Welcome to today's newsletter. Today for our premium readers we have: 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. Right now, we're offering 50% off of our monthly plan (only 4 slots left!) if you use the promo code Crypto50. Click here to upgrade to premium! Best, | Rebecca | | | |
Market Watch Coin prices across the board are in the red during Thursday trading. Bitcoin has fallen to just above $9,000 following the reported news yesterday that 50 Bitcoins were moved, which were first mined back in 2009. Some suggested that it could have been Bitcoin's creator Satoshi Nakamoto; however, these claims have been dismissed. Bitcoin | $9,067 | -6.23% | Ethereum | $200 | -5.66% | Tether | $0.997 | -0.37% | XRP | $0.193 | -5.08% | Top 100 Winner: WAX | $0.041 | +16.23% | Top 100 Loser: Electroneum | $0.005 | -24.16% | Prices are as of 1:05 p.m. ET. | |
Coldplay bassist is backing a crypto startup, which aims to bring crypto into the mainstream. | |
Travala.com has merged with TravelByBit, backed by crypto exchange Binance. | |
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In May 2018, the U.S. Justice Department launched an investigation into Bitcoin traders in Britain into possible price manipulation. According to a report, sources said that the department was examining trading in the U.K., the U.S., and other countries amid concerns that groups were illegally moving crypto prices. Two sources aware of the investigation said that digital currency traders in Britain were the focus of the inquiry. At the time, officials wanted to know whether traders were employing a tactic known as spoofing, which involves flooding the market with buy and sell orders to push the price of an asset up or down before canceling the order after profiting from the price swing. At the time of the investigation, the price of Bitcoin dropped 5.1 percent to $7,518.19, whereas Ether fell by 6.8 percent to $581. | |
Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Ted Quek, CTO of the Broctagon Fintech Group. In an email sent to Inside Crypto writer Rebecca Campbell, Quek talks about the impact of crypto exchanges gaining exposure on traditional financial institutions following the news that JPMorgan offered accounts to crypto platforms Coinbase and Gemini earlier this month. Quek said: "It is interesting to see how the tables have turned here. A CEO who once called Bitcoin a 'fraud' is now recognizing the real-use cases for crypto in financial services." | |
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Crypto.com is to expand its MCO Visa card to Canada following regulatory approval. The announcement comes after the card launched in Singapore back in 2018, the U.S. in 2019, and more recently Europe. Earlier this month saw the expansion of its MCO Visa card services to 27 countries within the European Union, in addition to those in Iceland, Norway, Switzerland, and the U.K. Citizens of Canada can now book a card through the Crypto.com app, which includes a three-minute customer onboarding process including ID verification. The MCO Visa card is a prepaid card that can be topped up with crypto such as Bitcoin, Ether, Litecoin, XRP, and Crypto.com’s native MCO token. CRYPTO.COM | |
The Bitcoin.org website is getting a new owner. Originally registered by Satoshi Nakamoto, the creator of Bitcoin, and Bitcoin developer Martti Malmi, the website was transferred to a group of individuals in 2011 when Nakamoto left the scene. Acting as a resource for beginners interested in learning about Bitcoin, current co-owner Cobra has said in a Github post that they will be reducing their involvement in the site this year, adding that they won't be around anymore. Cobra went on to say that the domain will be left in trusted hands and that they had a few people in mind to take over. GITHUB | |
| | 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 | Edited by Elizabeth Barr, who creates and consumes at the nexus of media and tech. She ran sections and sites at publications such as the Buffalo News, AOL News and the Huffington Post before becoming a software developer, creating content-discovery products like FitPop and Where the Truck. Elizabeth's all-in on newsletters, covering news and pop culture on the sometimes-funny Mediavore. | |
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