Issue #78
23 - 29 May 2015
As always in Bitcoinland, there's a non-stop supply of drama. This week, we saw the Roger Ver-OKCoin dispute over non-payment of rent for bitcoin.com escalated and started involving OKCoin's ex-CTO, Changpeng Zhao. A lot of dirty laundry is being aired in public from this dispute.
Bobby
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BITCOIN PRICE (BITSTAMP)
Latest News
Thirty-one-year-old behind illegal online drug emporium handed five sentences – including two for life – to be served concurrently with no chance of parole
Changpeng Zhao's version of events in the ongoing dispute.
OKCoin's response to Changpeng's accusation.
Commonwealth Bank of Australia to Integrate Ripple for Instant Settlements
The Commonwealth Bank of Australia (CBA) plans to begin using the Ripple network to settle payments between its subsidiaries soon.
Market
The UK government should apply regulation to bitcoin wallets, multinational management consulting company Accenture has advised.
Gavin Andresen suggested that he would shift his efforts from the main Bitcoin implementation (Bitcoin core) to the alternative Bitcoin-Xt implementation.
Eris Industries, which develops software that allows anyone to build secure, low-cost data infrastructure using blockchain and smart contract technology, has ordered all its staff to depart the United Kingdom
Ecosystem
Here’s how the blockchain could fix it.
European Bitcoin exchange BitStamp launched a pre-paid debit card that can be loaded with bitcoin on Wednesday. According to the London-based exchange, the debit card is accepted at anywhere major credit and debit cards are accepted. The card’s balance can be denominated either in British pounds, euros or American dollars.
Israel-based GetGems mobile wallet and messenger app earned the title of the “most visionary social solution” for “instant payments across social platforms” in the Citi Mobile Challenge in Europe.
Tembusu Systems Pte Ltd., a digital currency platform provider based in Singapore that counted Greece’s Finance Minister Yanis Varoufakis among its advisers, announced that it will soon begin implementing digital currency payments using its TRUST framework.
Mining
The author discusses the positives of a consensus algorithm as used by Ripple/Stellar over Proof-of-Work or Proof-of-Stake algorithms. The author argues that there are potentially serious downsides on PoW/PoS algorithms as compared to the consensus algorithm when working on crypto 2.0 related smart contracts.
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