Bitcoin News Mash-Up: BitSpark Sparks; Bitcoin’s Critic; and More

0
19

Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

BitSpark Selected for Accenture’s FinTech Innovation Program

Hong Kong remittence platform BitSpark has been selected to join the Accenture’s FinTech Innovation Lab Asia Pacific 2015. The program, created by world renowned technology and consulting company Accenture, is aimed at inviting the best financial technology startups to be incubated by world’s leading financial institutions. BitSpark is the only Bitcoin based company to have been selected for the program. You can read the full report here.

Paul Krugman Criticizes Bitcoin Once Again

Nobel award winning economic Paul Krugman recently criticized Bitcoin for being “not so good”. He said the digital currency’s legitimacy can only be judged if the governments start taking it as a form of tax payments. Bitcoin really looks like a bubble in multiple senses. Its a technically sweet solution to a problem, but it is not clear that the problem is one that has much economical relevance, he added. You can read the full report here.

Bitcoin Advocacy Groups Surprisingly Criticizes New Californian Bill

While a majority of the Bitcoin community and advocacy groups have praised Californian regulators to present a friendly Bitcoin bill, Electronic Frontier Foundation (EFF) and Copia Institute think differently. According to these two Bitcoin advocacy groups, the newly amended Californian bill threatens the growth of digital currency industry and must be banished. You can read the full report here.