Historic Week / $50,000 / EOS / Secret Service

Subscribe | View in browser Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms: $BTC (12:16 p.m. EST): $7,484.79 (0.91%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More… $BCH (12:16 p.m. EST): $791.25 (-3.51%) // 90-day high: $1,786.80// 90-day low: $608.37 // More… $ETH (12:16 p.m. EST): $460.10 (-2.14%) // 90-day high: $831.65 // 90-day low: $365.43 // More… $LTC (12:17 p.m. EST): $84.83 (-2.43%) // 90-day high: $251.03 // 90-day low: $73.12 // More… $XRP (12:17 p.m. EST): $0.45 (-4.28%) // 90-day high: $1.20 // 90-day low: $0.43 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Bitcoin is poised to log seven consecutive positive days, something it has not done in over a year. The digital currency has had six consecutive winning days since July 14. A seventh would be the first time since June 6 of last year when bitcoin traded for less than $3,000 per coin. Analysts remain split on the recent price surge: Some see at as the beginning of a bull market, while others are more skeptical. -MARKETWATCH       What Kind of Coding Program Is Right for Me? Want to break into tech but not sure where to start? Flatiron School has already helped thousands of students start new careers in tech. Take our quiz and find the course perfect for you today. For an ad-free experience, upgrade to Inside Premium       2. BitMEX CEO Arthur Hayes believes bitcoin will fall to $5,000 per coin before heading to $50,000 later this year. The price of bitcoin jumped nearly $800 in an hour on Wednesday. Hayes believes that jump coincides with a quick surge of investors entering around the same price levels. He said the coin could jump as high as $10,000 before crashing to $5,000 on the road to his year-end prediction. –COIN TELEGRAPH       3. Bitcoin has a market dominance of 45 percent, its highest since early April. The digital currency has a market capitalization of $127.8 billion, a number that has jumped significantly in the last week. That increase, though, comes as altcoins have struggled. Ripple, stellar, and IOTA have all lost more than five percent of their value in the last week. Other coins like NEO, BNB and ICX have also suffered significant losses. –ETHEREUM WORLD NEWS       4. EOS topped the most recent Chinese government rankings of blockchain networks. EOS held the top spot for the second consecutive month. This is the third report the Chinese government has issued that takes into account the backing technology, applicability, and innovation. Ethereum was ranked second while Nebulus was third. Bitcoin did not rank in the top 15. -CCN       5. Blockchain, the United Kingdom company that manages 26 million digital wallets, has hired a former U.S. Secret Service agent to head security. George Sax will work as the company’s head of global security. He was in charge of the Secret Service’s Office of Investigations and also managed security for the 2016 U.S. presidential campaign. -BLOOMBERG       6. The developers behind Raiden have launched a new test network. The release features a minimal implementation of the scaling solution that will allow ethereum tokens to be traded on off-payment channels. Most importantly, this testnet will be the final one to test the technology before it goes live for everyday use. -COINDESK 7. The Brookings Institute, a non-profit think tank, has begun a series on blockchain development in China. The first two parts look at how private industry and the central government have fueled innovation. -BROOKINGS 8. In this video, CNBC looks at the recent bitcoin surge. More importantly, the report highlights what has changed in the cryptocurrency industry that may have supported this push. -CNBC 9. BitMart Token (BMX) has been listed on CoinMarketCap. The coin has a daily trading volume of more than $22 billion, making it a top 50 cryptocurrency. –ETHEREUM WORLD NEWS 10. Blockonomi has a beginner’s guide to ethereum. It’s helpful for those new to crypto or who want a refresher on the underlying technology. -BLOCKONOMI       From the Forums Samsung may start accepting bitcoin. Italian university to register degrees on blockchain. A litecoin license plate.

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Bitcoin unites

An effort to hold down transaction fees heals a rift in the bitcoin community

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Sponsored by  July 20, 2018 HEALING A RIFT: Backed by some of the biggest cryptocurrency companies such as Coinbase, Square and BitGo, a new initiative called Bitcoin Optech seeks to help firms that rely on bitcoin software adopt scaling technologies, including those that will push the transaction fees lower. John Newbery, a Bitcoin Core contributor who is leading the effort, said it has also been "bringing people together," no small feat in the wake of last year's bitter, divisive block size debate, which pitted businesses against devs. Full Story SEIZED: A county police force in UK became the first in the country to seize and exchange bitcoins that were discovered during a criminal investigation. The Surrey police obtained 295 bitcoins last October after arresting a person who has since been convicted for money laundering and sentenced to nine years in prison. A local court ruled on Thursday that the police department was entitled to confiscate these bitcoins and can further keep 18.8 percent of the proceeds (an estimated £273,000) as part of its operating budget. Full Story THE SUN KING: It only took one day for Justin Sun, the founder of tron, to win his own blockchain’s election. Currently ranked at No.11 on CoinMarketCap, tron launched the election in June to select its “super representatives,” nodes elected by token holders to validate transactions, create blocks and compete for rewards. Sun announced Wednesday that he would run in the election and by Thursday he had won over 120 million votes, which guaranteed him a spot to run one of the 27 notes validating the $2.5 billion tron network. Full Story RESEARCH BLAST Hashrate (i.e. computing power spent making it costly to reverse transactions) is used to measure the security of a blockchain. It was a very effective way to gauge the growth of the bitcoin blockchain. However, cryptocurrencies with different mining mechanisms have emerged that make hashrate less precise when measuring across cryptos. Miner revenue is a better apples-to-apples metric for comparative purposes. It is the USD sum of block rewards and transaction fees per day paid to miners. Learn more insights in the CoinDesk Q2 State of Blockchain report next week. More research SPONSOR SECTION   At Finova Financial, we see blockchain and crypto replacing Wall Street with something bigger and better. Taking business and investment to the blockchain will lower barriers to entry while creating a more transparent and agile environment for enterprises and entrepreneurs. Visit our website and see what blockchain and crypto pioneers like Jeremy Gardner and Finova’s Gregory Keough have to say. Learn More   BEST OF THE BEST QUARTZ: In this 7-minute-long video, Quartz reporter Preeti Varathan takes a look at how the Maduro regime in Venezuela is using its own cryptocurrency to stay in power. While decentralized currency usually is associated with freedom and the devolution of power, the video seeks to answer a perplexing question: why do oppressive rulers love cryptocurrency?   THE REST BLOOMBERG: George Sax, a former special agent and senior official of the U.S. Secret Service, is joining Blockchain Ltd., the crypto wallet provider, as its global head of security. The news wire said the company is now managing more than 26 million digital wallets across 140 countries. Hence the need for security expertise. FORTUNE: This year’s 40 Under 40 list by Fortune contains some of the usual names such as Facebook’s Mark Zuckerberg and Instagram’s Kevin Systrom, but at the same time, cryptocurrency is also gaining in stature, with Brian Armstrong, co-founder and CEO of Coinbase, ranked at No.20. Notably, Armstrong is one spot ahead of singer Rihanna on the list. Immediately following Rihanna at No. 22 is the creator of ethereum, Vitalik Buterin. Make of that what you will.   We've launched Markets Daily, our trader-specific newsletter. Registration is open for all Blockchain Bites subscribers. To register, click here and add Markets Daily to your list of newsletters. Register Here   WHO WON #CRYPTOTWITTER   ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk, All rights reserved.  Our mailing address is:  636 Avenue of the Americas New York, NY, 10011, US  Want to change how you receive these emails? You can update your preferences or unsubscribe from this list