Hackers move BTC / Mnuchin: Libra is a "security risk" / Ron Paul calls crypto "great idea"

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Presented by Subscribe | View in browser Hi, I'm Rebecca, the new writer for Inside Bitcoin. I've been covering crypto and the blockchain space for the past three years and am excited to take on the role of curating the best news on the latest happenings within the industry.       Market Watch: The market remains down this morning with Bitcoin's price dropping closer to the $10,000 mark. Bitcoin: $10,488 (⬇️ 0.72%) // $186.9 billion market cap. Ethereum: $220 (⬇️ 4.16%) // $23.5 billion market cap. XRP: $0.309 (⬇️ 2.69%) // $13.1 billion market cap. Litecoin: $87 (⬇️ 3.70%) // $5.4 billion market cap. Top 100 Winner: Solve: $0.229 (⬆️ 15.56%) // $74 million market cap. Top 100 Loser: Crypto.com Chain: $0.064 (⬇️ 11.12%) // $516 million market cap. Prices are as of 11:45 am EDT.       1. Hackers who stole 7,000 Bitcoin, worth around $74.4 million today, from crypto exchange Binance in May, are reportedly turning the coins into fiat. A new analysis by regtech provider Coinfirm suggests that there has been some activity involving the ill-gotten gains. According to Coinfirm's Grant Blaisdell, the hackers have been able to liquidate around 1.8087 Bitcoin – worth $21,000 – on Binance, Bitcoin.de, Bitfinex, Bitmarket, Bitmex, Crypterra, KuCoin, Kuna, WazirZ. –COIN DESK       2. Treasury Secretary Steven Mnuchin has called Facebook's Libra a "national security risk." During a press conference, Mnuchin argued that he wasn't "comfortable" with the launch of Libra, projected to take place in 2020. However, David Marcus, vice president of messaging products at Facebook and head of financial arm Calibra, is expected to say in a written testimony today that the social media platform won't offer its Libra coin until it has addressed regulatory concerns and received the appropriate approval. –THE REGISTER       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. Jaipur police in India have rescued three people, including two crypto traders, that were held for the ransom of 80 Bitcoin, worth around $840,000. After a 13-hour police operation, the trio were rescued following two weeks of captivity in a rented flat. The three, aged between 19 and 44, told authorities that they were beaten by their kidnappers with belts and sticks. Police arrested seven people, including a woman, who are believed to be part of a gang involved in extortion, kidnapping, looting, and robbery cases. –HINDUSTAN TIMES       4. Former U.S. Representative Ron Paul, who also ran for presidency three times, has declared his support for cryptocurrencies calling them a "great idea." Speaking on CNBC's "Squawk Box," the libertarian stated that he was in favor of crypto and the blockchain because he "likes competing currencies." He argued, though, that he doesn't like it when a government says what people can and can't do due to its need to have "monopoly control." –CNBC       A MESSAGE FROM TWIT PODCASTS 15 Tech Podcasts Covering Every Angle If you are into tech, check out the TWiT.tv podcasts. We cover the latest innovations, privacy, social media, security, plus reviews of smartphones, laptops, tablets, and wearables. If it has a chip, Leo Laporte and friends have a podcast for it. Find Your Next Favorite Podcast Here   5. The Canadian Securities Administrators (CSA) is thinking about creating a regulatory regime for crypto exchanges. It forms part of the CSA's business plan for 2019-2022, which sets out what it wants to achieve to protect investors' money. The news follows that of the Canadian government asking crypto exchanges to report all transactions over CAD$10,000 (around $7,700) in fiat or crypto effective 1 June, 2020. –THE BLOCK       6. Crypto exchange Binance is considering launching a platform in South Korea. According to reports, Changpeng "CZ" Zhao, CEO and co-founder of Binance, said that they are "working with local partners," however, the details have yet to be finalized. A representative of the exchange said that the company has been talking with BxB, an organization offering a stablecoin backed by the Korean won. –BLOCK IN PRESS       7. Japanese exchange Bitpoint has released a breakdown of the nearly $32 million hack that occurred earlier this month. According to a document, 2.6 billion yen ($24 million) of the total stolen belonged to customers, with one billion yen ($9.2 million) from the exchange in the form of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and XRP. The platform has stated that it plans to compensate customers in the form of crypto rather than fiat. –COINTELEGRAPH       8. Brazil has completed its first real estate transaction on the blockchain. Startup Growth Tech and local construction firm Cyrela undertook the sale with the aid of the Notary Ledgers project and the IBM Blockchain service. By using the technology, those involved were able to carry out the sale process in around 20 minutes compared to the usual one month. –ZDNET       9. France's financial watchdog is set to approve its first set of cryptocurrency firms, which are expected to come into force next month. In exchange for approval from the Autorité des Marchés Financiers (AMF), the operators will have to abide by standards on customer protection and capital requirements as well as pay tax. –REUTERS       10. Nestlé, McDonald's, and Virgin Media are taking part in a blockchain pilot to increase transparency in digital advertising. The pilot is part of Jicwebs, a web measurement organization, which will run for a year. It will look at how the technology can improve trust and inefficiency problems that currently face the online ad industry. –CAMPAIGN       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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