Bitcoin News Mash-Up: The Nakamoto Revenge; the New Gyft Card; and More

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Following are the major Bitcoin news of the day

Dorian Nakamoto Planning to Sue Newsweek

Dorian Nakamoto, who was earlier mistaken as the Bitcoin creator Satoshi Nakamoto, is now planning to sue Newsweek, the magazine that first published this controversial analysis. Ever since, the fake Nakamoto was made to bear a lot of psychological pressure. He is now looking for donations from the Bitcoin community to fund his legal defense in the case, for which he has launched a website as well, named newsweeklied.com. Excerpt from the homepage reads:

“In March of 2014, Newsweek published an article falsely identifying Dorian Nakamoto as “The Face of Bitcoin. Newsweek must be held accountable for its reckless reporting. Please donate to Dorian Nakamoto’s Legal Defense Fund.”

Gyft Launches its Own Card
Gyft recently launched ‘Gyft Card’ to further facilitate customer purchases. These customers also include the ones using Bitcoin on the Gyft platform, so as to buy stuff from companies that do not accept the cryptocurrency. According to the information available on the company’s website, customers can use Gyft card at any store – Amazon, Whole Foods Market, etc. – that is integrated with Gyft. All you have to do is copy the code from the card, select the gift card you want to buy and click on “Buy Now”, paste the code in the box Promotional (Promo Code) and validate.

Introducing a Wi-Fi Hotspot that Receives Bitcoin Payments
Anyone with internet access may soon be able to share its connection with strangers in exchange for Bitcoins. A new YouTube video has hinted the launch of such a “killer app”, which introduces us with the concept of Bitcoin feeding mesh networks. At this point, the access point of Bitcoin Wi-Fi is based on a Raspberry Pi. The small, affordable equipment is connected to a router and a Wi-Fi antenna is letting you share the internet connection within the range. When the person within the range tries to connect his device with your Wi-Fi, he is prompted with a Bitcoin payment message.

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com