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4/28/14 – Silk Road's Slomp, Amsterdam ATM, Ohio BTC booze ban, bitcoin on Yelp


Start off your week with immediately’s prime information tales in Money & Tech:

Prolific Silk Road vendor Cornelis Jan Slomp, or “SuperTrips” as he is identified to his prospects, plead responsible to federal expenses of conspiracy to import and distribute numerous managed substances, together with 104 kilograms of MDMA, and substantial portions of cocaine, LSD, marijuana, methamphetamine, ketamine, and Xanax. Slomp had allegedly been importing envelopes containing these substances by the Chicago O’Hare International Airport, the place an undercover investigation caught up with him. Slomp will likely be tried within the Federal Court in Chicago, the place he faces a compulsory minimal of 5yrs and a most of 40yrs in jail with a $5 million tremendous.

Already changing into a bitcoin-friendly metropolis, Amsterdam now has a bitcoin ATM. The new BTC-O-MATIC machine has been put in at espresso store Courtyard of Wise, close to the Amsterdam Central station, and will likely be working this Wednesday throughout the Dutch Ethereum & Bitcoin Meetup. The machine has additionally arrived in time for the Bitcoin Conference 2014 developing in May.

BitcoinWebHosting.internet has partnered with Sucuri Security to supply web site safety and malware elimination for bitcoin. Now Bitcoin Web Hosting prospects can opt-in to Sucuri’s web site safety suite, which incorporates safety from DDoS assaults, out-of-date software program, malware distribution and web site blacklisting. As Sucuri COO Tony Perez places it, “It’s our mission to protect every website on the Internet, and [this] is a step in that direction.”

In response to the native Bitcoin Boulevard challenge in Cleveland’s Cedar & Lee district, Ohio has successfully banned using bitcoin for alcohol gross sales. The state’s Liquor Control Law signifies that fee for alcohol in Ohio with something aside from US foreign money is prohibited, which incorporates bitcoin, because it has not been acknowledged as a foreign money. Maryland and Nevada have additionally each issued new advisory warnings on bitcoin, equally encouraging shoppers to ‘do their homework’ and familiarise themselves with the dangers of digital currencies.

In the wake of China’s renewed vow to chop bitcoin funding, main bitcoin trade BTC China has lastly been pressured to stop buyer deposits with the China Merchants Bank. However, CEO Bobby Lee doesn’t count on this closure may have a considerable impression on their enterprise, provided that BTC China prospects can nonetheless use accounts with different monetary establishments, together with the Bank of China.

Despite the rising uncertainty, China will host its first Bitcoin convention, The Global Bitcoin Summit 2014, which will likely be held on the China National Convention Center in Beijing on May 10th to 11th. The occasion hopes to draw prime notch specialists, economists, traders, attorneys, and even authorities businesses, to assist make clear future bitcoin developments in China and overseas and assist attendees construct a bridge for higher communications and continued development.

Bitcoin incubator Boost VC hosted a bitcoin hackathon this previous weekend. First place was awarded to bitcoin startup Coinviz, which boasts the flexibility to simply visualize block chain transactions and knowledge. Second place went to bitcoin derivatives platform Coindash, which helps bitcoin traders hedge their investments for diminished volatility threat. And third place went to betting platform Bitbook.ie.

Yelp seems to have added a brand new class permitting enterprise house owners to specify whether or not or not they settle for bitcoin, underneath the ‘More enterprise information’ part on its Yelp web page. For bitcoin fanatics desirous to transact within the cryptocurrency wherever potential, this added characteristic makes discovering native companies a lot simpler.

Watch this information episode on the Money & Tech web site at http://moneyandtech.com/apr28-news-update/

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