Bitcoin Roundup June 1, 2016


3 Reasons Bitcoin Is Booming Again – Fortune

Here we go again. After a long stretch in which the price of bitcoin held stable, the world’s most famous digital currency is on the move again—and this time it’s heading straight up. 


Mystery Solved: $6.6 Million Bitcoin Theft That Brought Down Dark Web Site Tied To 2 Florida Men – Forbes

The U.S. government has seized $4.5 million from two Florida men who allegedly stole 5,400 bitcoins from illegal online drug sales site Sheep Marketplace in late 2013, shortly before the price of bitcoin hit its peak of around $1,200, according to forfeiture documents filed last week in Jacksonville, Florida. 


Will Ethereum Beat Bitcoin to Mainstream Microtransactions? – CoinDesk

Micropayments have long been one of the most hotly-anticipated use cases for bitcoin, but similar tech may be coming soon to Ethereum, the decentralized blockchain network that has recently rejuvenated outside interest in the cryptocurrency space. 


Australian police to auction $13m in confiscated bitcoins | Technology | The Guardian

About $13m in bitcoins will be auctioned in Sydney in June after Victorian police confiscated the digital currency as proceeds of crime. 


Economist Argues Bitcoin Isn’t Money in Closely Watched Court Case | MONEY

In a court proceeding watched closely in tech and financial circles across the United States and the world, an economist testified last week that bitcoin isn’t really money and thus not subject to money-laundering laws.  


Cameron Winklevoss on Bitcoin’s Price Volatility: No Reward Without Risk – NASDAQ.com

One of the main criticisms of Bitcoin as a currency has been price volatility. While most people are attracted to the low costs and quick settlement offered by the blockchain, those same individuals do not like the idea of holding on to an asset that has sometimes lost large chunks of value within short periods of time


Why Bitcoin is China’s latest craze | afr.com

Bitcoin’s founders – who saw the digital currency as a refuge against the tyranny of central bankers – will be delighted by what’s going on at present. 


KinerjaPay Corp. Enters Partnership With Bitcoin Indonesia

KinnerjaPay Corp., (OTCQB: KPAY), a digital payment and ecommerce platform, today announced that it has partnered with Bitcoin Indonesia to accept the bitcoin currency for transactions conducted on its platform. 


The Five Most Useful Properties of Bitcoin – NASDAQ.com

Bitcoin has received plenty of hype as the money of the future over the past few years, but what are the properties of this digital asset that set it apart from everything else on the market? What are the features of Bitcoin that get people to use it in the first place? 


KinerjaPay Includes Bitcoin Payment, with Bitcoin Indonesia – NEWSBTC

Customers in Indonesia can now pay online with bitcoin as the country’s leading payment solutions provider KinerjaPay has added the digital currency as one of the payment options on its platform.KinerjaPay, in a recent press release, has announced its partnership with Bitcoin Indonesia to facilitate the Bitcoin option for its merchant partners. 

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