Inshorts

Jon Matonis enters the executive board of nChain. Matonis is known as the founding director of Bitcoin Foundation and the creator of Bitcoin Price Index, the first and leading general price index for Bitcoin. Announced Tuesday, Jon Matonis joined nChain’s team as Vice President of Corporate Strategy. According to the press release of the company, new member will support Nchain’s business growth by developing commercial relationships and evaluating opportunities for strategic investments and acquisitions.

Former US congressman joins the Creditbit cheerleading squad. Steve Stockman, former member of the United States Congress, is now among the supporters of the Creditbit, project that takes aim at developing the cryptocurrency ecosystem, based on the CRB token, that is built on the top of Ethereum Blockchain. Recall, that Steve Stockman was also the first member of the US Congress to accept Bitcoin contributions.

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The world’s largest defense contractor adopts blockchain. According to the press-release, that has recently appeared on the official website of Lockheed Martin, company is the first US defense contractor to incorporate blockchain technology into its development processes, promising increased efficiency in its operations with the US federal government. The defense contractor has partnered with Guardtime, a Virginia-based collective of cryptographers, developers and security researchers that claims to be the “world’s largest blockchain company by revenue, headcount and actual customer deployments.”

Mining manufacturer had been exposed by the cryptocurrency publication the Merkle. Foxminers, California-based company that supposedly builds and sells mining devices, claims to provide a miner with proprietary chips they created that can mine both Bitcoin’s algorithm as well as litecoin’s scrypt. After the investigation made by the Merkle, Foxminers were accused of being a scum in the few articles published by the news outlet.

Hacker group The Dark Overlord has leaked the first ten episodes of the new season of Netflix’s Orange Is the New Black. They made it following Netflix’s alleged ‘unresponsiveness’ to the ransom request. The hacker had put forth a demand of 50 Bitcoin from Netflix to prevent the leak. The group has now threatened to make other shows available for torrent. They claim to have hundreds of gigabytes of unreleased and non-public media from networks including FOX, IFC, NAT GEO and ABC.

Norway’s central bank is researching the issuance of a digital currency. Norges Bank’s deputy governor Jon Nicolaisen said that private digital currencies providing anonymity are already on the market. These currencies can also be used even if banks’ systems fail – as long as the Internet is still functioning. This led Norges Bank to consider new options, such as the issuance of a digital currency through which consumers could hold an account at the central bank. Another proposal is the introduction of an app that would enable anonymous, cash-like payments.

Disclaimer. This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. 

The Rectification Guidelines for Chinese bitcoin exchanges text leaked. The document confirms that the suspension of bitcoin withdrawal is direct order from the authority. This guideline applies to all bitcoin trading platforms that are found across the country. The purpose is to crack down and abolish illegal financial operations on bitcoin exchanges, to maintain the order of bitcoin market, to prevent financial risks and to protect investors’ interests.

Dash continues to integrate itself as a currency for everyday payments. Gift card operator BitCart, payments gateway CryptoWoo and Venezuelan exchange Cryptobuyer have all added the altcoin to their books. BitCart will offer gift certificates for Amazon with a 20 percent discount for paying with Dash. The altcoin will also become the fourth currency merchants can accept using CryptoWoo’s plugin, alongside Bitcoin, Litecoin and Dogecoin.