World Cup Bitcoin Boost, Bittrex Strikes Again, Humanitarian Side of Bitcoin, Litecoin Founder LTC Health Report: Thursday, May 31st News Bytes

Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Bitcoin Price Could Be In For A Boost As World Cup Fans Descend On Russia
Hotels in the Russia city of Kaliningrad — which will be playing host to some of the World Cup’s games — are accepting Bitcoin as payment. Forbes reports some airlines and travel agents, as well as bars will also be taking the cryptocurrency.

Bittrex Strikes Agreement With Bank To Offer USD Deposits and Trading Pairs
BlockExplorer’s own Tony Spilotro reports “The Seattle-based cryptocurrency exchange Bittrex has revealed that the firm has struck an agreement with a United States bank to allow some of its customers to trade cryptocurrencies in USD, along with making USD deposits to the exchange’s wallets.”

The Humanitarian Side of Bitcoin
International Policy Digest has a thoughtful piece on how Bitcoin can help a socioeconomic crisis such as the one in Venezuela, a country actually going out of their way to ban Bitcoin. “Bitcoin, Blockchain and the whole host of other cryptocurrencies and related media have a real shot at not simply being the ‘next big thing’ as their acolytes incessantly seem to preach. They actually can help change lives for the better through circumventing oppressive state bureaucracies and structures in inspired acts of cryptocurrency-based agorism.”

Litecoin Founder Charlie Lee: LTC Network Extremely Secure, Mining Healthy
CryptoSlate says “Litecoin founder Charlie Lee has taken to Twitter to address community concerns regarding the Litecoin network sparked by a cryptocurrency security site that tracks the cost of launching a 51% attack against proof of work cryptocurrencies.”

Image courtesy of Carty Sewill, http://cartyisme.com/

Carlie Fairchild

Carlie Fairchild is the Publisher of Linux Journal. She’s been actively engaged in the Linux community for two decades and is responsible for setting the magazine’s overall direction. Carlie leads a motley team of geeks and journalists to ensure that Linux Journal stays true to its founding ideologies of personal freedom and open-source technical innovation.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.