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Showing posts with label bitcoin banking. Show all posts
Showing posts with label bitcoin banking. Show all posts

Changing the Face of Bitcoin?


Industry Group Aims to Change Bitcoin Symbol to ‘Ƀ’

There is an effort to better represent bitcoin as a symbol is launched. The Unicode ‘Ƀ’ symbol has been chosen by a website of industry members as a way to better legitimize bitcoin as a symbol both in print and online media.

It is already an existing Unicode character under the non-profit corporation Unicode Consortium, which describes it as a "latin capital B with stroke" that has the hex Alt +0243. A number of bitcoin companies already use Ƀ as the symbol to denote bitcoin. They include ZeroBlock, Lamasuu, Tip4Commit.

The current bitcoin symbol

Bitcoin has long been denoted as B however it is not recognized as a Unicode symbol by the Unicode Consortium, which develops such standards. Having a symbol in Unicode form means it would work in different fonts and formats and would help to better convey the cryptocurrency to the masses in various forms of media.

There has been community discussion to get B⃦ used in conjunction with the Unicode Consortium, with a Bitcoin Wiki resource devoted to it.

However, since the Unicode Consortium already accepts Ƀ, it could be an easier path to adoption since there are no standardization roadblocks in the way.

Source: coindesk.com

What Does Mt.Gox CEO Need To Explain


Mt. Gox CEO ordered to US for questioning on missing bitcoins!
The imploded exchange's saga continues as a US bankruptcy judge orders Mark Karpeles to better explain the disappearance of 650,000 bitcoins.
In just a  few months Mt.Gox has gone from being the world's top Bitcoin exchange to shuttered, missing nearly $400 million in bitcoins, and accused of fraud. Now there is this judge from the United States that is ordering the Japan-based exchange's CEO to come to the US and answer a few questions about the Chapter 15 bankruptcy protection it filed in the US last month, according to Reuters. Mt.Gox also filed for bankruptcy in Japan in February.

The Us Bankruptcy judge Stacey Jernigan ordered Mark Karpeles to be in Dallas on April 17. Jernigan wants Karpeles to give more details on wht Mt.Gox shutdown and how hundreds of thousands of customer bitcoins were lots.

Source: coindesk.com