Following are the major Bitcoin news of the day
BitPay, Circle Recommends LedgerX for CFTC Approval
LedgerX, a Bitcoin derivative platform awaiting approval from Commodity Futures Trading Commission (CFTC), recently received support from leading Bitcoin companies Circle and BitPay. As a part of commenting period launched by CFTC, both BitPay and Circle provided their respective reasons why a Bitcoin based Derivate Clearing Organization and Swap Execution Facility is needed in current financial landscape. You can read the full report here.
Bitcoin Foundation Launches Educational Bitcoin Program
Right before the election, the Bitcoin Foundation announced to partner with digital content campaigning company theAudience in order to educate businesses and individuals about Bitcoin. In times when merchant adoption somewhat is overpowering user adoption, it is overall impacting the Bitcoin value due to mismanaged demand-supply ratio. As people begin to understand Bitcoin, the demand will automatically boost, so does the value. You can read the full report here.
New York Councilman Suggest Bitcoin for Parking Tickets
Big Apple Councilman Mark Levine recently suggested authorities to charge Bitcoin for parking tickets fees and fines. According to him, Bitcoin makes a good “penalty money” and must be integrated into the government-based payment structure. He reportedly had also drafted a bill to make sure it happens. You can read the full report here.