Newsletter #59
10 - 16 January 2015
Damn this was one hell of a capitulation week with bitcoin prices tumbling to below $200. Hope it recovers soon again.
Bobby
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BITCOIN PRICE (BITSTAMP)
Latest News
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The bitcoin price fell below the landmark $200 point to a low of $178, putting it back into territory not seen since late 2013.
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The Federal Supervision Agency for Information Technologies and Communications has blacklisted five Bitcoin-related websites.
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BlockCypher has raised more than $3m in a seed-funding round that will allow it to expand its operations in Europe and Asia.
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Market
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In a less than graceful tweet, Jeffrey Smith, the CIO of CEX.io, announced that the company would be pausing mining for its users.
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William Mougayar shares his thought on the crypto-tech platform landscapes by categorising the various cryptocurrencies into Bitcoin/non-Bitcoin blockchain and bitcoin/non-bitcoin currency.
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This is a series of entertaining images of someone asking women their thoughts on Bitcoin on Tinder.
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Ecosystem
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David Sterry writes on the 8 different potential use cases of Counterparty.
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One of the criticisms that many people have made about the current direction of the cryptocurrency space is the increasing amount of fragmentation that we are seeing. What was earlier perhaps a more tightly bound community centered around developing the common infrastructure of Bitcoin is now increasingly a collection of “silos”, discrete projects all working on their own separate things.
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The new destination for illicit drugs and fake IDs may be found on a lesser-known anonymity service called I2P.
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Legal
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In an unexpected twist, Ross Ulbricht's defense team is arguing that Mark Karpeles, CEO of a failed Bitcoin company, was the real Silk Road mastermind.
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Learn
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Tim Swanson wrote a brilliant description on how payment processors like Bitpay work under the hood.
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A researcher in Berlin has described a way to compromise the core cryptographic algorithm underpinning bitcoin so that transactions leak private-key data.
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