Bitcoin News Mash-Up: PayPal Executive Joins BitStamp; Circle Launches Mobile Apps; and More

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Bitcoin News Mash-Up: PayPal Executive Joins BitStamp; Circle Launches Mobile Apps; and More

Following are the major Bitcoin and cryptocurrency news of the day

Former PayPal Executive Joins BitStamp
Jean-Baptiste Graftieaux, PayPal’s former Chief Compliance Officer, received a deal which he couldn’t refuse. The man revealed lately that he will now be working for one of the world’s largest cryptocurrency exchanges, BitStamp. During his tenure at PayPal, Graftieaux served the CCO and the Director of PayPal’s European, Middle Eastern and African division. Before joining PayPal, he was the CCO of online ticketing portal StubHub. Speaking to CoinDesk.com, Graftieaux said:

“I have been attracted by the culture of BitStamp and also by its people. The BitStamp employees that I have met are committed, optimistic and passionate and we share the same passion for the bitcoin ecosystem.”

Circle Launches Apps for iOS and Android
Circle launched its first iOS and Android mobile application as an extension to its smooth money transmitting services. Following the release of the app, Circle users will find it handy to send, request, deposit, and receive payments. The new apps are the exact replica of the Circle website, with proper responsive designs and speedy according to the respective mobile devices. These apps also use specific functions to improve the level of security. These functions are multifactor authentication and Touch ID (for iOS devices only).The statement from the company reads:

“We’re particularly excited about our Android release, both because of its feature completeness, and also because Android is becoming an important platform for finance on a worldwide basis. Low-cost Android phones are coming to markets like India, Indonesia, and Africa, where the vast majority of users don’t have bank accounts, and where digital currency services could become a critical new utility. While the initial release is US only, you can expect to see Circle’s apps available in more markets, languages and currencies.”

Boost VC Generates $6.6 Million in Funding
Boost VC, a California-based venture capitalist firm, recently raised $6.6 million to provide support for 200 companies over the next three years. Incidentally, half of these companies are expected to belong to the Bitcoin industry. The funding was initiated by Boost VC’s founder Adam Draper, and was later funded by his father Tim Draper, his grandfather Bill Draper, followed by Internet pioneer Marc Andreessen, software engineer Ben Davenport, and former CEO of American Online Barry Schuler, amongst many others.

UK: Treasury Asks for Advice on Bitcoin Regulation
The UK Treasury seems to be following the footsteps of NYDFS in the matter of consulting the Bitcoin community before passing any kind of cryptocurrency regulations. The British agency has thus extended invitations to the crucial members of the Bitcoin community to present their views on regulating cryptocurrency businesses within the UK. According to The Guardian, the Treasury is also consulting law enforcements, financial regulators, general public and businesses before passing any guidelines on Bitcoin. The agency’s spokesperson said:

“We’re considering the potential benefits of digital currencies to customers and the technology that underpins them, and whether we should take action to support innovation in this area. We’re also looking at the potential risks, and assessing whether action is required to address any concerns.”

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