North Korea / Starbucks Problems / Roger Ver / Ethereum Proposal

Subscribe | View in browser $BTC (12:26 p.m. EST): $3,898.55 (-1.05%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More… $BCH ABC (12:26 p.m. EST): $129.18 (-2.40%) // 90-day high: $218.09// 90-day low: $80.95 // More… $ETH (12:26 p.m. EST): $133.84 (-2​​​​.05%) // 90-day high: $160.13 // 90-day low: $86.08 // More… $LTC (12:26 p.m. EST): $55.58 (-2.48%) // 90-day high: $52.69 // 90-day low: $22.09 // More… $XRP (12:26 p.m. EST): $0.31 (-1.12%) // 90-day high: $0.43 // 90-day low: $0.28 // More…       1. North Korea has amassed $670 million in foreign and digital currency through cyber theft, according to a panel of experts reporting to the United National Security Council. The panel's findings will reportedly be published next week. Asia Nikkei, which claims to have seen a draft of the report, said the North Korean government has created a specialized corps within its military to steal the funds. The outfit uses blockchain to circumvent traditional financial systems, which have limited the country's access to funds as part of broad economic sanctions. –NIKKEI       2. The idea of buying Starbucks coffee with bitcoin through the Bakkt platform sounds fun, but it may be a tax nightmare. When the system goes live later this year, Starbucks will not accept cryptocurrency directly; customers will send cryptocurrency to Bakkt, which will convert it into fiat currency to pay Starbucks. What that means for investors is that they must account for capital gains tax on each cup of coffee they purchase using this method throughout the year. That could become difficult if someone uses the platform regularly, or just plain annoying if they use it once and have to account for it later. –BLOCKONOMI       Ad Hiring moves fast—stay ahead of the game with Vettery's 2019 Tech Salary Report As a tech leader, you're used to a day-to-day in flux. You're focused on the big picture—roadmapping, goals, and maintaining your vibrant company culture—time is money, as they say. So let us streamline things. Want the tools to help you achieve your goals and hire talent? Vettery has you covered. 3. Bitcoin.com CEO Roger Ver came to the defense of Coinbase, arguing on Twitter that the exchange has done more to drive cryptocurrency adoption than any other company. Ver's comments come amid the #DeleteCoinbase campaign after the company acquired Neutrino, a blockchain security company whose leadership led Hacking Team, a company that sold solutions to governments with known human rights abuses. "We should be grateful despite a few poor decisions along the way," Ver said. –NEWS BTC       4. Ethereum co-founder Vitalik Buterin proposed a tiny increase in network user fees to better support developers with sustainable funding. Buterin proposed that users pay 1 gwei ($0.01 is about 3,000 gwei) when sending funds to an ethereum wallet. While that may seem small, Buterin believes that change could raise an additional $2 million a year to support development efforts. He added that increasing the fee would have raised enough money to cover all grants to date from the Ethereu​​​​​​​m Fou​​​​​​​ndation, which cu​​​​​​​rrently receives a large part of its fu​​​​​​​nding throu​gh donations. –​​​​​​​COINDESK       Ad Rainmakers- The leading recruiting platform for top tech salespeople Awesome tech companies like Looker, Algolia, JFrog and Affinity build high performing, diverse sales teams using Rainmakers. Rainmakers has analyzed proprietary compensation data from thousands of salespeople.  We are excited to share our unique insights with you as you build your sales team.   5. Bumble Bee Foods – you know, the tuna people – launched a blockchain platform in collaboration with SAP to add transparency to the seafood supply chain. –COIN TELEGRAPH 6. Twitter and Square CEO Jack Dorsey recently purchased a Trezor Model S hardware wallet to store his cryptocurrency. –ETHEREUMWORLD NEWS 7. The QuadrigaCX saga is the messiest in bitcoin history, writes Engadget, in an industry known for messy sagas. –ENGADGET 8. Because of cases like QuadrigaCX, Cameron and Tyler Winklevoss, founders of the Gemini Exchange, want to see more regulation in the industry. –BLOOMBERG 9. The litecoin rally continues and it has boosted the price of bitcoin and ethereum along the way. –FORBES 10. Writer Davit Babayan goes after Warren Buffett, arguing that the Oracle of Omaha has invested in a number of suspicious companies and has no room to criticize the members of the bitcoin community. –NEWS BTC       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: Kim Lyons (managing editor at Inside, a Pittsburgh-based journalist with recent bylines in the NYTimes and Columbia Journalism Review.) and Susmita Baral (senior editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).       Ad A reimagined Jira Software. Simpler and more powerful than ever before. Learn more. Vettery's 2019 Tech Salary Report Is Here. Download Now.

We're Hiring! Learn more. | Sponsorship opportunities Copyright © 2019 Inside.com, All rights reserved. Our mailing address is: Inside.com 767 Bryant St. #203 San Francisco, CA 94107 Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.