Ethereum Blockchain as a Service now on Azure

BY Marley Gray

Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure so Enterprise clients and developers can have a single click cloud based blockchain developer environment. The initial offering contains two tools that allow for rapid development of SmartContract based applications: Ether.Camp - An integrated developer environment, and BlockApps - a private, semi-private Ethereum blockchain environment, can deploy into the public Ethereum environment.

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Permissions Big Australian banks stun bitcoin companies by closing their accounts

By Paul Smith

Australia's biggest banks are threatening to hobble the hopes of emerging local bitcoin companies, by suddenly withdrawing banking services from their potential future rivals.

Banks have sent letters to founders of Australian bitcoin exchanges, including Bit Trade and Buyabitcoin, informing them their accounts will be closed, without further explanation.

It is understood at least 17 Australian bitcoin companies have received similar letters, with 13 already having their accounts closed.

Virtual Currencies Like Bitcoin Now A Commodity, US Body Rules

By Vishakha Sonawane

Virtual currencies like bitcoin are now officially commodities, the U.S. Commodity Futures Trading Commission announced Thursday. The CFTC also said that it has settled charges against a Bitcoin exchange for operating an online business associated with commodity options without registration.

Big banks consider using Bitcoin blockchain technology

BY BBC News

The basic technology underpinning the Bitcoin virtual currency could be used by some of the world's biggest banks.
Nine banks, including Barclays and Goldman Sachs, may adopt the blockchain system that logs who spends which virtual coins in an ever-expanding computer equivalent of a ledger.

The banks want to use the blockchain method because it is hard to fool - making fraud more difficult.

It could also speed up trading systems and make deals more transparent.

Atlanta's Bitpay got hacked for $1.8 million in bitcoins

BY David Allison

Atlanta's Bitpay Inc. got hacked for more than $1.8 million in bitcoins.
According to a lawsuit filed Sept. 15 in federal court in Atlanta, in December 2014, Bryan Krohn, Bitpay's chief financial officer, got an email from someone purporting to be with a digital currency publication asking Krohn to comment on a bitcoin industry document.

Nine of the World’s Biggest Banks Form Blockchain Partnership

By Jemima Kelly and Hugh Lawson

Nine of the world’s biggest banks, including Goldman Sachs and Barclays, have joined forces with New York-based financial tech firm R3 to create a framework for using blockchain technology in the markets, the firm said on Tuesday.

It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin — a controversial, Web-based “cryptocurrency” — can be used in finance.

Leaked Emails Detail Inner Workings Of Josh Garza's Scams

Posted on March 4, 2015 by cazalla

Alleged emails which detail the inner workings and day to day operations of Homero Joshua Garza's fraud outfit known as GAW Miners have been leaked. The damning emails not only confirm long held suspicions about Garza's operations but also bring to light other debacles GAW Miners finds itself involved in. The emails confirm:

Garza deliberately misled customers as to the viability of Paycoin.

Confirmation that the SEC is investigating GAW Miners, Paycoin, Paybase and other scams operated by Garza.

UBS Building Virtual Coin For Mainstream Banking

By ANNA IRRERA

Swiss bank UBS is working on a prototype virtual currency that it hopes will be used by banks and financial institutions as a basis to settle mainstream financial markets transactions.

But unlike the bitcoin digital currency, the Swiss bank’s proposed “utility settlement coin,” would be linked to real-world currencies and central bank accounts.

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