Month: April 2018

Who Accepts Bitcoin? | Check Out These Places That Accept Bitcoin!

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Bitcoin is the, without doubt, the biggest cryptocurrency. Many major companies around the world are now accepting bitcoin payment for online goods and services (in Denver, you can even use Bitcoin to pay for your parking!) An aggressive campaign led by Coinbase (where $1 million worth of transactions were processed for free) prompted large companies to start accepting bitcoin by using third-party services like Bitpay & Cryptopay. As the trend has been started it appears to be growing, so who accepts Bitcoin? There are some surprising companies and we’ve listed…

Cannabis Industry Attorney David Rodman Describes Legal Hurdles

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Cannabis Industry Attorney David Rodman Describes Legal Hurdles April 30, 2018 by Jon Southurst Getting cannabis legalized at state level is tough enough — but then you have to deal with multiple local authorities, complete with their variety of individuals and opinions on marijuana use. Colorado’s principal attorney to the legal cannabis industry David Rodman told us about the challenges both current and future. Also see: Talking BCH in the OC: Bitsonline Visits the Orange County Bitcoin Cash Meetup Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders &…

St. Louis Federal Reserve Bank Says Bitcoin Is Like Fiat Money

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St. Louis Federal Reserve Bank Says Bitcoin Is Like Fiat Money April 29, 2018 by Akshay Makadiya The Federal Reserve Bank of St.Louis has weighed in regarding its viewpoint on bitcoin and other cryptocurrencies. In a new post, the bank stated that bitcoin has similar attributes to fiat money. The report stems from a research paper published earlier this year. Also see: Data Breach Leaves Bezop ICO Participants Exposed Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline Crypto and Fiat Money Have No ‘Intrinsic Value’ The…

Data Breach Leaves Bezop ICO Participants Exposed

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Data Breach Leaves Bezop ICO Participants Exposed April 29, 2018 by Ian Edwards An unsecured database containing the sensitive private data of over 25,000 investors in the Bezop Network ICO was recently discovered, cybersecurity firm Kromtech said in a recent report. Also see: Request Network, Wikimedia Foundation Team Up on Donations Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline Unsecured Database Found by Cybersecurity Firm A MongoDB database containing “full names, addresses, email addresses, encrypted passwords, wallet information, along with links to scanned passports, driver’s licenses,…

Lyn Ulbricht Describes Life for Ross in Prison, Updates Us on His Case

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Lyn Ulbricht Describes Life for Ross in Prison, Updates Us on His Case April 29, 2018 by Jon Southurst Lyn Ulbricht, mother of convicted Silk Road administrator Ross Ulbricht, sat down with Bitsonline this week to give us the latest on his case. His family and friends are refusing to give up the fight against his conviction and life-without-parole sentence, in a case that could have far wider implications for everyone’s right to privacy on the internet. Also see: The Struggles of Banking the Legal Cannabis Industry: Fourth Corner Credit Union’s Mark…

PBoC Researcher Touts More Centralized Approach to Blockchain

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Giving up absolute decentralization could solve many of the problems facing blockchain technology, according to Yao Qian, the People’s Bank of China’s digital currency research lead. In an opinion article, published by Chinese business news site Yicai on Friday, Yao summarized the current state of development of bitcoin and blockchain technology and offered his view on how the future of the tech should play out. While praising blockchain’s key features of traceability and smart contract functionality, the research director restated his belief that blockchain’s current bottleneck lies in how to achieve greater…

Lightning Labs CEO Stark Offers Scholarships to Female Blockchain Developers

Lightning Labs CEO Elizabeth Stark has announced a scholarship for female blockchain developers, in a bid to encourage more women to enter the crypto space and reduce gender inequality. The crypto turf has been seen as man’s world since its inception, despite the fact several crypto giants are run by women. Also see: Nasdaq Says It’s ‘Open’ to Becoming a Cryptocurrency Exchange Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline In an initiative to bring more women to the male-dominated space, Stark and bitcoin developer Jimmy…