McAfee's Bitcoin prediction remains / Seed CX granted two BitLicenses / Blanket crypto ban in India?

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Presented by Subscribe | View in browser Market Watch: Bitcoin is down 11.63 percent over a seven day period; however, ninth place Bitcoin SV is down by 35.20 percent in the same period. Bitcoin: $10,564 (⬇️ 11.63%) // $188,24 billion market cap. Ethereum: $229 (⬇️ 25.52%) // $24,55 billion market cap. XRP: $0.319 (⬇️ 19.81%) // $13,62 billion market cap. Litecoin: $91.56 (⬇️ 24.02%) // $5.73 billion market cap. Top 100 Winner: Egretia: $0.083 (⬆️ 42.57%) // $352 million market cap. Top 100 Loser: IOST: $0.007 (⬇️ 41.25%) // $94 million market cap. Prices are as of 12:30 pm EDT.       1. Crypto advocate and American entrepreneur John McAfee is still positive that Bitcoin will hit $1 million by the end of 2020. Taking to social media, McAfee, who previously stated that he would eat a certain part of his anatomy on national television if Bitcoin didn't reach $500,000 by 2020, raised the stakes to one million following an acceleration of the crypto's price during the 2017 bull run. For those interested in following the countdown, they can do so here. –COINTELEGRAPH       2. Crypto exchange Seed CX has been granted two BitLicences by the New York Department of Financial Services (NYDFS). The two licenses apply to Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC, with the latter also receiving a money transmitter license. Edward Woodford, Seed CX CEO, said in a statement that this is the next step for them to becoming a "leader in institutional trading of digital assets." –COIN DESK       A MESSAGE FROM FASTLY Extend the power of your core cloud to the edge with our API-first platform. Bring your innovative ideas to life, faster. Our edge cloud platform moves data and applications closer to users, at the network edge — so you can deliver fast, secure, and scalable online experiences. Take it for a spin and test up to $50 traffic, free. 3. From the Forums: Anthony Pompliano, co-founder and partner at Morgan Creek Digital, who's also a frequent user of Twitter with the handle @APompliano, has stated that there "isn't a government or central bank that is unaware of Bitcoin." However, while the digital currency has come a long way in 10 years, not everyone shared "Pomp's" enthusiasm. Mat Young replied by saying: "I'm shocked that a decade later it still has no legitimate use case except a super volatile "store of value." Whereas, mih.ai argued that "Bitcoin hasn't shocked the world, wtf is this nonsense? Not yet, at least. 99% of the world's population either doesn't know shit about Bitcoin or they've never heard of it. Nice like bait, anyway!" And Mark Nakata added his bit by stating: "The government of the City of Los Angeles is unaware of Bitcoin. Last year they tried to pass a ballot measure to form a City government owned and operated bank."       4. A leaked draft bill suggests that the Indian government is considering a blanket ban on cryptocurrencies within the country. It has yet to be authenticated; however, the draft is being publicized by blockchain lawyer Varun Sethi. Notably, though, the draft has mentioned a Digital Rupee, which would be issued by the Reserve Bank of India, the nation's central bank. It remains to be seen what impact this will have on a country that has been less than embracive of crypto assets in the past. An inter-ministerial panel set up in 2017 has already recommended a complete ban on them. –FINANCE MAGNATES       A MESSAGE FROM TWIT PODCASTS One of the Longest Running Tech Podcasts Get caught up on everything happening in the world of tech. Check out the lively discussion as Leo Laporte and top tech pundits cover the latest news, innovations, privacy, gear, plus the pitfalls and blunders in the world of tech. Subscribe to This Week in Tech on your favorite podcatcher 5. Scheduled US governmental hearings on Facebook's Libra coin may have an impact on Bitcoin's price. The hearings, which are due to take place tomorrow and Wednesday, July 17, could see the asset's value rise or fall depending on the outcomes. Since the release of Libra's white paper June 18, Bitcoin increased in value to nearly $14,000; however, criticism from President Donald Trump in recent days has seen the currency drop to below $10,000. –COIN DESK       6. The UK government is cracking down on financial crimes, which will include crypto assets, in an attempt to tackle dirty money. Announced last Friday, the Economic Crime Plan will bring together public and private sectors to improve how information is shared, resource pooling, and technological innovation. It will also establish a new crypto assets regime with the UK's Financial Conduct Authority (FCA) to deliver a comprehensive response in the illicit use of cryptocurrencies. –COIN DESK       7. South Korean technology companies have banded together to develop a blockchain-based mobile identification system. The companies include Samsung Electronics, banks KEB Hana Bank and Woori Bank, and local telecommunications companies SK Telecom, KT, LG Uplus, and Koscom, which is part of the Korea Exchange IT service. According to the firms involved, the system enables users to protect their own data. –ZDNET       8. Why crypto and care homes don't always go together. In this opinion piece by BBC technology reporter Rory Cellan-Jones, he writes about how his experiment with buying a Carlauren Coin – priced at nearly $90 – to purchase a room in a care home wasn't his wisest investment choice. –BBC       9. A Bitcoin mining operation in China has been busted by authorities after a surge in electricity costs amounted to nearly $3 million. Police in Zhenjiang, in the eastern Jiangsu province, were tipped off by a local power company, enabling them to confiscate 4,000 mining devices, which were used to undertake the illegal operation. It's thought that more than 20 people were involved. –AGENCE FRANCE-PRESS       10. PayFast, a South African online payments provider, is removing Bitcoin as a payment option, claiming that the asset is limited and has "design flaws." High transaction fees and long confirmation times are several reasons why the company has decided to remove Bitcoin. Growing in popularity it is becoming increasingly difficult for transactions to be confirmed within the 10-minute window, PayFast said. –TECH CENTRAL       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).       Ad Meet Fastly. Built for speed, scale, and security across every device. Try us out free!

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