Daily Roundup – July 13, 2017

Daily Roundup – July 13, 2017

According to the Wall Street Journal, it has been confirmed that the disappearance of darknet marketplace AlphaBay was caused by action from law enforcement in the United States, Canada, and Thailand.

According to The Hindu, the idea of a complete ban on Bitcoin was discussed in a meeting of top government officials. The proposal to ban Bitcoin did not find many takers.

According to IT World Canada, a major Canadian company was forced to make a $425,000 ransomware payment last week. The company is said to not have had a choice in the matter because their backups were encrypted as well.

Digital asset exchange GDAX has published an explanation of their plans for the upcoming user-activated soft fork for Segregated Witness by way of BIP 148. According to the post, the exchange will temporarily suspend bitcoin deposits and withdrawals.

According to CoinJournal, Abra CEO Bill Barhydt believes Bitcoin is what has enabled his company to build a global, P2P PayPal. According to Barhydt, Abra is able to avoid heavy regulation by not taking custody of customer funds.

Featured image via Pixabay.

About The Author

Kyle Torpey

Kyle Torpey is a freelance writer and researcher who has been following Bitcoin since 2011. His work has been featured in VICE Motherboard, Business Insider, NASDAQ, New York Post, The Next Web, American Banker, and other media outlets. You can follow Kyle on Twitter, send him an email, sign up for his daily Bitcoin newsletter, or visit his personal website.


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