Tag Archives: Bitcoin

Bitcoin Wallet Extension Disappears From Chrome Due To Anti-Malware

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“Early on 20th May, KryptoKit users started reporting that the extension was mysteriously removing itself from Chrome without prior notice. They also found that the extension had disappeared from the Chrome app store.  KryptoKit project developers tried their best to work out a solution, but it soon became apparent that Google itself was behind the abrupt removal.  Google reinstated KryptoKit’s account a few hours after the issue was detected, but, it did not offer an explanation at the time.  Finally, Google’s Chrome team took to reddit last night to explain what happened, with Google Chrome Product Manager Tyler Odean apologizing for the confusion and explaining what caused the problem.”

http://www.coindesk.com/google-team-resolves-kryptokit-wallet-extension-issue/

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New Decentralized Crowdfunding Platform Could Reshape P2P Finance

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“BitcoinJ developer and former Google engineer Mike Hearn is working on a new decentralized crowdfunding platform that will support bitcoin transactions and could lead to a reshaping of the peer-to-peer finance landscape.  The crowdfunding platform, called ‘Lighthouse’, was announced during a talk led by Hearn at the Bitcoin2014 conference in Amsterdam. Hearn later elaborated on the announcement in a 17th May blog post.  Like other crowdfunding platforms, Lighthouse will serve as a means for users to create projects and pledge funds to others. Hearn wrote, however, that its primary aim will be to help fund more advanced features and services within the bitcoin network.”

http://www.coindesk.com/new-decentralized-crowdfunding-platform-reshape-bitcoin-landscape/

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MIT club giving every undergrad $100 in bitcoin

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“A club at MIT wants to see what will happen when an entire community has access to a digital currency, and to find out, it plans to give every undergraduate student on campus $100 worth of bitcoin this fall. The MIT Bitcoin Club says that it’s raised a half million dollars from alumni and the bitcoin community, which it plans to use to cover the cost of bitcoin for the campus’ more than 4,500 undergrads and to finance informational programs about bitcoin. The group also plans to work with researchers on campus to study how students are using the new currency.”

http://www.theverge.com/2014/4/29/5664512/mit-club-giving-100-usd-in-bitcoin-to-all-undergrads

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Bloomberg On Why Bitcoin Is Now Quoted On Its Terminals

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“Transparency – Bloomberg was founded to provide transparency to opaque financial markets and we believe all markets, even digital currencies, greatly benefit from increased transparency.   Client demand – Serving the needs and objectives of clients has always been a guiding principle of Bloomberg. Clients are increasingly interested in  digital currencies and are looking for tools to better monitor developments in these markets.  Innovation – While virtual currency markets are still nascent, they represent an interesting intersection of finance and technology. Given that Bloomberg sits squarely at that intersection, providing pricing for this underdeveloped market is a natural fit for us.”

http://www.bloomberg.com/now/2014-04-30/bitcoin-now-Bloomberg/

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Bitcoin Cloud-Mining Firm Listed On Australia Stock Exchange

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“DigitalBTC has inked a strategic hardware supply agreement with BitFury, one of the leading manufacturers of bitcoin mining equipment.  The company is owned by Australian investment firm Macro Energy, which acquired Digital CC and its subsidiary digitalBTC last month. Thanks to the acquisition, the firm became the first bitcoin-related business to be listed on the Australian Stock Exchange (ASX).  At the time Macro Energy said it plans to raise AU$9.1m and to invest the money in the expansion of digitalBTC operations, including bitcoin mining. Soon after digitalBTC entered a strategic partnership with CloudHashing.com.”

http://www.coindesk.com/digitalbtc-signs-bitcoin-mining-hardware-deal-bitfury/

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FinCEN: Cloud Mining, Escrow Services Aren’t Money Transmitters

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“The US Financial Crimes Enforcement Network (FinCEN) has issued new rulings indicating that digital currency-related cloud mining and escrow services should not be considered money transmitters.  The two releases came via what appear to be responses to requests from businesses seeking to better understand FinCEN’s policies.  FinCEN, the bureau of the US treasury that collects and analyzes financial transactions, has previously released influential decisions regarding how consumer bitcoin miners and bitcoin investors should be regulated under money transmission laws.”

http://www.coindesk.com/fincen-digital-currency-cloud-mining-escrow-services-arent-money-transmitters/

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Federal Reserve’s Bitcoin Policy Begins to Take Shape

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“On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D.C. This meeting was historically held in secrecy until Bloomberg News ‘won’ a Freedom of Information Act request requiring the Fed to make the meetings minutes available to the public.  The Fed is pro Bitcoin regulation:  ‘Regulation is advisable; considerations include protecting consumers, addressing illicit use, and avoiding Balkanization.’  In this regards they recommend, ‘Regulatory oversight to ensure that exchanges invest in appropriate cyber and other security measures. This includes fully secure storage of Bitcoin wallets.'”

http://bitcoinmagazine.com/13165/federal-reserves-bitcoin-policy-begins-take-shape/

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Bitcoin traders settle class actions over failed Mt. Gox exchange

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“Once the world’s biggest bitcoin exchange, Mt. Gox is slated to be liquidated after the Tokyo District Court granted the company’s request to abandon plans to revive its business.  In return for settling separate class actions, the U.S. and Canadian customers will share in a 16.5 percent stake after Mt. Gox is sold to Sunlot, a firm backed by child actor-turned entrepreneur Brock Pierce and venture capitalist William Quigley.  In addition, the customers will split the 200,000 bitcoins that Mt. Gox said it found after seeking bankruptcy protection, and will also split up to $20 million in fiat currency held by the administrator for Mt. Gox.”

http://www.reuters.com/article/2014/04/29/us-bitcoin-mtgox-settlement-idUSBREA3S02W20140429

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CNET Founder Creates New Venture That Addresses Bitcoin Volatility

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“Halsey Minor, founder of CNET, today announced the launch of a new bitcoin venture called Bitreserve, a platform that aims to provide real-time transparency and address bitcoin volatility, transaction traceability, and proof of solvency.  The idea: Allow members of the service to hold bitcoin denominated as real-world currency.  While Minor will serve as Bitreserve’s Executive Chairman, Tim Parsa will serve as the start-up’s chief executive officer. Members of the Bitreserve system are able to hold bitcoin denominated in US dollars, euros, yuan, yen, and pound sterling. According to Bitreserve, these so-called bitcurrencies will be backed by a full reserve of traditional currency.”

http://newsbtc.com/2014/05/15/cnet-founder-creates-new-venture-addresses-bitcoin-volatility/

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The DOJ’s “Operation Choke Point” Has Driven 30 Industries To Bitcoin

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“The DOJ is targeting 30 high-risk industries, as labeled by the Federal Deposit Insurance Corporation (FDIC) in 2011.  BitPay has proven to be an incredible ally to the porn industry and has led Bitcoin’s charge into the high chargeback industry.  Porn.com and now Verotel both accept Bitcoin using bitpay; both are able to charge lower fees without the risk of chargeback.  OKCupid has been using Bitcoin for over a year now… Almost as long as the DOJ has been unintentionally pushing these industries towards Bitcoin.  Every industry in the world can benefit from Bitcoin Blockchain technology; it’s just that these 30 have been given a forceful push by the government.”

http://www.cryptocoinsnews.com/news/dojs-operation-choke-point-driven-30-industries-bitcoin/2014/05/01

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