Binance to launch a stablecoin / Coinbase, Ripple fall off LinkedIn list / Bitcoin at $100K

Inside Bitcoin presented by Airbnb.

Presented by Subscribe | View in browser Good afternoon! This issue of Inside Bitcoin expands beyond BTC and delves into some deep issues related to blockchain interoperability and use cases. You'll also be enlightened by some of the top news of the day. Don't forget our top Bitcoiners on Twitter list. See anyone missing? Let us know. -- Allen       Market Watch: Bitcoin is inching toward $11,000, and the rest of the market is up today as well. Bitcoin: $10,864 (⬆️ 2.96%) // $194.6 billion market cap. Ethereum: $176.01 (⬆️ 2.20%) // $18.94 billion market cap. XRP: $0.258 (⬆️ 0.90%) // $11.09 billion market cap. Bitcoin Cash: $299 (⬆️ 3.89%) // $5.38 billion market cap. Top 100 Winner: XMax: $0.002 (⬆️ 44.20%) // $46.3 million market cap. Top 100 Loser: Bytecoin: $0.0004 (⬇️ 10.39%) // $83.7 million market cap. Prices are as of 12:42 p.m. EDT.       1. Binance launched Tether competitor BUSD, a U.S. dollar-backed stablecoin with the blessing of the New York Department of Financial Services. The state regulatory agency approved the digital currency yesterday. Binance is also investing $5.7 million in a decentralized blockchain protocol called Foundation of Interwallet Operability (FIO). Among the consortium's members include Bitcoin.com, ShapeShift, Atomic Wallet, and Enjin Wallet. FIO is a Dapix, Inc. initiative aiming for a Q1 2020 target launch date for its mainnet. -- COINDESK       2. LinkedIn no longer considers Coinbase and Ripple as top 10 startups to work for. Ripple fell to 28 and Coinbase to 29. This is the third year LinkedIn has published its annual list. Last year, Coinbase was ranked third and Ripple seventh. The list is compiled based on jobseeker interest, employee growth, member engagement with the company, and employee attitudes. Companies on the list must not be older than seven years old. Both companies were founded in 2012. -- THE BLOCK       A MESSAGE FROM AIRBNB Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Turn your extra space into extra money. Learn More 3. Follow Friday - @conniegallippi Connie Gallippi is the founder and executive director of @BitGiveOrg (BitGive Foundation). She's passionate about philanthropy through cryptoccurrencies.  A resident of California, she's a world traveler who shares her experiences with other cultures on Twitter. She recently visited Cape Town, South Africa. She also tweets about all things related to cryptocurrency and blockchain projects. This includes conferences, personalities associated with crypto and blockchain, charity opportunities through crypto, and more. You can find Gallippi at Twitter BitGive BitGive Foundation LinkedIn       4. Crypto analyst Harold Christopher Burger used the Bitcoin Power Law Growth Corridor analysis model to predict that Bitcoin will not hit $100,000 before 2021 or fall below the six-figure mark after 2028. The analysis method measures the functional relationship between two quantities where the relative change in one quantity leads to a proportional relative change in the other, he says. Burger says the analysis model gives a sense of Bitcoin's minimum price at any given time. Based on that, Burger believes the minimum BTC price will be $1 million no earlier than 2028 and not fall below that before 2037. -- NEWSBTC What do you think will be Bitcoin's lowest price in 2021? Email me at allen.taylor@inside.com and let me know.       A MESSAGE FROM ODOO New Conference: Odoo Connect 2019 [Business Software]   Business leaders, entrepreneurs, CEOs/Founders, IT professionals, and developers from around the world come together for 3 days of workshops, presentations, and business software demos to help businesses connect their teams and scale their growth. Inside subscribers are invited to get a free pass! Free Pass   5. Book Review: The history of the economics of printing books has lessons for the rise and adoption of cryptocurrency. Max Gulker reviews the book "Brand Luther" by historian Andrew Pettegree. Pettegree looks at how the Protestant Reformation, and in particular its catalyst, Martin Luther, played a role in the rise of book publishing and literacy. Centered on the printing press and its funding among the wealthy elite, Gulker's review points out that eventually the loss of capital led to presses shutting down. Until then, Luther, according to Pettegree, became the first bestselling author. Gulker's conclusion: Bitcoin maximalists don't have history on their side. If cryptocurrencies are going to usher in an age of libertarian dominance, it will happen with increased competition. -- AIER  Do you think competition among cryptocurrencies is a good thing, and why or why not? Let me know by emailing allen.taylor@inside.com.       6. A Bloomberg Technology reporter tweet about the NSA developing a quantum-resistant "crypto" confused a Forbes contributor into blogging about NASA creating a cryptocurrency. William Turton was reporting on an interview with National Security Agency's Director of Cybersecurity Directorate Anne Neuberger. The Forbes contributor then turned the off-hand tweet about normal NSA encryption activities into a story about NASA. The story has since been deleted, but not before other news organizations picked up the story, some correctly identifying the government agency but still reporting the creation of a cryptocurrency. "Crypto" is also shorthand for cryptography. -- GIZMODO       7. Samsung is releasing a new version of Galaxy Note 10 with a crypto wallet. Called the KlaytnPhone, the phone will be sold in South Korea initially. In addition to a cryptocurrency wallet, the phone has pre-installed blockchain apps. Additionally, purchasers of the phone will find Klay, Klaytn's native token, in their wallets. All the blockchain apps are compatible with the Klaytn blockchain network created by Kakao. -- CAPITAL.COM       8. From smart contracts to logistics, the use cases for blockchain technology are growing daily. While not exhaustive, Builtin lists 25 use cases disrupting the status quo across a variety of industries, which include Medichain's smart contracts for musicians, Propy's decentralized real estate title registry, Chainalysis's finance transaction monitoring software, Filament's Internet of Things device connecting software, Everynym's identity management ecosystem, Maersk's goods tracking system, Delaware's public documents archive, and Civil's journalism initiative. This is just to name a few of blockchain project use cases gaining traction. -- BUILTIN         9. Blockchain interoperability, the ability to share information across different blockchain networks, could speed mass adoption of the technology and create more demand for cryptocurrencies. A variety of methods are being proffered to achieve this goal among blockchain developers, including cross-chains, sidechains, proxy tokens, token swaps, and more. ConsensSys Research looks at the early Internet to explain why interoperability is important for blockchains. Some current projects working on interoperability include Polkadot, Cosmos, Chainlink, Quant, and Wanchain. The closes thing to interoperability today are cryptocurrency exchanges. -- COIN TELEGRAPH       10. As the market value of cryptocurrencies have risen to $300 billion, crypto theft has also risen--to a whopping $480 million in the first half of 2019 alone. This has led some insurance companies, such as Lloyd's of London, to begin offering insurance against crypto theft and hacking. Coinbase invested in a $255 million policy in April. BitGo purchased a $100 million policy in February. Swiss insurer Chubb is another large company that has entered the space. Coalition has 500 crypto companies as insurance clients. Insurance is already a huge industry with more than $5.05 trillion in coverage worldwide. The crypto industry promises to make it even bigger. -- FORBES       Inside Bitcoin is written and curated by award-winning journalist and former newspaper editor Allen Taylor. Recognized by the Dallas Bar Association three times for excellence in legal reporting, Allen has since gone on to author, edit, or ghostwrite several white papers, books and e-books, and over 10,000 blog posts for clients ranging from small business owners to global management companies and corporate executives. Learn more about him on LinkedIn. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Earn money by sharing your space. List your place now. Want to attend Odoo Connect? Visit the event page to get a free ticket at odoo.com/inside

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