Flamethrower / Ticketmaster / Bitcoin Premium / Blockchain Revenue

Subscribe | View in browser $BTC (1:31 p.m. EST): $6,464.03 (-0.92%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More… $BCH (1:31 p.m. EST): $442.16 (-0.06%) // 90-day high: $844.12// 90-day low: $420.58 // More… $ETH (1:32 p.m. EST): $204.14 (-0.11%) // 90-day high: $531.53 // 90-day low: $171.58 // More… $LTC (1:32 p.m. EST): $53.39 (1.52%) // 90-day high: $107.31 // 90-day low: $49.35 // More… $XRP (1:32 p.m. EST): $0.45 (-0.33%) // 90-day high: $0.57 // 90-day low: $0.22 // More… Here are the 10 most important stories about bitcoin and cryptocurrencies today       1. Elon Musk's The Boring Company will not accept cryptocurrencies, including bitcoin, ethereum, and litecoin. The company most notably sells a flamethrower for $500. Musk founded The Boring Company to dig tunnels that his Hyperloop transportation system will eventually operate in, but has added some retail products as well. –THE NEXT WEB       2. Ticketmaster has acquired Upgraded, a blockchain-focused live events company. Ticketmaster will merge Upgraded's technology with its own to bring blockchain to better control ticket distribution. The company also hopes that blockchain will better protect clients from fraud associated with the existing ticket system, which still uses PDF-based tickets. –COIN TELEGRAPH       Meet the Expense Report Killer That Just Raised $57m in Funding Crumpled receipts, late nights, lots of staples. Sound familiar? Divvy is the answer to your expense management prayer, completely eliminating expense reports for good! More powerful than any other solution, Divvy is 100% free and offers decision makers $100 just to take a demo. Get your $100 now!       3. Bitcoin has been selling for a $300 premium on Bitfinex. The increased price has coincided with rising concerns around the stablecoin tether. Many analysts believe that investors want to sell tether in exchange for bitcoin. Tether and Bitfinex share management, so users of the exchange hold more tether than on almost any other exchange. –BITCOINIST       4. Blockchain will generate more than $10.6 billion in revenue by 2023. That prediction, which comes from a new report by ABI Research, is generated from expected software sales and services, particularly in the global supply chain. The blockchain is yet to generate notable revenue, but a number of large companies, including Walmart, have begun pilot projects that may one day lead to monetary rewards. –COMPUTER WORLD       A 6-week MIT blockchain course Be guided by MIT faculty as you learn to harness the power of blockchain technology to solve real-world business problems in your organization. Find out more.        5. Ad Week profiles Pras Michel, the Grammy-winning member of the Fugees, who will release a blockchain-enabled smartphone later this year. –AD WEEK 6. A Norwegian man was stabbed to death after trading bitcoin for bitcoin cash in person. –BITCOINIST 7. The Venezuelan government has authorized six exchanges to sell petro, the country's national cryptocurrency. –BITCOIN.COM 8. Bitcoin's price slump has led to more M&A. –CNBC 9. Nicholas Gelfman, CEO of cryptocurrency hedge fund Gelfman Blueprint, Inc., has been ordered to pay more than $2.5 million for operating a Ponzi scheme. –COIN TELEGRAPH 10. A Capgemini study argues blockchain can "revolutionize" businesses in the United Kingdom. –TECH RADAR       Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon. Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).       Capitalize on the economic opportunities offered by blockchain technology with MIT Sloan. Dozens of analysts covering news on 2,000 coins in 24/7 realtime. Over 80,000 staff-written headlines. CryptocurrencyNewsfeed.com Know the FATCA requirements, register now for our AP Tax Compliance webinar with KPMG.

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Sia's blockade

To view this email as a web page, go here.

Sponsored by   October 19, 2018 BLOCKADE: The formal code for Sia's upcoming hard fork has been released, setting the stage to pit the network against rival makers of special-purpose mining hardware. In an announcement on sia's official channel on Discord, David Vorick, the founder and CEO of Nebulous, stated that the network plans to block the mining hardware of all major manufacturers, like Bitmain, thereby forcing miners to utilize products designed by its subsidiary, Obelisk. The network fork is set for October 31st and will also include new code for resisting Sybil attacks, wherein alternate identities (nodes) are created to exploit a network. The post mentioned that the security update will also handle "other methods that could be used to manipulate a host unfairly into the top ranks." Full Story HACK DATA: The North Korean hacking group, dubbed Lazarus, is responsible for the theft of over $500 million in cryptocurrencies, according to a new report.   Research from Group-IB has linked the hacking group to over 14 hacks since January 2017.  The cybersecurity report stated that, more broadly, $882 million in cryptocurrency was stolen from exchanges from 2017 to 2018, and the security firm warned that the number of hacks is likely to increase with the entry of traditional financial institutions. Full Story   SEC HUB: On Thursday, the U.S. Securities and Exchange Commission announced a new division that aims to shore up communication between the agency's officials and fintech firms, including ICO and token startups. The division, called the Strategic Hub for Innovation and Financial Technology (FinHub), seeks to help such companies navigate the legal implications of their products by clarifying any and all questions they may have.  The group will be headed by the SEC's senior advisor for digital assets and innovation, Valerie Szczepanik, with the rest of the staff beng pulled from SEC offices that have experience with fintech-related issues. Full Story What’s the point of stablecoins? With the hype swirling around stablecoins, let’s explore the proposed use cases for such tokens:  Traders found that the most popular use for stablecoins is as a means to exit positions. This allowed them to perform a like-for-like exchange which neutralized a taxable sale event of exiting to fiat. (This year's tax update takes that advantage away.) Much less popular is actually using then as currency. Since there's not as much volatility, stablecoins seem like the best crypto to use in commerce especially for normal people. However, then why not just use fiat? If not gaining the advanced smart contract or sound money features, it seems odd to take on the additional risk of crypto-fiat over government-issued currencies. For more research insights check out the CoinDesk Research section here. You can also follow CoinDesk's research analyst  Peter Ryan on Twitter for the latest insights. SPONSOR SECTION   Consensus: Invest is for institutional investors that are looking for an outlook on where the crypto asset market is headed in 2019.  We have leading including Mark Casady from Vestigo Ventures, Glenn Hutchins from North Island & Silver Lake and Mark Yusko from Morgan Creek Capital Manageemnt.  We also have leading analysts including Spencer Bogart from Blockchain Capital, Ari Paul from BlockTower and Tuur Demeester from Adamant Capital. Don't miss this full day event on November 27th here in New York. Register Now   MIMIC MARKET: The setup for a bullish breakout was all for nought as the cryptocurrency market has mimiked the US stock markets. Thursday saw the S&P 500 opening on a negative note, closing with a 1.4 percent loss. The bears are gaining on BTC, but fortunately, the damage was limited to a drop of 1.19 percent. Full Story BEST OF THE BEST CNBC: New research from PitchBook and compiled by JMP Securities states that the total number of blockchain and crypto-related M&A deals increased by more than 200 percent at an annualized rate this year. CNBC reports that despite the ‘crypto winter’, where cryptocurrencies have lost more than 65 percent of the total market capitalization, several companies are trying to get in the game by buying firms rather than building new ones. THE REST  FINANCIAL TIMES: Hannah Murphy for the Financial Times has sought to trace the cause for the price decline of the world’s second largest cryptocurrency, ethereum. One possible culprit: failing ICOs selling off their ETH holdings put undue pressure on the market at a delicate time, following the late-winter crash of the wider crypto market.  Still, supporters stress that the valuation of ethereum is inconsequential in comparison to the technological implication that smart contracts have on the industry.    BLOOMBERG: Genesis Global Trading, one of the largest over-the-counter cryptocurrency dealers, has loaned over half a million dollars worth of  cryptocurrencies. Bloomberg reports that the firm has active loans denominated in bitcoin, ether, XRP, bitcoin cash and other coins which institutional borrowers have used to take short positions.   We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk. Listen to Latest Episode and Subscribe   WHO WON #CRYPTOTWITTER   ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk. All rights reserved. Our mailing address is: 250 Park Avenue South New York, NY, 10003, US Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

Sia's blockade

To view this email as a web page, go here.

Sponsored by   October 19, 2018 BLOCKADE: The formal code for Sia's upcoming hard fork has been released, setting the stage to pit the network against rival makers of special-purpose mining hardware. In an announcement on sia's official channel on Discord, David Vorick, the founder and CEO of Nebulous, stated that the network plans to block the mining hardware of all major manufacturers, like Bitmain, thereby forcing miners to utilize products designed by its subsidiary, Obelisk. The network fork is set for October 31st and will also include new code for resisting Sybil attacks, wherein alternate identities (nodes) are created to exploit a network. The post mentioned that the security update will also handle "other methods that could be used to manipulate a host unfairly into the top ranks." Full Story HACK DATA: The North Korean hacking group, dubbed Lazarus, is responsible for the theft of over $500 million in cryptocurrencies, according to a new report.   Research from Group-IB has linked the hacking group to over 14 hacks since January 2017.  The cybersecurity report stated that, more broadly, $882 million in cryptocurrency was stolen from exchanges from 2017 to 2018, and the security firm warned that the number of hacks is likely to increase with the entry of traditional financial institutions. Full Story   SEC HUB: On Thursday, the U.S. Securities and Exchange Commission announced a new division that aims to shore up communication between the agency's officials and fintech firms, including ICO and token startups. The division, called the Strategic Hub for Innovation and Financial Technology (FinHub), seeks to help such companies navigate the legal implications of their products by clarifying any and all questions they may have.  The group will be headed by the SEC's senior advisor for digital assets and innovation, Valerie Szczepanik, with the rest of the staff beng pulled from SEC offices that have experience with fintech-related issues. Full Story What’s the point of stablecoins? With the hype swirling around stablecoins, let’s explore the proposed use cases for such tokens:  Traders found that the most popular use for stablecoins is as a means to exit positions. This allowed them to perform a like-for-like exchange which neutralized a taxable sale event of exiting to fiat. (This year's tax update takes that advantage away.) Much less popular is actually using then as currency. Since there's not as much volatility, stablecoins seem like the best crypto to use in commerce especially for normal people. However, then why not just use fiat? If not gaining the advanced smart contract or sound money features, it seems odd to take on the additional risk of crypto-fiat over government-issued currencies. For more research insights check out the CoinDesk Research section here. You can also follow CoinDesk's research analyst  Peter Ryan on Twitter for the latest insights. SPONSOR SECTION   Consensus: Invest is for institutional investors that are looking for an outlook on where the crypto asset market is headed in 2019.  We have leading including Mark Casady from Vestigo Ventures, Glenn Hutchins from North Island & Silver Lake and Mark Yusko from Morgan Creek Capital Manageemnt.  We also have leading analysts including Spencer Bogart from Blockchain Capital, Ari Paul from BlockTower and Tuur Demeester from Adamant Capital. Don't miss this full day event on November 27th here in New York. Register Now   MIMIC MARKET: The setup for a bullish breakout was all for nought as the cryptocurrency market has mimiked the US stock markets. Thursday saw the S&P 500 opening on a negative note, closing with a 1.4 percent loss. The bears are gaining on BTC, but fortunately, the damage was limited to a drop of 1.19 percent. Full Story BEST OF THE BEST CNBC: New research from PitchBook and compiled by JMP Securities states that the total number of blockchain and crypto-related M&A deals increased by more than 200 percent at an annualized rate this year. CNBC reports that despite the ‘crypto winter’, where cryptocurrencies have lost more than 65 percent of the total market capitalization, several companies are trying to get in the game by buying firms rather than building new ones. THE REST  FINANCIAL TIMES: Hannah Murphy for the Financial Times has sought to trace the cause for the price decline of the world’s second largest cryptocurrency, ethereum. One possible culprit: failing ICOs selling off their ETH holdings put undue pressure on the market at a delicate time, following the late-winter crash of the wider crypto market.  Still, supporters stress that the valuation of ethereum is inconsequential in comparison to the technological implication that smart contracts have on the industry.    BLOOMBERG: Genesis Global Trading, one of the largest over-the-counter cryptocurrency dealers, has loaned over half a million dollars worth of  cryptocurrencies. Bloomberg reports that the firm has active loans denominated in bitcoin, ether, XRP, bitcoin cash and other coins which institutional borrowers have used to take short positions.   We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk. Listen to Latest Episode and Subscribe   WHO WON #CRYPTOTWITTER   ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk. All rights reserved. Our mailing address is: 250 Park Avenue South New York, NY, 10003, US Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

Sia's blockade

To view this email as a web page, go here.

Sponsored by   October 19, 2018 BLOCKADE: The formal code for Sia's upcoming hard fork has been released, setting the stage to pit the network against rival makers of special-purpose mining hardware. In an announcement on sia's official channel on Discord, David Vorick, the founder and CEO of Nebulous, stated that the network plans to block the mining hardware of all major manufacturers, like Bitmain, thereby forcing miners to utilize products designed by its subsidiary, Obelisk. The network fork is set for October 31st and will also include new code for resisting Sybil attacks, wherein alternate identities (nodes) are created to exploit a network. The post mentioned that the security update will also handle "other methods that could be used to manipulate a host unfairly into the top ranks." Full Story HACK DATA: The North Korean hacking group, dubbed Lazarus, is responsible for the theft of over $500 million in cryptocurrencies, according to a new report.   Research from Group-IB has linked the hacking group to over 14 hacks since January 2017.  The cybersecurity report stated that, more broadly, $882 million in cryptocurrency was stolen from exchanges from 2017 to 2018, and the security firm warned that the number of hacks is likely to increase with the entry of traditional financial institutions. Full Story   SEC HUB: On Thursday, the U.S. Securities and Exchange Commission announced a new division that aims to shore up communication between the agency's officials and fintech firms, including ICO and token startups. The division, called the Strategic Hub for Innovation and Financial Technology (FinHub), seeks to help such companies navigate the legal implications of their products by clarifying any and all questions they may have.  The group will be headed by the SEC's senior advisor for digital assets and innovation, Valerie Szczepanik, with the rest of the staff beng pulled from SEC offices that have experience with fintech-related issues. Full Story What’s the point of stablecoins? With the hype swirling around stablecoins, let’s explore the proposed use cases for such tokens:  Traders found that the most popular use for stablecoins is as a means to exit positions. This allowed them to perform a like-for-like exchange which neutralized a taxable sale event of exiting to fiat. (This year's tax update takes that advantage away.) Much less popular is actually using then as currency. Since there's not as much volatility, stablecoins seem like the best crypto to use in commerce especially for normal people. However, then why not just use fiat? If not gaining the advanced smart contract or sound money features, it seems odd to take on the additional risk of crypto-fiat over government-issued currencies. For more research insights check out the CoinDesk Research section here. You can also follow CoinDesk's research analyst  Peter Ryan on Twitter for the latest insights. SPONSOR SECTION   Consensus: Invest is for institutional investors that are looking for an outlook on where the crypto asset market is headed in 2019.  We have leading including Mark Casady from Vestigo Ventures, Glenn Hutchins from North Island & Silver Lake and Mark Yusko from Morgan Creek Capital Manageemnt.  We also have leading analysts including Spencer Bogart from Blockchain Capital, Ari Paul from BlockTower and Tuur Demeester from Adamant Capital. Don't miss this full day event on November 27th here in New York. Register Now   MIMIC MARKET: The setup for a bullish breakout was all for nought as the cryptocurrency market has mimiked the US stock markets. Thursday saw the S&P 500 opening on a negative note, closing with a 1.4 percent loss. The bears are gaining on BTC, but fortunately, the damage was limited to a drop of 1.19 percent. Full Story BEST OF THE BEST CNBC: New research from PitchBook and compiled by JMP Securities states that the total number of blockchain and crypto-related M&A deals increased by more than 200 percent at an annualized rate this year. CNBC reports that despite the ‘crypto winter’, where cryptocurrencies have lost more than 65 percent of the total market capitalization, several companies are trying to get in the game by buying firms rather than building new ones. THE REST  FINANCIAL TIMES: Hannah Murphy for the Financial Times has sought to trace the cause for the price decline of the world’s second largest cryptocurrency, ethereum. One possible culprit: failing ICOs selling off their ETH holdings put undue pressure on the market at a delicate time, following the late-winter crash of the wider crypto market.  Still, supporters stress that the valuation of ethereum is inconsequential in comparison to the technological implication that smart contracts have on the industry.    BLOOMBERG: Genesis Global Trading, one of the largest over-the-counter cryptocurrency dealers, has loaned over half a million dollars worth of  cryptocurrencies. Bloomberg reports that the firm has active loans denominated in bitcoin, ether, XRP, bitcoin cash and other coins which institutional borrowers have used to take short positions.   We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk. Listen to Latest Episode and Subscribe     ConsenSys Jobs Blockchain Jobs Circle Jobs BitGo Jobs Copyright © 2018 CoinDesk. All rights reserved. Our mailing address is: 250 Park Avenue South New York, NY, 10003, US Want to change how you receive these emails? You can update your preferences or unsubscribe from this list