29 Sep '14, 9am

Cryptocurrency Round-Up: Russia's Bitcoin Ban and Internet-less Transactions - International Business Times UK

Cryptocurrency Round-Up: Russia's Bitcoin Ban and Internet-less Transactions - International Business Times UK

Current Bitcoin Price: $369.91 (£228.07, €295.54, via CoinDesk.com ) Draft law over bitcoin expected soon in Russia Reuters The price of bitcoin has continued to tumble over the weekend, bringing its market capitalisation to below $5 billion (£3bn, €3.9bn). The price slide means that the world's most valuable cryptocurrency is now at its lowest level for almost six months. Internet-less bitcoin transactions An experimental software that allows bitcoin to be broadcast over a television network is being tested in Finland. Kryptoradio, a data transmission protocol project, transmits low band-width information over broadcast networks in order to enable bitcoin transactions in areas with poor internet service. "Currently we broadcast Bitcoin traffic but we occasionally send some test patterns and we are planning to update to new protocol version soon which allows transmission o...

Full article: http://www.ibtimes.co.uk/cryptocurrency-round-russias-bit...

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