Bitcoin News Mash-Up: Bitcoin in Regulated Exchange; Russian Bitcoin Companies Misplaced; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

TeraExchange Makes Its First Bitcoin Trade on a Regulated Platform
TeraExchange announced recently about them implementing their first Bitcoin derivative trade on a regulated exchange platform. As per the available reports, the trade was implemented between a hedging counterparty and digitalBTC. The co-founder and the CEO of TeraExchange, Mr. Christian Martin said:

“There is significant, growing demand for a hedging instrument like this. Not only does the swap provide a much-needed risk management tool but it instills confidence and credibility to the entire Bitcoin community at a vital time in the market’s development.”

Russian Bitcoin Companies Planning to Move Offshore
On August 1, the Russian Ministry of Finance proposed a bill to prohibit the use of “substitute money”, while keeping the clear focus on cryptocurrency. Last week, the bill was finally passed by the bench of lawmakers, which subsequently banned the creation and circulation of Bitcoin, and any kind of digital currency. In the wake of such pessimistic events, the Russian Bitcoin companies are planning to move their businesses offshore. Surprisingly, it is not the company but its customers who have favored the option of moving Bitcoin workstations away from Russia.

Free Online Bitcoin Course to be Available at Draper University
Draper University of Heroes, a business school functioning under the supervision of famous investor Tim Draper, recently issued a statement that elaborated their plans to launch free Bitcoin courses online. This course will be conducted through an agreement between the business school and Bitcoin social network ZapChain. It is ideal for people having no prior knowledge of cryptocurrency technology, but would like to educate themselves with one.

“The largest problem in the Bitcoin adoption world right now is education and this is the best Bitcoin education course online,” Boost CEO Adam Draper said. “It answers all the questions by giving access to the experts in the Bitcoin space; no one else has done this in a quality way.”

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com