Bitcoin Retreats / Coinbase COO Steps Down / Follow Ryan Adams / EY Launches Nightfall

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Presented by Subscribe | View in browser $BTC (4:12 p.m. EST): $8,476.91 (-0.93%) // 90-day high: $9,008.31 // 90-day low: $3,733.75 / / More… $ETH (4:12 p.m. EST): $262.52 (-1.55%) // 90-day high: $287.20 // 90-day low: $125.40 // More…       1. After reaching its yearly high above $9k yesterday, Bitcoin quickly retreated to as low as $7,980 in under 12 hours. The shakeout was felt throughout the entire cryptocurrency market as the overall crypto market cap fell over $25 billion. A slow recovery has ensued throughout today as Bitcoin currently sits at $8,476.91. -BITCOINIST       2. Coinbase president and COO Asiff Hirji departed the firm. Hirji was the COO of Coinbase since December 2017 and his departure was announced at a company all-hands meeting today. His departure follows the trail of other key execs who have left Coinbase this year including CTO Balaji Srinivasan, and former head of institutions Dan Romero. Emilie Choi the company's former vice president of business, data and international, will be assuming the role of COO. -THE BLOCK       A MESSAGE FROM WEGLOT Say no to the i18n pains with the Weglot Translation API Connect Weglot to your website via your DNS and let us do the work. Our API will detect all your website content and deliver it in any language. No maintenance, no pain. Trusted by 50,000+ website developers. Works with all CMS and web technologies. Try Weglot today! Create your free account 3. Follow Friday: Ryan Adams is the founder of Mythos Capital and a cryptocurrency investor who creates binge-worthy content on his twitter feed. His tweets tend to go viral as he creates content for those in and outside of the cryptocurrency bubble to consume. Unlike some investors in the crypto space, Adams keeps things balanced, offering criticism and praise in equal amounts. Ryan recently tweeted about Ethereum and that its network usage was at an all-time high. He then followed that up with a tweet saying Ethereum fundamentals were at a low compared to the ATH price. This was accompanied by a GIF of a confused Big Bird : First tweet - "Fun fact! Use of the Ethereum network is at an all-time high. Use is now 10% higher than at the peak of the last bull run when ETH traded over $1000 (Measured in Daily Gas Used)" Second tweet - "ETH fundamentals as % of ATH Active Addresses: -52% down Transactions: -29% down Daily Gas Usage: +10% up oh and... Price: -79% down" In his pinned tweet that has over 4k likes, Ryan compares modern-day skeptics of cryptocurrency and Ethereum with past skeptics of revolutionary technology. "The internet is just for gambling and porn(1995).  People will never trust a website with their credit card(1995). Bitcoin is just a tool for criminals and tax evaders(2015).  Ethereum is only good for scam coins and ponzi schemes(2018). All wrong in the same way." Follow Ryan on twitter @RyanSAdams to stay informed about the latest product advancements in crypto and well-timed tweet storms about decentralized finance.       A MESSAGE FROM LINODE Need a server up and running today? Have your choice of Linux distro, resources, and node location and instantly deploy an SSD server in the Linode Cloud. Now offering Dedicated CPU instances, designed for all high performance computing needs.  Here's $20 worth of hosting on us to get you started. 4. Big Four accounting firm Ernst & Young released "Nightfall", a privacy protocol built on top of Ethereum. The protocol is designed for use cases that include supply chain management, food tracking, and transactions between corporate branches privately. The open source project was released on Github and is available for anybody to integrate into their applications for free. Nightfall takes advantage of zk-SNARKS which allow for private transactions by not revealing the identity of the sender or the receiver of a transaction to each other. -COIN DESK       5. SEC Director of Corporation Finance William Hinman said ICOs may not be considered securities. -DECRYPT 6. The University of Pennsylvania released a blockchain and cryptocurrency online course. -COIN TELEGRAPH 7. Out of the 125 months that Bitcoin has been active, 122 of the months were deemed profitable for investors who acquired the coin and continue to hold. -NEWS BTC 8. Ethereum gas usage is at the highest it has ever been thanks to growing demand. -BLOCKONOMI 9. Crypto whales moved nearly $600 million worth of Bitcoin in under 10 minutes yesterday as prices reached yearly highs. -AMB CRYPTO 10. Japan wants to create a global cryptocurrency exchange register. -CRYPTO CURRENCY NEWS       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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