Newsletter #63
7 - 13 February 2015
As I hit the Send button for this week, Bitcoin price is rallying up again perhaps in time for Chinese New Year? It would be interesting to watch things the next few days to see if the rally continues or settles back to low-$200 again.
Bobby
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BITCOIN PRICE (BITSTAMP)
Latest News
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BitPesa, the Nairobi-based startup that's took aim at the global remittance business, announced that it's raised $1.1 million in a second round of funding led by San Francisco-based Pantera Capital.
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50 years from now, I believe economists will add one other important characteristic of money to this list: programmability.
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Market
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Has the role of the professional money launderer found its virtual counterpart in the form of the bitcoin tumbler?
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CoIntellect is a Scrypt Cloud Mining service and has a maximum investment fraud likelihood. It appears to be a Ponzi scheme specifically.
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Ecosystem
![[Video] Life Inside a Secret Chinese Bitcoin Mine](https://goodbits-production.s3.amazonaws.com/uploads/link/thumbnail/596810/maxresdefault.jpg)
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In October 2014, Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural north China.
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William Mougayar is seeing early signs that we could be headed towards an increased risk of a Bitcoin crash. But, if it happens, this crash will be about the crypto-tech startup ecosystem, not the currency’s price. At the heart of this increased risk is the self-booted, crypto-enabled, crowd-sale phenomenon which is gaining popularity.
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Bitcoin is blossoming in the Czech Republic. But the Czech trek through the virtual currency landscape has not been without its scrapes and shivers.
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An interesting chart showing Bitcoin historical investment return by Organ of Corti.
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Learn
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Richard Gendal Brown shares his thoughts and definition of a “smart contract”.
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DeathAndTaxes has a brilliant posting on the Bitcointalk Forum. This is a must read for everyone regarding the 1MB blocksize cap.
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