Bitcoin News Mash-Up: Humble Canada; Impolite New York; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Canadian Senates Come in Support of Lighter Bitcoin Regulation

Canadian Standing Senate Committee recent published a report in which it asked regulators to sketch out “light touch” laws for Bitcoin industry. The report had taken months to reach conclusion, for in this period, the said community thoroughly reviewed the digital currency technology and further conducted hearings to listen Bitcoin veterans on the regulatory issue. You can read the full story here.

Another New York Bitcoin Company Announces Shutdown

After BTC Guild and ShapeShift, Eobot became the latest Bitcoin company to exit the presumably restrictive New York market. The decision came in the wake of BitLicense, the Empire State’s official Bitcoin regulatory framework that somehow never went down well inside the throats of local businesses. According to Eobot, their Bitcoin mining operations were not making enough revenues to comply with the NYDFS’s license requirements and they therefore decided to discontinue their operations in New York. You can read the full story here.

Case Wallet Raises $1.5m in Latest Seed Round

With its first batch of Bitcoin hardware wallets close to being delivered, Case Wallet Inc. has raised an additional $1.5 million in a latest seed funding round led by a number of renowned venture capitalist firms, including FuturePerfect Ventures. As Case Wallets rest against such a strong financial backing, it is hoping to expand its consumer base further among the traditional finance giants like Nasdaq, providing them with its highly innovative, biometric technology equipped Bitcoin wallets. You can read the full story here.