Bitcoin price support at $7,500 / Peter Todd sexual misconduct allegations / Bitcoin mining in Iran

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Presented by Subscribe | View in browser Market Watch: In a positive turn of events for the market, crypto assets are in the green over a 24-hour period across the board with Bitcoin back over $10,000. This follows are the cryptocurrency fell to around $9,300 yesterday. Bitcoin: $10,384 (⬆️ 7.03%) // $185 billion market cap. Ethereum: $223 (⬆️ 5.31%) // $23.8 billion market cap. XRP: $0.321 (⬆️ 3.22%) // $13.7 billion market cap. Litecoin: $97 (⬆️ 9.78%) // $6.1 billion market cap. Top 100 Winner: Egretia: $0.079 (⬆️ 22.68%) // $335 million market cap. Top 100 Loser: ABBC Coin: $0.179 (⬇️ 7.98%) // $90 million market cap. Prices are as of 11:45 am EDT.       1. The price of Bitcoin has once again hit $10,000, but some analysts can't agree on where it'll go, with one report suggesting Bitcoin could find a new price support at $7,500. According to Josh Rager, investor and trader, while the crypto has jumped again, it needs to go up more before dropping down. However, if history is used as a guide Bitcoin could drop to a 200-candle moving average, currently at $7,448, before bouncing back to resume a bull run. –COINTELEGRAPH       2. Former Bitcoin Core developer Peter Todd has been accused of sexual misconduct after three people submitted statements against him. Back in April, Todd sued transgender nonbinary cryptographer Isis Agora Lovecruft for defamation after they posted a tweet calling him a rapist. Lovecruft has dismissed the complaint, with Zcash co-founder Zooko Wilcox, along with Lovecruft, submitting statements alleging Todd's behavior to the U.S. District Court Northern District of California. Wilcox explained in a court statement how he was asked by a female friend for help in avoiding Todd's unwelcome advances. Another, known as Jane Doe, described being "pressured into sex" by Todd while being "mentally compromised" as a result of a medical condition. The case continues. –COIN DESK       A MESSAGE FROM AIRBNB Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Make up to $4,398/month* by sharing your place in London.  Learn more *Estimate based on several factors—check out details. 3. Throwback Thursday: M-Pesa In 2013, a project began in Kenya that saw the linking of Bitcoin with M-Pesa, a mobile phone-based payments transfer service that was launched in 2007 by Vodafone for Safaricom and Vodacom. At the time, the experiment was designed to help boost crypto payments in Africa. Through the service, users can buy and send Bitcoin to others who have an M-Pesa account. It was initially only available to users in Kenya, but fast-forward to today and M-Pesa is now accessible to those in Nigeria, Tanzania, Uganda, as well as Afganistan and European countries. At the beginning of the year, it was reported that its users outside of Kenya had grown to 13.4 million at the end of December, suggesting the platform's popularity in other African nations. With the growth of Bitcoin continuing and M-Pesa providing an avenue for users to gain access to funds, the project that started six years ago is helping to change how finance is accessed.       4. Iranians are turning to mining Bitcoin as U.S. sanctions continue to squeeze its economy, according to Iran's minister for information and communications technology. Mohammad Javad Azari Jahromi said that the country was becoming a haven for miners. The U.S. is concerned about this with some warning that the use of cryptocurrencies could bypass President Donald Trump's sanctions against Iran over its nuclear deal with other countries. While Sigal Mandelker, the Treasury's undersecretary for terrorism and financial intelligence, has argued that crypto exchanges should "harden their networks" against Iran and its need for U.S. dollars, Jahromi stated that while small transactions can be used to bypass sanctions, they can't use them to circumvent international monetary mechanisms." –ASSOCIATED PRESS       A MESSAGE FROM MAILCHIMP Your marketing data is everywhere! Now what?     Connect all your data in one place and drive deeper relationships with customers. Mailchimp's all-in-one Marketing Platform puts customers at the heart of your marketing, so you can collect, organize, understand, and act on your insights.     Learn More     5. U.S. Treasury Secretary Steven Mnuchin has said that the department will introduce "very, very strong" regulations so that cryptocurrencies don't become the equivalent of "Swiss-numbered bank accounts." Speaking on CNBC's "Squawk Box," he said that he wants to ensure people using crypto are doing so properly and not for illegal purposes. During the early 1900s, certain bankers created Swiss-numbered bank accounts to provide an additional layer of secrecy for European customers who sought to avoid paying World War I taxes. They are still available today. –CNBC       6. The G7's group of finance ministers and central bankers have said that Facebook's proposed Libra should be regulated tightly so that it doesn't weaken their control over the monetary system or pose security risks. Finance Minister Bruno Le Maire of France said that the group can't accept private organizations issuing their own currencies "without democratic control." –REUTERS       7. Crypto exchange Coinbase is making it easier for customers to trade by giving its users more information on trading behavior. Available from today, the platform is providing any Coinbase customer with exclusive data that will enable them to "independently create and manage their own crypto strategy." By seeing what Coinbase customers are doing, it aims to show if top holders are buying or selling a particular asset. –TECH CRUNCH       8. A former Microsoft software engineer has been charged with a scheme to steal $10 million worth of crypto from the tech company. Volodymyr Kvashuk, a 25-year-old Ukrainian, living in Washington, is alleged to have stolen gift cards and digital currency to fund a lavish lifestyle. He purchased a $160,000 Tesla vehicle and bought a $1.6 million lakefront property. He faces up to 20 years in prison and $250,000 in fines. –FOX NEWS       9. Venture capital into blockchain startups is projected to drop 60 percent this year to $1.6 billion, according to research from CB Insights. The picture for last year was slightly different when a record $4.1 billion was invested; however, it coincided with what is known as "crypto winter" when Bitcoin's value dropped 70 percent. So far this year, Bitcoin has more than tripled to over $13,500 by the end of June. It has since dropped below $10,000. –BLOOMBERG       10. Another crypto exchange has closed its doors in India. The founder of Cryptokart, Gaurang Poddar, said the reason behind the closure was down to general interest in the market dropping in the country. News of this follows after a leaked draft bill suggested that India is considering a blanket ban on cryptocurrencies. –YOUR STORY       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside), David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology), and Bobby Cherry (senior editor at Inside, who's always on social media).

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