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Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios

June 24, 2018 |

Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios

Last December news.Bitcoin.com reported on the theatrical version of people using the deep web in a play called the “Silk Road: How to Buy Drugs Online.” Since then the play got rave reviews after appearing at the world-famous Edinburgh Fringe and the Vault festival. Now due to the show’s popularity, the performance is hosting the production at the well-known theatre London’s Trafalgar Studios for a twenty-day residency.  

Also read: The Bitcoin-Culture Invasion: T-Shirts, Hats, Candles, Mugs, and More

The Silk Road Theatre Production Written by Alex Oates Receives Rave Reviews

Just before the end of the phenomenal 2017 cryptocurrency run news.Bitcoin.com reported on a play that appeared in the UK called the “Silk Road: How to Buy Drugs Online.” The performance has been funded entirely in BTC when an anonymous person donated funds towards the production. The play, written by the well known English playwright Alex Oates, is about a 19-year old man named Bruce Blakemore who learns about the deep web and darknet markets. Moreover, the play is loosely based on the tales of the Dread Pirate Roberts (DPR) alongside interviews with real Silk Road vendors.

Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios

Since the play took place at the notorious Edinburgh Fringe and at the Vault Festival the production has received rave reviews.

“Like a hybrid of ‘Snatch’ and ‘Starter for Ten’, this is both an adolescent adventure and a grotesque, criminal caper. Gritty and very well written by Old Vic New Voices playwright Alex Oates, ‘Silk Road’ is the best thing to come from its namesake,” explained a Three Weeks review.

Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios

A Twenty Day Residency at London’s Trafalgar Studios

The shows at Edinburgh and the Vault Festival, and the great reviews have helped the cryptocurrency-funded performance achieve a residency at London’s famous Trafalgar Studios from August 7 through September 1, 2018. According to an interview with the regional publication, the Evening Standard, Oates details in an interview that cryptocurrency’s trend within our culture is here to stay.

Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios

“Back in 2014, Bitcoin was a bit of a novelty so I couldn’t be more thrilled that Silk Road (How to Buy Drugs Online), which was initially made possible through an anonymous donation of Bitcoin, is back with a run at Trafalgar Studios this summer,” Oates details.

It seems clear that Bitcoin is here to stay and it was a great honour to be the first play funded by cryptocurrency — It undoubtedly won’t be the last.

The West End London theatre Trafalgar Studios is a prestigious auditorium that once was called the ‘Whitehall Theatre,’ and the Oates play is also directed by Dominic Shaw. No one knows how much funding the writer got from the anonymous donor, but reports detail that Oates has amassed a portfolio of “multiple cryptocurrencies,” since 2014.

What do you think about the Silk Road play getting a residency stay at London’s Trafalgar Studios? Let us know what you think about this subject in the comment section below.


Images via the Silk Road: How to Buy Drugs Online Playbill, Evening Standard, and Pixabay. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios appeared first on Bitcoin News.

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The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

June 23, 2018 |

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

In today’s Bitcoin in Brief we mention some optimistic mid to long term predictions for crypto markets. And while decentralized currencies are hurting in a bearish month, the prospects for state-issued virtual money look even dimmer. Another senior Swiss central banker has noted the diminishing enthusiasm of governments to mint digital coins. Venezuela gives an example – Caracas has recently fired the nation’s crypto superintendent, reportedly for failing to raise billions through Maduro’s favorite El Petro. 

Also read: Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No

Bottom Line: Bitcoin Will Recover

It takes a lot of optimism to make bullish predictions at a moment like this, but if it’s a relatively long term prognosis for growth, preceded by a short term one for further drop, then it does sound like a safe bet. Todd Gordon, founder of Tradinganalysis.com, is one of those analysts who believe the bottom line is that Bitcoin will eventually recover, by early 2019 to be precise.

“I did expect Bitcoin to drop, I thought for a long time we’re going to drop below $ 5,000,” Gordon told CNBC. He actually expects BTC prices to decrease a little more than that but he is also positive that the market will turn somewhere in the $ 3,000 to $ 4,000 range. “I think by the time this contest is over in February, we’ll be well back above $ 10,000 and in a pretty good shape,” he added.

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

According to Todd Gordon, the correction we have seen from $ 19,000 down, in terms of percentage drop, is “inconsequential,” and “very much expected,” compared to the gains since 2015, when Bitcoin took about a 78 percent hit in the aftermath of the Mt. Gox hack. “Right now we are about two thirds of the way through that equal correction,” he said.

Gordon noted that his prediction is based on a “beautiful uptrend” on a percent change chart. “You can’t look on bitcoin on a traditional, linear, arithmetic chart,” he warned. The expert emphasized that the current 17 percent average weekly high-to-low range is the “lowest bitcoin is ever seen,” as the movement has reached 30-40 percent at times in the past. “If I am down 30 percent on bitcoin in this contest, that’s nothing – it can make that up in two weeks,” the analyst added.

Others Like the $ 10,000 Mark Too

Other members of the crypto space have made similar predictions about the mid-term prospects for bitcoin. At the end of May, blockchain venture capitalist Spencer Bogart said he expected the price of BTC to rise again above $ 10,000 per coin by the end of 2018, noting that the cryptocurrency is still worth buying, despite its continued losses.

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost“In the past, when the value of BTC dropped by 50 or 60 percent, a cloud of fear used to develop and people seriously questioned if bitcoin was over,” Bogart told CNBC. However, he highlighted a key difference between today and the crashes of the past – the exponential amount of development and adoption we have seen since those times. Bogart, a partner ат Blockchain Capital, also noted that most coins are overvalued in comparison with bitcoin. He advised investors to sell cryptos like cardano, tron, IOTA and NEO, but stressed they should hold cryptocurrencies like bitcoin cash (BCH), ethereum, ripple, and EOS.

Most cryptocurrencies saw losses of up to 20 percent over a 24-hour period yesterday. Many observes attributed the latest dump to the recent measures taken by Japan’s financial regulator. The Financial Services Agency issued six new business improvement orders to crypto exchanges Bitflyer, Tech Bureau, Bitpoint Japan, Btcbox, Bitbank, and Quoine. In recent weeks markets have been also reacting to a number of negative events such as the hacks of Korean exchanges Coinrail and Bithumb, as well as the exposure of scams and suspected market manipulations.

Enthusiasm for State-Backed Cryptos Dying Out

Countries are unlikely to issue national cryptocurrencies any time soon, according to a high ranking representative of the Swiss National Bank’s management. Central banks around the world have become skeptical of introducing state-backed digital currencies, Thomas Moser, an alternate member of the governing board of SBN, told Business Insider.

“In the beginning, there was a lot of interest and enthusiasm about issuing their own national cryptocurrency but I think, in the meantime, that enthusiasm has slowed again because of the implications it would have for financial stability,” Moser explained. Nevertheless, he said he would not be surprised if national cryptocurrencies emerged in the longer term but noted that currently everyone is waiting for someone else to do it first.

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost

Thomas Moser thinks that to some extent it makes sense to have an electronic version of the banknote but warned the implications are substantial. “The advantages are relatively small but the unknown risks are potentially large so I think the balance is to be cautious.”

Moser’s comments reflect the position of another senior representative of Schweizerische Nationalbank. In April, Andrea Maechler, member of its governing board, stated that “private-sector digital currencies” are better and less risky than any version offered by a central bank. A government-backed coin “would deliver scarcely any advantages, but would give rise to incalculable risks,” she warned, noting that it would make it easier for people to withdraw money if they felt a bank was in trouble.

Venezuela’s Crypto Superintendent Reportedly Fired

The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins LostCarlos Vargas, Venezuela’s Superintendent of Cryptocurrency, has recently left his post. Some local media reported that actually he has been fired by President Maduro after his team failed to deliver on the promises to raise billions through the initial coin offering of the national oil-backed cryptocurrency, the Petro.

According to a publication by Caracas Chronicles, only 2,266 petros have been transferred so far on the distributed ledger that tracks their movement. Even if all of them were sold at $ 60 per coin, the outlet speculates, the government has raised no more than $ 136,000. That’s way below the once promised $ 5 billion.

Very little is known about the new superintendent, Jocelit Ramírez, and his team. He is believed to be very close to Vice President Tareck El Aissami.

Despite threats by officials to restrict decentralized cryptocurrencies and crack down on exchanges, Venezuelan bitcoin trade on platforms like Localbitcoins has spiked in recent months, largely due to the unattractiveness of the hyperinflated national fiat, the bolivar. The socialist government in Caracas has had hard time convincing its partners to accept the petro in bilateral trade. Several weeks ago, India rejected Maduro’s proposal to buy Venezuelan oil at discounted petro prices.

What are your expectations for the future of decentralized cryptocurrencies and state-issued digital coins? Let us know in the comments section below.


Images courtesy of Shutterstock.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Analysts Predict Bitcoin Will Rebound, Enthusiasm for State Coins Lost appeared first on Bitcoin News.

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Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App

June 22, 2018 |

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App

On Friday, June 22 a new bitcoin cash tipping application has been announced called Gitcash.io. The new platform allows registered Github users to tip each other with BCH using the web-based hosting service tethered to the Gitcash.io service.

Also Read: Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

Gitcash.io Allows Github Users to Tip Each Other On-Chain Using Bitcoin Cash

Bitcoin Cash (BCH) developers are at it again with a new tipping application that works with the hosting service Github. The website Github is an extremely popular service that hosts open source codebase and gives developers access control, bug tracking abilities, and task management.

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App

With an open source project, the developer community can collaborate in order to make codebase integrity more secure for many software projects. Now developers can tip each other in bitcoin cash using the Gitcash.io platform. For instance, if someone helped find an issue, a bug, or helped code a few things for your project, you may want to tip them a few bucks for their assistance.

“GitCash.io is an on-chain Bitcoin Cash tipping platform for Github, allowing users to directly support the developers who are writing the open source code that powers our planet,” explains the Gitcash programmers.  

GitCash supports custom user profiles, complete tipping histories, and full-featured HD wallets capable of generating and sweeping custom password protected paper wallets. Our platform is now and will forever be completely free and not-for-profit. Also, we accept zero-confirmations so your transactions are faster than lightning.

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App
Directions on how to use Gitcash.io tipping app.

Bitcoin Cash: A Powerful Tool Capable of Bettering the World

Furthermore, the unofficial nonprofit marketing team the Bitcoin Cash Fund has given the Gitcash.io team $ 1,000 worth of funding per month for the next two months. The money will be used for tips, advertisements and bounties, explains the Gitcash.io team. Moreover, the Gitcash.io project was produced with help from the Chaintip team and the organization’s bounties will be the first to appear on the website. Additionally, the Gitcash application was built using the Bitbox platform

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App
Gitcash.io bounties.

“We built Gitcash on Bitcoin Cash because it is truly censorship resistant and sound money that has the potential to benefit every person in the world equally, including those living on less than two dollars per day,” explains the organization’s founder.  

We’re super happy for Gitcash to be a part of that. The Gitcash project is supported solely by donations and is completely free to use. The platform was built by a small team of passionate developers who believe that Bitcoin Cash is not only the future of money, but a powerful tool capable of bettering the world.

The Gitcash founder also has thanked everyone in the BCH community for staying positive during the “monumental disinformation and censorship campaign” that’s being spread about bitcoin cash. “This is exactly the type of thing Bitcoin was created to fight — The battle is far from over but I can already tell the tides are turning,” the Gitcash founder concludes.

What do you think about the Gitcash.io tipping application for Github? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, and Githash.io 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

June 22, 2018 |

Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

This week as the world watches the 2018 FIFA World Cup, a new online game called Bitcoin Cash Football has been launched where users can play as managers or players within a season of matches. Players earn fractions of bitcoin cash (BCH) by playing the game, but Bitcoin Cash Football is also having a World Cup tournament where teams can play for jackpots of BCH.    

Also Read: “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark

The Bitcoin Cash Football App Allows Players to Win BCH and Compete Against Teams

Right now, until the final match on July 15, 2018, the FIFA World Cup is taking place in Russia, and the whole world is watching. During this time a team of developers called Mobtwo released a new app on Google Play called Bitcoin Cash Football. The game is multiplayer, where you can play real players all across the world. Moreover, the game is infused with the decentralized cryptocurrency BCH throughout the season.

Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

Bitcoin cash is the official in-game currency for the football app and players can buy/sell star athletes, upgrade stadium facilities, training grounds, and a team system all by using BCH. Just like any other games with specialty upgrades, the modifications continue to make improvements to players and stadiums for more competitive gameplay. In addition to this, there will be BCH prices that allow Clubs to compete against each other during the week ending cup competitions and leagues.

“When they are tired of it, they can withdraw their bitcoin cash into their outside wallet,” explains Mobtwo.

This means free players can play the game and earn bitcoin cash (grooming/selling players, winning cups or leagues), if they are willing to put in the effort.

Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

Player and Manager Modes Give Unique Features

The Bitcoin Cash Football game has a player mode and a manager mode that offer players different features. For instance, using the player mode players can make different choices during their career like buy apartments, planes, maids, and purchase virtual stocks and bonds. Besides recreational activities, the players also compete within the Club matches.

Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

Manager mode allows users to buy/sell players with other multiplayer users. Furthermore, managers can recruit star players and upgrade stadiums to help you compete for the World Cup.

“You can play 10 defenders if you want to, a super flexible realistic match engine that usually means you’re going to lose the game even with 10-star defenders,” details Mobtwo. “If you’re late, then you have to wait for another week to be included in the competitions.”

The Bitcoin Cash Football creators spread the news about the new app on Reddit and explained that competitions start Monday. When asked if the developers would be creating an iOS version of the game Mobtwo added:

iOS is not friendly to cryptocurrencies so that’s why we chose Android. If there is sufficient demand, then we may consider developing a web version for it.

What do you think about the Bitcoin Cash Football app? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, and Bitcoin Cash Football


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH appeared first on Bitcoin News.

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Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No

June 22, 2018 |

Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No

From the serious to the ridiculous, today’s edition of Bitcoin in Brief has got it all, and by “all” read “a varied selection of crypto-related topics numbering no less than four and no more than six.” That doesn’t sound nearly as alluring though, does it? All it is then. Take a deep breath and let’s dive right in.

Also read: Craig Wright Referenced as Satoshi in Chinese University Textbook

Oh No Nano!

Yesterday was a big day for free transactions altcoin Nano: its Android wallet was released. Shortly after being unveiled, however, a small problem was detected. Okay, make that a pretty big problem:

Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No

For the record, Nano is the coin synonymous with the collapse of Bitgrail exchange and that was trading for $ 33 late last year, versus under $ 3 today. Nano holders have been hurting enough, in other words, without this latest debacle to deal with.

Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No
Nano dropped in price following news of its wallet fail.

Everything Is a Copy of a Copy

With the launch of Tron’s mainnet in progress, it seems a good time to revisit claims of plagiary surrounding Justin Sun’s much hyped altcoin. Technically these claims aren’t being revisited in fact, since they’re fresh ones, not to be confused with the original claims of Tron having plagiarized large chunks of its whitepaper. Digital Asset Research have been poking around in Tron’s codebase and what they’ve found looks very familiar. They write:

While copying code without attribution opens the project up to some legal risks, they pale in comparison to the technical risks that the project faces. EthereumJ [which Tron is based on] is known to be unreliable and has issues like memory leakage.

As a parting salvo, they add: “The TRX token is one of the most centrally owned large cap ERC20 tokens”.

A Quick Look at Crypto Funds

ICO Rating has released a detailed report on crypto funds. Its findings? 17% of all funds are tokenized (i.e. deploy a native token for profit sharing), 42% of all funds are based in the US, and the number of funds being founded has declined since 2017, which mirrors their declining returns as the crypto markets have went south. Most crypto funds don’t publish their ROI, but of the 8% ICO Rating could find numbers for, the median ROI this year is just 14% versus 600% in 2017. It’s true what they say: any idiot can make money in a bull market. Most of the funds studied were under $ 100m, but ICO Rating also found 15 funds of between $ 100-500m and nine whale-sized funds of over $ 500m.

Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No

Another One in the Basket

Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-NoAs we reported earlier this month, cryptocurrency baskets are growing in popularity. Two more noteworthy baskets that never made that list have since emerged. The first is Iconomi, whose digital asset management platform allows for “one-click diversification.” And the other is a newcomer to the scene, Bitdiem. It’s an ethereum-based payments and savings protocol for setting up recurring and conditional payments. One of the tools it provides is the means to create customizable token baskets that “enables users to build an inflation-resistant basket of goods, minimizing volatility and serving as a lasting store of value. Essentially, the basket can serve as the token equivalent of a mutual fund or 401k.”

Everyone’s Raising Money

The bear market doesn’t seem to have dented the ability of crypto projects to raise vast amounts of money – and then rapidly start redistributing it. Over in Santa Monica, STO incubator Start Engine, responsible for nurturing the likes of free speech network Gab.ai, has closed a $ 5m funding round and is preparing a $ 10m sale of tokenized common stock. It’s also revealed plans to build a decentralized application on the Ethereum blockchain called LDGR to increase liquidity in the secondary marketplace for trading securities. Meanwhile, over in Europe, Essentia, fresh from raising $ 26m in its pre-sale, has announced a $ 1m hackathon to fuel projects built on its open source protocol.

Fun with Numbers

Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-NoFinally, following on from yesterday’s post about an unusual block header starting with 18 zeros, all sorts of crypto figures have been weighing in with their 10 sats on the matter. Nic Carter decided to spend the evening calculating how many bitcoin blocks reference their own block height in the corresponding hash. There are apparently seven five-digit blocks in which this occurs. He also investigated whether supposed Satoshis “CSW” or “Hal” appeared in any block hashes in hexadecimal form. Hal does but the initials of Craig Wright do not, confirming absolutely nothing. The point is, people will see anything they want to in numbers, including evidence of divine creation and giant quantum leaps. Still, though, those 18 zeros…it’s got to be aliens, right?

Do you think there’s something funny with all those zeros in that block header, or is it much ado about nothing? Let us know in the comments section below.


Images courtesy of Shutterstock, ICO Rating, and Twitter.


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The post Bitcoin in Brief: Plagiary, Numerology, and Nano Does a No-No appeared first on Bitcoin News.

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Bitcoin Businesses Denied Banking Services in Ireland

June 21, 2018 |

Bitcoin Businesses Denied Banking Services in Ireland

Leading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.  

Also read: Swiss Crypto Company Acquires License to Distribute Funds to Investors

Banks Close Accounts of Award-Winning Startup

Several Irish businesses have been forced to either stop trading cryptocurrencies or seek partners abroad after local financial institutions refused to offer them banking services. Some of them have lost their bank accounts, while others have never been allowed to open one in the country, the local press reported.

Bitcoin Businesses Denied Banking Services in Ireland

Bitcoin exchange Bitcove, which has been operating since 2014 and had previously worked with Allied Irish Banks (AIB), Permanent TSB and Bank of Ireland, is one of the affected companies, The Irish Times reported. One of its co-founders, Peter Nagle, told the newspaper the banks closed its accounts stating they do not support companies offering cryptocurrency exchange facilities. The trading platform has since been using the services of “a more progressive banking partner” in Europe.

“Particularly disappointing was Bank of Ireland. We were participants on the Ignite startup program, which is backed by the bank. Our business and its progress were reviewed monthly by a panel which included Bank of Ireland representatives. At the end of the incubator Bitcove won the award, but then just a few months later our accounts were frozen and eventually closed,” Nagle explained.

One of Ireland’s First Bitcoin Brokers Also Hit

Bitcoin Businesses Denied Banking Services in IrelandAnother crypto firm that has suffered from the clampdown is Eircoin, one of Ireland’s oldest bitcoin brokers, which closed a couple of months ago. An affiliated consulting business was also refused banking services. “We are being shuttered due to a negligent and defensive banking system,” Eircoin’s cofounder Dave Fleming said, quoted by the Irish daily. He added that his company, along with other cryptocurrency sellers, had previously consulted with the Central Bank of Ireland which told them that as long as they were abiding by the regulations their operations were in line with the law.

Bank of Ireland, one of the four largest Irish commercial banks, admitted in a statement it was not providing banking services to virtual currency exchange platforms, but noted that its customers were not prevented from transacting cryptocurrency. AIB Group, another “Big Four” bank, denied it was refusing services to companies from the crypto sector. A spokesman was quoted as saying, “We don’t discriminate in relation to providing banking services to cryptocurrency companies nor have we been systematically exiting such companies.” According to the official, some of these businesses are unable to comply with the anti-money laundering and know your customer requirements that the bank is obliged to adhere to.

Bitcoin Businesses Denied Banking Services in IrelandThe Banking and Payments Federation of Ireland (BPFI) stated that it wasn’t aware of any policy to close accounts of companies trading cryptocurrencies. However, the organization presenting 70 traditional financial institutions noted that Irish lenders are expected to take measures to minimize the risk of facilitating “financial crimes which are enabled by cryptocurrencies,” such as money laundering and terrorism financing.

Sharp Contrast

The negative attitude of the legacy financial institutions towards crypto businesses sharply contrasts with the view of Ireland as a crypto-friendly jurisdiction in general. Recently, it was reported that a new government-backed platform will promote the country as a hub for developers of applications based on the technology behind cryptocurrencies. Blockchain Ireland was launched by the Irish Blockchain Expert Group in partnership with a young company called Consensys. The initiative is supported by Enterprise Ireland, the Department of Finance, members of the industry and representatives of academic institutions. The agency promoting foreign investment in the country, IDA Ireland, has also backed blockchain and crypto projects.

Bitcoin Businesses Denied Banking Services in Ireland

Cryptocurrencies and the related economic activities received another recognition by authorities in Dublin with the decision of the Irish revenue service to issue guidelines on the taxation of crypto transactions. The new “Tax and Duty Manual” clarifies related matters and confirms that in most cases the existing tax regulations apply to the crypto sector. According to the advisory, crypto incomes and profits are subject to direct taxes such as corporate tax, income tax, and capital gains tax. Officials have also stated that for VAT purposes bitcoin constitutes a currency. The Irish tax agency regards cryptocurrencies as “negotiable instruments” and exempts them from the value added tax.

Do you think the bank clampdown on crypto businesses in Ireland is temporary? Share your thoughts on the subject in the comments section below. 


Images courtesy of Shutterstock, Bitcove, Eircoin, BPFI.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Bitcoin Businesses Denied Banking Services in Ireland appeared first on Bitcoin News.

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The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin

June 21, 2018 |

The Daily: Akon Launches Akoin, ICO Mogul Buys $  19M Land With Bitcoin

A musician who wants to use cryptocurrency to create a “real-life Wakanda” in Africa is the main feature in today’s edition of Bitcoin in Brief. Additional stories include an ICO mogul who bought land worth $ 19 million with bitcoin, a massive trove of Coinbase customers’ complaints and more.

Also Read: Control of Highly Demanded Crypto Classes May Spark Turf War at Universities

Akon Launches Akoin

The Daily: Akon Launches Akoin, ICO Mogul Buys $  19M Land With BitcoinAkon, the Senegalese-American singer, is launching his own cryptocurrency token called Akoin. The stated purpose of the project is to build a futuristic city in Senegal that is meant to be a “real-life Wakanda”, referring to the fictional highly technologically advanced African nation featured in the recent Black Panther movie.

Speaking on a panel at Cannes Lions International Festival of Creativity, Akon explained: “I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people and brings the security back into the currency system. It also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”

According to the project’s website, the “100% crypto-based” Akon Crypto City is being built on 2,000 acres of land gifted to Akon from the President of Senegal. It’s within 5 minutes of the new international airport, close to the coast and a short drive from Dakar, the capital city of Senegal.

ICO Mogul Buys $ 19M Land with Bitcoin

The Daily: Akon Launches Akoin, ICO Mogul Buys $  19M Land With BitcoinAccording to newspaper reports from Israel, the serial entrepreneur and cryptocurrency advocate Moshe Hogeg has bought 5,000 square meters of private land to build himself a new house in the very affluent community of Kfar Shmaryahu not far from Tel Aviv. The price of the real estate is about $ 19 million and he reportedly paid 15% of that sum in Bitcoin.

Hogeg is the man behind Sirin Labs, which raised $ 157.8 million in an initial coin offering (ICO) last year. The money was meant to be used to build an “ultra-secure” cold storage crypto wallet-phone which was promoted by soccer superstar Leo Messi.

134 Pages of Coinbase Customers’ Complaints

A stack of 134 pages full of costumer complaints against Coinbase, filed to the US SEC and the California Department of Business Oversight, have been obtained by Mashable following a five-month FOIA (Freedom of Information Act) process. The files show the frustration and anger of clients that felt they could not get adequate support for their issues with the platform.

The company sees the high number of complaints as a result of the mad rush to enter the crypto market last year. “In 2017, the cryptocurrency space experienced a profound uptick in mainstream awareness and growth,” explained a Coinbase spokesperson. “As part of that, consumer demand for our services increased by 40x and we experienced transaction volumes in November and December of that year that grew by 295 percent.”

Bitmain Is Back on Twitter

Chinese ASIC giant Bitmain Technologies has now regained control of its @Bitmaintech official Twitter account. As we reported a few days ago, the company was banned from the social network after trolls apparently convinced Twitter admins that the account belonged to a four-year-old.

Bittrex Adds ETH to USD

Bittrex, which recently introduced fiat currency support, has now announced the addition of support for Ethereum (ETH) to USD trading. Initially, the Seattle-based exchange offered the USD paired against just BTC, tether (USDT), and another stablecoin, Trueusd. The move can be seen as part of a larger trend by exchanges trying to gradually wean themselves off dependency on the controversial tether. It might also help to delink the price of ETH from BTC in terms of USD if more exchanges follow this move.

What do you think about today’s news tidbits? Could Akon’s crypto city succeed in building a real Wakanda? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Akon Launches Akoin, ICO Mogul Buys $ 19M Land with Bitcoin appeared first on Bitcoin News.

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Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears

June 21, 2018 |

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears

John McAfee’s decision to stop shilling ICOs as a regulatory day of reckoning draws near is the top item in today’s edition of Bitcoin in Brief. Additional stories include Bittorrent trying to reassure users it wont cryptojack them to mine tron, Binance’s latest venture in Malta, a tether replacement getting VC backing, and Paris Hilton’s dad getting into crypto.

Also Read: Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018

Day of Reckoning for ICOs

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning NearsAntivirus pioneer and token pump master, John McAfee, has announced he is no longer working with ICOs nor is he going to keep recommending them. The reasons he gave for the move are “SEC threats” and that “those doing ICOs can all look forward to arrest. It is unjust but it is reality.”

An explanation for what McAfee might be fearing came from Chris Concannon, the president of Bitcoin Futures supporting Cboe Global Markets. “The reckoning will come in two waves,” he said in an interview with Business Insider. According to him, ICO investors should lay awake at night worrying as the SEC will soon go after market participants. Following that he expects a torrent of class-action lawsuits against the teams behind projects. “If you sold someone an unregistered security you are liable to them if they decide to take them to court,” Concannon said.

Despite all of this don’t count McAfee out of the market just yet. He also claimed to be working “on an equivalent alternative to ICOs which the SEC cannot touch.”

Bittorent Tells Users Not to Worry About Tron Takeover

Bittorrent Inc, the company managing the development of the peer-to-peer file sharing protocol, is trying to reassure users they have nothing to fear following its recently reported $ 120 million acquisition by Tron founder Justin Sun. It issued a statement that: “Our attention has been drawn to the news items that have appeared in the past few weeks speculating about a change in BitTorrent’s business model. We wish to reiterate that BitTorrent has no plans to change what we do or charge for the services we provide. We have no plans to enable mining of cryptocurrency now or in the future.”

Binance Backs Accelerator at Malta Stock Exchange

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning NearsThe Malta Stock Exchange has announced it is joining forces with Binance for the launch the MSX Fintech Accelerator Programme. The stock exchange will offer crypto startups access to professional business services and facilities including in-house accounting services and payroll, as well as office space, communication, conference rooms and a training centre. In addition to Binance, the programme has also signed up other companies including Thomson Reuters as mentors.

The Chairman of the Malta Stock Exchange, Mr Joseph Portelli said, “It is clear that Malta is becoming a Fintech and blockchain centre of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster. This programme offers foreign entrepreneurs easy access to a ready-made solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange.” A Binance spokesman added, “We moved our operations to Malta precisely because it has demonstrated its progressive approach to supporting and developing the crypto and blockchain industry. Malta is creating a safe and legislated environment for the industry to become reputable, attracting companies like ours and many others. The Malta Stock Exchange reflects these values, providing the infrastructure for entrepreneurs and start-ups to flourish in what is otherwise a highly competitive industry.”

Stablecoin “True USD” Raises $ 20 Million

Trust Token, the creator of the Trueusd (TUSD) stablecoin, has announced it completed a $ 20 million strategic investment round with support from the firms Andreessen Horowitz, Block Tower Capital, Danhua Capital, GGV Capital, and others. The money is meant to support the development of the asset tokenization platform and expansion of its legal, partnership, product, and engineering departments. Since launching in March 2018, Trueusd’s market capitalization has grown to $ 49 million, with the tether alternative reaching an average daily trading volume of $ 22 million on exchanges such as Binance, Bittrex, and Upbit.

Trust Token CEO Danny An said: “The support of these leading investment firms represents a significant step towards our goal to build a compliant tokenization platform for currencies, commodities, and real-world assets. We will draw on the combined expertise and network of these firms as we grow our industry partnerships and extend the reach of our first product, TrueUSD.”

Paris Hilton’s Dad Wants Some Serious Crypto

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning NearsRichard Hilton, a real estate broker from Beverly Hills, hotel royalty and father of Paris Hilton, is now tapping the bitcoin whale market. He is reportedly offering an 11-bedroom 16th Century mansion in Rome for sale with cryptocurrency. The auction for the property, estimated to be worth over $ 35 million, will begin on June 28. “The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset,” Hilton said.

What do you think about today’s news tidbits? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears appeared first on Bitcoin News.

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Bitcoin More Influential in US Politics Than Ever

June 20, 2018 |

Bitcoin More Influential in US Politics Than Ever

US Senate candidate Austin Petersen revealed his campaign received, and promptly returned, a giant amount of bitcoin this week, as the donation ran afoul of financing laws. Leading candidate for the Libertarian Party’s national chair, Joshua Smith, has made cryptocurrency a key part of his platform heading into the convention. Candidate for congress, coder Brian Forde, former MIT Media Lab digital currency director, and one-time technology advisor to President Obama, came out strongly in favor of cryptocurrency. The community is divided about political influence generally, but if there must be politicians it’s probably a positive sign some are warming to crypto like never before.

Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation

US Senate Candidate Austin Petersen Returns $ 130,000 Bitcoin Donation

“To whoever tried to give us $ 130,276 in #Bitcoin on Saturday,” posted US Senate hopeful Austin Petersen in what had to be a tortuous Facebook message, “we had to refuse your donation. Please donate $ 5,400 to http://austinpetersen.com/bitcoin in order to comply with FEC regulations. Also, start a PAC or something mate!”

Mr. Petersen is a well known figure in liberty circles. His background includes producing Fox political shows, founding influential website The Libertarian Republic, along with coming third in the race for the Libertarian Party’s presidential nomination in 2016. He’s currently mounting an outsider campaign for Missouri’s Republican US Senate nomination. Should he win the nomination this August, he’ll face incumbent Senator Claire McCaskill, Democrat, in November.      

Bitcoin More Influential in US Politics Than Ever

Mr. Petersen’s embrace of bitcoin is well documented, and he’s openly run on a platform embracing money’s future. It’s actually not the first time his campaign has had to return a crypto donation. Twice before he’s sent back hundreds of thousands of dollars worth. He holds the record as receiving the most legally donated bitcoin, roughly $ 4,500. If recent polling numbers are to be believed, Mr. Petersen is some 30% percent off the pace for the nomination.

Mr. Petersen’s campaign manager told ABC News, “I think it goes without saying we’re going to see a lot more of this in terms of campaign contributions and campaign financing.”

Coder Brian Forde’s Run for Congress

It started as a slur. Mr. Forde’s opponent branded him a bitcoin apologist for accepting donations, insinuating something sinister. Brian Forde, candidate for Congress, responded, “My supporters didn’t HODL, but they made donations to my campaign in bitcoin because they have faith in the technology. The comments accusing my supporters are completely inaccurate, sensationalist and it is due to my opponent’s lack of understanding of the technology. My supporters wouldn’t have donated to the campaign if they were just trying to speculate.” Bitcoin More Influential in US Politics Than Ever

Mr. Forde wrote some of the earliest and highest-up memorandums for the US government regarding cryptocurrency while in the Obama administration. His accuser was a former SEC attorney, which might explain the hostility and misunderstanding of financial impropriety. Mr. Forde’s campaign was backed by luminaries in the crypto ecosystem such as venture capitalist Mike Novogratz and even the Winklevoss twins. Ultimately, Mr. Forde came in a distant fourth place among six candidates, and so will have to wait at least another two years if he’s inclined to mount another challenge.

Joshua Smith Challenges Libertarian Party Insiders for Party Chair

The United States’ most viable third party option is the Libertarian Party. In recent years, some have seen the leadership of the party fawn and beckon very mainstream candidates to its national platform. And while there might be nothing wrong with that strategy per se, libertarians such as Joshua Smith wondered what the point of even being a libertarian was if the official party offered up basically the same type of candidates as the two majors. Rather than just moan about it, Mr. Smith threw his hat in the ring, and is running for the Chair position as an insurgent candidate. Among his disagreements with previous, current leadership is how they’ve not done enough to welcome the crypto community, a seemingly natural constituency.  

“We also need to do a better job of leveraging our membership’s connections within the Crypto community as a fundraising avenue,” he posted. “Right now, there are literally billions of dollars wrapped up in Crypto, with the majority of those currently investing being very Libertarian-minded people. Building coalitions with this community can help change our financial situation immensely, as well as quickly, and serves the added bonus of bringing new members to the party. I have already started building coalitions among libertarians involved with Crypto-community leaders such as Nexus and Vector Space Systems and would continue to build upon these efforts as LNC Chair.”

Bitcoin More Influential in US Politics Than EverThe electoral process will end at the Libertarian National Convention, held this year in New Orleans (June 30th through July 3rd). It promises to be a very interesting battle for the party’s soul. Mr. Smith continues, “It is worth remembering that the millions of people who make up the Crypto and Blockchain communities also make up a large portion of the people in this country who do not vote, as political parties have never made it a point to advocate for their interests. This all changed two weeks ago, when I and others passionate about this issue showed up to an LNC meeting and were able to get a Blockchain Committee voted on and put into place. As a result of that effort, we are now the first American political party actively pursuing blockchain solutions for party issues, as well as continuing to look for creative ways to advocate and fight for causes that are near and dear to the Crypto-community. Continued focus in this area will allow for both the growth of our party, as well as the retention of those who see the promise in this most ‘free-market’ of technologies.”

Should bitcoin be involved in politics? Let us know in the comments. 


Images via the Pixabay, Austin Petersen, Brian Forde, Joshua Smith.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post Bitcoin More Influential in US Politics Than Ever appeared first on Bitcoin News.

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“I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark

June 20, 2018 |

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

This week the Bitcoin Cash (BCH) community had found that two trademark filings for the phrase ‘Bitcoin Cash’ were registered with the United States Patent and Trademark Office (USPTO) over the past year. One trademark filing was registered with the USPTO on May 18, 2018, but the individual who registered it may be an accused con-artist from Hawaii who was charged with bilking millions of dollars from residents within the Honolulu region in 2001.

Also Read: Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls

A Bitcoin Cash Trademark Filed Last Month by an Interesting Individual Who Claims to Be Satoshi Nakamoto

Following our recent report that detailed how a company from the UK managed to successfully trademark the name ‘Bitcoin’, another odd trademark filing was found tied to the name ‘Bitcoin Cash’ according to public documents. There are two filings with the USPTO that are looking to claim the name Bitcoin Cash for products and goods associated with computer software licensing and online real-time currency trading. The most recent filing, registered on May 18, 2018, applies to computer software licensing and was registered by an individual named Ronald Keala Kua Maria from Hawaii. The USPTO filing also says after Kua Maria’s name ‘AKA Satoshi Nakamoto’ which indicates Kua Maria is claiming to be the inventor of cryptocurrency.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Hawaiian Cargo Container Grifting Accusations and the Ownership of Many Bitcoin-Related Domains

The name Ronald Keala Kua Maria leads people to a rabbit hole of interesting stories regarding this individual and his mother. According to reports in 2001, Kua Maria and his mother were accused of second-degree theft involving phony cargo containers and the two allegedly grifted millions of dollars by scamming Hawaiian residents. The cargo container scam started in 1979, Honolulu’s regional press explains, where Maria began asking acquaintances for funds to invest in fake cargo containers.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

Following the 2001 news report, a website was found by the Twitter handle @btcfork called Satoshinakamoto.ws that shows a bit more information about this mysterious trademark filing. The website also contains the trademark copyright notice which states:

I Ronald Keala Kua Maria also known as Satoshi Nakamoto inventor of bitcoin and blockchain technology hereby affirm that all my copyrights including an equity-based electronic reserve currency peer to peer electronic cash system.

The website further has a copy of the original white paper which shows a copy of the document decoded from the BTC blockchain and Kua Maria has titled the paper ‘The Coin of All Coins’. However what is more interesting is Kua Maria’s statements and claimed ownership of many BCH related website domains which include thesatoshinakamoto.com, bitcoincopyrights.com, bitcoincashcopyright.com, bchcopyright.com, and others. Visiting these sites visitors are re-directed to Kua Maria’s URL, rkm.world, which has a gallery of pictures and interesting services that are allegedly provided by the RKM business like a “free basic income plan”. Funnily enough, these services like the free basic income re-directs again back to the Satoshinakamoto.ws web portal.

RKM’s World: “I Own All the Private Keys, Blockchains, Altcoins and Bitcoins Under Copyright Law”    

“There are no other legal assignees or licensees of my copyrights — Any assignments or transfers are not authorized and may be fraudulent,” explains Kua Maria’s cryptic writings on the website. “I do not authorize any assignees or licensees — I did not publish any part of my TXu002037698 work prior to 08/17/2016 — On or about 09/20/2005 my home (address below) was raided by Federal and State authorities joint task force and my computers, laptops, files, inventions, copyrights, etc. were seized.”

I am the real one and only Satoshi Nakamoto — I own all the private keys, blockchains, altcoins and bitcoins under copyright law. In the event of my death, incapacitation, coma, kidnapping, detainment and or incarceration all of my copyrighted works and all related works shall no longer be used by anyone anywhere for any reason at any time subject to change without any notice at any time by Ronald Keala Kua Maria only. I hereby serve legal notice to all users of my copyrighted works to cease and desist all use of my copyrighted works breach subject to copyright infringement.

"I Am the Real Satoshi" Claims Hawaiian Man After Filing Bitcoin Cash Trademark

The Basic Income Plan: $ 800 USD Per Month

However, after these statements, Kua Maria casually says that individuals and organizations can contact him for a free license and copy of the notice. He also states that “basic income plan users may be required to pay 2% royalties on transactions over $ 800 USD to provide $ 800 a month basic income to all users subject to Copyright law and this Basic Income Plan.”

Bitcoin Cash fans and cryptocurrency sleuths are interested in this subject because of all the oddities involved with the story. There’s a chance the community could hear from this individual in the near future especially in regard to the intellectual property and domains this person has claimed ownership over. News.Bitcoin.com has reached out to Ronald Keala Kua Maria for an interview and will follow up with this story if he accepts our request. 

What do you think about this mysterious story concerning trademarking the phrase Bitcoin Cash and how Ronald Keala Kua Maria claims to be Satoshi Nakamoto? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Satoshinakamoto.ws, RKM.world, the USPTO TESS, and Pixabay. 


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post “I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark appeared first on Bitcoin News.

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