News Summary:September 21st
Bitcoin Paypal and Bitcoin!
A compelling read by Nuno, Paypal has finally delivered on its word after what seems now like weeks of teasing acceptance of Bitcoin. Finally Paypal has signed a partnership with popular Bitcoin processors such as BitPay, Coinbase and Gocoin. It first started with people using Braintree able to accept Bitcoin, now it’s people using Paypal’s Payment Hub for digital goods which in turn may mean you could purchase your favorite steam games straight through Steam. If you would like to know more, please visit the full article here.
US Shuts down Butterfly Labs!
Considered by many a scam, The US government has finally heard many miners pleas and decided to shut down Butterfly labs. the FTC documents state that the companies assets were frozen. and they BFL has violated Section 5(a) of the FTC act in that BFL was engaging in “unfair or deceptive business practices in or affecting commerce”. While BFL was not able to comment at this time, the full article is still packed with information.
Hyperstake: 750% annual POS!
With most coins having POS rates less than what many financial institutions offer for interest, it really came to a shock when I discovered hyperstake, with a POS rate of 750% annually. Not really meant to be a currency for everyday used, Hyperstake originally came to existence as a economic experiment. If you would like to know more, please the read the full article that goes over an interview I had with presstab, the main developer behind Hyperstake.
Digital Currency Council now offering Bitcoin Certification!
A story wrote by Nuno, the Digital Currency Council saw a need for licensing and certifications of knowledge in BItcoin, as more and more professionals are finally being exposed to Bitcoin. They offer a member which has the following: skills and competency training curriculum; globally recognized standards-based certification process; practice support program that facilitates client relationships; and marketing support service that drives new business for our members. IF you would like to kmow more, visit the full article.