Laissez Faire (LZF) offers a new digital currency to Fiat exchange platform run by professionals. It aims to provide a secure trading environment working within the US legal standards. LZF becomes the first digital currency exchange to legally launch its services across 49 states by complying with the financial regulations of each state. The exchange decided to stay out of New York as a way of protesting against the BitLicence regulations proposal. LZF has been trying to comply with all the demanded licenses and regulations of all states except New York, where the BitLicense is seen as a burden and an impediment to innovation. LZF will be annually investing around $30,000 to maintain their fiat markets and to keep the platform in full compliance with U.S….
California Legislative Assembly has ordered to inactive a Bitcoin bill proposal at the request of state senator Holly Mitchell. The Bill AB-1326 was introduced by Assemblyman Matt Dababneh in February 2015. Soon upon the release of its first draft, the Californian Bitcoin bill drew plenty of opposition for a number of reasons. Several Bitcoin advocacy groups, including Electronic Frontier Foundation (EFF), BTC Foundations and Copia Institute, criticized the bill for impeding the growth of young Bitcoin startups. Responding to the growing criticism, Assemblyman Dababneh introduced some amendments into the Bitcoin bill. For instance: the lawmaker revealed that the amended bill has allowed virtual currency businesses with valuation lower than $1m to register with a…
An exchange that simplified interchangeability between multiple cryptocurrencies has received $1.6 million in new funding. Dubbed as ShapeShift.io, the reputed and renowned cryptocurrency converter offers more than 35 altcoins, including the likes of Bitcoin, Litecoin, Dogecoin, Dash, Ripple, Clams, NuBits and many others. The exchange comes handy for users who wish to instantly hedge their primary cryptocurrency funds into some other altcoin, for various purposes. For instance: NuBits is one of the only cryptocurrencies whose value is pegged to the dollar. In simple words, it is considered more stable than its 400 other counterparts. During the Bitcoin’s volatile times, a user might decided to hedge his funds into NuBits as a part of his risk management…
According to one of the Juniper Research’s reports, Bitcoin cryptocurrency ecosystem will have nearly 5 million active users by 2019; chiefs of some of the world’s leading finance organizations, including Nasdaq and Westpac, believe Bitcoin technology will be a major disruptor for the traditional banking sector; the first quarter of 2015 reported a 51% increase in investments made into the Bitcoin sector. Through a few examples quoted above, it becomes evident that Bitcoin, after all, is gaining traction into the mainstream business circles. From stock firms to a simple t-shirt seller, everybody is getting involved in this new disruptive payment technology. In this article, our focus, however, is one such industry that has made Bitcoin popular among international…
A very interesting trend that has emerged within the forex industry is the increasing popularity of Bitcoin among the brokers. If we look back at times when the digital currency was struggling to impress potential adapters, and compare it with its current progressions, we would definitely notice contradictions between both. Speaking specifically in terms of forex trading, Bitcoin adaption has truly rocketed. This article is intended to explain how a digital asset could possibly revolutionize the forex brokerage sector. What is Bitcoin? Bitcoin can be defined as an online digital asset that possess the quality of being a commodity, as well as a currency. It is because of its underlying functionary that allows people to store it as a form of investment (like Gold),…
A bitcoin price rally has taken place recently after a brief test of the $200 support level. Some market analysts attribute this to the return in risk appetite, caused mostly by the pickup in commodities and oil prices, but others believe that there have been other factors in play. Bitcoin is typically considered a high-risk investment, along with other riskier holdings such as equities and commodity currencies. Prior to the bitcoin price rally in the past few days, the cryptocurrency had been heavily weighed down by speculations of a sharp downturn in China and the prospect of another global inflation slump. Sustainable Bitcoin Price Gains? In an article on Benzinga, staff writer Deepak Bharadwaz pointed out that Barclays’ recent announcement on accepting…