| | |  Rebecca |  | | |
Market Watch Coin prices are mostly in the green today during Tuesday trading. Compared to yesterday's trading, Compound is up over 20% in value today pushing its price up to $326 a coin. | Bitcoin | $9,660 | +1.93% | | Ethereum | $243 | +1.56% | | Tether | $0.999 | +0.14% | | XRP | $0.188 | +0.56% | | Top 100 Winner: Compound | $326 | +23.73% | | Top 100 Loser: DigiByte | $0.021 | -4.54% | Prices are as of 3:00 p.m. ET.
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 PayPal's Blockchain Research Group is seeking a senior blockchain research engineer. The job listing says the role will see the successful applicant developing proof of concepts, gain hands-on experience with various blockchain technologies, and pitch well-researched documentation to senior management. PayPal set up its Blockchain Research Group to determine the advantages and disadvantages of blockchain technologies and how they apply to PayPal. More: - Yesterday, it was reported that PayPal and Venmo are set to allow users to buy and sell crypto, according to people familiar with the matter.
- In 2011, Bitcoin advocate Charlie Shrem offered to work with PayPal in accepting Bitcoin, according to a tweet he posted yesterday. At the time, though, the payments company declined to work with him.
PAYPAL 
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Big four auditing company KPMG has launched a crypto management suite for financial institutions. The new KPMG Chain Fusion suite is aimed at assisting clients tackle complex problems that organizations face in the crypto market. It's also designed to help companies address issues from global regulators. According to Sam Wyner, director and co-lead of KPMG Cryptoasset Services team, KPMG Chain Fusion is bringing systems together under one roof, enabling them to work together with the correct processes and controls in place. KPMG
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Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Guy Hirsch, U.S. Managing Director of eToro. In an email sent to Inside Crypto writer Rebecca Campbell, Hirsch talks about PayPal and Venmo's plans to let users buy and sell crypto. "It was inevitable." | |
 A new post on the development of Ethereum 2.0 shows that steady progress is being made on the network upgrade. Ethereum 2.0, which will see the network move to a proof-of-stake (PoS) consensus model from a proof-of-work (PoW), has yet to go live; however, blog update number 12 states that those behind the scenes have been working hard. Some of the newest developments include a "new Solidity deposit contract formally verified and added to the bounty program." There is also another Altona testnet version, v0.12, which is expected to launch in the next week. More: - Phase 0 of Ethereum 2.0 will launch in 2020. Phase 1 is anticipated in 2021. Phase 2 and beyond are anticipated for 2021 or later.
- At the beginning of June, Vitalik Buterin, co-founder of Ethereum, said that the Eth2.0 scaling strategy has "basically" succeeded.
ETHEREUM
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The World Economic Forum (WEF) has said that while blockchain has made its mark, it's unlikely to become the "underpinning technology of all systems." Ashley Lannquist, blockchain project lead for the WEF, said that the biggest hurdle to blockchain adoption is identifying "high-value use cases" for it. Lannquist went on to say that the technology also has limitations, in particular scalability, anonymity, and governance. COINTELEGRAPH
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Quick Hits - Waves Association founder Sasha Ivanov doesn't want a new initial coin offering (ICO) bubble to be created out of decentralized finance (DeFi). While he said that he strongly believes in DeFi, he's also worried about the hype surrounding the space.
- The Italian Banking Association has said that it's willing to support the introduction of a digital currency from the European Central Bank (ECB). An update from the association shows that it has approved guidelines detailing its position on a central bank digital currency (CBDC).
- Bitcoin ATM company LibertyX has partnered with 7-Eleven, Rite Aid, and CVS to enable users to pay for Bitcoin purchases in fiat at 20,000 locations across the U.S.
- 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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