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Chamber of Digital Commerce Celebrates First Anniversary And Recaps Efforts So Far

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The Chamber of Digital Commerce has been playing an important role in terms of Bitcoin regulation over the past year.  In fact, the Chamber of Digital Commerce is the only trade association exclusively representing the world of Bitcoin and digital currency.  And a few days ago, they celebrated their first anniversary.  Let’s recap what has been realised so far.

Celebrating One Year of Chamber of Digital Commerce

If there is one thing the Bitcoin industry desperately needed, it was a group of experts who truly took Bitcoin’s best interest to heart and went out to represent it in a proper fashion.  Originally, this was the task of the Bitcoin Foundation, but that organization failed to live up to its expectations.  On top of that, the Bitcoin Foundation misspent a huge amount of funds and went nearly bankrupt earlier this year.  Read more...

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Overstock.com Remains Long-Term Bitcoin Holder Despite Dwindling Value of Digital Currency Holdings

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One of the major announcements in terms of merchants accepting Bitcoin payments came when Overstock.com Patrick Byrne broke the news. To make that announcement even better, Overstock.com would keep 10% of every Bitcoin transaction in BTC, while converting the rest to fiat currency. The stage was set for a fruitful partnership to take Bitcoin to the next level.

A Healthy Portfolio of Cryptocurrency HoldingsOverstock.com Small

Despite the risk associated with keeping a portion of each transaction in BTC, Overstock.com felt confident they would be boosting the Bitcoin economy in doing so. After all, most merchants accept Bitcoin and convert the full amount to fiat currency, creating sell pressure on Bitcoin exchanges.  Read more...

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Digital Chamber’s Bitcoin Education Day: 435 Congressional Offices Now Have the Basics on Bitcoin.

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WASHINGTON, D.C., August 29, 2014  – Today the Chamber of Digital Commerce hosted the first ever Bitcoin Education Day on Capitol Hill.  Over 32 Bitcoin professionals from 12 states flew to Washington, DC and briefed over 70 Congressional legislative aides, then introduced themselves to the remaining 365 offices.  Bitcoin factsheets were delivered to the office of every member of the US House of Representatives.

Rep. Steve Stockman (R-TX) was the Member sponsor of the event and flew in from Texas to personally welcome the Bitcoin Education Day participants on Capitol Hill. According to Rep. Stockman  “Perianne Boring and the Chamber of Digital Commerce have staged a breakthrough event, taking Washington’s grasp of Bitcoin up to a much higher level.”  Read more...

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Digital Chamber Submits Comments to NYDFS on BitLicense Proposal.

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WASHINGTON, D.C. – The Chamber of Digital Commerce has submitted its comments to the New York Department of Financial Services (NYDFS) on the proposed BitLicense Rules and Regulations and are now available on its website at http://www.digitalchamber.org/assets/chamber-of-digital-commerce—bitlicense-comments.pdf.

The Digital Chamber’s comments state:

·         BitLicense regulations should not apply to businesses that store or transmit virtual currency and do nothing else;

·         Virtual currency businesses should have the freedom to invest;

·         Virtual currency businesses should have the freedom to innovate;

·         The “Existing Exchange Services” exemption discriminates against non-New York City persons.  Read more...

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Join or Die. UNITE Under The Banner Of Crypto!

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WASHINGTON, D.C. – The Chamber of Digital Commerce (http://www.digitalchamber.org/) is seeking supporters to sign its petition to Benjamin Lawsky, the State of New York’s superintendent of financial services, asking him to extend the comment period of the proposed BitLicense Rules and Regulations through the end of 2014. An extension is necessary to allow the digital commerce industry time to formulate proposals that address the state’s Department of Financial Services’ (NYDFS) goals of providing guardrails which do not threaten technological innovation.

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Bitcoin Center NYC to Welcome Perianne M. Boring, President of the Chamber of Digital Commerce to Thursday Night Satoshi Square

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New York – Bitcoin Center NYC,  the city’s only brick-and-mortar institution dedicated
to the further adoption of Bitcoin, announced today that it will host speaker Perianne M. Boring,President of the Chamber of Digital Commerce. The presentation will front-end Satoshi Square this Thursday July 31st and cover the chamber’s commitment to advocating for digital currency, especially in light of recent government regulatory activity. 

The Chamber of Digital Commerce- as the industry’s first U.S. based trade association, the newly launched nonprofit is dedicated to promoting the acceptance and use of digital assets. The chamber realizes the urgency in preventing the government from stifling these innovative, affordable financial services and payment processes. It has further identified the BitLicense regulations proposed by the New York Department of Financial Services (NYDFS) to be severely debilitating to the digital currency industry.  Read more...

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Glidera – A Bitcoin Startup (Interview with David Ripley)

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 Serge recently had the chance to conduct a written interview with David Ripley, the CEO of Glidera. Glidera is a Chicago-based Bitcoin startup , and we found it interesting to take a closer look at what the company is and does. 

Serge: Your Company was featured on the North American Chicago Bitcoin conference. Can you tell our readers a bit about Glidera (in your own words)?

David Ripley: Glidera is a new Bitcoin startup headquartered in Chicago, IL.  Our mission is to provide easy, secure products and services that maintain user control and provide transparency.  Read more...

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Call To Action: Chamber of Digital Commerce Urges Industry To Submit

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COIN CONGRESS SAN FRANCISCO July 23, 2014 — The newly formed Chamber of

Digital Commerce finds the New York Department of Financial Services (NYDFS)

proposed BitLicense rules and regulations to be severely debilitating to the digital

currency industry.

Despite Ben Lawsky’s claims that these proposed regulations are intended to be

guardrails to “protect consumers and root out illegal activity – without stifling beneficial

innovation” these rules could potentially crush the Bitcoin industry in New York and

stifle jobs, investment, and innovation. The Digital Chamber agrees that we need  Read more...

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Bitcoin Milestone: Chamber of Digital Commerce Opens in Washington, D.C.

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CHICAGO July 19, 2014 — The digital currency and digital asset communities have come together to form the industry’s first trade association, the Chamber of Digital Commerce. Opening its doors today in the nation’s capital and officially announced at the National Bitcoin Conference in Chicago, the “Digital Chamber” is embarking on a bold mission to promote among lawmakers and the larger public the industry’s goals and its potential to innovate global finance.

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