Happy free Friday everyone! 👋 Welcome to today's newsletter. Here's a quick summary of our top stories: - Crypto investor accuses teenagers of being "evil computer geniuses" after stealing millions in crypto.
- Binance Charity launches PPE token.
- Follow Friday: David Nage, principal and strategic relations at investment management firm Arca.
Just a quick reminder: If you subscribe to our premium content, you'll receive Inside Cryptocurrency ad-free five days a week, along with features like our daily Masterclass, interviews with crypto experts, and the latest studies and reports on crypto. Right now, we're offering 50 percent off of our monthly plan (only 20 slots left!) if you use the promo code Crypto50. Click here to upgrade to premium! Best, | |  Rebecca |  | | |
Having claimed the $9,000 mark, Bitcoin is steadily gaining ground on $10,000 again during Friday trading. | Bitcoin | $9,882 | +5.74% | | Ethereum | $211 | +2.50% | | XRP | $0.217 | +0.79% | | Tether | $1.01 | +0.37% | | Top 100 Winner: Ox | $0.324 | +31.25% | | Top 100 Loser: DigiByte | $0.021 | -11.24% | Prices are as of 2:15 p.m. ET.
| |
 Crypto investor accuses teenagers of being "evil computer geniuses" after stealing millions in crypto. Court documents show that Michael Terpin has accused Ellis Pinsky of spearheading a cybercrime heist, alongside other hackers, when he was just 15 years old. Pinsky, and what has been described as his "gang of digital bandits," are accused of stealing $24 million in crypto from Terpin after stealing a SIM card before using it to gain access to Terpin's mobile phone number, enabling them to gain access to his crypto accounts. According to the documents, Pinsky gave the appearance of being an "all American boy," with a mother who is a doctor. However, the claim alleges that Pinsky, now 18, along with others involved, ruined innocent victim's lives and boasted about the multi-million-dollar heists. More: - Terpin is also suing AT&T for failing to protect him; however, the telecommunications company has asked a judge to dismiss the case.
- Terpin is awarded $75 million in crypto crime case.
- A crypto executive sues AT&T over a SIM-swapping hack.
SKY NEWS 
| |
 Binance Charity launches PPE token. As part of Binance Charity's Crypto Against COVID campaign, the organization is donating 200,000 masks and personal protection equipment (PPE) to hospitals and first-responders throughout New York City, according to an announcement. The PPE token will be used as a form of compensation and proof-of-delivery technology. The masks will initially be donated to the NY Presbyterian Hospital, NYU Langone, Mount Sinai Hospital, Lenox Hill Hospital, Montefiore Medical Center, Mount Sinai Beth Israel, Maimonides Medical Center, Staten Island University Hospital, Stonybrook Hospital, and Huntington Hospital. One PPE token is worth $0.02 and one token will aid the delivery of one mask to a designated hospital in New York. More: - As masks are delivered, PPE tokens are released from hospital wallets to couriers, showing that the last step has been completed.
- Binance shipped 400,000 surgical masks to Italy, which are distributed to hospitals in the country.
- Binance Charity and Integro Foundation commited $1 million to the Crypto Against COVID campaign.
BINANCE
| |
 A message from INSIDE.COM Most other newsletter campaigns are all-or-nothing. At Inside, we only show your ads to readers who fit the parameters you want to target. Team up with Inside and reach 550k plus leaders in sales, marketing, IT, finance as well as developers and designers. Learn more
| |
 Follow Friday: David Nage. Nage is principal and strategic relations at Arca, an investment management firm offering institutional-calibre products to gain exposure to digital assets. In his role, he is responsible for overseeing distribution, investor relations, strategic partnerships, and identifying investment opportunities. Nage's career spans almost 20 years in finance, with the last 10 years working with three family offices, focusing on direct investments in emerging, early-stage technology. Over the past three years, Nage has been connected with the blockchain and digital assets space. Some of his tweets focus on Bitcoin and what its halving event means, how Paul Tudor Jones has done his homework on Bitcoin, and how Bitcoin is showing momentum ahead of the halving. You can follow him @DavidJNage.
| |
Crypto Masterclass, featuring Mark Yusko. Our Crypto Masterclass feature showcases a well-known thought leader or expert in the crypto space. Today, I focus on the views of Mark Yusko - CEO of capital management giant Morgan Creek - who talks about where he thinks the price of Bitcoin will go. "You could easily see that $400,000 to $500,000 price sometime." Yusko was giving his views on the price of Bitcoin this week with Altcoin Buzz. In his view, he thinks that by 2021 or 2022, the price of Bitcoin could hit $100,000, adding that this may be the "biggest wealth creation opportunity" he'll see in his lifetime. Comparing the crypto asset to that of gold, Yusko notes that Bitcoin could equal the market cap of the yellow metal and that it was "perfectly logical" for Bitcoin to reach $400,000 to $500,000. ALTCOIN BUZZ/YOUTUBE
| |
 A message from LIKEWISE The Best Netflix Originals of 2020 (So Far) We’ll save you the endless Netflix scrolling. From dramas to reality series, here are the best originals Netflix has released this year. Fair warning: you’re going to want to binge-watch all of these. View List
| |
A research paper shows that the majority of crypto transactions are valueless. The researchers of the paper examined network traffic of three high-scalability blockchains: EOS, Tezos, and XRP, over a three month period. The authors - Daniel Perez, a Ph.D. from Imperial College London; Jiahua Xu, University College London researcher; and Benjamin Livshits, a Brave chief scientist - found that only a small fraction of transactions are used for value transfer purposes. In particular, the research showed that 95 percent of the transactions on EOS where the result of an airdrop of a valueless token, 82 percent on Tezos was used for maintaining consensus, and only 2 percent of transactions on XRP were considered valuable. CORNELL UNIVERSITY
| |
Data: Bitcoin miners made over $400 million in revenue in April. In April, Bitcoin miners made $412.5 million compared to March's $380.1 million, due to a steady recovery of Bitcoin's price. According to new research, most of this revenue came from block rewards, which at present amounts to 12.5 Bitcoin. This figure will drop to 6.25 Bitcoin next week, when Bitcoin goes through its third halving event. This takes place roughly every four years, or when 210,000 blocks are mined. THE BLOCK
| |
 |  | 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. | | | | Editor | Beth Duckett is a former news and investigative reporter for The Arizona Republic who has written for USA Today and other publications. | |
Reach 550k plus decision-makers in tech and business. Learn more about our advertising opportunities here. | |
| |
