Bitcoin Cash Boom / BitMEX Refund / Montana / Crypto Mortgage

Subscribe | View in browser $BTC (2:41 p.m. EST): $4,891.52 (-4.81%) // 90-day high: $5,156.44 // 90-day low: $3,286.14 / / More… $BCH ABC (2:41 p.m. EST): $280.12 (-14.22%) // 90-day high: $332.82// 90-day low: $80.95 // More… $ETH (2:41 p.m. EST): $156.52 (​-10.04%) // 90-day high: $181.11 // 90-day low: $86.08 // More… $LTC (2:41 p.m. EST): $82.64 (-11.34%) // 90-day high: $93.66 // 90-day low: $22.09 // More… $XRP (2:41 p.m. EST): $0.33 (-9.10%) // 90-day high: $0.43 // 90-day low: $0.28 // More…       1. The recent crypto boom has seen a number of coins see massive gains, maybe none more than bitcoin cash. The digital coin saw its price double over a 48-hour period to hit $341.66 on Wednesday afternoon. While the coin has since retreated a bit, the growth still remains impressive. The price of bitcoin cash has mirrored that of bitcoin, although BCH has taken wider swings this week. And not to be outdone, litecoin passed $100 per coin on Wednesday before taking a step back today. –CCN       2. BitMEX will refund users who lost money during this week's bitcoin bull run because of technical problems on its platform. BitMEX automatically closed some clients' position as the prices of bitcoin and ethereum rapidly rose through a process known as auto deleveraging. The number of positions affected was minimal but still had the potential to dramatically hurt some traders as the price of bitcoin surged more than 20 percent in 48 hours. "We compensated users based on the maximum potential profit that they would have made over the timeframe of these auto-deleveraging events," the company said. –COIN TELEGRAPH       Ad Creating Company Culture: How to Support Employee Retention, Productivity, and a Sense of Belonging Workplace culture is no longer an office "perk," but a critical component of a business's operations. It impacts how teams collaborate and whether employees feel included, respected, and recognized—which enables them to do their best work. Download our guide to company culture. 3. Officials in Missoula County in Montana are expected to approve a law that would require cryptocurrency mining operations to offset their energy use with renewable projects. That law, which could be approved as soon as Thursday, comes in advance of a resolution that would commit the area to 100 percent clean electricity by 2030. "We looked at the potential for new bitcoin mining and saw that we're never going to meet these goals if mining happens in the way it's been happening," said Josh Slotnick, who sits on the board of commissioners. Miners in Missoula currently use as much energy of one-third as the county's 40,000 people while only employing 19 workers. –WIRED       4. Brock Pierce took out a crypto-backed mortgage to buy a $1.2 million home in Amsterdam. Pierce, the founder of Blockchain Capital, likely has a net worth of more than $1 billion thanks to early investments in ethereum and early support of Coinbase. He loaned the money to buy the home from NEXO, a Swiss-based lender, using his cryptocurrency reserves as collateral. NEXO said that Pierece was the first person in the world to use his crypto assets to buy real estate at that scale. –BITCOINIST       Ad The best customer experiences are built with Zendesk. Zendesk was built upon a simple idea: make customer service software that's easy to use & accessible to everyone. Our products give organizations the flexibility to move quickly, focus on innovation, & scale with their growth. Schedule a demo April Fool's Wrong for Crypto Market About 12 years ago, I wrote a newsletter focused on government technology and created a full April Fool's issue filled with fake stories. At the time it was a hit, at least in the feedback I got from readers. I say all this to frame my following statement: I appreciate a good fake story, but hated the joke piece Finance Magnates wrote about the SEC approving a bitcoin ETF earlier this week. If you haven't read, the article, which has since changed its headline to promote the joke, pretended that the SEC held an emergency meeting over the weekend to approve a bitcoin ETF. The article even included a fake tweet from the SEC's public affairs account (which Rick Rolled those that clicked on it, but I'm willing to bet many readers didn't take that step). The joke, though, fell flat for me on two accounts. First, the article did not present itself as a joke. The idea that the SEC held an emergency meeting to approve an ETF is not likely, but it is also not out of the realm of possibilities. The article itself included quotes and background information that read like a normal news story. My second issue comes with the market itself. The cryptocurrency market has no shortage of FUD. The industry suffers from erroneous news reports, rumors, and outright misinformation that could affect how investors act. Doing a fake April Fool's story only adds to that for no real reason. A quick look at Twitter showed that many bought in, users sending out the headline and the link – probably without knowing much more than that, unknowingly adding to the spread of misinformation. So my question today is this: Did the fake story rub you the wrong way like it did me or do I need to loosen up a bit? Hit reply to this email, or send me a note @davidstegon on Twitter, and let me know why.       5. Tesla CEO Elon Musk named dogecoin his "fav" cryptocurrency, even ahead of bitcoin, which he has praised in the past. –FORBES 6. Galaxy Digital CEO Michael Novogratz called litecoin a "glorified test net" for bitcoin. –NEWS BTC 7. Offchain Labs, a startup that wants to create more scalable smart contracts, raised $3.7 million in a seed round led by Pantera Capital. –TECH CRUNCH 8. PricewaterhouseCoopers has experimented with a blockchain to validate a job candidate's credential. –THE WALL STREET JOURNAL 9. Four exchange-traded products tied to the prices of XRP and litecoin are live ono the Nordic Growth Market, making them available to customers in the EU. –COINDESK 10. The mainstream media has not taken kindly to the cryptocurrency market's recent surge. –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 (Pittsburgh-based journalist and managing editor at Inside) and Susmita Baral (senior editor at Inside, who 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.   Meet the Pod: A high-tech bed designed to improve your sleep through dynamic cooling and heating. Learn More

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