Bitcoin Crosses $9k / BSV Spikes 100% / Hash Rate Increase / AP Crypto Guide

Inside Bitcoin presented by TWiT.

Presented by Subscribe | View in browser $BTC (4:08 p.m. EST): $8,612.49 (-0.84%) // 90-day high: $9,008.31 // 90-day low: $3,733.75 / / More… $ETH (4:08 p.m. EST): $269.18 (-0.82%) // 90-day high: $287.20 // 90-day low: $125.40 // More…       1. Bitcoin crossed $9,000 today for the first time since May 10th, 2018. Shortly after reaching the $9,000 barrier, bitcoin retreated and is currently sitting at $8,612.49 with a market cap of $153 billion. For the week, bitcoin is up 14% as it continues its monthly bullish trend. The top 5 cryptocurrencies by market cap -- Bitcoin, Ethereum, XRP, Bitcoin Cash, and EOS -- all have positive weekly gains. -COIN TELEGRAPH       2. Bitcoin SV has nearly doubled in price the last 24 hours to $240 per coin after a fake report reportedly persuaded investors to purchase the cryptocurrency. Scammers posing as the Chinese news site Coinbull claimed that Craig Wright transferred Bitcoin from the Satoshi wallet to Binance. That claim would infer that Craig Wright is Satoshi Nakamoto. The tweet released by Coinbull was translated from Chinese and stated, "CSW transferred 50k BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi. As such CZ will re-list BSV and make an official apology on Twitter." Some investors took that as a signal to buy with the coin's volume and market cap skyrocketing. -BITCOINIST       A MESSAGE FROM TWIT When It Comes to Covering Tech, TWiT.tv Hits Every Angle TWiT.tv publishes 15 podcasts a week focused on news, perspective, help, and how-tos. Learn about the latest innovations, privacy, social media, security, plus reviews of smartphones, laptops, tablets, PCs, and wearables. If it has a chip, Leo Laporte and friends have a podcast for it. Find Your Next Favorite Podcast Here 3. By The Numbers: The Bitcoin mining hash rate has approached levels not seen since August 2018. The hash rate is currently at 58,000,000 TH/s and is on pace to pass the 2018 high of 60,000,000 TH/s. Along with the increase in hash rate is the appreciation of transaction rewards which rose from under $5 million a day to $20 million a day. Transactions fees on Bitcoin have also spiked going from $63,000 a day in March to over $1 million a day the past few weeks. -COIN RIVET       4. The Associated Press Stylebook added cryptocurrency terms that included Bitcoin, Litecoin, Ethereum, and Dogecoin to its user guide. The stylebook, which is seen as gospel for traditional media, tweeted, "Capitalize when referring to Bitcoin and other currencies as a system, but lowercase when referring to their use as payment: The government wants to regulate Bitcoin, Ethereum and other cryptocurrencies. He bought a vacuum cleaner online using bitcoins." Vitalik Buterin, the founder of Ethereum, took notice and preferred that Ether keep the same term for singular and plural meanings saying, "I think we favor 'ether' for the cryptocurrency, plural also ether. So: 'the price of ether is stable today', 'I paid him 5 ether for the banana', 'my favorite cryptocurrency is ether'." -AMB CRYPTO       A MESSAGE FROM TWIT Your First Podcast of the Week Is the Last Word in Tech Every week, award-winning tech expert Leo Laporte and top tech pundits cover the latest news, innovations, privacy, gear, plus the pitfalls and blunders in the world of tech. Join the lively roundtable discussion.   Subscribe on Your Favorite Podcatcher 5. Samsung Pay which represents 80% of South Korean mobile payments is going to integrate cryptocurrency. -CRYPTO TICKER 6. Wei Liu filed a copyright claim with the United States Copyright Office claiming to be Satoshi Nakamoto. -COIN DESK 7. Peer-2-Peer exchange LocalBitoins has ceased operations in Iran. -BRAVE NEW COIN 8. The Malawai Central Bank warned against the use of cryptocurrency and said it should not be used in place of legal fiat currency. -CRYPTO NEWS NETWORK 9. EOS, ranked number 5 by market cap, was added to Coinbase today and is available for purchase. -COINBASE 10. Vanguard has been using blockchain technology to manage data for $1.3 Trillion worth of index funds. -FORBES       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) and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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