BTC Interest Account / Samsung Blockchain / Coinbase Layoffs / Yelp Crypto Selection

Inside Bitcoin. $BTC (1:54 p.m. EST): $5,465.77 (-2.61%) // 90-day high: $5,642.04 // 90-day low: $3,391.02 / / More… $BCH ABC (1:54 p.m. EST): $272.01 (-9.07%) // 90-day high: $342.87// 90-day low: $108.89 // More

Presented by Subscribe | View in browser $BTC (1:54 p.m. EST): $5,465.77 (-2.61%) // 90-day high: $5,642.04 // 90-day low: $3,391.02 / / More… $BCH ABC (1:54 p.m. EST): $272.01 (-9.07%) // 90-day high: $342.87// 90-day low: $108.89 // More… $ETH (1:54 p.m. EST): $163.10 (-6.47%) // 90-day high: $184.38 // 90-day low: $133.76 // More… $LTC (1:54 p.m. EST): $71.96 (-7.51%) // 90-day high: $97.50 // 90-day low: $58.33 // More… $XRP (1:55 p.m. EST): $0.29 (-7.76%) // 90-day high: $0.37 // 90-day low: $0.29 // More…       1. BlockFi is now managing $53 million in crypto deposits and has lowered the minimum balance amount required to receive interest payments. BlockFi now allows you to deposit 0.5 bitcoin into an account to receive interest payments. Prior to this participants needed a full bitcoin, now worth $5,600, in order to open a BlockFi account. This move comes following public pressure to make the service more accessible as it expands its service internationally to India. The new rules will take effect May 1. -NEWS BTC       2. Samsung is developing its own blockchain network based on ethereum's protocol and may release a cryptocurrency. Samsung joins the fray of large public companies like Facebook and Microsoft who are working on blockchain and cryptocurrency projects. Samsung has a unit that has been actively developing the blockchain for over a year and it will join its line of crypto products that include its Galaxy S10 phone that can store crypto private keys and support blockchain based digital signatures. -COINDESK       A MESSAGE FROM ASANA Spend less time on busy work and make more time for the work that matters most.  Asana is the work management platform that helps teams organize goals, plan projects, collaborate on tasks, and automate recurring processes—all in real time, all in one place. In fact, customers report that Asana helps them achieve their goals 45% faster. Try it today and get 1 month free!  3. Coinbase has shuttered its Chicago office and laid off 30 employees in the process. The exchange opened its Chicago office about a year ago to take advantage of the city's financial expertise as is built out its matching engine aimed at high-frequency traders. High-frequency trading is no longer a priority for Coinbase, which has turned its focus to building out other products for consumers and financial firms. These layoffs come at a time when the price of bitcoin hit its yearly high of $5,600. Coinbase reported revenue of around $520 million last year, below analysts' expectations. -FORTUNE       4. Yelp now lets you search for and sort merchants according to whether they accept cryptocurrency. Yelp introduced this feature to all 99 million unique mobile visitors, giving users more control over their search options. Should they choose, Yelp can share search volume information with local businesses about potential visitors who search for cryptocurrency accepting venues. If search volume is high in certain areas and a certain business does not accept cryptocurrency, this information shared by Yelp could entice them to adopt cryptocurrency payments. -INVEST IN BLOCKCHAIN        A MESSAGE FROM OUR SPONSOR Fabric wants to help you secure your financial future. Are you prepared if the worst happens? Fabric Wills are a 100% free way to help protect your family's financial future. You can set guardians for your children, choose beneficiaries for your assets, and declare your final wishes. You can finish in 5 minutes, and we will show you how to make it legally binding too! Check out Fabric today.   5. John McAfee said he would unveil the identity of the creator of bitcoin, Satoshi Nakamoto, only to later back off that statement. -BLOOMBERG 6. Blockstack argues in their SEC filing that their Stax utility token is a non-equity and non-debt security. -@LEX_NODE 7. South Korean hospital Gil Medical Center launched an internal blockchain for a health data management solution. -CRYPTO NINJAS 8. IBM was awarded a patent for mobile data sharing tracked on a blockchain. -COIN TELEGRAPH 9. FinalMessage launched their web-based service to help users pass their bitcoin to trusted parties in the event of unfortunate and unforeseen events. -THE BLOCK 10. Jargon Watch: Earlier this month, we asked all our newsletter writers to write about a buzzword relevant to their readers. We're planning to make this a regular monthly feature and we're calling it JargonWatch (as a tribute to the WIRED feature). Our writers rose to the occasion with some fascinating inside info. Here are the top 10 in no particular order: From Inside Bitcoin:  wash trade Inside VR/AR: degrees of freedom Inside Venture Capital: pre-seed Inside Finance: FAANG Inside Real Estate: whisper listings Inside HR: emotional intelligence Inside San Francisco: sucker-free Inside Cannabis: touching the plant Inside Trump: Northern Triangle Inside Streaming: Netflexting If you have suggestions for future installments of JargonWatch, hit reply to this email and let us know. And look for next month's installment across Inside newsletters next Wednesday.       Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny. Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad

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April 24, 2019 TESTING BLOCKCHAIN: South Korean electronics giant Samsung is developing its own blockchain network based on ethereum, according to CoinDesk Korea. Citing an individual familiar with the matter, the report said that the company’s blockchain task force is building a blockchain mainnet, although it’s still at the “internal experimental” stage. When that work is completed, Samsung may also move to launch its own token too. “We expect Samsung Coin to come out in the market, but the direction has not yet been decided,” the source said. Full Story DOMAIN DISRUPTION: An effort to build a domain name system on top of the ethereum blockchain network is gearing up for a major upgrade early next month. At the heart of the upgrade is the replacement of the Ethereum Name Service’s registrar, with the goal of vastly speeding up the process of registering .eth, .xyz, and .lux domain names. What’s more, names registered on the ENS will be treated as non-fungible tokens (NFTs), allowing them to be bought and exchanged like similar kinds of tokens on the ethereum network. Full Story NEW YORK FIRST: A case involving millions of dollars in bitcoin and Western Union payments has resulted in New York State’s first conviction for cryptocurrency money laundering. The Manhattan District Attorney’s Office said that Callaway Crain and Mark Sanchez laundered $2.8 million earned through internet sales of steroids and other controlled drugs – much of which was paid in bitcoin. The two have now pleaded guilty and face a jail term of 2.5–7.5 years, with sentencing expected to take place on July 12. Full Story TOKENIZED BONDS: French financial services giant Societe Generale Group has issued about $112 million in bonds via a security token on the public ethereum blockchain. The firm’s subsidiary, Societe Generale SFH, used a token called OFH to represent the covered bonds, a type of security that is backed by specific assets but remains on the issuer’s balance sheet. “This live transaction explores a more efficient process for bond issuances,” Societe Generale said. Full Story LITECOIN LEADING? Bitcoin's rally from $4,950 to five-month highs above $5,600 seen over the last 10 days could be short-lived, as litecoin, which seemingly led markets higher in the first quarter, has dropped 13 percent in the same period. The case for pullback looks stronger if we consider the recent bullish-to-bearish shift in market sentiment, as represented by bitcoin's long/short ratio. Full Story​ BEST OF THE BEST FINANCIAL SPHERES: Decentralized finance (DeFi) is one still-emerging use case for blockchain tools, with companies like BlockFi and groups like the MakerDAO Foundation finding ways of applying the nascent technology to the world of finance. Wall Street Blockchain Alliance COO Steven Ehrlich writes in Forbes that “DeFi offers a number of tantalizing use cases,” but may have limits in long-term potential. He spoke with BlockFi and MakerDAO to better outline what some of these limitations may be. THE REST TORONTO TECHNOLOGY: Blockchain’s non-crypto use cases have “the potential to transform not only how we move, store and manage financial assets, but also [allow] us to finally rethink many of our institutions and address global problems,” writes author and blockchain advocate Alex Tapscott in the Vancouver Sun. In the piece, which comes during Toronto’s “blockchain week,” Tapscott outlines different uses for the technology, highlighting how it can benefit startups and individuals specifically, as compared to major corporations. RECORD RAISED: Financial institutions may be avoiding investing in crypto directly, but they have been investing in startups using the underlying blockchain technology – to the tune of more than $850 million this year alone. Business Insider reports that this amount of funding means 2019 may see a new record for the total amount invested, after startups raised some $2.4 billion in 2018 (which itself was a five-fold increase from 2017). Interestingly, this year's $850 million came through 13 different deals, while last year's sum was raised across nearly 120 different deals.    WHO WON #CRYPTOTWITTER Copyright © 2019 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