MAY 12 DIGEST: Pro-Bitcoin Expert Appointed Deputy U.S. CTO, BitFilm Releases ‘Satoshi’s Last Will’ Trailer
White House statement:
"We're excited to have such an innovative and disruptive approach to digital currency integrated with our platform. Being able to connect the Blockchain to Tether's fiat-backed digital currency provides a level of stability and reassurance not previously seen in this sector."
Lukoil Oil Company, which operates gas stations in Latvia, Lithuania, and Estonia is now accepting Bitcoin as payment. The company is using SpectroCoin as its payment processor for this purpose.
Tawanda Kembo, co-founder BitFinance:
“BTCXIndia has posted on their site that their bank accounts have been shut and further claimed that no other bank is offering to open an account for them. This seems to have set panic within the community at large. On our further probing the matter, it seems its a case in isolation, and there is no blanket ban or directive from RBI (Reserve Bank of India) to this effect. We at BIA would like tell Bitcoin users in India not to panic on this news. We would also like to request for BTCXIndia to make document they received from their bank public in the larger interest of Bitcoin community in India."
Tether has announced a working partnership with Cryptsy, the world second-ranked most popular Bitcoin exchanges. This adds to the number of partners the company has acquired enabling users to use fiat currencies with all the benefits of the blockchain. Other Tether partner partners include ShapeShift.io, GoCoin, and BitFinex.
In a blog post, SpectroCoin said the following:
Vishal Gupta, a member of the body that brings together bitcoin enterprises and also the founder of SearchCoin Network, told CoinTelegraph:
"SpectroCoin.com is proud to announce that we have integrated WoraPay network into our Android, iOS and Windows Phone mobile wallets. So from now you can pay with Bitcoins in Latvia, Lithuania, and Estonia."
Mr. Felten has a long time interest in cryptocurrency and has on many occasions voiced support for it including comments during New York BitLicense hearings.
“How does it feel? Exciting! It's also reassuring to see that we're not the only ones who think that we're solving an important problem. How will it help us? We'll be able to make Bitcoin accessible to more people, and a lot faster than we would be able to do alone, initially in Zimbabwe and Kenya, and later to the rest of the continent.”
Paul Vernon, CEO Project Investors, Inc., whose company manages Cryptsy, said:
“Ed joins a growing number of techies at the White House working to further President Obama’s vision to ensure policy decisions are informed by our best understanding of state-of-the-art technology and innovation, to quickly and efficiently deliver great services for the American people, and to broaden and deepen the American people’s engagement with their government.”
BitFinance, a Bitcoin exchange from Zimbabwe, has become the first Bitcoin related startup to be included in the Savannah Fund accelerator class. The fund, which has been in operation for three years, invests in startups from Sub-Saharan Africa.
The White House announced the appointment of Ed Felten as Deputy U.S. Chief Technology Officer. Many in the Bitcoin community have interpreted this as a positive sign of interest from the Obama administration with respect to blockchain technology.
Gavin Andresen, the Chief Scientist of the Bitcoin Foundation and lead Bitcoin Core Developer, has supported a proposal to have some changes made on the Bitcoin core. These changes will include increasing the size of the blocks, cutting down on the time it takes to complete transactions and changing the ring signatures.
As expected, this has sparked a heated debate with some community members supporting his proposal and others voicing their disagreement.
The White House has appointed Ed Felter, a long time researcher of Bitcoin, as the Deputy U.S. Chief Technology Officer; BitFilm has released a trailer for an upcoming movie about Satoshi Nakamoto and more top stories for May 12, 2015.
BTCXIndia has lost its banking support and, as a result, the Bitcoin exchange is closing down. However, Bitcoin Alliance India has moved fast to allay the fears that this is what is likely to befall all the Bitcoin related enterprises in the Asian sub-continent nation.
The film envisions a world in which governments and banks have lost their power and people live together in voluntary communities where interactions are hugely influenced by the blockchain technology.
BitFilm has released the trailer for ‘Satoshi's Last Will’, a full-length fiction film set in a future world where Bitcoin and the Blockchain rule. It is a classical thriller plot that gives the viewers an opportunity to learn a lot about Bitcoin in a playful setting.
Credit Rating Firm Backs $8 Million Fundraise for Crypto Alternative
A startup looking to build a credit scoring protocol on top of the recently-launched Ontology blockchain has raised $8 million in seed funding.
POINTS, founded in 2017, said it drew funding from a
Barclays Seeks Twin Blockchain Patents for Banking Services
Barclays Bank may be looking to blockchain to streamline fund transfers and know-your-customer processes, according to newly-released patent applications.
The U.S. Patent and Trademark Office publi
Congressman's Call for Crypto Ban Sparks Social Uproar
In the span of a few hours, it became Crypto Twitter vs U.S. Representative Brad Sherman.
On Wednesday, Congress hosted a pair of back-to-back hearings on the topic of cryptocurrencies (read CoinD
Bitcoin could take a major chunk of change from gold, crypto expert says
Bitcoin back above $7,000 has crypto bulls believing in the rally again. To one crypto expert, the leading cryptocurrencyâs long-term move could be stratospheric. Such a move will be fueled by a
Bitcoin hasn't bottomed yet, says crypto trader who predicted it could reach $50,000 by year's end
Bitcoin is rallying. The digital tokens were priced around $7,400 on Thursday at 5:30 p.m. ET â an increase of more than 10 percent from a month ago, according to Coinbase. But Arthur Hayes, the
It Took Just A Day for Tron's Founder to Win His Own Blockchain's Election
An unconventional candidate has triumphed in tron's ongoing blockchain elections: the project's founder Justin Sun.
After announcing his candidacy to become a tron "super representative" (a node on
Ethereum Scaling Solution Raiden Releases Last Testnet Before Launch
A new test network has been launched for Raiden, the ethereum payments channel project.
Announced at the Dappcon developer conference in Berlin on Thursday, the release features a minimal implement
Malta Stock Exchange Inks Deals to Build Security Token Exchanges
MSX, the newly launched fintech arm of the Malta Stock Exchange, has inked several new deals aimed at creating new marketplaces for tokenized securities.
The newly inked deal sees MSX team up with