Archive for December 15th, 2017

The Southwark Playhouse to Begin Accepting Bitcoin

December 15, 2017 | By | Reply | 288 Readers More
The Southwark Playhouse to Begin Accepting Bitcoin

Potentially the first of its kind in London, the Southwark Playhouse has begun taking bitcoin donations for some of its outreach work, with plans to accept bitcoin as payment for their box office and bar tabs as well. The timing of bitcoin’s recent meteoric rise couldn’t have been better for the South London playhouse as […]

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An Anonymous Early Adopter Is Donating 5,057 BTC ($86M) to Charity

December 15, 2017 | By | Reply | 185 Readers More
An Anonymous Early Adopter Is Donating 5,057 BTC ($86M) to Charity

This week an early bitcoin adopter announced on the forum Reddit that he had so much bitcoin he plans to donate 5,057 BTC (US$86Mn) to charitable causes. So far the anonymous donor created a website called the ‘Pineapple Fund,’ and has already donated $5M in bitcoins to some well known nonprofit organizations. Also read: ‘Decentralized Uber’ […]

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South Korea Releases Emergency Measures for Cryptocurrency Regulation

December 15, 2017 | By | Reply | 206 Readers More
South Korea Releases Emergency Measures for Cryptocurrency Regulation

South Korea’s government released emergency measures for cryptocurrency regulation on Thursday. Bitcoin exchanges will now be regulated. Among other measures, there will be a ban on banks, minors, and foreigners trading cryptocurrency as well as a clampdown on virtual bank accounts needed to trade cryptocurrencies in Korea. Also read: South Korea Clarifies Position After Reports of Possible […]

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Venezuelans Turn to Bitcoin as Government Crackdown on Mining Intensifies

December 15, 2017 | By | Reply | 205 Readers More
Venezuelans Turn to Bitcoin as Government Crackdown on Mining Intensifies

In contrast to many people around the world, who adopt bitcoin to make a quick profit, citizens of Venezuela use the currency as a matter of sheer survival. Venezuelans resort to the cryptocurrency to stay afloat, fighting the rising tides of hyperinflation. Even in the face of fierce government crackdowns, which are only getting worse, its […]

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Bitcoin Cash Will Close Out 2017 With Significant Infrastructure Support

December 15, 2017 | By | Reply | 234 Readers More
Bitcoin Cash Will Close Out 2017 With Significant Infrastructure Support

The end of the year is approaching, and the Bitcoin Cash (BCH) network and community have continued to see significant growth. From merchant acceptance, cryptocurrency businesses integrating support, and many other additions to the BCH economy, shows that bitcoin cash will have some robust infrastructure for 2018. Also Read: Increased South African Bitcoin Adoption Highlights […]

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Gibraltar Paves Way for Regulation of Crypto and DLT Companies

December 15, 2017 | By | Reply | 304 Readers More
Gibraltar Paves Way for Regulation of Crypto and DLT Companies

The Legislature of Gibraltar has approved a bill designed to update the territory’s Financial Services regulations. The bill is expected to pave the way for the territory’s introduction of comprehensive legislation governing the operations of companies working in the distributed ledger and cryptocurrency industries next year. Also Read: Despite Regulation, Russians Plan to Build Europe’s Largest […]

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South Korean Bitcoin Frenzy Continues as Government Formulates New Regulations

December 15, 2017 | By | Reply | 239 Readers More
South Korean Bitcoin Frenzy Continues as Government Formulates New Regulations

On December 13, 2017, the South Korean government planned an emergency meeting on the topic of virtual currency in response to concerns over the 2017 Bitcoin boom and the widespread popularity of digital currencies throughout the country. Bitcoin Reaching Mainstream Market According to Reuters, the country may tax capital gains from virtual currency trading and […]

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PepeCash Co-Founder: “I Don’t Have a Single Bolívar”

December 15, 2017 | By | Reply | 717 Readers More
PepeCash Co-Founder: “I Don’t Have a Single Bolívar”

Before Venezuelan President Nicolas Maduro announced his interest in creating an oil-backed cryptocurrency, the country has been surviving on the value of bitcoin. While accredited investors rush to trading platforms after the release of futures contracts, Venezuelans are using the “crisis currency” to pay for honeymoons, medications for loved ones, and to keep families from […]

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Building a New Advertising Ecosystem at Adbank

December 15, 2017 | By | Reply | 349 Readers More
Building a New Advertising Ecosystem at Adbank

What do you do when you are faced with a business model that’s so badly broken, up to 50 percent of revenues go to the middlemen? If you are Adbank, you build a completely new business model. The broken business is digital-advertising; where an estimated 56 percent of website traffic is fraudulent, or generated by […]

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NJ Man Steals $1.8 million in Ether from Victim at Gunpoint

December 15, 2017 | By | Reply | 247 Readers More
NJ Man Steals $1.8 million in Ether from Victim at Gunpoint

According to a press release from the New York County District Attorney’s Office, a New Jersey man has been arrested for the theft of $1.8 million worth of Ethereum’s cryptocurrency, ether (ETH). The suspect in question, Louis Meza, is currently charged with grand larceny, kidnapping, robbery, criminal use of a firearm, illegal possession of stolen […]

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