TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Using bitcoin is a danger to the environment. Litecoin founder Charlie Lee will join Tron’s Justin Sun for a charity auction lunch with Warren Buffett. Controversial teen YouTuber Soph accepts bitcoin cash (BCH) tips. South African BTC ponzi scheme rakes-in $135,000 a day, and top cryptocurrencies are gaining in speculative price ahead of Facebook Coin formal announcement.



Soph Accepts BCH

Controversial YouTuber Soph is accepting donations and tips in cryptocurrency for her content. She’s either a helplessly brainwashed teen dupe of the icky Alt-Right, or a savvy young badass truth teller, depending on viewers’ perspectives, but Soph is getting a lot of press and followers (almost a million). She’s also attracting calls for censorship, and fearing the worst she’s taken to seeking out alternative forms of donation payment methods. Bitcoin cash, probably due to its relative ease of acceptance, low transaction fees, lightning fast confirmations seems to be working out well for the wee pundit, as she’s already earned nearly $1,000 in a single day.

SOURCE: r/btc

Litecoin Founder Charlie Lee Will Lunch With Buffett

Thanks Justin! I'm excited about this opportunity to meet a legend. https://t.co/L8uUv0yrXb — Charlie Lee [LTC⚡] (@SatoshiLite) June 16, 2019

It was the lunch announcement heard ’round the world. Tron founder Justin Sun, ever the spoil for attention and marketing stunts, outbid everyone to the tune of almost $5 million for rights to have facetime with famed investor Warren Buffett. Sun asked the likes of cryptocurrency exchange Binance CEO “CZ” to attend, but he refused politely. And since, there has been no shortage of suggestions for Sun to choose other, perhaps more capable dining companions to make the case to Buffett, which, so far at least, Sun’s balked at. However, Litecoin founder Charlie Lee accepted Sun’s invite enthusiastically. Your call as to whether that’s an upgrade.

SOURCE: Twitter

Bitcoin is Bad for the Environment

German university researchers concluded, “The use of Bitcoin — a popular virtual currency — emits over 22 megatonnes of carbon dioxide annually, comparable to the total emissions of cities such as Las Vegas and Vienna.” The usual trope is to compare its relative energy use to Ireland, and so Las Vegas seems to be a much crisper choice. To get their verdict the report attempts a lot of mental gymnastics, all of which longtime Bitcoiners have heard for years. Much of it has already been thoroughly debunked. In fact, recently CoinShares declared 75% of the energy used to power Bitcoin comes from renewable resources, so-called green energy.

SOURCE: The Hindu

South African BTC Ponzi Scheme Rakes-in $135,000 a Day

A Ponzi scheme in South Africa promises 100 percent returns in two weeks, and has reportedly generated R2 million, more than $100,000 a day. “By all indications, Bitcoin Wallet is a multimillion-rand operation and probably has the largest daily cash flow in the whole of Ladysmith. Fears are growing that a highly lucrative ‘investment scheme’ that promises to pay out ten-fold cash deposits within two weeks, which has taken this small rural town in KwaZulu-Natal by storm, will soon crash. The allure of easy money has seen more and more hopeful people unwittingly risk their money every time they make deposits into the investment scheme,” local media worry.

SOURCE: The Citizen

Top Cryptocurrencies Benefiting from Facebook Coin FOMO

While some are pointing to yuan pouring into cryptocurrency markets due to Hong Kong protests and capital flight, the general mainstream financial media consensus is Facebook Coin fever has simply taken hold with only a day to go before its formal unveiling. It’s always a difficult task to attribute exact forces to market movements, but legacy news outlets are pretty confident this time around. “Bitcoin climbed past $9,000, to its highest since May 2018, as reports that Facebook Inc. is due to unveil a digital currency added to optimism that cryptocurrencies are becoming more widely adopted by mainstream finance.”

SOURCE: Bloomberg

DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.

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