‘No Coffee for Bitcoin,’ Starbucks Clarifies as Media Misrepresent Its New Crypto Venture

(August 5th, 2018) - Starbucks has clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, despite misleading reports from mainstream media, a spokesperson told Motherboard Friday, July 3.

Source: Coin Telegraph

Appreciation for Bitcoin Cash by Co-Owner of Bitcoin.org Does Not Go Unpunished

(July 29th, 2018) - Bitcoincore.org, a communication gateway for the ongoing open source development of the Bitcoin Core client software, has removed a link to Bitcoin.org from its list of recommended resources. The link was deleted so it doesn’t seem as if there’s “only one resource that educates about bitcoin”, according to Wladimir J. van der Laan, the lead maintainer of the Bitcoin repository on Github.

Source: CryptoGlobe 

Mt. Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019

(August 4th, 2018) - Mt. Gox, the defunct and disgraced bitcoin exchange (at one time the biggest in the world) is preparing a final chapter in a long, sorted ordeal. Creditors have coalesced around a repayment scheme to make victims whole. It includes what might amount to $1.3 billion in returned bitcoin cash (BCH) and bitcoin core (BTC) as early as summer of 2019.

Source: News.Bitcoin.com

Japan Labor Ministry Confused as Crypto Salaries Demand Increased

(August 3rd, 2018) - Japan’s Labor Ministry is not hiding its confusion as the Tokyo Metropolitan Government and venture companies requested a deregulation of the Labor Standard Act. Japan has respected the “salaries in cash” principle for 70 years under the Labor Standard Act, however with the proliferation of digital money and salaries paid in cryptocurrencies, withdrawing money from a bank could increasingly be unnecessary, Nikkei reported.

Source: News.Bitcoin.com

Coinbase Finalizes Plans To List Ethereum Classic (ETC)

(August 3rd, 2018) - While the cryptocurrency market has been in a tumultuous state over the past 72 hours, Coinbase has pushed forward with its development, recently noting that Ethereum Classic is almost ready for addition to the platform’s exclusive roster of cryptocurrencies.

Source: EthereumWorldNews

The NYSE's Owner Wants to Bring Bitcoin to Your 401(k). Are Crypto Credit Cards Next?

(August 3rd, 2018) - Backed by Microsoft and Starbucks, Intercontinental Exchange is launching a startup called Bakkt to make the cryptocurrency safe for your retirement fund, and maybe for retail, too.

Source: Fortune

OKEx Confirms ‘Clawback’ On Huge $416m Bitcoin Position, Introducing New Measures

(August 3rd, 2018) - A massive bitcoin long position on OKEx, one of the world’s largest cryptocurrency exchanges, that left futures traders vulnerable has prompted the exchange to launch new measures to combat similar situations in the future.

Source: CryptoGlobe

Bitcoin [BTC]’s merchant use has dropped by 85%, says Chainalysis study

(August 2nd, 2018) - A recent survey conducted by Chainalysis Inc. shows that Bitcoin [BTC]’s use by merchants and in commercial use case scenarios is falling. The survey, which was commissioned by Bloomberg, shows that merchant usage peaked at $411 million in September of last year, with lows of about $60 million seen in May. This represents an 85% decrease in the usage of Bitcoin as a ‘currency’.

Source: AMBCrypto

Coinbase Adds Support for GBP Deposits and Withdrawals

(August, 2nd, 2018) - In a move that will make crypto purchases for UK customers far smoother, popular cryptocurrency exchange Coinbase announced today it has added support for pound sterling (GBP) deposits and withdrawals.

Source: CryptoGlobe

John McAfee-Backed BitFi Hardware Wallet Is Not A “High-Integrity” Device, Says Security Expert

(August 2nd, 2018) - The John McAfee-backed BitFi hardware wallet has been heavily promoted as “unhackable” due to its “fortress-like security” by the device’s developers and the eccentric crypto enthusiast.

Source: CryptoGlobe

Get Cryptide in your inbox!
When you subscribe to the Cryptide newsletter, you’ll always be armed with the best information about the crypto world.
You’re now subscribed!