Can blockchain solve Israel-Palestine?

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June 27, 2019 PALESTINIAN AID: The Trump administration is looking into whether blockchain technology can provide solutions to the longstanding Israel-Palestine conflict. No, really. The administration has been working with crypto startup Orbs to determine if blockchain can be used to more efficiently transfer aid to the region, co-founder Netta Korin told CoinDesk. White House advisor and presidential son-in-law Jared Kushner ran the sessions in Bahrain. There were no Palestinians present at the meeting. Full story DOWN AND OUT: Crypto exchange Coinbase suffered a brief outage Wednesday afternoon, with customers unable to access its website, mobile apps or API during a period of “degraded performance.” At the same time (though likely unrelated), bitcoin’s price fell nearly $1,800, stabilizing around $12,000. The price tanked again on Thursday, and has now fallen to below $11,000 as of press time. Full story DIFFICULTY INCREASE: Mining bitcoin is harder now than it has ever been before. Data from BTC.com shows that bitcoin mining difficulty has reached a new record high above 7.93 trillion. That’s a seven percent jump from the 7.45 trillion record set during the recent two-week adjustment cycle, which was the highest since October 2018. On average, miners on the world’s first blockchain have been performing calculations at an average 56.77 quintillion hashes per second (EH/s) over the last 14 days to compete for mining rewards. Full story GEMINI IN CHICAGO: Gemini is growing its team and expanding to Chicago as part of a push to upgrade and modify its technology. The exchange announced Thursday that it had brought on five new engineers, who used to be part of rival Coinbase’s engineering team, with experience in working on matching engines and other markets tools. While the new team will focus on supporting Gemini’s core products, part of their mandate will be to work on institutional-focused tools and tech. Full story SINGAPORE HACK: Singapore-based Bitrue lost some $4.2 million in a hack on Thursday, the exchange announced. The attackers were able to successfully steal 9.3 million XRP (worth around $4.01 million) and 2.5 million ADA (worth $232,000) and distribute the assets to different exchanges. “A hacker exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users,” the exchange said, though it assured customers that “this situation is under control.” Bitrue intends to make its customers whole, according to its announcement. Full story EXCHANGE SHUTDOWN: Indian crypto exchange Koinex is shutting down due to a de facto central bank ban on financial services for crypto companies. The Reserve Bank of India’s decree that banks cannot work with crypto startups is being challenged before the nation’s supreme court, but it is unclear how the case will end. “We have consistently been facing denials in payment services from payment gateways, bank account closures and blocking of transactions for trading of digital assets,” Koinex wrote. It follows Zebpay, which shut down last fall. Full story LEAPS AND FALLS: Bitcoin is witnessing a technical correction, having nearly doubled in value in the previous 17 days. While the intraday charts are favoring a deeper pullback to levels below $11,000, the long-term prospects remain bright. As a result, corrections could be short-lived and Wednesday's high of $13,880 could again come into play if the price breaks above a bearish channel seen on the hourly chart. Full story​ MISSING EXCHANGE: Ireland-based crypto exchange Bitsane appears to have pulled off an exit scam, disappearing last week with thousands in users’ cryptocurrencies, including bitcoin and XRP. The exchange has some 246,000 registered users as of last month, and some of these customers reported seeing issues in May. While most customers appear to have held a few thousand dollars in the exchange, one anonymous customer told Forbes that they held more than $150,000. Bitsane appears to have been a popular exchange for holding or exchanging the XRP cryptocurrency, with Ripple listing it as a platform customers could use until recently.  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

BTC Yearly High / BitMEX Record Volume / Singapore's Libra Reaction

Inside Bitcoin presented by Managed By Q.

Presented by Subscribe | View in browser Market Watch: Bitcoin reached its yearly high yesterday touching $13,485.85. Since then, the markets have tanked and every single coin in the Top 100 except two are down over the last 24 hours! Bitcoin: $10,832.72 (⬇️ 19.21%) // $192.64 billion market cap. Ethereum: $287.99 (⬇️ 17.37%) // $30.71 billion market cap. XRP: $0.40 (⬇️15.26%) // $19.70 billion market cap. Litecoin: $114.47 (⬇️ 14.87%) // $7.14 billion market cap. Top 100 Winner: XMax: $0.005 (⬆️ 79.34%) // $89 million market cap. Top 100 Loser: Energi: $6.48 (⬇️ 23%) // $113 million market cap. Prices are as of 4:07pm EDT.       1. Bitcoin hit its yearly high topping out at $13,485.85 yesterday. Speaking to CNBC, Genesis Global Trading CEO, Michael Moro, said, "Even the most optimistic crypto bulls would tell you that a 50%+ move in a week is too much too fast. The presence of leverage exacerbates the moves in both directions and affects the speed dramatically. Of course, bitcoin has a history of doing this (both upward and downward), but it's hard to call the magnitude of the move healthy." After hitting its high, a steep decline of almost $2,000 within 15 minutes happened around the same time that Coinbase was knocked offline as high user volume overwhelmed the servers. - CNBC       2. The daily volume on BitMEX hit a record high surpassing $11 billion. The Bitmex Twitter account tweeted, "Today sets a new record for crypto: >$1B open interest on XBTUSD, >$13B traded on XBTUSD, >$16B on all BitMEX products." BitMEX and the Real 10 volume of Bitcoin, which refers to the verifiable daily volume of bitcoin coming from exchanges regarded by Bitwise Asset Management for having a legitimate daily volume, accounted for nearly $17 billion in daily volume. - FORBES       A MESSAGE FROM FASTLY Extend the power of your core cloud to the edge with our API-first platform. Bring your innovative ideas to life, faster. Our edge cloud platform moves data and applications closer to users, at the network edge — so you can deliver fast, secure, and scalable online experiences. Take it for a spin and test up to $50 traffic, free. 3. Throwback Thursday: Bitcoin almost reached $14k last night hitting a high of $13,485.85. The last time Bitcoin breached $13k was January 14th, 2018. At the time, three weeks later on February 6th, 2018 Bitcoin nearly dropped 50 percent -- dipping to $7,013.10. Since hitting the high last night, the market appears to be correcting itself with Bitcoin dropping below $10,000 per coin at one point. Will we see the same pullback that we saw back in January 2018? Is this just a set back on a longer sustained run? Hit reply this email and let me know your thoughts.       4. The Monetary Authority of Singapore wants more information about Facebook Libra. MAS wants the information so it can decide how to categorize Libra as far regulation. MAS managing director Ravi Menon said, "At this point, it's not clear whether it offers a distinctly superior proposition to existing electronic payment mechanisms. We need to understand how exactly it's going to work" including the economics of the project as well as security and privacy issues, he added."  Menon also stated that Libra offered benefits in regards to the remittance market. -COIN DESK       A MESSAGE FROM MANAGED BY Q Your Checklist for Thoughtful Employee Onboarding Onboarding is critical to the success of your new employees. But how do you ensure a healthy employee-company relationship from day one? This checklist will help you build a bespoke onboarding plan to successfully set an individual up to thrive and grow with your company long-term. Get the checklist.  5. Amazon-owned Twitch enabled BTC and BCH payments within its platform. This comes after Amazon removed the ability to pay for subscriptions in BTC and BCH by disabling Bitpay in March. - COIN TELEGRAPH       6. XRP may become FATF AML compliant after a new partnership with Coinfirm. Coinfirm provides companies with information about users who use cryptocurrency excluding actual identities. - FORBES       7. Cryptocurrency exchange Bitrue was hacked for $4.2 million worth of XRP and ADA. The company said it will return 100 percent of the hacked cryptocurrencies to 90 Bitrue users that were affected.        8. The net worth of the Winklevoss twins doubled in the latest crypto bull run. Their combined net worth was $654 million at the beginning of the year and climbed to $1.45 billion yesterday. - BLOOMBERG       9. Coinbase was hit with an outage just as the price of Bitcoin dropped almost $2k in 15 minutes. A rush of user interest to the site as the price of Bitcoin increased was the reason for the outage. - COIN DESK       10. Mike Novogratz sold a "little bit" of Bitcoin as the price climbed 22% on Wednesday. In an interview with CNBC yesterday Novogratz said he wished he would have sold a lot more. - BLOOMBERG       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), David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology), and Bobby Cherry (senior editor at Inside, who's always on social media).

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