{"id":94,"date":"2016-02-10T20:45:00","date_gmt":"2016-02-10T20:45:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/monthly-recap-january-2016\/"},"modified":"2016-02-10T20:45:00","modified_gmt":"2016-02-10T20:45:00","slug":"monthly-recap-january-2016","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/02\/monthly-recap-january-2016.html","title":{"rendered":"HolyTransaction’s Bitcoin Monthly Roundup of January 2016"},"content":{"rendered":"
\nWelcome to HolyTransaction\u2019s 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.<\/div>\n


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\nAltcoin Exchange Cryptsy Admits to Running Fractional Reserve<\/a><\/div>\n
\nSince the news broke about Cryptsy\u2019s 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\u2019s founder spell more bad news for the American exchange.<\/div>\n


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\n<\/p>\n

\nBitcoin Developer Mike Hearn Rage Quits Bitcoin<\/a><\/div>\n
\nMonths 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\u2019t able to garner community support, and Hearn eventually signed a deal to work with R3. Hearn also cited concerns about \u201cChinese miners\u201d 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: \u201cBut despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly.\u201d 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.<\/div>\n


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\n<\/p>\n

\nCorrupt Silk Road Agent Re-Arrested for Attempting to Flee Country<\/a><\/div>\n
\nShaun 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.<\/div>\n


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\n<\/p>\n

\nBitcoin Core Launches Social Media Presence for Better Communication<\/a><\/div>\n
\nIn a response to community outcry for better communication from those entrusted with the \u201coriginal\u201d 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.<\/div>\n


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\n<\/p>\n

\nDigital Asset Holdings Raises $52 Million and Deal to Bring Blockchain to Australia<\/a><\/div>\n
\nFormer JP Morgan Chase banker Blythe Masters\u2019 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\u2019s main exchange operator. The blockchain is going down under, in a good way.<\/div>\n


<\/b><\/p>\n

Thank you for reading our newsletter with the previous month’s best Bitcoin articles!<\/p>\n

We tweet more cryptocurrency news and insights daily @HolyTransaction<\/a><\/p>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to HolyTransaction\u2019s 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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,45,76,87,101,153,191,216,256,468,469],"tags":[736,764,777,793,840,871,894,932,1126,1127],"yoast_head":"\nHolyTransaction's Bitcoin Monthly Roundup of January 2016 -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/02\/monthly-recap-january-2016.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HolyTransaction's Bitcoin Monthly Roundup of January 2016\" \/>\n<meta property=\"og:description\" content=\"Welcome to HolyTransaction\u2019s first monthly recap for the new year of 2016. 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