Hey everyone! 👋 Welcome to today's newsletter. Here's a quick summary of our top stories: - Macro investor is buying Bitcoin as a hedge against inflation (feature available to premium readers only).
- The University of Cambridge releases Bitcoin mining tracking tool (feature available to premium readers only).
- Throwback Thursday: Bitcoin Gold 51 percent hack.
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 25 slots left!) if you use the promo code Crypto50. Click here to upgrade to premium! Best, | |  Rebecca |  | | |
Bitcoin is continuing to climb in price during Thursday trading. However, the top four crypto assets aren't doing as well and have dropped in value overnight. XRP leads the way with a three percent drop. | Bitcoin | $9,465 | +1.93% | | Ethereum | $206 | -2.09% | | XRP | $0.214 | -3.00% | | Tether | $0.99 | -0.94% | | Top 100 Winner: ABBC Coin | $0.157 | +17.86% | | Top 100 Loser: Chiliz | $0.009 | -10.99% | Prices are as of 3:15 p.m. ET.
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 Macro investor is buying Bitcoin as a hedge against central bank money printing. This hedge fund manager is turning to Bitcoin against the inflation he expects from central bank money printing... | |
 The University of Cambridge releases Bitcoin mining tracking tool. The aim of the tool is to monitor mining activities across the globe, which looked at information from September to April... | |
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 Throwback Thursday: Bitcoin Gold suffers 51 percent attack. In May 2018, it was reported that Bitcoin Gold, a fork from the original Bitcoin network, had been compromised by hackers who were able to steal $18 million from online exchanges. The hack was significant as it demonstrated how dangerous a 51 percent attack and "double spend" attacks can be. Over three and a half days, hackers overwhelmed the Bitcoin Gold network, who then deposited large amounts of Bitcoin Gold funds at crypto trading platforms. Once these deposits had been made, they then converted the funds into another crypto asset before transferring the money to new accounts on other platforms. Following this, the hackers then undertook a 51 percent attack over the Bitcoin Gold network to reverse the original deposit, canceling the transaction, and returning the original funds to their personal wallets, which is also known as a double spend attack. In September, crypto exchange Bittrex removed Bitcoin Gold trading options after its team refused to pay over $250,000 as compensation for the attacks.
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Crypto Masterclass, featuring Massimo Buonomo. Our Crypto Masterclass feature showcases a well-known thought leader or expert in the crypto space, including their visions and advice for the future. "The price of Bitcoin is influenced by many factors, especially by the behavior of Chinese investors." According to Buonomo, this comes down to several factors, which are strong interest from Chinese investors for cryptocurrencies to move money out of the country; the availability to buy Bitcoin even when prices are high; and strong interest from China's central bank to control the money supply and crypto assets held by Chinese investors... | |
ECB report: Libra could amass $3.2 trillion in assets. A European Central Bank paper states that if Facebook's Libra gains popularity, it could see assets totaling as much as $3.2 trillion. However, it went on to note that if things don't go well for the stablecoin, it could pose risks for financial stability. The report looks at three areas of Libra: a means of payment, a store of value, which is regulated, and a store of value, which isn't. Turning to the global size of the Libra Reserve, the report estimates that it could almost reach $3.2 trillion of assets under management. However, according to the ECB, one of its main concerns is that the quality of stablecoins, as well as the technological and legal, means that asset management isn't covered by current rules, with the worry that this leaves users unprotected. DECRYPT 
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The Stellar Development Foundation invests $5 million in crypto wallet provider Abra. In an announcement, the injection of funding will aid Abra's integration with Stellar and the expansion of its financial services, which will bring new products to the Stellar network. Founded in 2014, Abra provides its users with investment opportunities in more than 100 crypto assets. With its integration with Stellar, Abra is hoping to democratize access to financial services by delivering a better infrastructure to new customers in emerging markets, said Bill Baryhdt, CEO of Abra. COINDESK
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 |  | 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. | |
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