Sunday, May 8th, 2011
- First monthly BitLotto winner receives winnings
The 1 BTC lotto wager paid out 128 BTC. Lottery winner(s) receives 99% of all wagers placed. The winning entry is picked based on the sender’s address. All wagers and the payout are fully auditable in the block chain. Next draw is June 1st. Wagers should only be placed when using the bitcoin client. Wagers from an eWallet (MyBitcoin, Mt. Gox, etc.) cannot win.
- DeepBit pool temporarily reaches critical 50% threshold
“This specific situation is why Bitcoin payments are not considered ‘confirmed’ until enough subsequent blocks have been solved such that there is effectively no chance that that a double spend attempt would be successful.”
- Work begins on BitFN (Bitcoin Freenet) project
BitFn will transport BitCoin (blockchain, TXes and seeds) over Freenet and other like services. The project’s coordinator, da2ce7, has been fundraising since December. The 800 BTC bounty will cover initial development though additional funds will likely be needed.
- New Exchange: MeuBitcoin (Brazil)
Fixed-rate exchange (price related to BTC/USD market rate). Payments are sent and received through, MoIP (Money over IP) which transacts using the bank wire network.
- Withdrawal limit at Mt. Gox for those in the EU can now be raised
“People who live in europe and have nationality of a country located in europe can have their daily withdrawal limit (both in EUR and BTC) increased up to 50k$ by providing the required proofs.”
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