In a statement issued to the public, Bank Indonesia says that citizens are encouraged to be careful toward Bitcoin and other virtual currencies, as they are not currencies or legal payment instruments. It further declared that all risks related to the ownership and use of Bitcoin should be borne by the owners.

The concept of digital currency has been in the gaming sector for a while now.  If you are used to playing games online or on a mobile phone then you will be familiar with the game coins or special XP points. Whenever you reach a milestone these XP points gets credited, which can be used to buy upgrades. In order to accumulate enough points, you will have to put in a lot of gaming hours. Alternatively, one can buy these achievement points in the form of in-app (or in-game) purchases. In order to make these purchases, one has to pay with fiat currency.

There are many online gambling platforms where people have been wagering with fiat currency. This might be more relevant to destinations outside of the US and there are those who play with the “cryptocurrency” bitcoin – this is for both standard gaming and online gambling.

Let’s take a closer look at bitcoin developments in both the online gaming and gambling industries:

The app has been published on Google Play Store. It will take about 2 hours before it becomes public. Keep in mind that this is a new app, and once it goes public, mining will be shut down in all old apps. You will be able to transfer all your coins from the old app to the new one. You will need to register a new account with your email to use the new app. All accounts that are active on the iPhone app can now also login to the new Android app (they will be logged out on the iPhone of course).

If you have any problems with the app, or with logging in, please contact us. We will get it fixed.

I have 1 Gb free on my phone's storage, but your app keeps complaining that it cannot install due to insufficient space... Is this a bug, or does it need a huge amount of storage?

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After months of relative calm, the price of bitcoin broke out this week, spiking to a high of $257 on 17th June.

Of particular focus for many observers was the speed at which the market made its gains, with most of the run occurring between 13:00 and 15:00 UTC on 16th June. Though such volatility is by no means uncommon in the bitcoin market, the wider community quickly sought to correlate the market movement to larger trends.

One of the most prominent theories that emerged was related to the market's timing, which roughly coincided with growing indications that Greece will likely default on its debt obligations. Nicknamed the "Grexit", some believe the default could result in Greece leaving the eurozone, even as German Chancellor Angela Merkel and other European leaders strive to downplay such speculation.

Bitcoin startup Elliptic has announced a new blockchain visualization tool that draws connections between several well-known dark markets and bitcoin exchanges.

Called the 'Bitcoin Big Bang', the feature is part of an offering aimed at businesses looking to beef up their anti-money laundering efforts.

The tool, which displays an interactive web of blockchain entities, shows how Silk Road, for example, connects to several 'Known Exchanges' currently operating.

CoinBR has acquired bitcoin banking platform Coinverse in an undisclosed deal that will find the two Brazil-based companies consolidating.

Following the deal, CoinBR is looking to expand aggressively, according to chairman Rocelo Lopes, who estimated the company could purchase as many as four competitors as it seeks to create a market-leading universal bitcoin company for Brazil.

Lopes indicated that CoinBR will seek to acquire a merchant processor to complement its existing mining, exchange and wallet services, a purchase made possible through profits from his bitcoin mining operations and Sao Paulo-based VoIP provider Othos Telecomunicacoes.

The part that might be the most important is this : < Other "attractive features" of the technology include transaction irreversibility, near-instantaneous clearing and settlement and a reduced margin of error, as individual transactions are openly verified by a community of network users. >
The problem with this is, we as the consumer will never see the benefit of these savings. The saving will benefit the shareholders and investors and the consumer will still be exploited with high fees.

I guess every satoshi they make use of helps in the long run for all of us in terms of the price. The more outfits that implore the blockchain to do business for them is an ultimate boon to what we're doing here especially in a time like this when we're trying to crush a bear market and move on from a historical bullet to the head/price.

Polish payment processors and at least one bank in the country have closed the accounts of local bitcoin exchanges.

BitBay, Cryptoins.com, bitmarket24pl and Bitmarket.pl confirmed that the regional payments processors they work with – CashBill and BlueMedia – had informed them that their accounts were being closed at the request of their own partner banks.

Bitmarket.pl told CoinDesk that PKO Bank Polski had also informed them that their bank accounts were being closed.

New York-based bitcoin hardware wallet provider Case (formerly CryptoLabs) has raised $1.5m in new seed funding.

The round, led by Future\Perfect Ventures, included participants RRE Ventures and the Rochester Institute of Technology Fund.

First announced in fall 2014, the Case wallet became available for pre-order this May, with shipment of the first 1,000 units expected to be completed this summer. The product promises various security features including multisig and biometric authentication technology.

A utility firm in Mississippi is seeking a default judgment against cryptocurrency mining company GAW Miners months after filing suit for breach of contract.

Mississippi Power Company (MPC) said in a 17th April filing submitted to the US District Court of Southern Mississippi that it was entitled to a default judgment in its favor owing to a lack of response from GAW.

MPC is seeking $346,647.29 in damages plus interest. MPC began offering services to GAW in October of last year, providing electricity to its Mississippi-based data center.

A US judge has ruled that a Kentucky man must repay a loan he originally solicited in bitcoin.

Judge Frank Fletcher of the Breathitt County District Court, in an order signed 5th June, stated that Dennis Kerley must repay $67,591 on a loan he had received in bitcoin via the peer-to-peer (P2P) lending platform BTCJam.

The loan, dating back to December 2013, fell into default within a few months of receipt. The plaintiff in the case, Daniel Kaminski de Souza, loaned Kerley 11.95 BTC, worth just over $10,000 at the time it was solicited.

A long-anticipated report published by the Canadian Standing Senate Committee on Banking, Trade and Commerce has called for a regulatory "light touch" on bitcoin and digital currencies.

The report, entitled "Digital Currency: You Can't Flip This Coin!", comes after a months-long review that included a number of hearings before the Senate committee, and will undoubtedly play a role in how the government shapes future regulation.

The committee recommended that the government look for ways to utilize digital currencies and blockchain technology, deeming the technology "ingenious" and capable of potentially meeting critical needs in both the financial sector and the unbanked in the world.

Bitcoin’s biggest problem is still the threat of a 51% attack, according to Dr Dirk Haubrich, head of consumer protection and financial innovation at the European Banking Authority (EBA).

He said his main concern about the widespread adoption of bitcoin is the risk of a 51% attack, where a single entity contributes the majority of the network’s mining hashrate and, thus, gains full control of the network and can manipulate the blockchain.

Haubrich made these comments on Friday at an event titled Controlling Cryptocurrencies at the University of Birmingham in the UK.

Coinbase has announced the launch of its Instant Exchange, which will allow users to buy and sell bitcoin whilst protecting them against the digital currency's price volatility.

Users with euro, dollar or pound Coinbase accounts will be able to purchase or sell bitcoin directly on the company's website.

Once their instant buy or sell order has been executed, the funds will be withdrawn from or credited to the users' local currency wallet.

Magnr, formerly BTC.sx – a bitcoin derivatives trading platform – has rebranded and is now offering bitcoin saving accounts with an interest rate fixed at 2.18% for a promotional period of six months.

Following this, the interest rate will be variable, dependent on trading fees generated by users on the platform. Magnr declined to reveal its trading volume but said that it had surpassed 60,000 total trades earlier this year.

When asked about the potential implications of bitcoin's price volatility on users' interest rates, Josh Blatchford, chief marketing officer at Magnr, emphasized that those saving bitcoin would likely always benefit users through positive returns.

f you’re planning on catching the new teen comedy flick Dope this Friday (June 19), you might not need your wallet, but, definitely your phone.

The movie’s distributor Open Road Films will allow moviegoers to buy tickets with Bitcoin, a digital currency exchanged through mobile apps or computers. Similar to credit card purchases, buyers can go online at MovieTickets.com to purchase their tickets from more than 900 U.S. theaters.

The coming-of-age film, which follows New York teens that exchange drugs for Bitcoins, adds a personal touch for consumers anxious for their front-row seats to the flick.

ShapeShift recently made headlines after its announcement that it would cease offering services to New York residents as a result of the finalization of the BitLicense digital currency regulatory framework. In an interview with the New York Post, Voorhees described the customer data requirements imposed by the BitLicense as “Orwellian”.

New York users trying to access ShapeShift are instead directed to PleaseProtectConsumers.org, a site that protests the BitLicense framework and currently lists ShapeShift as its sole participant.

Voorhees said that the biggest issue for his company is the risk to users whose information would be collected by regulators – an arrangement that he says exposes them to hacking vulnerabilities that could result in their data being stolen and exploited.

San Francisco-based digital currency exchange Kraken has launched a new dark pool for bitcoin trades.

The dark pool, which functions as an invisible order book separate from its public offering, is intended to provide a means for traders to move more than 50 BTC (roughly $12,500 at press time) on the market in relative secret.

Dark pools are used throughout the global financial system, though the practice has faced rising scrutiny from regulators, and banks have been penalized in the past for unlawful activity within the dark pools they operate. Supporters of dark pools say they help stabilize markets and reduce costs.