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Bitcoin Nation

Bitcoin Nation

New York State’s Bitcoin Laws Could Ruin Everything Good About Bitcoin

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Bitcoin advocates have spent the past few years trying to sell cryptocurrency to the skeptical mainstream, who tend to be scared that bitcoin is an untrustworthy mirage fit only for drug dealers and criminals. But now that there laws are in the works to help bitcoin become a part of the legit world of financial tech, activists are saying that those laws undo everything bitcoin stands to offer in the first place.

New York State’s attempt to help bitcoin go legit has been the proposal of a “BitLicense,” a license from the Department of Financial Services (DFS) for cryptocurrency businesses that would allow bitcoin startups to operate legally. The license would force companies to comply with a list of legislative demands, including keeping currency receipts, having compliance officers and telling the DFS every time a potential emergency arises. Read More

Bitcoin Nation

World’s First ‘Bitcoin Marriage’ To Be Held At Disney World This Weekend

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Bitcoin has had a history of milestones: the first pizza paid for with Bitcoin, the first house bought in Bitcoin, the first sports team sponsored in cryptocurrency — but for the first time in history, Bitcoin is about to bring two people together in crypto-anarchic matrimony.

This weekend at Walt Disney World’s Magic Kingdom, Bitnation’s David Mondrus and Joyce Bayo will have a wedding ceremony that concludes with the newlyweds recording their wedding agreement on the Blockchain via Bitcoin ATM. It’s the world’s first ever “Bitmarriage” as the Bitnation blog puts it in a post that’s the world’s first love-story/blockchain-explainer hybrid. Read More

Bitcoin Nation

You Can Now Sign Your Name Digitally Using The Same Technology as Bitcoin

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Since cryptocurrency cultists began buzzing about bitcoin years ago, they’ve hinted that bitcoin’s technology might have much bigger implications than the ability to just move around digital coins. As Bitcoin startups become fintech’s latest craze, these kinds of applications are starting to rear their head in the startup community.

Blocksign, a startup that launches this morning, is using bitcoin’s giant records database, the Blockchain, to build an entirely un-financial application. Their service lets you sign legally binding documents and agreements in the same system that keeps all records of bitcoin transactions. Read More

Bitcoin Nation

Capitol Hill Is Hosting Its First Bitcoin Demo Day Today

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Rep. Jared Polis, the “Gamer Congressman,” has been a big advocate for Bitcoin on Capitol Hill. He’s taken BTC for campaign donation, lampooned his colleagues for speaking out against Bitcoin, and invited fellow congressmen to give Bitcoin a shot. Now, he’s helping bring Washington, D.C. its first Bitcoin Startup Demo Day.

Today, a few major Bitcoin startups like Coinbase, BitPay and BitGO will set up shop in the Rayburn House Office Building to convince Washington regulators to embrace Bitcoin. They’ll be joined by major companies who have successfully integrated Bitcoin into their business models, like Expedia, who started taking payments in Bitcoin earlier this summer and have been more than happy with the results. Read More

Bitcoin Nation

NY Congressional Candidate Jeff Kurzon is Now Taking Donations in Bitcoin

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Ever since the FEC decided that it was legit for congressional campaigns to take donations in Bitcoin, a few future-forward politicians have made digital currency donations part of their platform. Now that trend is making its East Coast debut in New York City’s 7th district.

Congressional candidate Jeff Kurzon will start accepting donations to his campaign in Bitcoin this week as part of his effort to unseat Congresswoman Nydia Velázquez. Jeff Kurzon is the first New York politician to accept digital currencies for a campaign, following in the footsteps of Colorado’s Jared Polis and Texas’s Steve Stockman. Read More

Bitcoin Nation

Colorado Congressman Starts Accepting Campaign Donations in Bitcoin

(via Jeffrey Beall)

Rep. Jared Polis, “The Gamer Congressman,” said yesterday that he’s started accepting Bitcoin for his next reelection campaign.

“Bitcoin, and other digital currencies, are just beginning to show the world what a tremendous tool they can be,” Mr. Polis said in a release, “whether it is reducing transaction costs in developing nations, giving people more options for engaging in commerce, or sending Representatives dedicated to advancing personal freedom to Congress.” Read More

Bitcoin Nation

Deposit Cash at Bank of America and Get Bitcoin, Thanks to BitInstant and TrustCash

Bitcoin is the East, and BitInstant is the sun.

A partnership between Bitcoin startup BitInstant (Brooklyn-based) and Georgia-based payments processor TrustCash means users can use BitInstant to pay for their BTC in cash by making a deposit at any of five major banks including Bank of America, Chase and Citibank. The process is a bit more involved than depositing to your own bank account; you must print or download a deposit slip from TrustCash, which alerts BitInstant of balances on 30-minute intervals. BitInstant then credits the BTC to the customer’s account, minus the appropriate transaction fees. “It’s just like depositing money into a bank account, except in this case, it’s directly to your Bitcoin exchange/destination,” says a press release. Read More