Newsletter #62
31 January - 6 February 2015
Hi guys, the big news this week is the conviction of Ross Ulbricht for being the mastermind behind Silk Road. Also NYDFS announced the revised version of BitLicense and New York Observer published a 15,000 word report on the history of Stellar with a lot of juicy details. Highly recommended weekend read!
Bobby
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Latest News
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Silk Road Mastermind Ross Ulbricht Convicted of All 7 Charges
A jury has spoken, and the mask is off: Ross Ulbricht has been convicted of being the Dread Pirate Roberts, secret mastermind of the Silk Road online narcotics empire.
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Colu raises $2.5M to use the blockchain for something other than Bitcoin
Colu is an Israel-based startup aimed at digitizing the ownership of all your things through the blockchain and it’s announcing $2.5 million in new funding today.
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Uber, Hotwire Execs Invest $2.25 Million in ChangeTip Competitor NeuCoin
Micropayments startup NeuCoin has raised $2.25m in angel funding from investors including King co-founder Patrik Stymne and Uber SVP Emil Michael.
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Ziftr Raises Over $850k in E-Commerce Altcoin Sale
Online shopping startup Ziftr has officially closed the pre-sale of its own altcoin, raising over $850,000 in under two months.
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Market
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Bitcoin in Hong Kong
This article explores the Bitcoin ecosystem in Hong Kong.
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If Cash Is King In Africa, Mobile Money Is Heir Apparent
This article explores the Bitcoin ecosystem in Africa and how the growing integration of telecommunications and banking in most African countries is helping mobile money to catch up to cash in terms of popularity.
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Ecosystem
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The Inside Story behind Stellar
New York Observer published a 15,000 word tell-all report on the history of Stellar and how it came about from Jed McCaleb and his history in Ripple. Very juicy but long read. Highly recommended!
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Welcome to TipKandi
This is a really cool tool that visualises the state of Bitcoin tipping across various social networks such as Reddit, Twitter, Github etc.
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BitMesh
BitMesh is developing a platform to allow people to share their internet connection with peers in exchange for bitcoin while leveraging existing devices and internet architecture.
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Lead Developers Leave Overstock's Medici Project
Overstock has confirmed Counterparty developers Robby Dermody and Evan Wagner are no longer working on its exchange project Medici.
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Nine awesome Bitcoin projects at Princeton
These are the final project presentations from the Bitcoin and cryptocurrency technologies class taught by Arvind Narayanan at Princeton.
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Legal
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Isle of Man eBusiness Chief: Bitcoin Legislation Coming This Year
CoinDesk speaks to Brian Donegan the Isle of Man’s head of digital development about how the island is pressing forward with bitcoin-friendly regulation.
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Central Bank of Italy Declares Virtual Currency Exchanges Are Not Subject to AML Requirements
A reading of the documents released by both the Central Bank of Italy and the FIU indicates that a business that transacts in virtual currencies is not subject to any regulation at this time. However, the owners of such businesses would be subject to existing AML/KYC requirements when setting up a bank account or dealing with a regulated financial institution.
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Breaking Down New York's Latest BitLicense Revision
The New York State Department of Financial Services (NYDFS) released the latest version of of its BitLicense proposal today, an event that sets off another 30-day comment period before the much-anticipated regulation can be finalized.
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New EU Legislation on VAT Could Be Bad News for Bitcoin
EU rules that require merchants to record the country of residence of their customers could be bad news for pseudonymous payments systems like bitcoin.
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