Bitcoin Roundup May 25, 2016

Hackers Steal $2 Million From Bitcoin Exchange In Hong Kong, Bounty Offered To Recover Funds – Forbes

For cryptocurrency enthusiasts seeking mainstream adoption, events like this are so unhelpful. 

The Bitcoin Gambling Industry is growing at Full Steam – NEWSBTC

Since the first Bitcoin transaction in 2010, when a Pizza was bought by 10.000 Bitcoins, Digital currency has seen a significant interest from many online businesses. Industry scouts and entrepreneurs saw this new technology as a tool that could potentially revolutionize the way how payments were made through the Internet. 

Payment Processor Invests in Dubai-Based Bitcoin Startup – CoinDesk

Online payment service provider PayFort is among a number of participants to invest in a seed funding round for Dubai-based bitcoin startup BitOasis. 

The Complete Guide to Bitcoin Scams

As we speak, bitcoin market capitalization is hovering around $6.4 billion dollars. That’s a lot of money, and you better believe scammers know this and want a slice of that digital pie. 

Bitcoin Production Will Drop By Half In July, How Will That Affect The Price? – Forbes

Since its birth seven years ago, this abstract currency that only exists as computer code and/or in a small but rabid collective conscious has gone from completely worthless to almost $450 for a single Bitcoin. 

Online Platform Gumtree Does Not Allow Bitcoin-Related Content – EconoTimes

Online classifieds and community website Gumtree takes severe action against bitcoin-related content after a Gumtree user had his advertisement suspended due to Bitcoin payments not being allowed. 

Bitcoin in Use: The Arnhem Conference to Celebrate Bitcoin Retail Payments | Bitcoin Magazine

Over the past years, the Dutch town of Arnhem consistently made headlines for its exceptional Bitcoin project: Arnhem Bitcoincity. Launched in 2014, the initiative started with 15 bars and restaurants accepting bitcoin and has since grown to include more than 100 brick-and-mortar bars, restaurants, stores and more. 

UAE’s First Bitcoin Startup Shuts Down – CoinDesk

Bitcoin payments firm YellowPay, by some accounts the first industry startup in the Middle East, has shut down for undisclosed reasons according to members of its founding team. 

The Weird, Maybe Illegal World Of Bitcoin Gambling – Vocativ

Restoration of America’s Wire Act sought to firm up the 1961 Federal Wire Act in such a way that it would ban internet gambling. It was introduced in the U.S. House and then referred to the Judiciary Committee in February of last year. 

Bitcoin Price Watch; Gap Up Alert! – NEWSBTC

We’re coming to the end of the day on Tuesday out of Europe and it’s time to take a second look at the bitcoin price in an attempt to figure out how best to approach the market this evening, during the US afternoon session and beyond into the Asian open. Action today has been pretty interesting, so before we get into the strategy we are looking at for this evening, let’s address what happened during today’s session first. 


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