CRYPTOCURRENCY EVENT: CONSENSUS 2015 TO BE HELD ON 10 SEPTEMBER 2015 IN NEW YORK

Consensus 2015 to be held on 10 September 2015 in New York from 08:30 to 18:00 (EDT) at the TimesCenter, 242 West 41st Street, New York, NY 10036. Digital currencies and blockchain technology will be across multiple and diverse sectors where the experts will debate and discuss at the event.

The discussion will be around real-world problems and the solutions that cutting-edge digital currencies and blockchain tech might offer. PayPal, Wells Fargo, the US Department of Justice and leading technologists and investors were among the buyers of the first batch of tickets.

Leading Speakers at the Event: Wences Casares, Kathryn Haun, Jerry Brito, Kosta Peric and many others.
Wences Casares started Bitcoin wallet and storage Xapo and known for his unconditional support for the digital currency.

Kathryn Haun, US Department of Justice is going to be the lead speaker. Given her experience as an Assistant US Attorney and Digital Currency Crimes Coordinator, Northern District of California, she comes with a lot of insight.

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LEADING WALL STREET COMPANIES INVESTED $30 MILLION IN BITCOIN STARTUP

Leading Wall Street companies such as i LEADING WALL STREET COMPANIES INVESTED $30 MILLION IN BITCOIN STARTUP ncluding Visa, Nasdaq etc invested $30 million in Bitcoin startup from San Francisco. This startup (Chain Inc.) helps developers to create Bitcoin application by rapid access to the blockchain to trade and transfer financial assets within speedy and relatively cheaper mechanism to record and store transactions. Besides, Wall Street companies are experimenting in non-financial assets such as smart contracts, public record keeping, etc.

Chain Inc. is not the only companies that are working on integrating Bitcoin technology into finance sectors. For example, ex-JP Morgan exec Blythe Masters had also agreed to head a Bitcoin startup.

“We believe in the power of block chain technology to transform how financial assets are transferred, but it has to be done with the right partners to insure it gets off the ground,” Adam Ludwin, CEO of Chain, told in an interview.

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BITCOIN EXCHANGES AND MONEY LAUNDERING - FBI

The latest action was made against Anthony R. Murgio and Yuri Lebedev of West Palm Beach Florida. The duo has been arrested for running an unlicensed Bitcoin exchange.

According to the press release the FBI the two men are being charged for operating this exchange through a "phony front-company and, at times, a federal credit union that Murgio acquired for purposes of the scheme":

"Since at least late 2013, MURGIO, LEBEDEV, and their co-conspirators have knowingly operated Coin.mx, a Bitcoin exchange service, in violation of federal anti-money laundering (“AML”) laws and regulations, including those requiring money services businesses like Coin.mx to meet registration and reporting requirements set forth by the United States Treasury Department. Through Coin.mx, MURGIO, LEBEDEV, and their co-conspirators enabled their customers to exchange cash for Bitcoins, charging a fee for their service. In doing so, they knowingly exchanged cash for people whom they believed may be engaging in criminal activity. MURGIO and his co-conspirators have also knowingly exchanged cash for Bitcoins for victims of “ransomware” attacks, that is, cyberattacks in which criminals (here, distributors of the ransomware known as “Cryptowall”) electronically block access to a victim’s computer system until a sum of “ransom” money, typically in Bitcoins, is paid to them. In doing so, MURGIO, and his co-conspirators knowingly enabled the criminals responsible for those attacks to receive the proceeds of their crimes, yet, in violation of federal anti-money laundering laws, MURGIO never filed any suspicious activity reports regarding any of the transactions."

The FBI says that since at least late 2014, Murgio, Lebedev and co-conspirators have operated Coin.mx

By the way, bitcoin has often been blamed for being used for Money Laundering...

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BLOCKCHAIN COMPANY TO LIST ON LONDON AIM MARKET

Coinsilium says that it will list on London’s AIM market, which would make it the first such company to publicly list. Once the company is listed on London AIM market so the investors would be able to invest in the stocks and get exposure to the new technology. Company holds ownership in the range of 5% and 20%; however, the common theme is blockchain. Blockchain is the mechanics used to verify Bitcoin transactions and they believes that it is a revolutionary technology that can have huge implications for various industries.

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BITCOIN ATMS HAVE BEEN INSTALLED IS BRITISH COLUMBIA’S SIMON FRASER UNIVERSITY (SFU)

According to an announcement that has come from British Columbia’s Simon Fraser University (SFU), the campus bookstore would begin accepting Bitcoin payments starting 26th May. The official release informs that as part of the initiative, SFU will install Bitcoin ATMs at its three bookstore locations in Burnaby, Surrey and Vancouver.

British Columbia’s Simon Fraser University (SFU) also ensures that the units are provided by Ontario-based ATM operator BitSent. Interestingly, those who know about the Bitcoin landscape in Canada, this is the same company that boasts eight ATM locations across Canada. Thus, BitSent is quite experienced when it comes to Bitcoin ATMs.

According to SFU executive director of ancillary services Mark McLaughlin the decision was made as part of an effort to increase conversation about innovation on campus. He was quoted saying that the only way to have an opinion about digital currencies is to learn about it, and everyone is providing a firsthand experience in that regard.

The press release from the organization informs that to promote the launch, events will be held on 27th and 28th May marking ATM debuts at SFU bookstores in Burnaby and Surrey. There are several special rewards for customers. For instance, the first 100 customers who spend CA$20 or more in Bitcoin, will receive CA$5 gift cards.

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BITCOIN TIPPING SERVICE ACCEPTS VISA AND MASTERCARD CARDS

The decision from the company is expected to encourage the new users as it will help them do easy and fast recharge of their accounts. With the addition of the new payment option, ChangeTip will also get new customers.

Victoria van Eyk, the ChangeTip head of community informs that "users could previously use credit cards to make Bitcoin purchases through Coinbase, the company has added additional payment options". According to her the addition of a direct credit card purchasing option will remove added friction from the wallet top-up process. She was quoted saying that the idea is to make buying Bitcoin really easy, so the company decided to create an option where users can do it right on the website. The company according to her wants to provide the smoothest end-to-end experience. Interestingly, credit card users are restricted on how much Bitcoin they can purchase with the service.

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BITCOIN NEWS

BITCOIN REGULATIONS, NEW BITCOIN WALLET, AND MORE

Jersey to Create Bitcoin Regulations in Line with Public Opinion
The Government of Jersey has asked public to provide its opinion on whether it should regulate decentralized virtual currencies such as Bitcoin or not.

Blockchain Reveals First Look of its New Bitcoin Wallet
The announcement comes months after the company raised $30.5 million in seed funding from some of the top-tier investors, including Sir Richard Branson, Lightspeed Venture Partners, and Wicklow Capital. Prior to that, it was already popular for being an all-in-one service platform for its users, offering them all sort of technical information at one place.

Facebook To Join BitReserve
The San Francisco-based Bitcoin startup has now appointed Facebook’s lawyer Craig Clark as its Executive Vice President and General Counsel.

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BITCOIN PLATFORM BITINKA TO BE THE FIRST BITCOIN PLATFORM IN SOUTH AMERICA

BitInka, a Bitcoin platform that operates in Peru, Venezuela, Bolivia and Brazil will soon expand its services throughout Argentina, Colombia and Chile.

This company allows its users to convert or withdraw Bitcoin for many local currencies of South America, including the Peruvian Nueva Sol and the Argentinean peso. Nonetheless, through its international and instant Bitcoin exchange platform, the Bitcoin startup aims to penetrate mainstream Bitcoin adoption as well.

Pierna Caballero, the co-administrator of BitInka admits that in some countries where the company operates, people are educating themselves recently to use Bitcoin and they are realizing that is something very easy and also is a currency that people themselves control.

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