Bitcoin News Mash-Up: Venezuelans Relying on Bitcoin; New API Launched; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Venezuelan Techies Relying on Bitcoin for Dollar Purchases
Venezuela is among the only countries left, whose people are still relying on the government (or black market) to obtain hard currency. At the same time, two Venezuelan techies are playing their bets on Bitcoin to get over such a shallow handling of currency demands. They have lately decided to join the country’s first Bitcoin exchange for the same. This exchange already has accumulated more than 700 local cryptocurrency users. The Venezuelan government, which is still following the monarchial laws fruited under the rule of former President Hugo Chavez, is still unsure about tagging Bitcoin. The intellectuals, on the other hand, are taking aggressive steps to expand Bitcoin ecosystem within Venezuela.

Netagio Launches API
Netagio, the UK-based commodity exchange, recently launched its Application Programming Interface (API) whose basic functionality will include meeting institutional demands. The exchange, which also allow Bitcoin trades on its platform, will benefit its services by allowing customers to customize their Execution and Order Management Systems. They will then be able automate their programmed system using the Netagio’s exchange. The company writes:

“The API will provide brokers/dealers with easier and faster electronic market connectivity, allowing both sophisticated and professional retail customers and institutional investors to trade 24 hours a day, seven days a week.”

Brazilian Construction Company Starts Accepting Bitcoin
Tecnisa, one of the Brazil’s leading construction companies, has embraced Bitcoin as their official cryptocurrency for making payments. The company further introduced a special 5% discounts for people who uses the digital currency as their payment methods. Though, there is a certain limitation on using Bitcoin. Reportedly, Tecnisa accepts the cryptocurrency only as the first installment that too with an equivalent of up to $41,383.

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