Bitcoin news roundup, 23nd October 2016

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This week’s summary of various cryptocurrency news and developments

New developments:

Bitfinex is trying to “discuss an arrangement” with the hacker that stole roughly 120.000 BTC

Bitfinex was the victim of an attack earlier this year, an attack in which roughly $ 65 million worth of bitcoin were stolen, and that led to a very controversial way of the exchange to deal with the problem. Recently, in a blog post, the Hong Kong-based exchanged attempted to establish communication with the hacker, in an attempt to “discuss an arrangement” they think the hacker will find interesting. Bitfinex had previously issued a 5% of the stolen bitcoins as bounty to anyone who could lead to the recovery of the funds, and has been working with authorities to catch the hacker.

Callcoin: Telegram’s first app to call ordinary phone numbers that only accepts bitcoin

Dmitry Chuyenko is an entrepreneur and the CEO of CallCoin, an app that allows users to dial-out/dial-in in Telegram that uses callback in order to give users low-cost opportunities. According to Dmitry, Telegram offers users conditions other apps such as Skype do not, and that means it’s perfect for Callcoin, a product for tech-aware users. It’s an open source app that only accepts bitcoin thanks to a partnership with BitGo.

Winklevoss brothers make State Street a bitcoin ETF administrator

Cameron and Tyler Winklevoss have gotten State Street to help launch the first bitcoin exchange-traded fund (ETF). State Street is now being listed as the administrator of the fund, called Winklevoss Bitcoin Trust – an ETF in which investors have shown great interest that, if approved by SEC, will be the very first bitcoin ETF approved in the US by an official entity

The SEC filing states that State Street would be responsible for “day-to-day administration of the Trust”, as well as accounting services of the Trust’s bitcoin net asset value (NAV). The Winklevoss brothers are also the founders of the Gemini bitcoin exchange.

Visa B2B Connect, a blockchain payment service, is expected to launch in 2017

According to Visa, its blockchain payments service named Visa B2B connect, developed along with blockchain startup Chain is going to be launched in 2017, as safer, more transparent mechanism that businesses will be using to make payments via Visa’s network. The exact release date has not yet been disclosed, but the company claims the service will be operational in 2017.

Paper suggests quantum computing is no match for SHA-2 encryption

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“IndyWatch Feed Crypto”

Bitcoin news roundup, 23nd October 2016