#1 Source For Bitcoin And Altcoin News
The concept of exchange digital currency has undergone a fair few changes in recent years. While there was only one available platform to do so just a few years ago, Bitcoin and altcoin exchanges can be found all over the globe these days. But even this market needs to keep evolving over time, and that is exactly what ShapeShift.io is doing with their new Android app.
Also read: How Should We Define The Concept of Money?
Finding a Bitcoin-friendly bank seems to be an impossible task these days unless you live in the UK or Germany. Most people know the name Fidor Bank as being the only Bitcoin-friendly bank in existence, but there is a new kid on the block. NextBank has announced their upcoming launch and they have some interesting tricks up their sleeve.
Also read: New Bit-X Bitcoin Debit Cards Shipping Out
Making a cryptocurrency exchange competitive is not an easy task these days. Granted, most everyday consumers want access to quick, easy, and convenient payment methods when it comes to exchanging fiat currency and digital currency. However, most of these exchange platforms are fighting regulatory measures, especially in the US. Laissez Faire is a different creature, as this exchange is legal in 49 US States, and they recently added a USD/Dash trading pair.
Also read: Fiat Currency Vs Digital Currency
Bitcoin can be used to pay employees in all different kinds of areas. Mixed martial arts might not be in the top 10 of “types of employees” looking to get paid in Bitcoin but that isn’t keeping Jon Fitch from sticking with the digital currency. In fact, Jon is the first MMA fighter to be fully paid in Bitcoin. Quite an interesting turn of events, but it seems to work out quite well.
Also read: OpenLedger Decentralizes FinTech Exchange Concept
It has been quite an interesting week for Bitcoin and fintech enthusiasts. In what may be the biggest headline of the week – which hasn’t received all that much attention – a decentralized FinTech Exchange platform was announced. OpenLedger is the name, and the goal is to let users convert bitcoin to smart coins that can be used within a completely decentralized system.
Make sure to read: Gaming Marketplace Giant G2A.COM Accepts Bitcoin
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.
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.
A major announcement was made late last night when Banx Capital announced they are joining the BitShares Exchange Network later this summer. This move brings a lot of advantages for both parties, as Banx Capital can cut down costs and expand their variety of services while BitShares Exchange Network gains a reputable partner.
The name Banx Capital is synonymous with a variety of cryptocurrency services, ranging from a news outlet to a mining company, and even their cryptocurrency exchange BANX.IO. But there is much more to Banx Capital than just that, as their enterprises span the entire digital currency industry.
As we reported in an earlier article, the Bitcoin trading volume on LocalBitcoins has seen a massive growth in the previous weeks. At that time, it remained a bit unclear as to why this was happening, considering there has not been any general news on Bitcoin that could warrant such an increase. On top of that, all of the popular Bitcoin exchanges had seen no noteworthy increase in Bitcoin trading volume. Luckily for us, one Reddit user took the time to dig a little deeper.
The great city of London, England, is bustling with activity in regards to the financial sector and Bitcoin is gaining more and more attention in that part of the world as well. With a US$5 trillion [a day] global currency market, London now also wants to become the home of one of the most disruptive technologies we have seen in the 21st century: Bitcoin.
One of the major hurdles to overcome in order to gain a foothold in any country is making sure the local government does not take up a negative stance towards your idea or technology. In the case of Bitcoin, this is a bit difficult to achieve, as there is no centralized representative who can plead his/her case with the government.
As Bitcoin is gaining more and more attention from all corners of the world, it remains important to create a “united” front in terms of education and regulation. In particular, the education part could use some more work, as there are a lot of people still struggling with the concept of Bitcoin, aside from the monetary aspect. MIT is looking to change that by launching their Digital Currency Initiative.
