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: A 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. Sign up now for a 14-day free trial! Best, | |  Rebecca |  | | |
Market Watch Coin prices are slightly up today during mid-week trading. Bitcoin is still clinging on to the $9,000 mark but can it go higher before the week's out? | Bitcoin | $9,154 | +0.19% | | Ethereum | $227 | +0.47% | | Tether | $1.00 | -0.04% | | XRP | $0.175 | -0.52% | | Top 100 Winner: Flexacoin | $0.003 | +40.00% | | Top 100 Loser: Quant | $8.36 | -9.95% | Prices are as of 3:00 p.m. ET.
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 The American Bankers Association (ABA) said that a central bank digital currency (CDBC) would give the Federal Reserve too much power. Testimonies that disagreed with the ABA were submitted June 30 to the U.S. Senate Committee. According to a June 11 testimony from the ABA, a CBDC could threaten the privacy and values of society. ABA said that creating its own CBDC would turn the Fed into a "near-monopoly provider," which could potentially see it becoming politicized as a control point that monitors and denies transactions. More: - The U.S. must look to "future-proof" the dollar with a CBDC, Accenture and the Digital Dollar Foundation said in a whitepaper published last month.
- A partnership known as the Digital Dollar Project is seeking to protect the dollar's status as the world's reserve currency, which could be under threat from other CBDCs.
- The Bank of Canada may be planning to develop its own CBDC. In June, a job posting revealed that the central bank was "reinventing central banking" and rethinking the nature of the Canadian dollar.
AMERICAN BANKERS ASSOCIATION 
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The Washington, D.C., Bar has given lawyers permission to accept crypto payments for their services. In its latest Ethics Opinion, the D.C. Bar said it wasn't "unethical for a lawyer to accept crypto" instead of a traditional form of payment, as long as the fee is reasonable and the lawyer takes the necessary security precautions to safeguard that crypto property. According to the D.C. Bar, the use of crypto is a new means of transferring economic value and paying for services. Other state Bars that have expressed positive views on the acceptance of crypto payments include Nebraska, New York, and North Carolina. DC BAR
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Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Vikalik Buterin, co-founder of Ethereum, who talks about expected transactions per second (TPS) on Ethereum 2.0. "100k TPS with eth2 (phase 1)." | |
 The number of crypto and blockchain-related companies in Japan increased by 30.7% since July 2019, a new report says. Monex Group's Monex Crypto Bank found that there were 430 crypto and blockchain-related firms as of May 2020. COINTELEGRAPH
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 Stefan Molyneux, who was banned from YouTube for hate speech, has received over $100,000 worth of Bitcoin Cash from supporters. Molyneux, who is alleged to be a white supremacist and alt-right activist, posted a video update on Twitter commenting about his ban on YouTube and requesting crypto donations. More: - At the time of publishing, supporters have sent him 444 Bitcoin Cash, which are worth $100,465.66.
- YouTube said that Molyneux broke the platform's hate speech policies. A spokesman said YouTune is working to "better address supremacist content."
COINTELEGRAPH
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Quick Hits - Crypto exchange Binance has become the third establishment to receive a branded emoji hashtag, CEO Changpeng Zhao said on Tuesday. It joins Bitcoin and Crypto.com.
- Officials at the University of California have paid hackers $1m in Bitcoin in order to regain access to encrypted data.
- Libra Association member Bison Trails has announced support for Ethereum 2.0., which will see the network move from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) one.
- To make informed decisions about whether to embark on – or grow – an ELK stack deployment, you need to understand the true (and often hidden) costs. This white paper from ChaosSearch offers a path to estimate the TCO of a production ELK stack.*
*This is sponsored content.
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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 | Written and curated by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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