Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange last week.

The Hong Kong-based startup lost nearly 120,000 BTC in the incident (an amount worth roughly $71m at press time), and now suggests it's willing to offer 5% of these funds (or about 6,000 BTC) as a reward should they be found and returned.


http://www.coindesk.com/bitfinex-6000-btc-bounty-stolen-bitcoin/

Bitspark Partners With Vitaxel Group To Launch Blockchain Remittance Platform In Malaysia


Bitspark Limited, the world’s first cash-in cash-out remittance service leveraging Bitcoin and Blockchain technology in partnership with Vitaxel Group, the holding company of the first MLM Company from South East Asia to promote exclusive travel, entertainment, lifestyle and health products through eCommerce and its own online shopping mall, today signed the master agreement to pursue bringing Bitspark’s remittance platform to the Malaysian market.

According to a company blog  post,   has partnered with Vitaxel Group, a direct sale organization, to bring Bitspark’s payment platform to Malaysia. Bitspark, a remittance service that leverages bitcoin and Blockchain technology, enables money transfer businesses to send and receive money faster, cheaper, and more securely to more than 100,000-plus destinations worldwide.


http://www.the-blockchain.com/2016/08/08/bitspark-partners-with-vitaxel-group-to-launch-blockchain-remittance-platform-in-malaysia/

The mission of OpenBazaar is to give everyone in the world "the ability to directly engage in trade with anyone in the world for free," says Brian Hoffman, the project's 33-year-old project leader.

A peer-to-peer network for selling goods online, OpenBazaar runs on open source software that users download and install on their computers, which is similar to a BitTorrent client. The client connects them to the OpenBazaar network, where they can trade with other users. It's like eBay without eBay. All items are paid for using bitcoin.

http://reason.com/blog/2016/08/08/can-openbazaar-make-free-trade-unstoppab

     

The government is selling bitcoins taken from some of the internet's most notorious criminals

The U.S. Marshal Service plans on selling approximately 2,719 bitcoins obtained through a handful of criminal seizures, it announced Monday.

The coins, currently valued at more than $1.6 million, are like tours through the recent history of cryptocurrency-related crime—all of which (or, at least, some of which) could be yours if you decide to bid in the auction.

Of the nine cases from which law enforcement officials have obtained the coins that are being auctioned, the most high-profile is Ross Ulbricht. Convicted in February 2015 of running the online drug black market Silk Road, which facilitated more than $200 million in sales, Ulbricht was sentenced to life in prison.


http://www.dailydot.com/layer8/us-marshals-bitcoin-auction/

For a business to remain relevant, it must keep up with the latest technology and tools. As we enter the so-called era of ‘fintech’ (financial technology), the finances of your businesses must be reviewed as well. A hot topic in finance is Bitcoin, the digital currency that was invented by an anonymous person(s) called Satoshi Nakamoto. It has its ups and downs but one thing that is clear is that Bitcoin’s community and users are growing worldwide. Is there anything about Bitcoin that businesses can make use of? The answer here is a solid yes in so many ways.


http://www.huffingtonpost.com/zak-mustapha/how-to-make-use-of-bitcoi_b_11373410.html