Bitcoin Roundup May 30, 2016

Bitcoin Soon to be Accepted at Online Casinos

In an effort to enhance the safety and security of payments processing options, online casinos are eyeing cryptocurrencies like Bitcoin. 

The price of bitcoin just surged to a 20-month high — Quartz

Since Friday morning, the price of bitcoin has increased 15% and briefly reached $530. That’s the cryptocurrency’s highest price since August 2014, when bitcoin traded around $532. The market value of all bitcoin in circulation crossed $8 billion. 

Bitcoin Prices Break $500 Barrier to Hit 20-Month High – CoinDesk

Bitcoin prices broke through $500 on 28th May, building on the previous day’s momentum to reach a level not seen since August of 2014. 

Ernst & Young to sell $16 million in confiscated Bitcoin at auction in Sydney |

Around $16 million worth of Bitcoin is up for auction in Sydney next month after they were confiscated as proceeds of crime last year. 

Ethereum Price Virtually Unchanged Despite Bitcoin Bull Rush

Now that the Bitcoin price has been on the rise again, the discussion ultimately turns to how Ethereum is doing. Albeit Ethereum has been losing some of its value compared to the Bitcoin trading price, the Ethereum price in USD remains virtually unaffected. 

Venezuelan Pastry Shop Accepts Bitcoin Despite Public Distrust – CCN: Financial Bitcoin & Cryptocurrency News

A Venezuelan pastry shop, Tortas Don Eduardo, accepts bitcoin, despite the fact that acceptance has been slow, according to, a Latin American bitcoin journal. The proprietor, Eduardo Hernandez, investigated bitcoin while using the web in his work. 

Why ABN Amro Wants to Separate Bitcoin from the Blockchain – CoinDesk

For ABN Amro’s director of transaction banking, the company’s strategy on blockchain tech can be best described with a restaurant analogy. 

Pioneers of Bitcoin Business in Croatia Go Their Own Ways, Get Even More Ambitious

The two leaders of the bitcoin business in Croatia, Vedran Kajić and Ivan Šimurina, who have installed the first local bitcoin ATM, have gone their separate ways business-wise. Šimurina has just installed his first bitcoin ATM in Rijeka and the third one in Croatia. 

Bitcoin Will Help Boost Ecommerce Growth In Europe

There are dedicated plans on the table to boost cross-border ecommerce in the European region over the next few years. 

The Post-KnC Miner Bitcoin Mining Hardware Manufacturer Landscape – The Merkle

Now that KnC Miner has filed for bankruptcy, the Bitcoin mining world lost one of its primary suppliers. With the Bitcoin halving just around the corner, the future of mining will be shaped by the company who first managed to keep mining profitable. With the playing field thinning even further, let’s see who is left. 


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