Bitcoin Passes $5,000 / Charles Hoskinson / Wash Trade / PayPal Acquisition

Subscribe | View in browser $BTC (3:21 p.m. EST): $5,148.89 (8.54%) // 90-day high: $5,156.44 // 90-day low: $3,286.14 / / More… $BCH ABC (3:21 p.m. EST): $332.85 (56.82%) // 90-day high: $332.82// 90-day low: $80.95 // More… $ETH (3:21 p.m. EST): $181.11 (​9.92%) // 90-day high: $181.11 // 90-day low: $86.08 // More… $LTC (3:21 p.m. EST): $93.66 (30.96%) // 90-day high: $93.66 // 90-day low: $22.09 // More… $XRP (3:21 p.m. EST): $0.36 (6.54%) // 90-day high: $0.43 // 90-day low: $0.28 // More…       1. The price of bitcoin exceeded $5,000 per coin on Wednesday as cryptocurrencies have skyrocketed. Bitcoin's price jump looks small compared to bitcoin cash, which has risen more than 50 percent, and litecoin, which is up more than 30 percent this afternoon. While it is hard to pin a specific event on the recent price increase, experts largely agree that it is not because of an April Fool's prank that missed the mark. Finance Magnates posted a story on April 1 that said the SEC approved a bitcoin ETF. While the story itself gave some clues it was fake, a lot of crypto followers did not read the whole article, taking it at face value. "It's absurd to believe this market move is the result of confusion about the Bitcoin ETF filings," said Hunter Horsley, CEO of Bitwise. "Though ETFs and April Fools are topical, there are lots of reasons this is an unlikely explanation." –CNBC       2. Charles Hoskinson, the founder of Cardano and one of the co-founders of ethereum, confirmed on Twitter that he is still working with the team at Ethereum Classic. There had been rumors that Hoskinson had stepped away from the project. Cardano has had a working relationship with Ethereum Classic since its beginning. Hoskinson had been an outspoken critic of ethereum changing it protocol following the DAO hack of 2016. –BE IN CRYPTO       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. Jargon Watch Wash Trade: This financial term dates back to before the Great Depression, but has relevance today in the cryptocurrency market. A wash trade is a form of market manipulation where investors simultaneously place buy and sell orders to artificially increase trading volume. It is a tactic that some crypto exchanges have used to give the impression of more volume, so much so that researchers believe at least 87 percent all crypto volume is fake.       4. PayPal has invested in Cambridge Blockchain, a digital identity enterprise software provider. This is the company's first official investment in the blockchain space. PayPal is one of a handful of investors in Cambridge Blockchain's Series A round. Moving forward, PayPal and Cambridge plan to explore potential collaborations to leverage blockchain technology. –SLUDGE FEED       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 5. Leonid Bershidsky provides advice on how to handle bitcoin's latest price surge: Ignore it. –BLOOMBERG 6. Counterpoint: Allen Scott gives four reasons to buy bitcoin now just in case. –BITCOINIST 7. The Jamaica Stock Exchange will partner with Canadian fintech firm Blockstation to trial bitcoin and ether trades. –COINDESK 8. The Dolder Grand, a five-star hotel in Switzerland, will allow guests to pay with bitcoin starting next month. –COINDESK 9. Ethereum testnet 2.0 was delivered on time. –INVEST IN BLOCKCHAIN 10. Coincheck lauched over-the-counter trading for large-scale investors. –COIN TELEGRAPH       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); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       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

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.