Bitcoin Roundup April 21, 2016


This Story About a Florida Man Involves Bitcoin and J.P. Morgan – Fortune

A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as J.P. Morgan Chase JPM -0.97%


MIT ChainAnchor Wants To Expose Bitcoin User Identities

The MIT ChainAnchor Project is far less noble than most people originally assumed it to be. It appears as if the primary focus of this project is to ensure Bitcoin users link their identities to wallet addresses and transactions, removing any pseudonymity and privacy. Although it is not the first time someone proposes such a drastic course of action, the ChainAnchor team has a cunning plan to enforce this obedience. 


Fold Relaunches Card for Cash: Trade Gift Cards for Bitcoin – NASDAQ.com

Matt Luongo, the founder of Fold, and his team are known for creating an app that lets you spend bitcoins at large retailers such as Starbucks, Target and Whole Foods for a discount. Today they have returned to their roots by re-launching another product they created for the space, to help people earn bitcoins from their gift cards.

The product is called Card For Coin and in a statement to Bitcoin Magazine , Luongo explains that it is a re-release of their first release, originally launched in 2014


Bitcoin Exchange Kraken Hires Financial Law Veteran as General Counsel – CCN: Financial Bitcoin & Cryptocurrency News

Kraken, one of the largest bitcoin exchanges in the world has announced the appointment of Edward Stadum, a lawyer and fintech advisor with over five decades of legal experience and insight into international law.

Global Bitcoin exchange Kraken has hired Edward M. Stadum as its General Counsel. Stadum will provide opinion and specialist advice for the crypto-exchange’s expansion plans globally, with a focus on best business practices, corporate governance, finance, strategy, acquisitions, and finance.

Stadum leaves his post as US General Counsel to Fidor Bank, an innovative online direct bank in Germany that facilitates Kraken’s euro business. Stadum found potential in the digital currency market after being tasked to do a comprehensive external audit of Kraken. 


Decentralized, Peer-To-Peer Bitcoin Exchange Bitsquare to Launch Next Week | Bitcoin Magazine

Having been in development for more than two years, what promises to be the first proper decentralized Bitcoin exchange is set to officially launch next Wednesday.

Bitsquare, an open source project led by the Austrian-born Manfred Karrer, allows anyone to trade Bitcoin for fiat currency as well as altcoins, without requiring a company, central intermediary or permission from anyone. 


Bitcoin expert: EU should ‘wait and see’ before regulating blockchain – EurActiv.com

Lawmakers are debating how to deal with virtual currencies and, in particular, with the promising technology behind them: blockchain. Patrick Murck, co-founder of Bitcoin Foundation, believes that the current ‘hands-off’ approach is the right one. 


MIT Responds to Bitcoin Developer Concerns Over ‘ChainAnchor’ – CoinDesk

A blockchain project being developed by MIT researchers gained new attention this week following criticism of its alleged design elements, though the veracity of these claims has been denied by those involved. 


The Segregated Witness Timeline: From Idea to Adoption in Six Steps | Bitcoin Magazine

Segregated Witness might be the most significant improvement to the Bitcoin protocol to date. The innovation is set to fix transaction malleability, offers an effective block size increase, enables development flexibility and more. After months of coding, Segregated Witness is getting close to rollout, as a pull request was submitted toBitcoin Core earlier this week. 


Apple Pay and Bitcoin Are No Match for Harriet Tubman’s $20 Bill – Bloomberg

In replacing Andrew Jackson on the $20 bill, Harriet Tubman is getting pride of place in the American wallet.

Despite hype for Apple Pay, Bitcoin, and other alternative payment methods, cash is still king for the vast majority of Americans. And the twenty is the most important bill, making up 55 percent of the value of notes the typical consumer carries. 


Bitcoin Price Technical Analysis – Long-Term Triangle Breakout?

Bitcoin price made an upside breakout from its long-term consolidation pattern, signaling that it’s ready to go for more gains. 


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