone they trust, opposed to keeping the coins for themselves. So far, the torch has been sent to at least 139 people in 37 countries, according to the program's ring leader, Hodlonaut. –COINDESK       4. Child pornography was uploaded to the blockchain for Bitcoin Satoshi's Vision (BSV). The images were posted after a change to the BSV protocol increased the amount of data that could be accepted in transactions was raised 450 times. The increase allowed for images, video, and audio to be stored in the blockchain. "Almost certainly, whoever posted this was trying to prove a point about inserting something illegal into the blockchain, since that content can never be removed," a project spokesperson said. The images were added through BSV's Money Button, a payment app specific to the BSV network. –THE NEXT WEB       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. Charles Hoskinson, the founder of cardano and a co-founder of ethereum, has joined predictive analytics firm Endor. Hoskinson will serve as a senior advisory, providing guidance and counsel on the cryptocurrency industry and decentralization. –COIN TELEGRAPH 6. An article on Crypto Digest by Trevin Casinader claims that unnamed members of the crypto community believe CoinMarketCap has not accurately reported the trade volume of multiple altcoins. –CRYPTO DIGEST 7. Respondents to a Twitter poll from ACL12R overwhelmingly picked XRP to see the biggest gains of any altcoin this year. –ZYCRYPTO 8. Twitter crypto analyst DonAlt thinks litecoin looks bullish, a sentiment echoed by Twitter user MoonOverlord who cites litecoin's halvening later this year. –NEWS BTC 9. Between the controversy at QuadrigaCX over millions of dollars of trapped funds and recent layoffs at Coinsquare, Canada's cryptocurrency market suddenly faces lots trouble. –NEWS BTC 10. HashCash Consultants, a blockchain company, has entered into a collaborative partnership with a video game developer from Australia. –BTC WIRES       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) 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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