Hey insiders! Know anyone with a very strong understanding of business, VC, data, and tech who also loves to write? Send them our way! We're hiring several Business Researchers to join our 100% remote team in July. Reply here or check it out at jobs.inside.com. In today's newsletter: Best, | |  Rebecca |  | | |
Market Watch Friday trading sees most coin prices in the red. Bitcoin has slipped further toward the $9,000 mark and is down nearly $500 from Tuesday's high of $9,660. | Bitcoin | $9,164 | -0.82% | | Ethereum | $231 | -1.27% | | Tether | $1.00 | +0.07% | | XRP | $0.183 | +0.36% | | Top 100 Winner: Reserve Rights | $0.008 | +32.47% | | Top 100 Loser: SwissBorg | $0.110 | -15.52% | Prices are as of 3:00 p.m. ET.
| |
 Crypto.com's MCO Visa debit cards is one of those that have been affected in the U.K. by the suspension of Wirecard's subsidiary. The Financial Conduct Authority (FCA) has suspended Wirecard Card Solutions (WCS), which is responsible for issuing debit cards. The FCA said that WCS must not get rid of any assets or funds. In an announcement on Crypto.com's blog, the site said that its customers in the U.K. and Europe will not be able to top-up their cards or transact. However, Crypto.com assured that customer funds are safe and that it is working on moving the card program to a new provider. WCS also issued crypto debit cards for TenX and Cryptopay. More: - Earlier in June, it was reported that some of Wirecard's employees had, allegedly, defrauded the company and that accounting company EY couldn't confirm the existence of around $2.1 million.
- Wirecard CEO Markus Braun resigned a day after it was reported that over $2 million was missing from the company. James H. Freis has been appointed as interim CEO. Braun was arrested late Monday.
| |
The Bank for International Settlements (BIS) has issued a report that states central bank digital currencies (CBDCs) could be the "next step in the evolution of money." In its annual economic report, BIS went on to say that the issuance of CBDCs is not in response to the proposal of stablecoins in the crypto market but rather as a "technological effort" by central banks to pursue several objectives such as financial inclusion, fast and inexpensive payments, and continued innovation in payments. BIS added, though, that a thoughtful approach is needed with the creation of a CBDC. BANK FOR INTERNATIONAL SETTLEMENTS 
| |
 A message from BRILLIANT The top skills that employers look for? Problem-solving, critical thinking, and communication Are you spending time developing these skills? Today's the day you sign up for the premier problem-solving platform - Brilliant - to put yourself in the right direction for a successful career. Take advantage of 20% off the annual subscription (for the first 200 of you), and stand out from the rest! Learn More
| |
Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Chamath Palihapitiya, the CEO of Social Capital and Virgin Galactic chair. In his opinion, as Bitcoin is not linked to financial markets, people should invest one percent of their wealth in it. "If your Bitcoin bet pays off, it will be cataclysmically destructive for the world." In an interview on the podcast "Unchained" earlier this week, Palihapitiya said that people need something like Bitcoin to act as insurance against governments who end up making bad decisions, adding the Bitcoin is "really fundamentally uncorrelated" to financial markets. However, he went on to say that for Bitcoin to increase in value, the financial system will have to take a drastic turn for the worst, which will impact friends and family. Palihapitiya believes that Bitcoin is one of the ways to get a massive payoff from a small investment, such as a $1,000 payoff for a $1 investment – he thinks people should invest one percent of their portfolio into Bitcoin. UNCHAINED PODCAST
| |
 Bitcoin.com has introduced a new service that enables users to send Bitcoin Cash via email. Bitcoin.com founder Roger Ver says this is a unique service that is unrealistic with Bitcoin because of its high fees. Ver said that the service can be done anywhere worldwide and it preserves user privacy. If the receiver of the funds doesn't claim them after a number of days, the money is sent back to the original sender. More: - On June 24, it was reported that Bitcoin.com's forum would be closing July 23; however, the site didn't specify the reasons behind the decision.
- The following day, Ver said that the site forum's closure announcement was premature, adding that the site will soon make a reversal announcement.
COINTELEGRAPH
| |
 A message from TALKWALKER Brand Love Story 2020 - The World’s Most Loved Brands Using the power of social listening, Talkwalker collected & analyzed the data from 780+ brands in 28 different industries to identify the 50 most loved brands in the world. The report reveals the top moves to replicate and earn your brand love. Download Now
| |
Limited edition Nike trainers will be traced using VeChain's blockchain platform. Australian shoemaker Chase Shiel and retailer The Kickz Stand have teamed up to produce a limited edition of the Nike Air Max 1 shoes, which will go on sale from June 28 through Chase Shiel's website. On Twitter, Chase Shiel said that the tracing of the shoes will be powered by VeChain's ToolChain Suite and Thor Blockchain. The shoes will be shipped with a VeChain tracking chip, enabling buyers and retailers to access product information through a QR code. 
@THEKICKZSTAND/TWITTER
| |
Quick Hits - Core Scientific, a Bitcoin mining farm, has purchased 17,595 Bitcoin miners from Bitmain, making it the largest number of S19 miners bought from a single company. The purchase comes at a time when Bitmain is in turmoil due to a feud between its two founders, Wijan Wu and Micree Zhan, which has threatened the production and delivery of new miners.
- Cobra, the pseudonymous owner of Bitcoin.org, has terminated its ties with maintainer Will Binns over a disagreement. In a shared exchange, Cobra claimed that Binns believed that his work contributing on Bitcoin.org conferred on him more authority than was previously agreed upon.
- Darknet transactions on LocalBitcoins dropped 70% after it introduced anti-money laundering (AML) and know-your-customer (KYC) regulations last September, according to the platform.
- Join Teachable's Online Coaching Challenge to make your first coaching sale this July. Register before June 30th!*
*This is sponsored content.
| |
 |  | 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 | Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending. | |
| |
The leading social media analytics & monitoring tool, trusted by brands and agencies worldwide. | |
49,113 subscribers
