BTC Hits '19 High / Softbank CEO Loses $130 million / Vitalik Proposes Upgrade / Robinhood Becoming a Bank

Inside Bitcoin. $BTC (3:05 p.m. EST): $5,633.80 (4.55%) // 90-day high: $5,633.80 // 90-day low: $3,391.02 / / More… $BCH ABC (3:05 p.m. EST): $299.02 (2.17%) // 90-day high: $342.87// 90-day low: $108.09 // More…

Subscribe | View in browser $BTC (3:05 p.m. EST): $5,633.80 (4.55%) // 90-day high: $5,633.80 // 90-day low: $3,391.02 / / More… $BCH ABC (3:05 p.m. EST): $299.02 (2.17%) // 90-day high: $342.87// 90-day low: $108.09 // More… $ETH (3:05 p.m. EST): $174.13 (​1.22%) // 90-day high: $184.38 // 90-day low: $133.49 // More… $LTC (3:06 p.m. EST): $77.73 (0.97%) // 90-day high: $97.50 // 90-day low: $30.44 // More… $XRP (3:06 p.m. EST): $0.32 (-0.08%) // 90-day high: $0.37 // 90-day low: $0.28 // More…       1. Bitcoin eclipsed $5,630 today marking the highest price for the cryptocurrency this year. The rise in price helps to verify multiple technical analysis indicators which have shown that the price of bitcoin would continue to rise after crossing $5,000. The price of bitcoin is up nearly 40% over the past month and the next test for the cryptocurrency will be to cross $6,000, a barrier that if crossed could signal the end of the 16-month bear market, analysts said. -CRYPTOCURRENCY NEWS       2. Masayoshi Son, the founder of Softbank, lost $130 million after investing in bitcoin near the all-time $20,000 high in 2017. Softbank is the largest investment firm in the world and Son is known for taking big bets with the firms capital. However, Son made this purchase from his personal fortune. Son reportedly acquired his bitcoin at the behest of a bitcoin evangelist whos investment firm Softbank had acquired earlier in the year. -CNBC       A MESSAGE FROM ASANA Spend less time on busy work and make more time for the work that matters most.  Asana is the work management platform that helps teams organize goals, plan projects, collaborate on tasks, and automate recurring processes—all in real time, all in one place. In fact, customers report that Asana helps them achieve their goals 45% faster. Try it today and get 1 month free!  3. Ethereum co-founder Vitalik Buterin proposed an increase in ETH payouts to stakers in the upcoming Proof-of-Stake consensus. Buterin has proposed creating an additional 2 million ether per year that will go to stakers while fighting off inflation. This will result in an annual dividend of 1.56 percent for investors. The ethereum community has provided positive feedback to this proposal through comments on the ethereum public github repo. -ETHEREUM WORLD NEWS       4. Robinhood has applied for a bank charter with U.S. regulators to begin offering traditional banking services and products for consumers. The mobile first app currently allows you to buy cryptocurrency as well as stocks and options. By receiving this license, Robinhood plans to be a one-stop shop for consumers to acquire, trade and hold digital and legacy assets. It was not immediately clear how Robinhood's application to become a bank could alter the company's cryptocurrency business. -COIN TELEGRAPH       5. Binance has launched its long-anticipated decentralized exchange which will allow for trades to take place between users without an intermediary. -DECRYPT MEDIA 6. White papers for popular crypto projects were fabricated and written by outsourced freelancers and contractors. -DAILY HODL 7. A 21-year-old who stole over $7.5 million in cryptocurrency by swapping sim cards in phones was sentenced to 10 years in prison. -COIN DESK 8. The New York Times asks an interesting question: A decade after its creation, is bitcoin simply a fad or the or the future of digital commerce and the internet? -NEW YORK TIMES 9. Adrian Bednarek, a security researcher, discovered a cryptocurrency thief who guessed his way into stealing millions of dollars worth of ethereum from private wallets. -WIRED  10. Disney is in talks to acquire NXC, the owner of two cryptocurrency exchanges including Luxembourg-based Bitstamp and Korbit, which is based in South Korea. -DAILY HODL       Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny. 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).

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