| | |  Rebecca |  | | |
Market Watch Coin prices continue to be down during Thursday trading. Bitcoin is trading closer to the $9,200 mark following a rise to around $9,600 earlier this week. | Bitcoin | $9,224 | -2.10% | | Ethereum | $233 | -2.77% | | Tether | $0.994 | -0.65% | | XRP | $0.182 | -1.41% | | Top 100 Winner: Quant | $8.31 | +15.08% | | Top 100 Loser: Seele-N | $0.083 | -18.90% | Prices are as of 3:00 p.m. ET.
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 Chris Larsen, Ripple co-founder, has said that the U.S. has been "slow to the [blockchain] game." In an interview, Larsen said that the U.S. needs to change its view of the blockchain and crypto space, stating that U.S. regulators have only helped China push forward. He went on to say that if regulators fail to provide clarity on the sector, which could aid the next global financial system, it could be a disaster for the U.S. More: WSJ / YOUTUBE 
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The U.S. Securities and Exchange Commission (SEC) has requested that Telegram return $1.2 billion of its $1.7 billion initial coin offering (ICO) sale. According to a document filed today, the SEC has asked the New York Southern District Court to order the penalty regarding the company's canceled Telegram Open Network (TON) project and its Gram token. The document states, among other things, that the defendants, Telegram Group Inc. and TON Issuer Inc., are "severally liable for disgorgement of $1,224,000,000." It also notes that Telegram Group Inc. is liable for a civil penalty amounting to $18.5 million. More: COINTELEGRAPH
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 TBT: The exploitation of the DAO Back in June 2016, a hacker was able to steal $50 million out of $160 million raised in Ether from a project known as the Decentralized Autonomous Organization (DAO). At the time of the hack, Nathaniel Popper, a reporter for the NYT who covered the event, said that this would most likely put an end to the project. Emin Gün Sirer, a computer science professor at Cornell, said: "This is one of the nightmare scenarios everyone was worried about." Funded by investors worldwide, the DAO was aimed at being a standard-bearer for cryptocurrency ventures. Prior to the hack, scientists had pointed out several vulnerabilities in the DAO's underlying code. The event subsequently sparked a debate as to whether Ethereum should undergo a hard fork to recover the stolen funds, which resulted in the network splitting in two. Ethereum continued on the forked blockchain and Ethereum Classic continued on the original blockchain.
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Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Kosala Hemachandra, the founder and CEO of MyEtherWallet. In an email sent to Inside Crypto writer Rebecca Campbell, Hemachandra talks about the perceived risks associated with Ethereum 2.0. To get more of Hemachandra's views and receive our Masterclass every day, sign up for Inside Crypto Premium. GET YOUR 14-DAY FREE TRIAL  | | | |
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ConsenSys and AMD have raised $20.5 million for a blockchain cloud service. The money will go toward funding a network of decentralized data centers for cloud computing for W3BCLOUD. First announced last January, W3BCLOUD intends to reduce reliance on existing cloud computing services, such as Amazon Web Services (AWS). Wael Aburida, W3BCLOUD's co-founder and chief investment officer, said that the aim of it is to deliver enterprise cloud computing blockchain infrastructure that provides increased speed and security. AMD’s graphics cards will power the data centers. W3BCLOUD
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QUICK HITS - Crypto exchange Kraken has awarded BTCPay $150,000 in Bitcoin, which is reported to be the largest to date for the BTCPay Server Foundation. According to Kraken, the donation coincides with its recognition of Micro-, Small and Medium-sized Enterprises Day on June 26th.
- Roger Ver, executive chair of Bitcoin.com, says the site's forum closure announcement was premature. Though the announcement is still on the website as of this writing, Ver says the site will soon make a reversal announcement. Yesterday, Bitcoin.com's forum abruptly announced that it would be closing; however, it didn't specify the reasons behind the decision.
- Chief architect at Drift cut nearly $2M from their annual AWS bill while serving 1.3 billion chats. Learn how he did it.
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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 | Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending. | |
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