Tuesday, May 22Your Daily Bitcoin & Altcoin News Portal
Australia’s Prime Minister Ordered Blockchain Research Push, Gov’t Agency Says

Australia’s Prime Minister Ordered Blockchain Research Push, Gov’t Agency Says

BITCOIN
Please share if you find this article interesting. Australia’s Prime Minister Ordered Blockchain Research Push, Gov’t Agency Says Australia’s $530,000 blockchain research push this year came as a result of a specific request by Prime Minister Malcolm Turnbull, reports reveal Tuesday, May 22. According to local news outlet ITNews, which quotes government officials, Turnbull had explicitly asked the country’s Digital Transformation Agency (DTA) – a body tasked with bringing government services into the digital age – to study blockchain. “The Prime Minister in fact wrote to our minister [assistant minister for digital transformation Michael Keenan] and asked us to have a look at blockchain, which evolved into this particular piece of work,” DTA chief digital officer Peter Alexander
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Moon Missions and Custom Wallets: Bitcoin Community Celebrates Pizza Day – Bitcoin News

Moon Missions and Custom Wallets: Bitcoin Community Celebrates Pizza Day – Bitcoin News

BITCOIN
Please share if you find this article interesting. Moon Missions and Custom Wallets: Bitcoin Community Celebrates Pizza Day - Bitcoin News News On May 22, the bitcoin community celebrated the second most important date in its calendar. No other date, save for January 3, 2009 when Satoshi mined the genesis block, is more symbolic. It was on May 22, 2010 that Laszlo Hanyecz purchased two pizzas for 10,000 BTC. Eight years on, the occasion has become part of bitcoin’s mythology. Also read: Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition Remembering the $83 Million Pizza On May 18 2009, Laszlo posted a thread on the Bitcointalk forum entitled “Pizza for bitcoins?” In it, he explained: “I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large
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Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

BITCOIN
Please share if you find this article interesting. Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain Several major global banks have successfully completed a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, according to a press release May 22. The pilot, conducted in the Bank of Thailand’s (BOT) regulatory sandbox, was executed by Japan’s Mitsubishi Group, their banking unit MUFG Bank, and the Standard Chartered Singapore bank. The test involved sending money in a period of seconds from a Thailand-based Mitsubishi Group subsidiary to the Standard Chartered account of a Singapore-based Mitsubishi Group Subsidiary, using Kungsri’s Interledger tech. Thakorn Piyapan, head of the Krungsri Consumer Gr
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Bitcoin Pizza Day 2018: Community Celebrates a Takeout Order Now Worth $82 mln

Bitcoin Pizza Day 2018: Community Celebrates a Takeout Order Now Worth $82 mln

BITCOIN
Please share if you find this article interesting. Bitcoin Pizza Day 2018: Community Celebrates a Takeout Order Now Worth $82 mln Bitcoin (BTC) users around the world are celebrating the eighth so-called “Bitcoin Pizza Day” today, May 22. With BTC prices circling $8,200, the price of one of the legendary pizzas purchased on this day in 2010 is now worth $41.4 mln. Traditionally accompanied by various social media events, giveaways from cryptocurrency businesses and a considerable amount of pizza-eating, Bitcoin Pizza Day remembers May 22, 2010 – the first time a Bitcoin user purchased pizza with the cryptocurrency. On that date, Bitcoin traded at around $0.004, making the two pizzas Laszlo Hanyecz ordered from Papa John’s for 10,000 BTC cost $41. A ceremonial occurrence in Bitcoi
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How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4 – Bitcoin News

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4 – Bitcoin News

BITCOIN
Please share if you find this article interesting. How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4 - Bitcoin News News 1 min ago | By OP-ED - | 415 The following opinion piece on Bitcoin Cash was written by Jonald Fyookball We’ve already discussed 3 reasons why the bitcoin project was subverted: lack of education, lack of clarity, and centralized development. Today I will proffer two more: censorship and propaganda were allowed to run rampant; miners didn’t understand their power and responsibility. Last Friday, Coingeek.com held a fantastic conference in Hong Kong on the topic of blockchain commerce. The conference concluded with a panel discussion featuring 3 of the most well-known thought leaders in the Bitcoin Cash community: Roger Ver, D
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Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips

Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips

BITCOIN
Please share if you find this article interesting. Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips The global chief economist of a major investment firm has criticized cryptocurrencies in an op-ed on investment fund news site ETF.com published yesterday, May 21. Joe Davis, the global chief economist and global head of Vanguard Investment Strategy Group, stated that while blockchain technology shows promise, the rise of cryptocurrencies can be compared to the Netherlands’ 17th century “tulip mania,” a classic example of a bubble market. Davis, whose firm manages a reported $5.1 trillion in assets globally as of this January, began the piece by remarking on his enthusiasm for blockchain technology – which he notes Vanguard uses – but adds that: “As for
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He Paid How Much? CoinDesk Releases ‘Bitcoin Pizza Day’ Price Tracker

He Paid How Much? CoinDesk Releases ‘Bitcoin Pizza Day’ Price Tracker

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. He Paid How Much? CoinDesk Releases 'Bitcoin Pizza Day' Price Tracker Eight years ago today, the first reported exchange of bitcoin for a consumer product - a pair of Papa John's pizzas - took place. At a total cost of 10,000 bitcoins, it was a milestone for the adoption of cryptocurrency and one that has since been commemorated though the celebration of May 22 as "Bitcoin Pizza Day." Yet even the most cursory observation of Bitcoin Pizza Day isn't complete without a calculation of precisely how much, in dollar terms, those two pizzas cost. With that, CoinDesk is today releasing a new widget that provides a real-time calculation that you can add to any website. As of press time, that's about $83.7 million for the two pies, or j...
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Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One – Bitcoin News

Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One – Bitcoin News

BITCOIN
Please share if you find this article interesting. Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One - Bitcoin News Economy & Regulation A new crypto teller machine is now operational in South Africa’s largest city, Johannesburg. The ATM, which supports several digital coins, has been installed at a supermarket in the north-western part of the city’s metro area. It is the latest addition to a growing number of terminals offering automated crypto-fiat exchange services in the country and across the continent. Not all is rosy in the region, however. A crypto ban in neighboring Zimbabwe may deprive Harare of its bitcoin ATM. Nevertheless, crypto teller services are spreading in Africa.    Also read: Coinsource Installs 20 Bitcoin ATM Machines Around Washing
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Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics – Bitcoin News

Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics – Bitcoin News

BITCOIN
Please share if you find this article interesting. Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics - Bitcoin News The Daily Before all the Lambo memes, shady no-product ICOs, and get-rich-quick schemes invaded the scene, Bitcoin was meant to disrupt the current economic system. Today’s edition of Bitcoin in Brief showcases how that promise is starting to materialize in different fields, including the future of elections and geopolitics. Also Read: Bitcoin in Brief Monday: New EU Rules Kill Another Crypto Venture Iran and Russia Consider Bitcoin to Skirt Sanctions Iranian and Russian lawmakers are jointly examining the idea of using cryptocurrency to bypass international and American sanctions. Mohammad-Reza Pourebrahimi, who chairs the Iranian Pa
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From the Internet to Crypto – How the World’s Richest Have Sized Things Up

From the Internet to Crypto – How the World’s Richest Have Sized Things Up

BITCOIN
Please share if you find this article interesting. From the Internet to Crypto - How the World’s Richest Have Sized Things Up Throughout history, the thoughts and perceptions of the masses have been shaped by leaders of politics, industry and entertainment. The greatest minds of our time have often predicted and touted some of the most prolific innovations. Lended the support of these voices, these very innovations have shaped the way the world works. Internet A prime example would be the Internet. The technology revolutionized communication in the 1990s and led to a surge in investments in Internet-based companies. What followed is now known as the dotcom bubble - a rapid rise in equity born out of speculative investing in these dotcom companies eventually led to a stock market