Following are the major Bitcoin news of the day
Bank of New York Mellon Experimenting with Bitcoin Technology
The Bank of New York Mellon, a multinational banking and finance company, is reportedly experimenting with the Bitcoin technology, thereby becoming the second major bank after UBS to do so. The reason why these banks are gradually understanding as a viable payment network is due to its ability to ease off transaction costs and save users a lot of money. You can read the full report here.
Former Nike Official Joins Bitcoin Company
Anthony Watson, who was CIO of Nike from April to December 2014, recently joined BitReserve, a Bitcoin exchange and remittance service, as their new President and COO. Speaking to Fortune, Watson displayed his enthusiasm towards jumping on the Bitcoin bandwagon after a brief tenures at traditional markets. “I was itching to make an impact,” he told media. “I wanted to do something that is valuable for people broadly, not just in one industry.” You can read the full report here.
Undercover Agents Busts Rookie Buying Gun with Bitcoin
A man in Hyannis, Massachusetts, was recently arrested while trying to buy a firearm from an underground website. Incidentally, the accused was using Bitcoin to buy the weapon, as per reported by the office of US Attorney Carmen Ortiz. Justin. Moreira, who had been convicted of possession for sale of controlled substances in 2014, was now charged with possession of a firearm and could face a maximum penalty of 10 years imprisonment plus a fine of US $ 250,000.