Bitcoin Saves Africa: Nigeria’s Bank Prohibits Foreign Banknotes Deposits by DMBs“BitcoinCT r: 7 will Save Africa…” were the words of conclusion Tony Fakah (MBA), Head of Data Network Planning and Design at Phase3 Telecom, said during an interview with CoinTelegraphCT r: 22 in his office in Maitama Abuja, Nigeria, on Tuesday November 17th, 2015. Fighting corruption and stabilizing economy Tony Fakah works for Africa’s leading independent aerial fibre optic network infrastructure and telecommunications services provider - Phase3 Telecom. The company has a major influence in developing Africa's ICT market as it implemented the Wire Nigeria Project. The project was conceived by the Nigerian Communications Commission to help provide broadband Internet access to rural communities. That is why Tony Fakah knows what problems his nation faces. The interview discussed the prevailing circumstances plaguing the biggest black nation in the world as it struggles between fighting corruption and stabilizing its economy. It was an offshoot of the ongoing national debate which hovers around the current “foreign currency policy” by the Central Bank of Nigeria. In the circular released on Wednesday August 5th, 2015 and signed by Olakanmi Gbadamosi, the director of trade and exchange, the central bank said its actions followed recent statements by individual banks suspending the payment of foreign currencies into domiciliary accounts. http://cointelegraph.com/news/115732/bitcoin-saves-africa-nigerias-bank-prohibits-foreign-banknotes-deposits-by-dmbs
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Coinsetter Blames Bitcoin Compliance Costs for New Account Fees New York-based bitcoin exchange Coinsetter has instituted a new $65-per-month account fee, a move it says is aimed at offsetting its compliance costs. In an email addressed to users and circulated on social media, Coinsetter told users that it was instituting the fee in a bid to "compensate for the increasing costs of holding bitcoin accounts in a US-based setting". The new fee is scheduled to go into effect on 1st December. When reached for comment, the exchange confirmed the new fee and that proceeds would be used to defray compliance costs. "The cost of maintaining smaller accounts is too expensive in the current environment," CEO Jaron Lukasiewicz told CoinDesk, acknowledging that the move would likely cost Coinsetter its retail customer base: http://www.coindesk.com/coinsetter-bitcoin-compliance-costs-account-fees/
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Bitcoin Under Threat from Blockchain Analysis, Gov’t Regulation: Report itcoin is under serious threat from government regulation, according to a new analysis from Frost & Sullivan. Entitled “Dark Markets: Anonymity in Bitcoin”, the report from Frost & Sullivan Digital Transformation Research Analyst Vijay Michalik points to the benefits of the cryptocurrency’s system, and how increasing scrutiny and regulation related to security concerns could derail them. http://mobileidworld.com/bitcoin-govt-regulation-report-11256/
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ISIS parks its cash in Bitcoin, experts say Just days after the hacker group Anonymous pledged to hunt down Islamic State members and launch cyberattacks against their accounts, a separate group of techies claims it has identified a key funding avenue for the terror network – bitcoin accounts. Ghost Security Group, a collective of computer “hacktivists,” says it has located several bitcoin accounts that ISIS uses to fund operations. One account contained $3 million worth of bitcoin, a GhostSec member told Michael K. Smith II, a co-founder of Kronos Advisory, a national security advisory firm. http://www.foxnews.com/tech/2015/11/25/isis-parks-its-cash-in-bitcoin-experts-say.html
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PSA: Cryptsy Down, Claiming DDoSFor nearly twelve hours, Cryptsy.com, an elder “alt coin” exchange which has been the subject of semi-regular community outrage for various reasons, has been inaccessible. According to one of the exchange's proprietors, Paul Vernon, the site has suffered a DDoS attack not unlike the one CCN has been experiencing as of late. https://www.cryptocoinsnews.com/psa-cryptsy-claiming-ddos/
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Now U.S. Members Can Link Bank Account or Debit/Credit Card to Their Uphold Account Uphold stands by bitcoin offering new services for U.S. members.Uphold, a company that has powered over $620 million in transactions by tens of thousands of members across 168 countries, has come up with some exciting announcements recently. It cheered all U.S. members stating that they now get a possibility to link a bank account, debit or credit card to their Uphold account. With this innovation transferring funds to and from Uphold account becomes as easy as never before. As a reminder, members used to buy bitcoin to fund Uphold accounts in the USA. http://www.coinspeaker.com/2015/11/25/uphold-enables-us-members-to-fund-accounts-with-bank-transfers-debit-and-credit-cards/ |
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Coinbase Launches First US-issued Bitcoin Debit CardCoinbase, a leading bitcoin wallet service, announced the release of the first-ever bitcoin debit card. Called the Shift Card, the payment option is powered by Visa and enables the company’s customers to perform transactions in over 38 million stores worldwide. “Merchant adoption has come a long way over the past few years, but it’s still difficult for people to make regular purchases with bitcoin. Buying gas at a local gas station or groceries at a neighborhood grocery store with bitcoin has not been possible in most cities in the U.S.,” wrote Coindesk in a recent blog post. http://paymentweek.com/2015-11-24-coinbase-launches-first-us-issued-bitcoin-debit-card-8944/
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BitcoinBlackFriday.info Brings the Best Bitcoin Black Friday Deals to You!Tis the season for excellent deals on presents and personal goodies for the upcoming holiday, and Bitcoin Black Friday is better and stronger than ever, bringing with it a large number of participating merchants! Coming up just three days from now, Bitcoin Black Friday will be unleashing the most valuable deals found on the Internet, and BitcoinBlackFriday.info is there to ensure readers can quickly and easily nail down on what they want and snag it – easy as cake! http://bitcoinist.net/bitcoinblackfriday-info-brings-best-bitcoin-black-friday-deals/ bitcoinblackfriday.info - Do NOT use their website. https://bitcointalk.org/index.php?topic=1266987.0
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Australian bitcoin firm Bitcoin Group is hiring a bitcoin expert after the country's top regulator raised fresh concerns amid the firm's bid to launch an initial public offering (IPO). Bitcoin Group filed its second supplementary prospectus on Friday, 20th November, a move that pushed the firm’s IPO closing date to 8th January of next year. According to the company, the Australian Securities and Investment Commission (ASIC) has prompted the firm to hire "an appropriately qualified independent expert" who, according to the note, will: http://www.coindesk.com/bitcoin-miner-pressure-australian-securities-regulator/ |
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