Bitcoin Roundup February 26, 2016

21 Bitcoin Computer Now Shipping to 32 European Countries – CoinDesk

21 Inc has announced that its Bitcoin Computer mining device is now shipping to most European countries, including major markets such as the UK, France, Germany and Italy.

The news follows the company’s recent expansion of sales to countries outside the US, starting with Canada. Further, 21 Inc said it is seeking to open up shipping to more countries over the coming weeks, and hinted that Asia could be next.

The startup further noted that, for EU purchasers, the device comes with the same software that customers in the US and Canada receive. 

‘Moralists’, the Latest Extortionists to Begin Using Bitcoin – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin ransoms aren’t going away anytime soon. Patrons of a Swiss strip club near Zurich have been sent letters that threaten to expose them unless they pay a ransom of $2,000 in bitcoin.

A copy of the letter was obtained by Swiss TV channel Tele Zueri and reported by NBC News.

The extortionist threat from the letters read: 

Japan considers making bitcoin a legal currency | Technology | The Guardian

Japan’s governing Liberal Democratic party is planning to propose legal changes that would define bitcoin and other cryptocurrencies as currencies.

The changes would mean bitcoin could be more tightly regulated and taxed, and are likely to lead to more investment in developing cryptocurrency infrastructure in Japan.

Tomonori Kanda, an official in the financial affairs section at the party’s headquarters, said legislative changes were discussed on Wednesday and the LDP aimed to raise the matter in parliament.

“There is a long way to go,” he said. “But we have discussed reform and believe it is the right way to go.” The timing of the change was yet to be decided, he said. 

Bitt Launches Barbados Dollar on Blockchain, Calls for Bitcoin Unity – CoinDesk

Bitt has launched a blockchain-based version of the Barbadian dollar, a new product that it believes will help its service appeal to underbanked users in its home country.

The announcement follows two days of local engagement, including a private launch on Monday held at local restaurant Buzo Osteria Italiana, and an international launch during a cruise on Tuesday that took place in conjunction with the Financial Cryptography and Data Security 2016 conference in Barbados.

So far, the engagements have earned Bitt coverage from the Caribbean Broadcast Corporation (CBC), as it seeks to better highlight its goal of creating a financial settlement network for the 15 nations in the CARICOM region. 

Kryptokit Launches Jaxx Ethereum & Bitcoin Wallet for Android Tablets | Bitcoin Magazine

Earlier this month, Anthony Di Iorio, chief digital officer of the Toronto Stock Exchange, CEO and founder of Kryptokit and Decentral, and co-founder of Ethereum, announced the beta launch ofJaxx, a unified platform which provides wallet services for both Bitcoin and Ethereum users.
Jaxx wallets consist of a hierarchical deterministic Bitcoin wallet and a lightweight Ethereum wallet being developed by Kyptokit, a Bitcoin group entrusted with securing more than 500,000 Bitcoin wallets installed on their Chrome extension and Rushwallet products. Since its establishment in 2013, Kryptokit has maintained its reputation for providing a secure platform that has not experienced a single case of customer fund loss from hacking attacks or data breaches. 

US CFTC Advisor Chou Calls Blockchain Without Bitcoin Efforts Misguided – CCN: Financial Bitcoin & Cryptocurrency News

Paul Chou, CEO of LedgerX and the bitcoin advisor to the U.S. Commodities and Future Trading Commission (CFTC), says companies trying to use the blockchain without bitcoin are seriously misguided, and so far the concept is unproven, according to New York Business Journal.

Chou says bitcoin and blockchain are inextricably linked and must remain as such for blockchain technology to become widely adopted. Chou’s LegderX is working to establish a regulated bitcoin derivatives market. 

Exchange Acquisition Consolidates Finland’s Bitcoin Market – CoinDesk

Finnish bitcoin broker Prasos has acquired Helsinki-based digital currency exchange Coinmotion for an undisclosed sum.

The acquisition of the exchange by Prasos – which operates a different bitcoin exchange called, as well as a bitcoin ATM network in Finland – follows a trend of exchange consolidation in the past year.

While Prasos, which has headquarters in Jyväskylä, Finland, declined to disclose the buy price, it say the cash deal involved the purchase of the Coinmotion platform along with its customer base.

While none of the exchange staff will stay with the firm through the transition, Prasos indicated that some elements of the outgoing team may in future work on the platform on a contract basis.

Coinmotion went live under the new management on 23rd February. 

Bitcoin Debit Card Provider E-Coin Rebrands as Wirex | Finance Magnates

Bitcoin debit card provider Wirex Limited announced today the launch of Wirex, a hybrid personal banking solution available to customers in more than 130 countries. At the same time, the rebranding will see the integration of its E-Coin into the new Wirex service.

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Wirex will provide bankless banking services that are “designed to close the gap between digital currencies and traditional currencies for everyday financial transactions.” It will offer three main services: convenient mobile banking via an app, instant remittance services, and upgraded 2-way debit cards which allows on-demand conversion between bitcoin and traditional currencies. 

Bitcoin Price Watch; Scalp Strategy in Play Tonight – NEWSBTC

Earlier on this morning, in our twice daily bitcoin price watch piece, we noted that after the rough and tumble week we’ve seen, we may see some sideways action throughout today’s session. We hoped it wouldn’t be the case (breakout trading is far more exciting than sitting flat in the markets) but we’re net black on the week so far and we wouldn’t want to jeopardize that with some recklessness, so we’d accept the sideways action if it came about. As things have turned out, that’s exactly what happened. After us having noted this morning’s key levels, the bitcoin price has remained pretty much flat, trading within a four or five-dollar range and giving us entries on neither the breakout or the intrarange side of things. 

Bitcoin Price Shows Market Caution – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price has lost direction. Ordinarily, this kind of price action can be described as merely corrective, but the chart shows several months of lower lows and, now again, a lower high. 

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