7 Dec
0
HolyTransaction supports Multi-Collateral DAI
DAI users will retain the balance of their DAI addresses, which will be migrated to a new multi-collateral contract with the DAI ticker symbol. Balance totals for HolyTransaction DAI users will reflect the same DAI total that they had prior to the contract swap.
DAI has been upgraded from a single-collateral token to a Multi-Collateral DAI token.
SAI (single-collateral token) will no longer be supported or traded on HolyTransaction.
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2 Sep
0
Update for Customers With Tether Stored on HolyTransaction
Please note that we have migrated your Tether balance to USDT on Ethereum (ERC20). Thank you for your continued support for HolyTransaction. If there are any doubts or questions, please don’t hesitate to contact us.
Stay tuned!
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27 Feb
0
Ethereum Hard Fork
Ethereum Hard Fork Please note that the Ethereum (ETH) Hard Fork is scheduled for February 28, 2019. Consequently, HolyTransaction wallet services for ETH will be temporarily suspended to perform this update. The services will be suspended from around 6:00pm UTC on February 28, 2019. Note that the time might vary depending on average block time and mining difficulty. We appreciate your understanding regarding this matter and thank you for your continued support for HolyTransaction. If there are any doubts or questions about the Ethereum Hard Fork, please don’t hesitate to contact us.
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10 Feb
0
HolyTransaction’s Bitcoin Monthly Roundup of January 2016
Welcome to HolyTransaction’s first monthly recap for the new year of 2016. This past month of January has been marked by all time highs for the year thus far; during that time, the bitcoin price rose from a high of $430.89 on January 1st to a low of $368.49 on January 31st, according to Bitcoin exchange Bitstamp.
Since the news broke about Cryptsy’s disappearence, the exchange has officially put forward their side of the story. Paul Vernon claims that the exchange was hacked years ago, and admits to running a fractional reserve since that date. He even offered a 100 BTC reward for whoever could find the hacker. Community speculation and the piling legal documents against Cryptsy’s founder spell more bad news for the American exchange.
Months ago, Hearn was promoting Bitcoin XT, a hardfork that would have increased the Bitcoin blockchain block size in a brute force manner. The plan wasn’t able to garner community support, and Hearn eventually signed a deal to work with R3. Hearn also cited concerns about “Chinese miners” and the Great Firewall of China and what their involvement in Bitcoin meant for the longevity of the project. He left the Bitcoin community with a strong blog post on Medium, saying: “But despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly.” Unfortunately, many in the mainstream media took this as an opportunity to hail the death of Bitcoin; but alas, the death of Bitcoin was (again) greatly exaggerated.
Shaun Bridges, one of the government agents arrested and charged in the aftermath of the Silk Road case, which the agents were instrumental in, has been re-arrested. Bridges was found with packs of packed clothes, money, passports, and other evidence that he was planning to leave the country instead of reporting for his time in jail. There is evidence that Bridges still has Bitcoin stashed elsewhere, and the plot continues to thicken.
In a response to community outcry for better communication from those entrusted with the “original” version of Bitcoin, the Bitcoin Core team launched their social media presence this past month. They are also using popular communications platform Slack to better interface with the community. Interested users can signup at slack.bitcoincore.org to chat about the future of Bitcoin.
Former JP Morgan Chase banker Blythe Masters’ blockchain company, Digital Asset Holdings, has successfully raised $52 million for their project. The company previously bought out such bitcoin startups as Hyperledger and had been raising money through 2015 to bring the blockchain to the mainstream. The company also landed a deal with ASX Ltd., which is Australia’s main exchange operator. The blockchain is going down under, in a good way.
Thank you for reading our newsletter with the previous month’s best Bitcoin articles!
We tweet more cryptocurrency news and insights daily @HolyTransaction
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5 Oct
0
Bitcoin’s Monthly Recap of September 2015
Welcome to HolyTransaction’s ninth monthly recap for the year 2015. This past month of September has been marked by some pretty developments in old cases and the long awaited release of new products; during that time, the bitcoin price rose from a low of $229.86 on September 1st to a high of $236.12 on September 30th, according to Bitcoin exchange Bitstamp.
Mike Tyson Proud to Be In Bitcoin, Opens Bitcoin ATM in Las Vegas
Weeks ago, Mike Tyson announced that he would be releasing a Tyson branded Bitcoin ATM in Las Vegas. The Lamassu Bitcoin ATM currently sits at the Linq in Vegas, is the 7th in Sin City, and has gathered a lot of attention. Tyson believes that Bitcoin will grow as education on it grows. He commented: “People don’t really understand a currency based on numerical equations. I personally still don’t … but I’m grateful to be a part of the revolution and hoping that my participation in this space will lead to more conversations and help increase knowledge and awareness.”
More Corruption in FBI Silk Road Case As Variety Johns Comes Forward
Variety Johns, the man long associated with working with Ross Ulbricht and Silk Road, has turned himself in and revealed a very convoluted tale. He claims that a corrupt federal agent is threatening the Ulbricht family and is in control of an encrypted Bitcoin wallet with Ross Ulbricht’s bitcoins. Posting to the internet, Variety Johns revealed his real name and the alias of the supposed agent hunting him: Diamond. The years old investigation into Silk Road is still ongoing.
21 Inc. Releases 21 Bitcoin Computer
21 Inc., one of the most well-funded Bitcoin companies in the world, has released its first product: the 21 Bitcoin Computer. At its core, the Bitcoin computer is just a Raspberry Pi 2 with an attached 21 Inc. Bitcoin mining chip that is rather efficient. The Bitcoin computer enables a developer to have full access to the Bitcoin network as a full node. Already, the computer has become the #1 best selling server on Amazon.
R3 Blockchain Initiative Brings 22 International Banks Together
In a sure sign of the times, many big name banks from around the world have committed to working with new Bitcoin company R3. R3 is planning a blockchain development initiative that will update the financial infrastructure that banks use to include blockchain technology, whether or not Bitcoin will be involved remains to be seen. The CEO of R3 stated: “The addition of this new group of banks demonstrates widespread support for innovative distributed ledger solutions across the global financial services community, and we’re delighted to have them on board.”
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4 Sep
1
HolyTransaction Telegram Bot for Crypto Conversion
We are excited to announce several new developments that have recently launched at HolyTransaction, in our continued effort to make digital currency easy and accessible for all.
Firstly, full conversion between Tether and our other supported cryptocurrencies is now available.
Tether is blockchain-based smart property built on top of Omni Layer that is backed backed 1-to-1, by traditional currency held in Tether reserves. One TetherUST, for instance, equals one dollar. The value of each Tether never changes, meaning that there is no fear of volatility. Tethers can also be withdrawn and held in any Bitcoin wallet where you control the private key.
Secondly, we are pleased to introduce our new HolyTransaction Telegram Bot, available to users on both the Telegram and GetGems messaging platforms. The HolyTransaction Bot allows users to view up-to-date exchange rates, and get the most recent cryptocurrency news, without ever leaving their chat client. In many countries, a strong and reliable internet connection is not always available.
Our bot will allow users to conduct transactions and inquire about their favorite currencies quickly and without difficulty, all from a single chat. The HolyTransaction bot is available to users on both desktop and mobile platforms. Simply send a message to @HolyTransactionBot via either Telegram or GetGems to begin.
Bot Commands:
/exchange
/exchange
- ● Conduct a trade between any of our supported currencies on the HolyTransaction
platform.
/getnews - ● View the most recent cryptocurrency news.
/rate - ● Receive details on the current price of any of our supported currencies.
/currencies - ● List currencies available on the platform.
/help● List of BOT commands
Lastly, as part of the technology behind the HolyTransaction Telegram Bot, we have released a custom HolyTransaction API. Developers around the world are invited to use this new API to integrate the functionality of the HolyTransaction platform into their own projects. You will find more info to start developing.
HolyTransaction is a multi cryptocurrency wallet that allows you to use Bitcoin, Litecoin, Dogecoin, Dash, Blackcoin, Tether, Omni Layer and RibbitRewards. We are committed to our users both near and far. Cryptocurrency is international, and so are we. Stay tuned for more news from HolyTransaction!
Open your free digital wallet here to store your cryptocurrencies in a safe place.
6 Aug
0
Bitcoin’s Monthly Recap of July 2015
Welcome to HolyTransaction’s seventh monthly recap for the year 2015. This past month of July has been marked by several long awaited news and events; during that time, the bitcoin price fell from a low of $272.50 on July 1st to a high of $280.19 on July 31st, according to Bitcoin exchange Bitstamp.
Ethereum Genesis Block Released and Mining Begins
Ethereum promises to do for contracts what Bitcoin has done for payments, and its release marks a new frontier in crypto/bitcoin 2.0. In fact, Ethereum’s launch product was called ‘Frontier’ and along with an ingenious open source method for generating the genesis block, Ethereum has started its decentralized app network. Many have complained that the bare-bones, command line interface of the release is unnecessarily elitist and keeps the network small and limited to those with extensive technical know-how. Ethereum notably raised $18 million USD in late 2014, and is now on its way.
Proposed California Bitcoin Regulation Moves Forward In Better Light Than BitLicense
AB 1326, which is making its way through the California legislative process currently, has gotten a vote of approval from Bitcoin regulatory lobbying firm Coin Center. After receiving constructive criticism from Coin Center, the bill was amended to specify exactly that only companies holding customers’ funds need a license. Coin Center has a set state digital currency framework that it hopes to promote in each state. They, and the Bitcoin community, believe that companies that don’t hold customers’ funds should be free to innovate with the blockchain or a blockchain.
Bitcoin Malware on the Decline According to Kaspersky Report
A quarterly security report by the noted Kaspersky Labs has noted a lessening in the amount of Bitcoin malware since 2015 began. Kaspersky Labs is a noted security firm that has informed the public on many hacks in the past. Recently, Bitcoin malware such as cryptolocker has been used by hackers and has stricken people, corporations, and even governments across the world. Overall, in the 2nd quarter of 2015, Kaspersky Lab determined that 379,972,834 instances of computer infection occurred.
Former Reddit Employee Creating a New Decentralized Media Platform
A former employee of Reddit, Ryan X. Charles, plans to create a new app featuring a blockchain that would function like Reddit but be truly decentralized, getting rid of as many third parties as possible. Charles was initially hired by Reddit in 2015 to work on some sort of Reddit token; however, in the upper management tumult that rocked Reddit recently, Charles was let go and his project scrapped. Charles commented: “I’ve collaborated with a lot of other people to produce some of the fundamental software necessary to make a decentralized reddit. […] It’s not done yet and there is no prototype, but I would love to find collaborators to build something concrete.”
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3 Jul
0
Bitcoin’s Monthly Recap of June 2015
Welcome to HolyTransaction sixth monthly recap for the year 2015. This past month of June has has been eventful for Bitcoin due to events within the Bitcoin ecosystem and from the general economic world as well; during that time, the bitcoin price fell from a low of $223.51 to a high of $272.50, according to Bitcoin exchange Bitstamp.
Russia Reverses Stance on Bitcoin Ban, Open to P2P Transactions
According to Russian media Izvestia, the Russian government is expected to reverse its stance on Bitcoin in the coming months. Over the last year, different arms of the Russian government have come forward with different opinions on Bitcoin, with the Central Bank being notably open to the idea of cryptocurrencies. This news comes on the heels of a reversal on a website ban affecting several Russian Bitcoin sites. Around the world, an anti-Bitcoin stance is increasingly becoming more and more unpopular.
Decentralized Marketplace OpenBazaar Receives $1 Million USD Funding
The decentralized marketplace project, OpenBazaar, has raised $1 million USD in funding from names such as Andreessen Horowitz and Union Square Ventures. OpenBazaar has sometimes been called the spiritual successor to infamous marketplaces such as the Silk Road. Of course, that is not the purpose of the project; however, the applications of a secure and open marketplace software has obvious implications for the black market. The infusion of venture capital money into such a controversial area shows the promise of Bitcoin technology in the world of commerce.
Silk Road Investigator Pleads Guilty to Money Laundering
In the latest drama from the Silk Road drug market takedown, one of two federal agents working on the Silk Road case has plead guilty to money laundering, extortion, and other crimes. Carl Force infiltrated the Silk Road marketplace as the head of the Baltimore-based team that took down the infamous site; however, while leading the investigation, Force stole money from Silk Road and the now convicted Ross Ulbricht. Force even signed a movie deal with 20th Century Fox to detail his exploits. Another agent, Shaun Bridges, also plead guilty to similar crimes.
Nasdaq Private Market Works with Chain to use Bitcoin
In a continued show of interest in Bitcoin technology, the Nasdaq OMX Group Inc. has chosen Bitcoin startup Chain to test a new type of trading. Using Bitcoin technology, Nasdaq hopes to secure the trading of private company shares. The Nasdaq Private Market currently services pre-IPO trading of shares in private companies and blockchain technology will manifest here first. Nasdaq’s CEO Bob Greifeld explained: “As blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole, Nasdaq aims to be at the center of this watershed development.”
Greek Economic Crisis Raises Bitcoin Awareness
For the last month, the world has been eagerly watching Greece struggle with the European Union over its debt and a proposed deal to save the beleaguered country. In the meantime, banks, PayPal, and Western Union have all taken a much-felt hiatus from the country, leaving the Greek people to suffer financially. In this economic turmoil, many have started learning about Bitcoin. Bitcoin companies across Europe are reporting increased levels of usage and activity from the Greek area. In 2014, when Cyprus was having similar issues, interest in Bitcoin also experienced a noticeable jump.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
31 May
0
Bitcoin’s Monthly Recap of May 2015
Welcome to HolyTransaction’s fifth monthly recap for the year 2015. This past month of May has reminded everyone in the Bitcoin world why we are here; during that time, the bitcoin price fell from a high of $231 to a low of $223.51, according to Bitcoin exchange Bitstamp.
Roger Ver and OKCoin Dispute Over Bitcoin.com
Since the news months ago that the highly-visible Bitcoin.com domain would be managed by Chinese Bitcoin exchange OKCoin, things have really changed. In a series of Reddit posts, Roger Ver, OKCoin, and former OKCoin employees aired out all of their dirty laundry. Amid accusations of forged contracts and blatant lies, the spat resulted in a huge blow to the reputation of OKCoin. Bitcoin.com currently redirects to Bitcoin.org, which is maintained by the Bitcoin Foundation.
Bitcoin Exchange BitFinex Hot Wallet Hacked
BitFinex, one of the leading Bitcoin exchanges, has been hacked for just over 1500 BTC earlier in May. According to the exchange, trading was not affected and 99.5% of users’ funds were never accessible to the hacker. The hack, while unfortunate, demonstrates the efficacy of cold and hot wallets, which may have been the downfall of Mt. Gox. Notably, another European Bitcoin exchange, BitStamp, also suffered a hot wallet hack earlier in 2015.
Ross Ulbricht Sentenced to Life In Prison
Ross Ulbricht, the founder of the Deep Web marketplace Silk Road, has been sentenced to life in prison. Many in the community feel that a life sentence is too harsh given the nature of Ulbricht’s crimes. An appeal is planned by Ulbricht’s defense lawyer, Joshua Dratel. Notably, the trial which convicted Ulbricht did not allow the introduction of key evidence that may tell a different story. The sentence was passed by Judge Katherine Forrest, who was appointed to her federal judgeship on the recommendation of Senator Schumner, the first politician to publicly call for the takedown of Silk Road.
North Carolina Passes Bitcoin Bill
The House of Representatives from North Carolina has passed a new bill to modify the Money Transmitters Act. The bill, HB 289, specifically includes and clarifies the state’s stance on virtual currencies such as Bitcoin. The bill was introduced by Republican Representative Stephen M. Ross, who is also a VP at Wells Fargo. The Bitcoin community has been receptive to North Carolina’s clarification, which contrasts with actions from states such as New York. Perianne Boring, the founder of the Chamber of Digital Commerce, commented: “I would be rather straight forward and say that the community favors regulatory clarity over ambiguity that can create ultimately greater exposure for companies, especially those that do not have the legal budgets necessary to evaluate the ambiguities. The legislation represents a lighter touch than the NY DFS proposal by protecting the interest of consumers but not imposing any additional regulatory burdens or costs on business to business transactions. It also has avoided some of the pitfalls of existing statutory schemes. It may not be what a segment of the community wants – no regulation. But NC is not a no regulation state and this is a useful step forward in making the law work for digital currency companies.”
Ripple Labs Receives $28 Million USD in Funding
Ripple Labs, the company behind the Ripple payment protocol and network, has recently closed a $28 million USD funding round. This round marks their Series A funding and saw many participants from around the world. Ripple has made waves in the digital currency space by sealing deals with several banks around the world. However, Ripple has also faced increasing scrutiny from users wary of centralized control as well as Stellar, an offshoot created by one of Ripple’s original founders which even used some of the same code. Chris Larsen, Ripple Labs’ CEO, commented: “With investors like CME Group and Seagate joining the fold, we’re well positioned to accelerate adoption amongst these key customers.”
Open your free digital wallet here to store your cryptocurrencies in a safe place.
30 Apr
0
Bitcoin’s Monthly Recap of April 2015
Welcome to HolyTransaction’s fourth monthly recap for the year 2015. This past month of April has tested the Bitcoin community’s resolve; during that time, the bitcoin price fell from a high of $244.24 to a low of $231, according to Bitcoin exchange Bitstamp.
Rand Paul is the First Presidential Candidate to Accept Bitcoin Donations
United States Senator Rand Paul announced that he would accept Bitcoin donations to fund his 2016 presidential bid. Paul believes that his use of bitcoins and his progressive stance on technology will win over the younger generation in the presidential election. Rand Paul and his supporters believe that the government should have a more hands-off approach to money, and Bitcoin promotes just that. Federal campaigns are allowed to accept Bitcoin donations thanks to an FEC decision released earlier.
Bitcoin Summit to Be Held on Richard Branson’s Private Island
Bitcoin supporter and founder of the Virgin Galactic corporation, Richard Branson, has been associated with a new Bitcoin Summit that average Bitcoin users are considering high-brow. Back in February, Bruce Fenton, the current executive director of the Bitcoin Foundation, hosted something called the Satoshi Roundtable on a Caribbean island. Though this Bitcoin Summit uses Richard Branson’s island, the event is hosted by a company, not him. The Summit will take place on Necker Island and will feature lots of people.
Ross Ulbricht Denied Retrial Despite New Charges Against Corrupt Agents
In March, Ross Ulbricht was convicted of running the underground marketplace Silk Road in court. However, weeks after his trial, new charges against agents instrumental in bringing down Ross Ulbricht and the Silk Road came to light. Two federal agents stole money from the investigation, and evidence in that case even supports the theory that the FBI illegally hacked the location of the Silk Road servers. Despite the obvious corruption and potential for subterfuge in the investigation, the sentence from before still stands.
Bitcoin Core Development Funding Moves from Bitcoin Foundation to MIT
Since the hectic reshuffling of the Bitcoin Foundation and its functions, the responsibility of Bitcoin core development funding has passed to the MIT Media Lab. The MIT Media Lab supports various other open source projects in the crypto and tech space. Gavin Andresen, Wladimir Van Der Laan and Cory Fields will now take salaries from the MIT Media Lab. Andresen explained how Bitcoin development will remain un-controlled: “The Bitcoin Foundation was never the center of development; the Bitcoin core open-source software project has been the center, and like most open-source software projects, the developers who work on Bitcoin core are supported in many different ways. Some work for companies that want to see Bitcoin succeed, some for nonprofits, and many are self-funded and self-motivated.”
Bitcoin is Value Added Tax (VAT) Exempt in Spain
The General Directorate of Taxes in Spain has responded to a request for clarification regarding virtual currencies. In their decision, the DGT stated that virtual currencies work as a means of payment and can be labeled as a financial service, and not subject to a VAT. Other countries in Europe have also taken similar stances on the taxation of Bitcoin. Bitcoin startups in these countries are using the clarified regulations to move forward in innovation.
Open your free digital wallet here to store your cryptocurrencies in a safe place.