Bitcoin News Mash-Up: Venezuela First Bitcoin Exchange; Overstock Global Plans; and More


Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

SurBitcoin Becomes the First Bitcoin Exchange of Venezuela
Following its announcement to be commenced on August 15th this year, SurBitcoin became the first ever Bitcoin exchange of Venezuela. According to PanamPost, New York-based siblings Kevin and Victor Charles inked an agreement with Brazilian entrepreneur and software developer Rodrigo Souza to ensure the scheduled launch. Souza is the co-founder of open source Bitcoin trading platform Blink Trade which allows people to create their own cryptocurrency exchange for a fee of 0.6% per transaction. SurBitcoin is also using Souza’s brainchild as its launching pad.

Overstock Opens Doors for Global Bitcoin Customers
After tasting the fruits of success inside the US Bitcoin markets, Overstock announced to stretch its wings over the whole world by planning to offer international Bitcoin payment services. According to a report by the New York Times, the renowned American retail company will make it possible for global customers to pay in Bitcoins. Patrick Byrne, the CEO of Overstock, said during the announcement:

“I know that’s it’s become part of the Bitcoin lore in the United States to shop on Overstock… My hope is that would happen at a global level.”

Pro-Bitcoin Lobby Propose Reforms in BitLicense
The Chamber of Digital Commerce, a group known for lobbying cryptocurrency related demands, took its blog to criticize the NYDFS proposed regulations on using Bitcoin and other altcoins. The group further suggested few reforms related to BitLicense which, according to them, is complexly misused by the regulatory body. One of the major reforms proposed was exempting small Bitcoin businesses.

To contact the assembler of the stories: Yashu Gola at

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