Bitcoin to hit $356,000 / Presidential candidate Yang to accept Bitcoin / Mnuchin: New crypto rules

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Presented by Subscribe | View in browser Market Watch: The crypto market is in the green again for both 24-hour and seven-day values, with the percentage increase for Ether leading the way within the top five. Bitcoin: $10,099 (⬆️ 3.75%) // $180.1 billion market cap. Ethereum: $222 (⬆️ 7.32%) // $23.8 billion market cap. XRP: $0.318 (⬆️ 3.21%) // $13.6 billion market cap. Litecoin: $94 (⬆️ 5.16%) // $5.9 billion market cap. Top 100 Winner: GXChain: $1.69 (⬆️ 18.78%) // $101 million market cap. Top 100 Loser: U Network: $0.008 (⬇️ 14.05%) // $58 million market cap. Prices are as of 0715 EDT.       1. U.S. Treasury Secretary Steven Mnuchin has remarked on the future of Bitcoin, suggesting that in five to six years he won't be talking about it, but will have other priorities to deal with, which may suggest he doesn't think it'll be around in that time. In an interview with CNBC's "Squawk Box," he went on to say that he won't be "loaded up on Bitcoin" in 10 years. His remarks come at a time when Bitcoin has seen a renewed surge in value over the second quarter, which has been boosted by the news of Facebook's Libra stablecoin, an asset Mnuchin has voiced criticism about. –COIN DESK       2. Mnuchin also said U.S. regulators are likely to issue new rules on the crypto sector so it doesn't pose a risk to the financial system. Mnuchin's comments come at a time when there has been increased scrutiny over Facebook's proposed Libra stablecoin, which President Donald Trump has criticized. Last week, Fundstrat co-founder Tom Lee indicated that he feared increased media coverage of Bitcoin could force Trump to take action against it. –BLOOMBERG       3. Supporters of U.S. Democratic presidential candidate Andrew Yang have launched a crypto-friendly super PAC enabling people to give Lightning-powered Bitcoin donations to his campaign. The Humanity Forward Fund (Humanity FWD) could be the first time that the second layer Bitcoin scaling solution plays a role in a presidential election. For the first 21 days, Humanity FWD will only accept Bitcoin donations; after that fiat will also be accepted. Yang, who has been accepting crypto donations for some time, has voiced positive opinion of the crypto space and has published a framework for crypto regulation. –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. 4. Throwback Thursday: Newegg Five years ago, California-based retail company Newegg started accepting Bitcoin as a payment option for its customers, helping to push the movement toward mass adoption. In 2014, Bitcoin was becoming widely known, partly due to the closure of Japanese Bitcoin exchange Mt. Gox following reports that over 700,000 Bitcoins had been stolen from it. However, despite the negative repercussions this had on the market, many were keen to embrace the sector, one of which was Newegg. Today it has made Bitcoin available as a payment option to 73 out of its 80 country-specific stores; however, six will not be able to take advantage just yet. These include Algeria, Ecuador, Egypt, Indonesia, Morocco, and Vietnam. According to Anthony Chow, Newegg president of global sales, the decision to open up their payment options was to increase innovation within the online shopping experience. The company was also answering to customers' growing demand for Bitcoin as a payment choice due to their preference for it.       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 DC. Learn more *Estimate based on several factors—check out details. 5. Dan Morehead, founder and CEO of investment firm Pantera Capital, is bullish on Bitcoin's price and believes that it could reach $356,000 in a few years. Speaking during an episode of the Unchained podcast, Morehead also stated that the number one cryptocurrency could hit $42,000 by the year's end. His comments come at a time when Bitcoin surged 165 percent in value from $4,103 to $10,888 between April and June, according to a Q2 2019 report from crypto analytics firm CoinGecko. –UNCHAINED       6. A report from crypto analytics firm CoinGecko shows that total market capitalization for the sector rose 125.1 percent during April and June. In its Q2 2019 report, the bull market was led by Bitcoin, which increased in value by 165 percent from $4,103 to $10,888. The other top five performers were Ethereum (107 percent), XRP (28 percent), Litecoin (103 percent), and Bitcoin Cash (137 percent). –COINGECKO       7. William Green of Monmouth County, New Jersey, has been indicted on one count of operating an unlicensed Bitcoin exchange. The 46-year-old is alleged to have accepted over $2 million in cash before turning them into Bitcoin for customers along with a fee. A date has yet to be determined for him to appear before court, but if found guilty he faces up to five years in prison and a $250,000 fine. He was previously charged with the same offense in February. –COIN DESK       8. YouHodler, a crypto startup, has leaked sensitive customer data after failing to add a password to its server. The data leaked, reportedly, contained enough information for fraudulent card purchases to be made. This included credit card numbers, card verification numbers, and expiry dates. Once the company was alerted to the problem it took the database offline. –THE NEXT WEB       9. Overseas voters from Utah will have the chance to cast their votes in local elections this year through a mobile app that uses the blockchain. With the Voatz app, active-duty military and their dependents, as well as expats, will have the chance to vote with an updated system that was previously called "very antiquated." –STATE SCOOP       10. California-based retail store Newegg has increased its Bitcoin payment options to 73 countries. Even though the company serves around 80 nations, six won't be able to take advantage of paying in Bitcoin: Algeria, Ecuador, Egypt, Indonesia, Morocco, and Vietnam, according to its website. It's not known if this will change in the future. – COINTELEGRAPH       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. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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