r/bitcoin recap - May 2017

Hi everyone!

I’m back with the fifth monthly Bitcoin news recap.

I seriously can’t believe all of this stuff happened in ONE month.

For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/bitcoin and save them. At the end of the month, I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.

You can see recaps of the previous months on Bitcoinsnippets.com

If you're on mobile and can't see the links below, check the web version.

A recap of Bitcoin in May 2017

• 01: 21.co launches targeted pay-per-reply surveys and a microtask marketplace & A beginner’s guide on how to buy bitcoin in 2017 & A girl gets charged by the police for supposedly breaking German law by buying over €12.500 of bitcoin
• 02: Bitcoin rises over $1400 & After false accusations about having SegWit patents, Blockstream commits to patent nonaggression
• 03: Bitcoin rises over $1500 & A reminder that Craight Wright is not Satoshi Nakamoto & A Lightning implementation now supports Litecoin alongside Bitcoin
• 04: Bitcoin rises over $1600
• 05: Someone offers a 50% bounty for recovering 445 stolen BTC & The owner of an NBA team who owns at least $5M worth of Bitcoin, praises Bitcoin & Jihan Wu appears ok with banning ASICBoost
• 06: Bitcoin billboard in Los Angeles & Bitcoin plummets through all-time-high’s & ViaBTC runs a Twitter poll on SegWit activation
• 07: SegWit and the addition to Coinbase cause Litecoin to rise by 700% in 1,5 month, leaving people wondering what effect SegWit would have on the price of bitcoin & The new French President showing his love for Bitcoin with a Ledger Blue hardware wallet
• 08: The Japanese are using Bitcoin more than expected & An explanation on the user-activated soft-fork BIP149 (Bitcoin Improvement Proposal)
• 09: Bitcoin rises over $1700 & Bitcoin Unlimited suffers from a third major bug that results in most of its nodes crashing
• 10: Bitcoin will be recognised as a proper currency in Australia starting from July 1st & The first SegWit transaction happens on Litecoin
• 11: Ulmart, a large Russian online retailer, plans to accept bitcoin
• 12: A ransomware attack with a bitcoin bounty is made on the National Health Service in the UK, among countless other places
• 13: Someone puts out a $1M bounty to disprove rumours about SegWit opponents have been bringing up for a year & The US government awards $2.25M to blockchain research projects & Pieter Wuille’s new project to create a new type of Bitcoin address
• 14: With no currency of their own, Palestinians are considering to create a national cryptocurrency
• 15: Indian bitcoin exchange Zebpay crosses 500k downloads on Android & An introduction to Bitcoin Rootstock
• 16: The mempool reaches 200k transactions & A well known guy who likes gold & silver recommends Bitcoin too & UASF SegWit activation can happen in 2 months
• 17: A list of all the things we could be discussing if we weren’t stuck debating SegWit
• 18: $400M worth of bitcoin transactions are waiting in the mempool & 7 Altcoins have activated SegWit so far without issues & A comprehensive guide on BIP148 and the risks by Luke Dash Jr
• 19: Someone sends a transaction to the WannaCry ransomware address from the address 1FuckU…
• 20: Bitcoin rises over $2000 on some exchanges & Bitcoin Trezor will be supporting BIP148
• 21: A study shows forum comments can predict Bitcoin’s price with over 80% accuracy & Rusty Russell, one of the co-authors of BIP9, is in support of a UASF for Segregated Witness
• 22: A reminder of Ross Ulbricht, operator of Silk Road, who is sitting out two life sentences in jail & Rootstock raises $3.5M and launches its smart contract testnet
• 23: Bitcoin is #5 in the Top Google Searches in the US & Barry Silbert’s Bitcoin scaling agreement is publicly posted & Blockstream launches its ‘Liquid’ Sidechain in Beta at Consensus 2017
• 24: Bitcoin rises over $2300 on some exchanges & Fidelity bank accounts are now integrated with Coinbase to show cryptocurrency balances & A story from “The BearWhale” on the need to UASF & Japan is positively discussing Bitcoin on mainstream media
• 25: Bitcoin rises over $2700 on some exchanges &
• 26: A beginner’s guide to a User-activated Soft-fork (UASF) & OpenTimestamps ‘carbon dated’ almost the entire Internet with one Bitcoin transaction
• 27: Memes reign as bitcoin crashes from its new all-time-high & Russia’s Central Bank drafts a proposal to classify Bitcoins as digital goods
• 28: A reminder to all the newcomers to have a look at the Bitcoin Whitepaper by Satoshi Nakamoto
• 29: Electrum & Mycelium wallets support UASF BIP148 to activate SegWit on August 1st
• 30: The NY scaling agreement is deliberately made incompatible with the existing SegWit deployment & BitClub mining pool is now signalling SegWit again
• 31: Chinese exchanges resume withdrawals after months of government investigations

Thanks to everyone who has been contributing positively and constructively over the past month.

Here's to June! (and SegWit)

Submitted June 01, 2017 at 08:35PM by SamWouters http://bit.ly/2srDB1i