Bitcoin News Mash-Up: Facebook’s Active Role; New ATMs Installed; Massachusetts’s Regulations; and More

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Bitcoin News

The following are the major Bitcoin events that took place between May 26th and May 27th

QuickCoin Hoping to Use Facebook for Transacting Bitcoins
QuickCoin, a Bitcoin startup based in San Francisco, has launched an online “social portfolio” in order to expand Bitcoin’s reach to masses. The company is planning to design an interface that can be integrated with Facebook to send and receive bitcoins.

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“If average people are going to adopt bitcoin, they have to be able to use it without even really knowing they are using bitcoin, or feeling like they are subjected to a complicated process,” said the QuickCoin co-founder Marshall Hayner while explaining their plans of eradicating complexities in Bitcoin transaction procedures.

UK: SatoshiPoint to Unveil Three Bitcoin ATMs in UK
British startup SatoshiPoint is poised to become the company with the maximum number of ATMs in the UK. The company is soon to launch two new Bitcoin ATMs in London, while one more machine will be installed in Bristol, South West England. These ATMs will be two way, which mean they will offer users with services to fiat-to-coin and coin-to-fiat exchanging services.

Massachusetts Authorities Looking for Best Methods to Regulate Bitcoin
State officials in Massachusetts, USA, are trying to create an idea regulatory framework for Bitcoin, reported News BTC. David Cotney, Commissioner of the Division of Banks, said: “We will be trying to come up with a model law or regulations states can use. This has gotten a lot of attention, and we want to make sure when we act, we get it right.”

New Denmark Exchange Launched with a Bang
Recently, another cryptocurrency exchange, named CCEDK, was launched, but with a style. According to the reports, the new Denmark exchange brought along 1000 BTC to trade, indeed making a grand entry inside the cryptocurrency circle. The exchange also ensured its potential customers to promote “transparency and the new way of doing business.”

“Our strongest selling point will be that clients will know where we are, that the jurisdiction Is Danish, and that there’s complete transparency,” said its founder Ronny Boesing in a conversation with Business Week. “We link to our lawyer on our website in case anyone feels they need one.”

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

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