Bitcoin News Mash-Up: Isle of Man Regulations; Australia’s BTC Auction; and More


Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Australian Government Planning Its Own Silk Road Bitcoin Auction

After one of the Silk Road-related convict found guilty this month, Australian government is now planning to auction his $9.3 million worth Bitcoin amid favorable market conditions. The Melbourne based drug dealer, named Richard Pollard, was recent found guilty of selling illicit drugs between a certain span of time. In their raid last year, police had recovered around 24,518 BTC from his wallet. You can read the whole story here.

Isle of Man Close Enough to Introduce Bitcoin Regulations

Isle of Man recently announced to disclose its much awaited regulatory framework for digital currencies within a short time. It subsequently added optimism inside the Bitcoin’s business community which believes Isle of Man to be some sort of Bitcoin haven. It is because that that the nation has exempted ventures from paying a series of taxes and has illustrated itself to be more forward-thinking when it comes to boosting new technologies. You can read the whole story here.

FitCoin: Run for the Money

Austin tech company Chaotic Moon Studios recently launched FitCoin — an iOS fitness application that rewards exercisers in Bitcoin. The company also hinted to integrate its application in the working model of famous sport merchandise company Adidas. Adidas welcome such an integration, though shied away from making any official announcement.