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AltcoinWeekly - Issue #84

Issue #84

4 - 10 July 2015 

Bitcoin and altcoin prices are going up, up, up! Check out CoinGecko for more altcoin prices. Exciting times ahead!
Bobby

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BITCOIN PRICE (BITSTAMP)

Bitcoin Price

 

Latest News

Citibank Is Working On Its Own Digital Currency, Citicoin

In a move that should be of no surprise to anyone familiar with the space, Citibank has admitted to running a test platform for digital currencies and is pondering its own solution, CitiCoin.

Greek island agrees to test Nautiluscoin

The Greek island of Agistri will test out a bitcoin-like currency to keep business and tourism going, explains "Fast Money" trader Brian Kelly.

Market

‘Litecoin Shows There Is a Simple Fix for Spam Attacks on Bitcoin’

On July 7, Charlie Lee, creator of Litecoin (LTC), wrote a post on Reddit to offer a fix for the current spam attack to the Bitcoin network.

Ecosystem

Fix reddit with bitcoin

Ryan X. Charles, previously the cryptocurrency engineer at reddit talked about his plans to create a decentralized reddit.

The Decentral Authority

Fred Wilson shares his thoughts on how a decentralized media organization can take place.

Mining

Bitcoin mining and the luck statistic

Organ of Corti explains (bad) luck in mining.

Bitcoin's Best Funded Miner BitFury Raises Another $20 Million

BitFury, the best capitalised mining firm in bitcoin announced it has raised a further $20m in funding.

Legal

California updated its digital currency legislation and it looks great

A new amended draft of California’s AB 1326 was released and it’s good news for us and Bitcoin advocates everywhere. Coin Center issued a letter of support for the legislation with their reasons.

Learn

[PDF] Financial Services Giant Deloitte Advocates a State-Sponsored Digital Currency in New Report

What would happen if we combined the best attributes of the technology of cryptocurrencies with the features of an established fiat currency under the sponsorship of a central bank? The result very well may just be a new method of handling payments that would revolutionize the current system. With the potential to reduce costs, reduce errors, speed the transfer of money, balance privacy with anonymity, and do it without the day-to-day operational need for a centralized organization, whether commercial or federal, the result could truly be transformational.

The Little Crypto that Could: Bitcoin's mere existence is incredible

The mighty contribution of Bitcoin was to hack the basic features of the digital world and create an immutable protocol that digitally reproduces necessary features of the physical world. It is a gold standard in the cloud — but better, because it is not created or managed by any government.

 

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