| Presented by | | | | | 1. The crypto market is a sea of red today. Bitcoin dropped nearly seven percent in 24 hours, falling to below $9,500. Litecoin, which has been on a slow decline from over $100 mid-June, dropped close to 10 percent to a low of $65. The reason for the sudden drop in industry prices is not known; however, that hasn't stopped many from speculating the causes behind it. According to Dave Balter, CEO of Flipside Crypto Inc., it was a sell-off to cash settle futures. Tomorrow, the Chicago Mercantile Exchange's (CME) Bitcoin futures are due to expire, with reports indicating that this is due to have an impact on the next Bitcoin price action. Jeff Dorman, chief investment officer at Arca, thinks it's down to thin trading volumes and that the decline was led by EOS, ETH, XRP, BCH, and LTC. –BLOOMBERG | | | 2. Charlie Lee, creator of Litecoin, has said that he will continue to support the Litecoin Foundation financially. His comments come at a time when donations during Q1 2019 had dropped due to "market stagnation," which impacted daily operations for the foundation. As a result, employees had taken a voluntary pay cut. Now, in an interview, Lee said that the goal was to make the foundation self-sustaining from donations, partnerships, and merchandise sales. Until it gets to that point, though, Lee will continue to support it. Since 2017, donations made by Lee have accounted for 80 percent of the organization's funding. –COIN DESK | | | | Make managing Apple devices easy with Jamf Now Set up and configure all your devices quickly and consistently, deploy updates and reassign app licenses as needed, and have peace of mind knowing your data is safely secured with Jamf Now — all via one centralized, cloud-based solution. Manage your first 3 devices free, get started today. | 3. Throwback Thursday: the Passing of Hal Finney Five years ago yesterday, Hal Finney, a cryptographer, coder, and an early Bitcoin user who received the first Bitcoin transaction, worth 10 BTC, from Satoshi Nakamoto, passed away at the age of 58. He was diagnosed with Amyotrophic Lateral Sclerosis (ALS) in 2009, which is a progressive neurodegenerative disease that affects nerve cells in the brain and spinal cord. By 2013, Finney, who many believe was Satoshi Nakamoto, became, essentially, paralyzed. Despite this, though, he continued to his work programming and pushing the cryptography movement forward. At the time of his death in 2014, his body was prepared for cryonic preservation by the Alcor Life Extension Foundation in Scottsdale, Arizona. During his time in the crypto world, Finney has been credited with helping to advance the industry as we know it today. Back in 2009, he posted his first tweet on Bitcoin. He simply said: "Running bitcoin." And before environmentalists started decrying the impact crypto mining was having on the environment, Finney was already considering how to reduce CO2 emissions from "widespread Bitcoin implementation." Whether he was the real Satoshi Nakamoto we may never know, but there are plenty who would like to think so. | | | | A MESSAGE FROM WISE BREAD | | The Highest Paying Cash Back Card Has Hit The Market Here's why this card is awesome: - An easy $200 bonus (after you spend $1,000 in the first 90 days)
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