Bitcoin Roundup July 5, 2016


Bitcoin loves the current political and economic instability | ITProPortal.com

Bitcoin’s transaction value has increased drastically over the past year, mostly because of both political and economic instability we’ve been witnessing in the past few years, according to a new Juniper Research report. 


Heifer International starts accepting bitcoin donations via BitPay – EconoTimes

Heifer International, a charity organization working to end hunger and poverty around the world, hasannounced that it is accepting bitcoin donations through a partnership with leading bitcoin processorBitPay


When Will Bitcoin Finally Get Better Privacy? | Blockchain Agenda with Inside Bitcoins – News, Price, Events

Although the media often hypes up Bitcoin as an anonymous, untraceable form of digital cash, the reality is that the blockchain is in desperate need of better privacy features. Earlier this year, the Open Bitcoin Privacy Project describe the sad state of privacy in bitcoin wallets in the second edition of their Bitcoin Wallet Privacy Rating Report


“With Bitcoin, We’re Sending a Message,” Says Swiss Town Mayor – CCN: Financial Bitcoin & Cryptocurrency News

Fintech-friendly Zug, a picturesque and serene town on the banks of lake Zug made headlines in May after gaining the distinction of the first municipality or locality in the world to accept bitcoin. 


Former Federal Agent Shaun Bridges Allegedly Stole Even More Bitcoin | Finance Magnates

It looks like the corrupt secret service agent Shaun Bridges either wants to get more time in jail or that he is simply too greedy to stop himself even after already being caught. 


Zugs bitcoin pilot project kicks off – EconoTimes

According to latest reports, the residents of the city of Zug, Switzerland can now pay their fees in digital currency bitcoin. With this, Zug, also known as “Crypto Valley”, has become the first locality in the world to accept bitcoin payments. 


Bitcoin Price Consolidating At $650 – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price has returned to above its 1hr 200MA and the interim correction to $650 (Bitstamp) appears complete. It is unlikely that price will fling straight into advance and more likely that bitcoin price first does what it does most often: consolidate prior to the next wave of advance. 


The Time Has Come For The SEC To Say That Bitcoin And Its Look-Alikes Are Securities | Seeking Alpha

The question of whether Bitcoin is a security for purposes of the U.S. securities laws has been around since the so-called crypto-currency first came on the scene.  


CoinReport Is the Bitcoin Halving Half full or Half Empty? – CoinReport

It’s that time again. Time to spin the wheel of predictions and see where the needle lands. Will the price increase? Will the price decrease? What about the fundamentals? Will China buy more bitcoins because of capital controls?  


Chinese Bitcoin App BitKan Adds Over-the-Counter Trading Feature

The Chinese company BitKan, which launched in 2013, has added an OTC (over-the-counter) trading feature to its app available for overseas markets. The feature is already popular in China. 


Bitcoin Price Sell-Off To $650 – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price made a corrective high at $705 (Bitstamp) and was then sold off to $650 for the duration of the day. What the market does next will determine trend for the next week. 


Why a 1MB Block Size May Be Right for Today’s Bitcoin – CoinDesk

In this opinion piece, Deschapell argues the current cap on bitcoin transactions isn’t likely to hurt the technology’s long-term adoption, and that more creative solutions should be prioritized. 


Rethinking Bitcoin’s $10 Billion Market Cap – CoinDesk

Amid increasing hype about blockchains and distributed ledgers, the value of global cryptocurrency markets has risen rapidly so far in 2016. 


FortuneJack Launches LuckyJack, a Brand New Bitcoin Casino Game – NEWSBTC

LuckyJack is a daily free Bitcoin giveaway promo by FortuneJack where the platform distributes up to 1000 mBTC prize fund every day to its registered players.


Heifer International Now Accepts Bitcoin Donations Through BitPay – NEWSBTC

The non-profit industry is definitely warming up to the thought of adopting bitcoin as an additional channel for receiving donations. Heifer International, a 72-year-old nonprofit has become the latest one to join the ranks by tying up with BitPay. 


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