paypal

BitChute, a P2P video hosting platform often introduced as the blockchain YouTube alternative, appears to have run afoul of PayPal.

According to a statement posted on the company’s Patreon platform on November 14th, 2018, BitChute no longer has access to send or receive funds from its PayPal account. BitChute had used this PayPal account to accept subscription payments and send payments out.

As for why the Youtube alternative is now without a PayPal account? BitChute’s founder Ray Vahey postulated in his announcement of the account removal:

“It’s our belief that it is our stand against the current trend in censorship that has resulted in this action.”

Vahey has been vocal about BitChute’s fierce commitment to freedom of expression and speech. However, this positioning has also made the platform a hub for alt-right vloggers, white supremacists, and conspiracy theorists that have previously had content banned or demonetized on YouTube.

As of early this morning, PayPal’s only contact regarding BitChute’s account was to explain:

“The User Agreement for PayPal Service states that PayPal, at its sole discretion, reserves the right to limit an account for any violation of the User Agreement, including the Acceptable Use Policy.”

BitChute is trying to appeal the decision but hasn’t had any luck yet.

The Legacy of “Operation Chokepoint”

Several years ago, it became known that the US Department of Justice was pressuring banks and payment processors including PayPal to cut relationships with certain types of companies in grey industries. The entire movement was dubbed “Operation Chokepoint.”

Back then, target industries included payday lenders, pornography, firearms, and tangential cryptocurrency services. It seems the same vector is still used to apply pressure on fringe companies. Though it’s been shown that Operation Chokepoint did little to stymie criminal activity in target industries, rather only damaging legitimate players and the reputation of specific industries as a whole… which may have been the whole point all along.

The news comes just a week after Anthony Pompliano’s popular cryptocurrency podcast was reportedly removed from iTunes by Apple without justification.

blockchainwire

Blockchain Wire is a new press release distribution service specializing in blockchain, cryptocurrency, distributed ledger, initial coin offering (ICO), and security token offering (STO) news.

Its founders are Michael Terpin, Michael Shuler, and Enzo Villani. The service was announced today at the Las Vegas Mandalay Bay during the 2018 CoinAgenda Global Conference.

Two of Blockchain Wire’s founders, Terpin and Shuler, were previously founders of MarketWire. Villani was the founder of GlobeNewsWire. Both Villani and Terpin are part of Transform Group – a company founded by Terpin that has helped over 100 blockchain and cryptocurrency related projects with public relations.

The new wire service hopes to differentiate itself by being the only one to offer flat-rate pricing.

New Blockchain Wire Service Signals Maturation of the Blockchain Industry

It really shows how far the entire industry has come that there is a dedicated Blockchain Wire. It will be interesting to see which types of companies choose to go with general wires and which choose to distribute to the Blockchain Wire only.

At this stage in the industry, there are realistically businesses that only want to market to existing cryptocurrency holders or blockchain business owners. Blockchain Wire co-founder and President Michael Shuler commented in an October 23rd press release:

“Current newswire services are broad in their scope and not entirely focused on blockchain and crypto-related news. Our leadership position in the blockchain space allows us to serve companies in this vertical with unmatched access to relevant media outlets, influencers and trade publications around the globe.”

ABOUT BLOCKCHAIN WIRE

Blockchain Wire (www.blockchainwire.io) is the first press release distribution service focused exclusively on blockchain, cryptocurrency, distributed ledger, and ICO/STO news. Blockchain Wire’s global reach includes broadcast and online media outlets, social media sites, industry trade publications, leading blogs, and influencers. Offering the lowest pricing in the industry, Blockchain Wire is the only major press release wire service with flat-rate pricing. To sign up, please visit https://admin.blockchainwire.io/signup/client.

Check out our conference coverage on BlockExplorer News and view upcoming cryptocurrency conferences on our conference schedule.

andreas-antonopoulos Mastering Ethereum

Andreas Antonopoulos has announced that Mastering Ethereum, a technical guide for those interested in using Ethereum, has completed copy edits and will ship at the end of this year.

The book is the cumulative effort of Andreas Antonopolous, Gavin Wood, as well as dozens of contributors and two Github editors that helped manage the open source process.

Antonopoulos is best known for his breakthrough 2014 book Mastering Bitcoin which remains one of the most important resources on the subject.

Those that pre-ordered Mastering Ethereum over a year ago will start receiving their shipments in late November or early December. New orders will start shipping on December 10th.

Why was this book made and why is its imminent release big news? It’s best to hear those words from Antonopoulos himself. Here’s his video detailing why he’s writing the book.

Mastering Ethereum has Completed Copy Edits, Ships December 10th

For those that can’t afford a print copy of Mastering Ethereum, even with a discount from Purse.io, the book is currently available in its entirety for reading on Github under ethereumbook/ethereumbook.

Though Mastering Ethereum is currently released under a CC-BY-NC-ND license, once it’s released, the book will eventually change to an even less restrictive license. Antonopoulos stated in a post announcing the completion of copy-editing to the Ethereum subreddit:

“Within the first year from publication we will open the license to CC-BY-SA allowing derivatives (most importantly: open translations) and commercial re-use with open licenses.”

Once the Ethereum book is out, expect it to become as widely translated as his breakthrough Mastering Bitcoin book – or perhaps more considering that Ethereum is currently the fastest growing cryptocurrency project on Github.

Mastering Bitcoin translations are currently available in seven different languages and partial translations are available in three others.

mastering ethereum cover

Just as a completely unfounded speculative note: bitcoin was trading at around $641 when Mastering Bitcoin was released on July 1st, 2014. What the release of Mastering Ethereum ends up doing to the ether price is as much of a question as what the hash of a future block is – we just won’t know until it happens.

There’s no question, though, that the book’s release will be a boon for Ethereum development and the entire cryptocurrency ecosystem. Antonopoulos also told the Ethereum subreddit:

“Overall, I’m very happy with the result and I hope it serves to help thousands of developers get started and learn how to “Master” Ethereum.”

Image from Mastering Ethereum used under CC-BY-NC-ND license.

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The Request Network Foundation has sent out an official notice to their community titled “Clarification on Wikimedia France.” In that message, the Request Network Foundation clarified that they had been notified that they had lost their Wikimedia France partnership due to a misrepresentation of said partnership. Namely, the Request Network Foundation made the claim that they had a partnership with Wikimedia France’s parent company, Wikimedia in general, which was not the case.

/u/rmaz clarified to Request community members:

Unfortunately we have learned that our announced partnership with Wikimedia France has come to an end. After a conversation between the French team and us, they have let us know that they want to pull out of the partnership due to “the way we initially (mis)communicated on the partnership publicly”.

Wikimedia France vows to stay away from cryptocurrency projects

While the Request Network Foundation did eventually remove the erroneous announcement, and post their public apology to their community and to Wikimedia France today, the damage is done. The Request Network Foundation did emphasize that they acquiesced to Wikimedia promptly when notified that they had misrepresented themselves. On the Wikimedia France mailing list, the Wikimedia France administration counsel secretary, clarified with the word “delusive” on 5/28/18:

Since Request Network were so slow and reluctant to change their delusive communication into a fair and clean information, Wikimédia France broke the agreement with them. Thus, this partnership is over.

In a blow that reverberates throughout the cryptocurrency space, not just for the Request Network, A Post Scriptum was added to the post:

Post-scriptum:* no other cryptocurrency donations project is planned.

What do you think about the Network Request Foundation’s blunder? Let us know in the comments below!

coinsquare fomo billboard

A new billboard in Toronto, Canada reads: “FOMO is a MOFO.” Without delving into the potential emotional traumas of trading cryptocurrencies on cryptocurrency exchanges, this statement is fitting given the recent day’s cryptocurrency trading performance. FOMO stands for Fear Of Missing Out while MOFO stands for (children cover your ears) motherfucker. The billboard was spotted by Redditors after going live.

Without delving into the potential emotional traumas of trading cryptocurrencies on cryptocurrency exchanges, this statement is fitting given the recent day’s cryptocurrency trading performance.

Another set of TV ads, which aired during the NHL playoffs highlight the sketchy nature of buying cryptocurrency from not-an-exchange. One such “crypto dealer” says simply, with a giant grin on his face:

“What color do you want your lambo?”

With ads like this, can we say that cryptocurrency has gone mainstream and everyone has FOMO?

In the past, BitPay has sponsored an American college bowl – renaming it the Bitcoin Bowl. While such bold attempts to promote Bitcoin don’t quite happen the same way anymore – it’s hard to say that the extraordinary effort back then, while not necessarily appreciated then, didn’t lead to a world where it’s frankly not that weird that a cryptocurrency exchange has taken out a prime time TV commercial. Whether more than half the people seeing the commercial can describe what digital currency is – or express actionable interest in trading it with a professional exchange as opposed to fictional lambo promisers – remains to be seen.

From within the bubble – It sure looks like cryptocurrency is mainstream now, doesn’t it! Welcome to the future.

What do you think about Coinsquare’s latest “Do digital currency right” campaign? Let us know in the comments below.

Featured image from frogyprod.