Bitcoin News Mash-Up: Italy to Discuss Cryptocurrencies; US Jewelers Accepting Bitcoin; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin events that took place between June 10th and 11th

Italy Lawmakers Scheduled to Discuss Cryptocurrencies
The Italy’s House of Parliament has scheduled two hearings this month about the risks, the promises and opportunities related to Bitcoin and other Cryptocurrencies. Local legislators, academics and international industry representatives of Bitcoin industry are also hoping to participate in these discussions.

Ahead of the event, parliament member Sergio Boccadutri said, “My goal is to create, for the first time, a real and rational debate about cryptocurrencies, studying all the aspects of the new phenomenon: not only the business opportunities, but also the tax implications and the controls to avoid criminal activities.”

Renowned US based Jewelry Business Chain Now Accepting Bitcoin
REEDS Jewelers, one of the largest jewelry stores in the U.S., recently started to accept Bitcoin as one of its payment methods. In addition to fine jewelry and watches, the company is offering customers the opportunity to purchase gold bullion and diamonds in exchange of cryptocurrencies.

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Alan Zimmer, REEDS president and CEO, said: “Since our founding in 1946, REEDS Jewelers has aimed for excellence in customer service and providing the latest innovations to enhance the shopping experience. REEDS was one of the first jewelers with a digital presence, launching our website in 1998, and being the first fine jeweler to accept bitcoin in all retail locations and online at REEDS.com is a natural evolution. REEDS Jewelers is pleased to be open for business with bitcoin.”

Saul Klein Has a Crush on Bitcoin
Saul Klein is known to be one of the most insightful investors of all time. And when a man, who has been part of the most successful internet startups, reveals his crush on the Bitcoin technology, the world actually hears. Saul Klein did something similar when he told CNBC about his enthusiasm for the financial services, while highlighting Bitcoin.

He said: “It’s very, very transformational. Bitcoin has its own ecosystem and is light years ahead of the other payment networks.”

To contact the assembler of the stories: Yashu Gola at yashu@forexminute.com

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