Bitcoin Roundup May 24, 2016


Bitcoin Catches On With Gold Bugs – WSJ

Kanishka Sukumar, a consultant who works in midtown Manhattan, says his parents often stash money in gold for safekeeping. But the 24-year-old thinks there is a better place for his savings. 


Here’s One Way of Saving the Winklevoss Twins’ Bitcoin ETF Dream – Bloomberg

When the Winklevii filed for a physically backed bitcoin exchange-traded fund nearly three years ago, it created a stir. Their zeitgeist-capturing ETF filing garnered more press attention than all 139 new ETF launches that year combined but soon ran into a wall in the form of U.S. securities regulators. 


Bitcoin Miner Fees and Micropayment Channels – NEWSBTC

The Bitcoin network is weighed down by increasing number of transactions over the blockchain. Thanks to the smaller block size of 1 MB, which has not been upgraded since the days of Bitcoin’s creation. The increased load on the network has led to delays in confirmation of transactions. Miners have started to give priority to transactions with higher miner fee, leading to an increase in the average miner fee per transaction. 


Bitcoin Price Sailing A Shallow Sea – CCN: Financial Bitcoin & Cryptocurrency News

The bitcoin price ship again scraped its hull against something in the mid-$430s (Bitstamp). Evidently, there was no damage, yet the wind is just not billowing the sails. 


Gumtree Does Not See Bitcoin As Real Money – The Merkle

It looks as if some online platforms are taking more severe actions against Bitcoin-related content, even when their terms of service do not mention cryptocurrency at all. One Gumtree user had his advertisement suspended due to Bitcoin payments not being allowed. 


Ether to Blame for Bitcoin’s Decline? – Bitcoinist.net

Bitcoin has undergone a bit of a blunder and fallen by $10 since our last price piece. At press time, the currency is hovering at around $440, and some are feeling a bit nervous all over again. As the bitcoin price falls, many are wondering: is Ether to blame? 


Antpool Will Not Run SegWit Without Bitcoin Block Size Increase Hard Fork | Bitcoin Magazine

Although there has been some serious, public drama over scaling in the Bitcoin community for over a year, it appears that the community is mostly unified behind a single plan going forward, which is based on the “Bitcoin Roundtable Consensus.” There are still high-profile individuals, such as former Bitcoin Core lead maintainer Gavin Andresen and longtime Bitcoin angel investorRoger Ver, who would like to see an increase in the block size limit as soon as possible. 


Arrests And Prosecutions Reveal Big Vagaries In Bitcoin Selling Regulations – CCN: Financial Bitcoin & Cryptocurrency News

A Louisiana chiropractor who used his credit card merchant accounts to sell hundreds of thousands of dollars’ worth of bitcoin pled guilty last month to operating an unlicensed money servicing business. 


An ‘Algo’ For Rating Bitcoin/Blockchain/Distributed Ledger (BBDL) Equity | Seeking Alpha

There are as yet few (I know of two) investment opportunities in the very visible world of Bitcoin, Blockchain, and distributed ledgers. (Financial markets need an acronym for this topic. I propose BBDL – Bitcoin, Blockchain, Distributed Ledger.) 

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