Dear readers, Just a reminder that you can still sign up for our premium newsletter, which will provide access to all these features and more: - Full access to content five days a week, advert-free.
- Q&As with crypto experts, such as Ray Youssef, CEO and co-founder of Paxful.
- The latest studies on crypto, including our own in-depth analysis.
- Our Throwback Thursday feature, which looks back at the most newsworthy items over the last decade.
If you'd like to continue reading all of Inside Crypto and its special features, click here to upgrade to premium for $10 per month. You can also get two months free when you buy the one-year package for $100. Stay healthy, stay safe, | |  Rebecca |  | | |
The crypto market isn't doing any better after U.S. oil prices fall below zero yesterday amid the COVID-19 crisis. Tuesday trading sees coin prices across the board in a sea of red, with Bitcoin trading below the $7,000 mark. - Bitcoin: $6,848 (⬇️ 3.05%) // $125.5 billion market cap.
- Ethereum: $172 (⬇️ 3.96%) // $19.06 billion market cap.
- XRP: $0.184 (⬇️ 3.03%) // $8.1 billion market cap.
- Tether: $1.00 (⬇️ 0.15%) // $6.3 billion market cap.
- Top 100 Winner: Enjin Coin: $0.109 (⬆️ 10.67%) // $89 million market cap.
- Top 100 Loser: Bytecoin: $0.0002 (⬇️ 10.85%) // $41 million market cap.
Prices are as of 2:30 p.m. ET.
| |
 Ripple and its CEO have filed a lawsuit against YouTube. A lawsuit filed today accuses the video-sharing platform of turning a blind eye to crypto scams that defrauded consumers. In a complaint filed in San Francisco federal court, Brad Garlinghouse and payment protocol Ripple have accused YouTube of damaging their brand and reputations. They are seeking an unspecified amount of financial compensation. According to the complaint, YouTube failed to spread of the scam videos, which often ask victims to send a small amount in return for a large amount of money. In one instance, a real interview of Garlinghouse is used in a scam giveaway, which claims that people will receive between 20,000 and five million XRP if they initially send between 2,000 and 500,000 XRP to a given address. FORTUNE 
| |
Report: BitMEX is struggling to recover following March crash. Mid-March saw the price of Bitcoin drop to below $4,000 and one of the platforms that suffered, as a result, was derivatives exchange BitMEX... | |
Open Finance startup provides $50k for bets placed on COVID-19. Gnosis, an Open Finance startup, has created a decentralized prediction marketplace... | |
British researchers are trialing a blockchain-based certificate to protect consumers against COVID-19 risks. A British university is turning to the blockchain to manage COVID-19 risks across supply chains... | |
dForce hacker returns stolen $25 million worth of crypto to the DeFi project. According to a blog post over the weekend, Lendf.Me, a lending protocol on the dForce network, was attacked, resulting in the theft of $25 million worth of crypto. Following the hack, the platform temporarily paused activities and pulled down the website to investigate the matter. Those involved were able to gain access to $10.43 million worth of USD stablecoins, $9.63 million worth of Ether, and $4.30 million worth of Bitcoin. Yesterday, it was reported that the hacker had returned $2.6 million worth of assets and that the cybercriminal had leaked important metadata about themselves. There was some suggestion that, due to a police investigation, the hacker would be forced to return the remaining funds in hopes of more lenient treatment. It appears that the rest of the stolen funds have now been returned. BBC
| |
 Chainalysis: $900,000 in Bitcoin used to purchase child sex abuse material. In its latest analysis on the use of crypto to buy child sexual abuse material (CSAM) via the darknet, Chainalysis found that $930,000 worth of Bitcoin was traced to addresses linked to CSAM providers last year. This represented a 32 percent increase from 2018, which, in turn, showed a 212 percent rise from 2017. The report found that there were frequent low-value payments around $10 and $50 between 11 p.m. and 5 a.m. While the company said that the $930,000 was a small amount when taken across all crypto activity, it did raise concerns about the use of crypto within an exploitative sector. COINTELEGRAPH
| |
 Anthony "Pomp" Pompliano has given his view on what Wall Street thinks of the crypto market. In a tweet, the co-founder and partner of Morgan Creek Digital implied that while Wall Street may not have a positive opinion of crypto, "a shitcoin has never traded negative." His tweet is in reference to the fact that oil prices dropped below zero yesterday amid the coronavirus crisis. Due to an oversupply of crude, producers have been forced to pay buyers to take the barrels off their hands. For the first time in market history, the U.S. oil price fell below zero before climbing overnight. It then dropped back to -$4.29 as trading in Europe started today. @APOMPLIANO/TWITTER
| |
Crypto trading app Robinhood is seeking $250 million. The platform is seeking the money to make up for outage problems it experienced last month... | |
 |  | 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. | |
