1. Ninety-five percent of spot bitcoin trading volume is fake, according to a study from Bitwise. The firm looked at 81 crypto exchanges and found that only $273 million of the $6 billion in reported daily volume is legitimate. Bitwise said it met with the Securities and Exchange Commission last week to discuss the process of trying to list the first bitcoin ETF. As part of the process, Bitwise submitted the volume data as a way to help regulators cut through the noise. "People looked at cryptocurrency and said this market is a mess; that's because they were looking at data that was manipulated," says Matthew Hougan, global head of research at Bitwise. –CNBC
2. Ethereum co-founder Vitalik Buterin cashed out $40 million in ethereum between June 2017 and February 2018, according to Alex Sunnarborg, the founder of Tetras Capital. Buterin sold these coins in a number of different transactions. He also cashed out $9 million in coins before June 2015, Sunnarborg claims. Buterin responded to Sunnarborg's tweet on social media, saying he has not cashed out more than $915 at a given time. Buterin added that his fiat holdings are below $30 million. -SMARTEREUM
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3. The @bitcoin Twitter account finds itself in controversy again after BTC supporters tried to get the profile shut down. The @bitcoin account largely promotes bitcoin cash, which claims it is the true version of Satoshi Nakamoto's vision for cryptocurrency. BTC supporters believe that since the account calls itself "bitcoin" it is fraudulently impersonating the coin. They want the account to be suspended or reassigned to a group of core developers. For its part, the owner of @bitcoin has accused Twitter of unnecessarily placing restrictions on the account and limiting its traffic. –BITCOIN.COM
4. Twitch has dropped support for bitcoin about a year after first adding the cryptocurrency as a payment option. The popular video game streaming service removed support for payments made through BitPay. It is not clear when Twitch dropped support but Reddit users first began to notice the change about 48 hours ago. –BLOCKONOMI
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5. Thirty-seven altcoins have outperformed bitcoin so far this year, including Nano, Bytecoin, OmiseGo, Decred, and Lisk. –BITCOIN EXCHANGE GUIDE
6. Speaking of altcoins, NullTx offers an in-depth look at the price of Dogecoin. –NULLTX
8. Cisco projects that blockchain will be a $10 billion industry by 2021 and will store 10 percent of the world's GDP by 2027. –CRYPTO SLATE
9. Mist, one of the first ethereum wallets, will cease operations due to the falling prices of cryptocurrencies. –SMARTEREUM
10. How are your sales on Jupiter? Probably not up 8,000 percent. Well, they could be if you read Inside Sales, our newest newsletter here at Inside. Launching today, this newsletter provides all the info sales execs will want to know in order to become the world's best regional manager.
Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.
Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).
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