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31/05/2015

The Commonwealth Bank of Australia (CBA) announced this week it will use Ripple technology to facilitate payments between its subsidiaries, describing distributed protocols as "the way of the future".

Last May, Germany's Fidor became the first bank to integrate Ripple's protocol into its payments infrastructure, with two US banks, CBW Bank and Cross River Bank, following suit four months later.

Tech news site CIO quoted the CBA's own Chief Information Officer David Whiteing as saying the bank had "done a whole bunch of experiments" with bitcoin and other cryptocurrency technologies.

Whiteing said he sees no reason why bank accounts could not be used to store fiat money, cryptocurrencies and other assets like store loyalty points in the future.

He added:

"Bitcoin is a protocol which is now being replicated by non-asset based vendors like Ripple and others. We absolutely see that’s where it’s going to go. The bank has a role to play in that."

Alex Winter and Keanu Reeves reunite again. The film focuses on the arrest of Ulbricht, the charges made against him for...
31/05/2015

Alex Winter and Keanu Reeves reunite again. The film focuses on the arrest of Ulbricht, the charges made against him for his involvement in the creation and operation of Silk Road and the court case centred on these allegations.
"Keanu has been watching my cuts since the early days of this project, he's very very interested in this story, so that's why he got involved. He's also into bitcoin," said Winter.
http://www.coindesk.com/alex-winter-talks-bitcoin-drugs-and-his-new-film-deep-web/

CoinDesk managing editor Emily Spaven interviews director Alex Winter ahead of the release of his new documentary film Deep Web.

24/05/2015

T-Mobile Poland customers can now purchase prepaid cellphone credit with bitcoin.
"Our team is constantly looking for new opportunities, partnerships and cooperations with startups bringing great ideas. One of the reasons behind this initiative was to test how quick and comfortable the top-up process could be. Simplifying it to four taps while keeping high security standards is a significant achievement."

23/05/2015

New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky is stepping down next month and is said to be planning to establish a Bitcoin consulting firm. While the news created a slew of headlines, some media outlets were able to uncover new details. For example, The New York Post indicated that Lawsky would seek to advise clients on matters involving bitcoin and digital currencies.
"I am deeply proud of the work our team has done building this new agency and helping strengthen oversight of the financial markets. We have assembled a great team at NYDFS and I have full confidence that the critical work of this agency will continue seamlessly moving forward.”

New York stock exchange adds Bitcoin - https://www.nyse.com/quote/index/NYXBT
21/05/2015

New York stock exchange adds Bitcoin - https://www.nyse.com/quote/index/NYXBT

Market Data is delayed by 15 minutes and is for informational and/or educational purposes only. In certain circumstances, securities with respect to which the relevant exchange has commenced delisting proceedings may continue to be traded pending appeal of that determination. To view a list of secur…

16/05/2015

A court in Ekaterinburg, Russia has effectively lifted the ban to Bitcoin-related websites blocked in January by authorities. The Sverdlovsk Oblast court has accepted the appeal of the blocked sites and dismissed the demands of the prosecutor’s office to leave the ban in place.

The Bitcoin community in Russia feels that it efforts to win the struggle have paid off. The founder of BTCsec.com, Ivan Tikhonov, called the court decision “a victory for the Bitcoin community, our mutual victory.”
Crypto Info Now Legal

“As a participant in the process, I am very happy with the court’s decision,” Tikhonov told CoinTelegraph. He added:

“We achieved two very important things: the unblocking of informational sites and the reversal of the decision that information on cryptocurrencies is banned in Russia. I am pleased that the court approached this matter responsibly reviewing all arguments and ultimately ruling in our favor.”

15/05/2015

New York bitcoin exchange itBit has closed $25m in Series A fundraising.

The round drew support from a pool of new and existing sources including RRE Ventures, Liberty City Ventures and investor Jay W Jordan II. Raptor Capital Management chairman James Pallotta also participated in the round.

itBit is the first company of its kind to receive a trust company charter.

In a statement, itBit co-founder and CEO Charles Cascarilla said that the approval gives the bitcoin exchange broad access to US-based customers, adding:

“Regulatory approval from the NYDFS allows us to serve as a custodian for our clients’ assets and expand our services to US customers – the largest market of bitcoin traders in the world – and allows us to do so with the highest standard of care afforded by any bitcoin company.”

ItBit said that customer funds denominated in US dollars will be held in FDIC-insured accounts, though the company declined to name its banking partner.

Microsoft has started accepting payments made using bitcoins.The virtual currency can now be used to add funds to Micros...
15/12/2014

Microsoft has started accepting payments made using bitcoins.

The virtual currency can now be used to add funds to Microsoft accounts that can then be spent on a variety of Microsoft services.

The cash can be used to buy content such as games and videos on Xbox game consoles, add apps and services to Windows phones or to buy Microsoft software.

Microsoft is the latest in a series of big firms to back bitcoins.

Microsoft made no formal announcement about its backing of bitcoins. Instead, it added a page to its customer support pages detailing how the virtual cash could be used to top up a Microsoft account.

Currently bitcoins can only be used by customers in America. In addition, bitcoins must be used in fixed amounts.

Bitcoins are slowly making their way into mainstream businesses, and now Paypal, Dell, Expedia, Newegg and many other firms accept payments made with them.

http://www.bbc.co.uk/news/technology-30377654

Software giant Microsoft starts accepting payments made with bitcoins for Xbox games and Windows phone apps.

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