A yearlong trip around the world — using only bitcoin

By Tania Karas

TEL AVIV, Israel — Felix Weis has gotten used to blank stares anytime he tries to pay for something. Since January, the 28-year-old freelance computer programmer from Luxembourg has been on a trip around the world using only bitcoin.

Most store clerks, bartenders and tour operators he’s encountered have never heard of the virtual currency. But that is what Weis intended. He is targeting ordinary people rather than tech geeks who already understand it.

Bitcoin's forked: chief scientist launches alternative proposal for the currency

By Alex Hern

Cryptocurrency bitcoin is facing civil war, with two high-profile developers announcing plans to split the code that underpins the network.

Known as a “fork”, the new version of bitcoin (dubbed Bitcoin XT) would support more transactions per hour, at the cost of increasing the amount of memory required to hold a full database of all the bitcoin transactions throughout history, known as the blockchain.

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BTCJam vs Loanbase vs BitLendingClub vs Bitbond

I came across this finance lending platform. Not in USD nor any other fiat, it doesn't look like a pawn shop either. It is actually more like a unsecured loan with no upfront collateral via an institution body. Everything base on credit score rating similar to Moody, S&P, Fitch or RAM. All transacted volume is in bitcoin. It's cool and it allows you to become either a lender or a borrower. They have a lucrative promotion going on currently. Join me and see beyond the future!

Bitcoin’s Dark Side Could Get Darker

By Tom Simonite

Investors see riches in a cryptography-enabled technology called smart contracts–but it could also offer much to criminals.

Some of the earliest adopters of the digital currency Bitcoin were criminals, who have found it invaluable in online marketplaces for contraband and as payment extorted through lucrative “ransomware” that holds personal data hostage. A new Bitcoin-inspired technology that some investors believe will be much more useful and powerful may be set to unlock a new wave of criminal innovation.

Bitcoin can't be owned, says Japanese court, as Karpeles sweats in cell

BY Alexander J Martin

Losses from Mt Gox incident can't be claimed back, Tokyo beak tells miffed plaintiff

A man seeking repayment for Bitcoin lost in the Mt Gox incident has seen his lawsuit dismissed in a Tokyo District Court, with the judge ruling that the gumblecash is "not subject to ownership" claims.

A resident of Kyoto, the plaintiff has stated that he had 458 Bitcoin, contentiously valued at about ¥31m (£160,000), which were stored with the exchange and subsequently lost, reported the Japan Times.

Bitcoin startups lure quant whizzes from Wall Street

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London. Previously with the bank's mergers and acquisitions team, he became an executive director of credit quantitative modeling at Goldman, where quants like Schlaefer are highly valued.

Senate committee says bitcoin should be treated as a regular currency

BY Paul Smith and Jessica Sier

A Senate inquiry has found bitcoin and other cryptocurrencies should be recognised as a regular currency for Goods and Services Tax purposes, overturning an earlier Australian Taxation Office ruling that classifies it as an "intangible asset," and providing incentive for start-up bitcoin operators to stay in the country.

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