09 February 2017

Bitcoin Weekly News Summary 2017 W5 (30/01/2017- 05/02/2017)


This edition of BWNS is brought to you by Keepkey: the best looking and easiest to use Bitcoin Hardware Wallet that helps you securely hold your Bitcoin Wallet Private Key, While at the same time allowing you to use it safely and swiftly to transact with at any moment.  www.BuyKeepKey.com

Bitcoin Average Exchange Price For The Week


  • Mon, January 30:              $920-$925
  • Tue, January 31:                $926-$976
  • Wed, February 1st:           $973-$993
  • Thursday, February 2nd: $989-$1000-$1029
  • Friday, February 3rd:        $1022-$1031-$1020
  • Saturday, February 4th:   $1019-$1043
  • Sunday, Feb 5:                    $1041-$1021-$1036


The Bitcoin Average Exchange Price for the week was nothing else but an uptrend, a climb or a bull walk depending on how you want to call it. All positive, all week. As such, there is not even a point in trying to write more on it than is needed. Because of that, I instead, just put up the list of the Price Ranges during the days of the week from low to high. With in most days during the week, the low and the high also being the price start of the day and the ending price of the day respectively. You cannot ask for a better week than that. Not too frantic, Not too volatile. Just up, up and up.



Microsoft Announced A Collaboration With Tieron For Blockchain-Based Attestation And Data Platform

Which means being able to manage data that has been linked to a blockchain for proof of existence and and integrity validation. Tieron approach is to being able to do so effectively from a single point being able to do all this for a big amount of data. While it is never confirmed they are talking about the Bitcoin Blockchain. Tieron is primarily Bitcoin blockchain based and it is really the only blockchain you would want to do this with. 


Link: Via Diana Ngo at Coinjournal


Owner Of Polish Bitcoin Exchange Bitcurex Ran Away With 2,300 BTC

In what is a very sad end to a Bitcoin Exchange from Poland that has been around since 2012. The owner and operator decided to perform a disappearing act. Hopefully something will come out of this and the operator of this exchange will be caught.


Link: Via William Suberg at Bitcoinist


IRS Seeked To Delay Hearing In Coinbase Data Dispute

In the ongoing saga of the IRS vs Coinbase & Berns. USA’s Tax Man has now asked to move the hearing until the 23rd of March. Something that notably neither Coinbase or Berns objected to. Whether this means the IRS will reduce the scope of their petition to Coinbase or will come with a trick is unknown.


Link: Via Stan Higgins at CoinDesk


Federal Reserve Employee Mined Bitcoins On Federal Reserve Servers For 2 Years

While the headline gives away almost all the story. It is one hell of a headline. It is news and it is also contextually Funny and Ironic. You don’t get much of those kind of headline. Only other details worth adding to the story is that the guy got away with a misdemeanor offense, a year in probation and a $5000 USD fine. Considering he mined from 2012 to 2014. It was worth it only if the guy held the Bitcoin.

If there is ever a follow up to this story, I want an interview with guy years later just answer that question: did you held the Bitcoins? Yes or no. That’s it.


Link: Via Luke Parker at BraveNewCoin


Gemini Announced Zero-Confirmation Bitcoin Deposits

Meaning they will immediate allow for those deposits to become USD. This as long the depositors agree to be submitted to an automated clearing system that will preemptively calculate how long it will take for those transactions to be confirmed in the Bitcoin Blockchain and how likely they are to get confirmed normally in the first place.


Link: Gemini Blog


Vaultoro Will Be Part Of Techstars Berlin Accelerator 2017 Class

This will surely take profile of this unique Gold & Bitcoin Startup profile a lot higher.  Vaultoro has always seemed as an interesting Startup for sure.


Link: Via Alicia Naumoff at Cointelegraph


Bitpesa Raised $2.5M USD In A New Series A Funding Round. Aims For Expansion To Nigeria

The African Bitcoin Startup that started out of Kenya had already grown to extend some targeted coverage to Uganda and Tanzania. This new round was led by Draper VC, along with Greycroft Partners, Blockchain Capital, BnkToTheFuture, Digital Currency Group, Pantera Capital Future\Perfect Ventures and Zephyr Acorn. Of those, Greycroft is a new investor in the startup.


Link: Via Stan Higgins at Coindesk


Venezuelan Bitcoin Exchange SurBitcoin Shut Down After Their Bank Account Got Suddenly Closed

This news, in no doubt a continuation of the apparent crackdown by Venezuela’s Government on Bitcoin. Coming after and closing down of two Bitcoin Mining Operations in the country along series of arrest on the matter. While it is unclear what will happen with SurBitcoin. The response to this news was that volumes on LocalBitcoins shot up higher along with Bitcoin activity on the Colombian side from Venezuelans.


Link: Via Jaime Redman at News.Bitcoin.com


Bitcoin Exempted From UAE’s Central Bank Ban On Virtual Currencies

Good news coming out of the United Arab Emirates. Since the reason given was that it is because Bitcoin is a Digital Currency and a Store of Value. Which is correct. For me it is specially good news because that means the UAE got their definitions straight and sorted out. Something that don’t seems to be the cases yet in many parts of the world.


Link: Via Alex Lielacher at Bitcoin Magazine


Kiara Robles Of Blockstream Was Cowardly Attacked At UC Berkeley With Pepper Spray While Wearing A “Make Bitcoin Great Again” Hat

In a sad series of happenings that then was turned around with a flurry of media coverage by the same Kiara Robles. Even if the last thing you would want is media coverage out of controversy. In the end, Bitcoin also got some extra air time. It just disappointing this was the way it happened.

Fidelity Charitable, The Public Charity Arm of Fidelity Investments Announced They Had Raised $7M USD In Bitcoin Donations On 2016

Quite remarkable success. Certainly not an amount anyone would had expected.


Link: Via Stan Higgins at Coindesk


Novelties & Humor


VR Bitcoin Block Explorer



The answer to the question of how could a Bitcoin Block Explorer could look if it was part of a VR environment.


Bitcoin In A Super Bowl LI Ad


Only for a fraction of a second. But still counts, specially given the context and the kind of Ad it was.



Patrick Byrne From Overstock Appeared In A Fox Business Segment With A “Make Bitcoin Great Again” Hat


Hat which by the way refers to those supporting Segwit and that want it to pass so Bitcoin can continue growing safely.


This edition of BWNS is brought to you by Keepkey: the best looking and easiest to use Bitcoin Hardware Wallet that helps you securely hold your Bitcoin Wallet Private Key, While at the same time allowing you to use it safely and swiftly to transact with at any moment.  www.BuyKeepKey.com


That’s all for this week! Please return every week to get the most relevant Bitcoin News in one go and in a single post.

01 February 2017

Bitcoin Weekly News Summary 2017 W4 (23-29/01/2017)


This edition of BWNS is brought to you thanks to www.CryptoSteel.com . The coldest Bitcoin Hardware Wallet there is. But also the most hardened way to back up and preserve any kind of password safe and secure. Which is offline and pressed into a case of steel.

Bitcoin Average Exchange Price For The Week


Monday 23 started with the price at around $923 for the low of the day, followed with a slight increase to $928 for the high of the day and got in a slow decline at $925 at the end.

Tuesday 24 got going with dip to $906 , followed with a bounce to $921 that served as the high and ended with a low to $896

Wednesday 25 went with a low of $896. With the day following with a tiny increase to a high of $904. Then just retraced back $896 yet again and finished with small bounce to $899.

Thursday 26 showed up with a low of $900 and jumped to a high $918.

Friday 27 continued holding $918, had a little trip to a low of $914 and finished at a high of $924.

Saturday 28 slid in at $921, bumped to a high of $924 and tripped to a low of $920.

Sunday 29 glided in at $920, got to a low of $917 and then ended the week at $920.


Overall a calm week to end January where the BAEP settled in as the final effects of the PBOC intervention on Chinese Exchanges were reflected in the price per Bitcoin. But also in trading volume balancing out worldwide in a way that had not been seen in years. These effects came from the news that Chinese Exchanges started charging trade fees. Which of course stopped the indiscriminate abuse of wash trading that had been going on.  This summed up with the end of loans and crazy amounts of leverage in Chinese Exchanges made Trading volume fall up to 90% at one point. But all in all at least 70% less than the usual figures before POBC actions.

This don’t means things will stay this way. But it sure will be a change of pace from what had been the usual for over 2 years now.





Third annual Satoshi Roundtable took place in Cancun, Mexico

Where known Bitcoiners of all around the scene meet together to talk frankly and more or less privately as long as they get invited once a year. 

Read the quick retell of this third edition by Justin Connell at news.bitcoin.com and if you want to know what has happened in past editions of it. He also also wrote about that days before. Click in.


BitFury struck a deal with Hong Kong’s Credit China Fintech for $30M USD

The deal was for an undetermined investment in Bitfury itself but mostly for the creation of a Joint Venture that will focus on the Chinese Market where BitFury will hold 20% of said venture.

Via Diana Ngo at Coinjournal.


Four Bitcoin Miners Arrested By Venezuelan Authorities

They have been charged with Electricity Theft and Cyber Fraud. Even if Bitcoin itself is not illegal. In Venezuela, Electricity at almost free can only be for residential use and not business use unless you have clearance for it. This is of course not clear at all from the outside. But it is what I have been told. Then, when it comes to the Cyber Fraud. The charge is also in reference of they not having a registered business. Or at best, a “cleared to operate” business.


Via Samburaj Das at Crypto Coin News


Fiverr Stops Accepting Bitcoin

PR guy said it was because of Lack of Interest. In my case, I don’t believe him. I think that the change had also to do with the bad attention Fiverr got after #1 YouTuber PewDiePie made a video where he paid some guys in Fiverr to say an Anti-Semitic statement as a crude joke. The guys in question didn’t even knew what they were saying and got banned too. Bringing in even more bad publicity. From that, apparently some inquires where made in how this was even possible to have happened in the first place.  Considering that the YouTube Video has close to 10 Million views alone. This was probably the most attention Fiverr has ever got in its history. I think that the timing cannot be coincidence and they removing it is just a PR move. Just as it was to unban the guys in the video in question after the outrage it caused for them to be banned.  I just don’t see how that didn’t had something to do with it too. After all, when they added the option, it was also a PR move in the first place as Fiverr didn’t had full support of Bitcoin. Just partial support.

Via Stan Higgins at Coindesk


Xapo granted a license to operate in Switzerland

The License in question was provided by the Swiss Financial Market Supervisory Authority (FINMA). This allows Xapo to operate without worries from now on and offer all its services to Switzerland citizens.

Xapo for those that need a reminder on what it is, is more or less like a Private Bitcoin Fund for a group of very wealthy individuals that got into Bitcoin back in 2013, that also happens to operate as a Bitcoin Wallet and Solutions Provider.

Via Joseph Young at Cointelegraph


The Story of IRS vs Coinbase and IRS vs Berns continued with the IRS arguing they have the legal edge

How so? In this case the IRS argues that because of how their case was filed, it can be considered ex parte, which would make the pleas from Coinbase and Berns irrelevant. As the District Court the IRS asking to issue and blanket order to authorize the IRS to just ask for all the data of all Coinbase USA customers in the past 3 years can be judged by the court on its filing merits alone. Meaning that the district court can just decide to ignore Coinbase and Berns cases on it.

Technically, that’s 100% correct. That don’t means the District Court have to do just that either. But unless the District Court is actually interested in dispensing what is right and not just what is technically legal first. It is likely Coinbase and Berns will lose the case.

Via Stan Higgins at CoinDesk



Washington State Liquor & Cannabis Board are OK with Bitcoin being used for Pot Purchases

After a bill that called for the ban of Bitcoin for Pot Purchases in Washington State, the state senate had a hearing about it. In the end rationally arguing that is OK, since there is already a regulatory framework that regulates Bitcoin, they can just follow that instead of they having to rule something on it. Based on that, they found nothing wrong about the way Bitcoin was being used to support pot purchases.

Of course that’s the simplified version of the news. To read more on it, click in.

Via Justin Connell at News.Bitcoin.com


Interpol and Europol Recommended To Regulate Bitcoin More and Ban Bitcoin Mixers at their recent conference

How exactly they would want to ban Bitcoin Mixers when they are becoming distributed and are looking to become decentralized in the long term future is anybody’s guess. When it comes to Bitcoin itself. Hard times in regulatory terms could be faced by Bitcoin Exchanges located in Europe later during the year if even more regulation is introduced. Finally, one also has to wonder what they could had commented or thought about if immediately after recommending this someone reminded them about Brexit.

Via Aaron van Wirdum at Bitcoin Magazine.


CJS CD Keys Now Accepts Bitcoin

CJS CD Keys is a Game Key Reseller that competes with the now two more known players in that niche which are G2A and Kinguin, who also accept Bitcoin. The key difference with its competitors is that it resells ALL kinds of game keys.  This makes it a good addition to the Bitcoin Adoption in the PC Gaming space. Where now pretty much only GOG, Uplay and Origin have yet to accept Bitcoin. This when it comes to Big Game Marketplaces.

Via Tom Clancy at Crypto Coin News


Unicode Support for Bitcoin debuts on Ubuntu and OS X.

Still to come for Windows 10. Probably for the Creators Update. As previously seen, Excel will also have Bitcoin support later in the year.

It is also good to remember Cortana and Bing have full Bitcoin Price Look Up support.  It can be used directly from the start menu too by just writing: 1 BTC USD or other currencies combinations like  0.092 BTC MXN. Both will give the conversion result without the need to click enter.

Via Joseph Young at Cointelegraph


Some Bitcoins from Bitfinex Hack moved

It was bound to happen, it was just a matter of when. Person or Persons in possession of the coins are probably starting to check how to best to move them. In response to this, Bitfinex is now offering a 5% bounty per Bitcoin returned from the hack.

If you want to remember more on the Bitfinex hack and how exactly they are still operating. Clink in to read the news report.

Via Andrew Quenston at CryptoCoinNews


This edition of BWNS is brought to you thanks to www.CryptoSteel.com . The coldest Bitcoin Hardware Wallet there is. But also the most hardened way to back up and preserve any kind of password safe and secure. Which is offline and pressed into a case of steel.


That’s all for this week! Please return every week to get the most relevant Bitcoin News in one go and in a single post.


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