| Don't Miss The Top Five Stories From The Last Week
Federal Reserve Bank of St. Louis Adds Crypto Price Tracking to Research Database What is this all about?
The Federal Reserve Bank of St. Louis will now be tracking the prices of BTC, BCH, LTC, and ETH in its research database, using price data from Coinbase.
What does the president of the St. Louis Fed think about crypto and blockchain?
The president of the St. Louis Fed said in an interview that he didn't rule out Bitcoin as a potential future threat to the dollar. Get more details here.
Bithumb Hack Does Not Change Bitcoin Fundamentals, Says Litecoin Founder Charlie Lee What happened?
On June 19, South Korea's leading crypto exchange Bithumb was hacked, leading to the loss of $30 million worth of cryptocurrency. The exchange had to temporarily suspend all deposits and payments.
How does Charlie Lee explain this?
According to Lee, the price drop is a typical reaction of the market to the news about the hack, and "it happens all the time," because people get scared. According to Lee, the hack of a crypto exchange does not affect Bitcoin's (BTC) fundamentals just in the same way as a bank robbery should not affect the price of gold. Read more here.
Analyst Predicts Bitcoin Price Rebound Above $10,000 by 2019
What happened?
Todd Gordon, founder of TradingAnalysis.com, predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019.
What is this based on?
Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. Explaining his estimates, Gordon cited a "beautiful uptrend," and called the recent correction down from $19,000 "inconsequential" given the gains in BTC price since 2015. Read more here.
Cardano Co-Founder: Wall Street Will Bring 'Tens of Trillions of Dollars' to Crypto What is this all about?
Charles Hoskinson, co-founder of altcoin Cardano (ADA), tweeted that the entry of Wall Street into the crypto sector will bring in "tens of trillions of dollars." Answering a question about what exactly the crypto community is building, Hoskinson said "an entirely new world."
Who else on this side?
The "trillion" dollar value has also been bandied around before, as Dan Morehead — CEO of $1 billion crypto hedge fund Pantera Capital — said in April, that a $40 trillion crypto market is possible, due in part to Wall Street's increasing interest in clearing crypto trades. To get more details, read the article here.
Mike Butcher of TechCrunch: It Is up to the Industry to Get Its Own House in Order
What happened?
Mike Butcher, an editor-at-large of TechCrunch, is a pioneer of the tech and journalism industries. He spoke with Cointelegraph about the future of the crypto industry, Sci-Fi global currencies and how (not) to pitch at conferences.
What does he say about the crypto industry and blockchain?
"I think it is sort of a general theme — decentralization. It is really fascinating, you know. We had Google, Apple, Facebook, Twitter, Amazon, effectively build centralized networks for the last 25 years of development of the internet and what we are doing now is we are looking for [the] decentralized players of the future." Read the full interview here. | 
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