Bitcoin exchange CoinX is tackling the US market, state by state
The first generation of bitcoin exchanges may have been a slapdash effort. Hacks, DDoS attacks, and regulatory challenges saw many of them fall by the wayside, sometimes taking customers' bitcoins with them. But a second generation of exchanges hopes to provide a smooth, safe, and most importantly, compliant experience for customers. One of these is CoinX, a US-based exchange serving customers both at home and abroad. Megan Burton, founder of the company, explains that the founding team has invested over $1 million in the venture, which is currently in private beta. She emphasizes the....
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Crypto-currency exchange Vault of Satoshi in early March announced they would be ceasing operations in the United States due to what was described as an "increasingly hostile" regulatory environment. On Thursday, the company announced (via Reddit) they would be recommencing operations in the United States, with a small catch. Only in one state for now. They write: We've said it again and again, "America, we're coming back!", we told you we were working every day to pursue our return to the US market and that shortly we'd be announcing our roll out on a state by state basis. The first state....
A number of hearings in the Pennsylvania state legislature to look into virtual currencies such as Bitcoin and their feasibility to be included in the “money transmitters” section of state law, has been cancelled due to budgetary issues, state representative Adam Harris revealed. Republican and state representative Adam Harris has provided interesting insight into a section of Pennsylvania state law under “money transmitters.” In a series of “goals” (a public reveal of important matters of state and the society) posted on local publication Herald-Mail Media, Harris spoke about virtual....
A resolution put before state lawmakers in Utah could see the Beehive state legitimize Bitcoin as a legal payment method. H.C.R. 6, the “Concurrent Resolution on Payment Options for State Services” introduced by Republican Marc K. Roberts: “[P]roposes the creation of the Council on Payment Options for State Services to study whether and how the state could accept bitcoin as a valid form of payment.” Consideration of such a resolution at state level means Utah joins several US states taking an active stance towards Bitcoin’s role in the local economy. One of these is New York, which is in....
CoinDesk State of Bitcoin Q2 2015 from CoinDesk. CoinDesk's latest State of Bitcoin report is now live, focusing on events in the cryptocurrency world in the second quarter of 2015. This article runs through some key findings from the nearly 100 new slides found in the report. Why 'State of Bitcoin'? The Q2 2015 State of Bitcoin report marks the seventh report in CoinDesk's series. During its creation, we reflected on how much has changed since the first State of Bitcoin was released in February 2014, enough that we felt it worth revisiting the report's title. In short, why should this....
Utah State Rep. Mark K. Roberts has introduced a bill to create a Council on Payment Options for State Services with the intention of promoting bitcoin-related industries and the use bitcoin for state business. The resolution, H. C. R. 6, encourages the use of bitcoin for state business and notes that Utah could become a key player in promoting bitcoin. Roberts, a Republican from the state's 67th district, proposes that the Council on Payment Options for State Services study whether and how the state could accept bitcoin as a valid form of payment. The resolution calls for various state....