Bitcoin News Mash-Up: MIT $100 Plan; Kraken’s New Offerings; and More

0
109

 

Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

New Survey at MIT Rewarding $100 in BTC to Students
The Bitcoin Club at Massachusetts Institute of Technology (MIT) has launched a new survey which, upon participation, rewards the undergraduate students with $100 worth of Bitcoin. Titled ‘MIT Bitcoin Project’, the survey means to study the potential ventures, ideas, and developments related to the booming cryptocurrency technology.

The survey will be completed before Sunday, November 2nd at 11:59 PM.

Kraken Reinstating USD Deposits, Adding GBP Trading
After signing a crucial partnership deal with payment solution company PayCash, Bitcoin exchange Kraken has become the latest to add GBP trading for its customers all across Europe. The deal further enabled the exchange to reinstate USD deposits on its platform. Meanwhile, Kraken USD deposit operations still remain inactive in most of the US states, while its crypto-to-crypto operations are available all across the US and European Union.

“I still see it as a compliance quagmire,” Kraken CEO Jesse Powell said. “It’s extremely difficult to operate legally in the US, and even if you had your licenses to operate, you’d still need to solve the problem of giving yourself a bank account.”

Former SEC Chairman Comes Out in Support of Bitcoin
Arthur Levitt, the former Chairman of US Securities and Exchange Commission (SEC), came out in support of Bitcoin, right after the organization sent inquire letters to over 100 Bitcoin companies in order to know about their unregistered securities offering. In the meantime, news also broke out that Levitt is joining payment processor BitPay and exchange Vaurum, as their official adviser. With a name such as Arthur Levitt associating with the cryptocurrency industry, the latter’s way seems more open towards more user and merchant adoption.

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