Bitcoin News Mash-Up: CAVirtex Shuts Down; OKCoin CTO Quits; and More

0
6

Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Security Concerns Lead CAVirtex to Closure

Popular Canadian Bitcoin Exchange CAVirtex recently announced to shutdown entirely amid growing security and banking concerns. In its recent blogpost, the company admitted to have suffered a less-severe but alarming security breach in its older database. Following the incident, CAVirtex understood their incapabilities to handle losses if the security issues prevail, and thus decided to step down. You can read the full report here.

OKCoin CTO Quits Following Creative Differences

Changpheng Zao recently quitted from its chair of OKCoin’s Chief Technical Officer following alleged creative differences with exchange’s top hierarchy. He stayed on his position for about eight months. Zao meanwhile displayed interests towards serving the cryptocurrency community once the current states of affairs take backseat. You can read the full report here.

PokerStars Rumored to Accept Bitcoin Soon

One of the top online poker websites PokerStars will soon start accepting Bitcoin, at least in the world of rumors. Fans have already speculating about the benefits Bitcoin will receive after being associated with a website that has attracted over 50 million users since its launch. Much of this expectation is based on Unlawful Internet Gambling Act in the US, which forbids banking sectors to associate with gambling websites. If this is to be considered, the alleged adoption will be a win-win situation for Bitcoin. You can read the full report here.