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Weekly Round Up: Coinbase buys, Australia releases BTC rules and Chinese exchanges make a move

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Welcome to Bitcoin Examiner’s latest weekly round up with the major news that made the headlines during last week.

KnCMiner sells Jupiter chips directly to the public

5440_bigThe Bitcoin mining hardware manufacturer KnCMiner has recently announced it is selling its Jupiter crunching chips to the public in sets of 200. The new purchasing option allows miners to replace chips instead of entire boards in case of malfunction or upgrade, while buying equipment at a low price.

The Jupiter 28 nm SHA256-crunching chips – which are being sold in sets of 200 at a cost of $5,400 and will ship from stock within 48 hours – were firstly made available to the public during this week.

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LakeBTC exchange launches browser-based Bitcoin trading app

China-based cryptocurrency exchange LakeBTC has launched a new HTML5 trading tool dubbed LakeTrader.

LakeTrader is an in-browser (and hence cross-platform) app that allows traders to view order book data, trade history and open orders, along with a number of powerful charting tools that allow both technical analysis and one-click trading.

Source: Coindesk

Coinbase buys popular block explorer service

coinbase1Coinbase announced this week it has aquired the popular block explorer service The cryptocurrency-related service is described by Coinbase as a tool that “parses the Bitcoin blockchain and presents the data to users in an easy to read way” while making the most of its “sleek, intuitive design and API”.

“As Coinbase continues to grow, we’re always keeping an eye out for other companies and individuals making waves in digital currency and helping make Bitcoin easy to use”, reads the most recent blog published by the company. According to Coinbase, perfectly matches all those requirements.

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Bitcoin Foundation releases paper for BTC businesses

The Bitcoin Foundation has released a new document titled “A Primer on Bitcoin Jurisdiction”, a document the foundation made freely available online this week to help its members and other cryptocurrency startups tackle their legal obligations.

The report was commissioned by Robert A. McFarlane, a partner at Hanson Bridgett LLP’s office in San Francisco, to show companies the steps they could take to avoid subjecting themselves to regulations or lawsuits in states that are not Bitcoin-friendly.

Source: CoinTelegraph

Bitcoiners can now use LibraTax to calculate tax obligations

Meet LibraTax, the first Bitcoin-friendly tax calculation tool especially created for all cryptocurrency traders and related companies. Or at least for the ones that intend to report their Bitcoin activity to the official authorities.

Unlike other similar tools designed to work with fiat currency, LibraTax is a cloud-based service that scans the Bitcoin blockchain to determine how much you gained or lost when purchasing or selling BTC.

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San Francisco open exchange aims to be the e-trade of Bitcoin

Y Combinator-backed startup San Francisco Open Exchange (SFOX) is an online trading platform that helps people find the best Bitcoin prices at various exchanges. In other words, it would like to help you buy, sell and invest in Bitcoin exchanges kinda like and investor buys and sells stock on E-Trade.

Co-founder Akbar Thobhani left his job at Airbnb to create this platform. However, he soon found that using Bitcoin was even more expensive than using credit cards. This is because there’s not a lot of transparency. So he started thinking that if he could find a way to compare prices this would help drive widespread adoption for the Bitcoin market.

Source: Techcrunch

Australia’s Tax Office (finally) releases Bitcoin guidelines

800px-Australian_flag_fullmastThe Australian Taxation Office (ATO) has released some much-awaited guidance regarding Bitcoin-related taxes. The cryptocurrency community already knew the authority was working on some new rules and the time of release actually makes a lot of sense with the guidelines being published alongside Australia’s 2013-1014 income tax returns.

The new set of regulations also becomes public in time to guide the growing group of Bitcoiners that is developing the crypto-scene in Australia. Australia currently has around 40,000 active BTC users, as well as 190 Bitcoin-friendly companies.

Full article

Bitcoin Center NYC aims to create start-up incubator

New York City’s own Bitcoin Center NYC is looking to explore new frontiers. The center, which often holds live trading and other cryptocurrency events recently announced plans to “help fund, manage, and cultivate momentum for Bitcoin related startups.”

The center — located just 100 feet from the New York Stock Exchange — says their plan is to provide a workplace, technical support, and event coordination in attempts to give selected startups a leg up on the competition. Of course, not all startups will be accepted into the program.

Source: NewsBTC

Three major Chinese BTC exchanges announce full release of reserve proof solutions

800px-Bitcoin_-challenge_coin-Three of the biggest Chinese Bitcoin exchanges – BTCChina, Huobi and OKCoin – recently decided to announce some major news.

The companies will release its 100% reserve proof solutions, which means more transparency for the users and also for the Bitcoin ecosystem. BTCChina was the first exchange to announce the good news on the platform’s website.

Full article

Could Dell be expanding Bitcoin acceptance to Brazil?

Computer manufacturing giant Dell made headlines not terribly long ago for deciding to accept Bitcoin on their online store seemingly out of the blue. And now, it seems, they may be looking to expanding that acceptance to Brazil.

That assumption of sorts is based a tweet from the official Dell in Brazil account (discovered and posted by a user on, which recently asked users about their interest in the digital currency:

Source: NewsBTC

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

View all Posts by Maria Santos

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