Bitcoin Roundup May 31, 2016

Bitcoin price jumps 21 percent over 4 days, reaching a 21-month high | TechCrunch

Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought. Bitcoins are now trading at $547.40 on Bitfinex (the largest USD/bitcoin exchange according toBitcoinity). And it represents a big 21.4 percent price jump over just four days. 

Dubai’s Global Blockchain Council Unveils First Pilot Projects – CoinDesk

Dubai’s Global Blockchain Council (GBC), a public-private initiative between local businesses, government agencies and startups, unveiled seven new proofs-of-concept at industry conference Keynote 2016 today. 

Australia to auction $11.5 million confiscated bitcoins

Around 16 million Australian dollars ($11.49 million) worth of confiscated bitcoins will be auctioned in Sydney next month, the first such auction outside the United States, as demand for the digital currency surged to its highest in nearly two years. 

Fix Cut Set to Push Yuan Low; Bitcoin Bubble Continues

Over the past few days, there has been a growing demand for Bitcoin by Chinese investors. The Bitcoin price has surged because of this situation, and as more people start to see the value of cryptocurrency, this trend is likely to continue. 

Bitcoin Thieving Darkode Botnet Hacker Sentenced – CCN: Financial Bitcoin & Cryptocurrency News

A Darkode hacker has been sentenced to a year and a day in prison for illegal cybercriminal activities. The hacker, who controlled 5,000 computers as a botnet, also conspired with another individual to steal over $80,000 in bitcoin. 

Is Bitcoin Really Money? Economics Professor Says ‘No’ In Landmark Criminal Case

Should bitcoin be considered money? It is a question which banks, government, regulators and financial institutions around the world have been grappling with for years, but now the question could finally be answered in a ground-breaking court case, the result of which could have significant impact on the cryptocurrency market all over the world. 

Ex-Citi Trader’s Bitcoin Exchange Skirts Currency Curbs – Bloomberg

It was after Arthur Hayes got laid off from Citigroup Inc. in 2013 that he stumbled across one of the simplest ways to make money he’d ever seen. 

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. 

Bitcoin Derivatives Exchange Expands, Skirting China’s Currency Curbs – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin Mercantile Exchange (BitMEX), a bitcoin derivatives exchange that launched in 2014, already has 5,800 users who have traded $760 million on the exchange, according to Bloomberg

Now could be a good time to keep an eye on bitcoin again ·

Bitcoin could be on the way back up after it hit its highest value in 20 months. 

Bitcoin vs. Ether: We Will Invest In and Transact with Ether Differently, Here is Why

Will we invest in and transact with Ether differently than we do with Bitcoin, since the two currencies have different monetary policies? 

Bitcoin Price Watch; A Fresh Week’s Trading

It’s been an interesting few weeks in the bitcoin price market, and we’ve had the opportunity to get in and out according to each iteration of our intraday strategy on a number of occasions. 

London Workshop Explores Blockchain Identity in Finance – CoinDesk

The Identity & KYC conference in London hosted a workshop on using blockchain technology to improve know-your-customer processes earlier this week. 

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