Welcome to our weekly Bitcoin news recap, where we cover top headlines and stories in the world of Bitcoin each week. This week Nasdaq had some exciting news announcing how they will be using Bitcoin and block chain tech in the near future. We also saw some big names such as Reid Hoffman, Peter Diamandis, and Brad Templeton speak on how revolutionary Bitcoin and the block chain are. There are also a couple of great YouTube videos to watch, all in this week’s news below.
Nasdaq announced plans to leverage block chain technology as part of an enterprise-wide initiative. In its first application expected later this year, Nasdaq will launch block chain-enabled digital ledger technology that will be used to expand and enhance the equity management capabilities offered by its Nasdaq Private Market platform.
Nasdaq has catapulted bitcoin into the headlines, announcing that the world’s second largest exchange will be running a surprisingly forward-thinking pilot program: trading stock shares on a block chain. Nasdaq’s platform will trade shares by trading bitcoins. This is not block chain technology standing alone, this is Bitcoin being used by Wall Street.[Reid Hoffman: Why the block chain matters](http://www.wired.co.uk/magazine/archive/2015/06/features/bitcoin-reid-hoffman/viewall)
“Perhaps surprisingly, when one of the very smart people I know in Silicon Valley recently told me he’s a major “Bitcoin sceptic” who has not yet seen “many real use cases” for the technology, I considered it a good sign,” said Reid Hoffman. Greylock investor and Uber-connector Reid Hoffman tells Wired why he sees Bitcoin as the future of currency.
Renowned futurist Peter Diamandis, the author of “Abundance – the Future is Better Than You Think” and “Bold – How to Go Big, Create Wealth and Impact the World,” has written a thoughtful post on Singularity HUB with 8 predictions for the next ten years. He is persuaded that we’ll see extraordinary transformation in the next decade and that block chain technology will be one of the enablers.
For Brad Templeton, the founder and architect of the first-ever entirely web-based business, ClariNet, Bitcoin and other virtual currencies are significant in that they take some aspects of finance that were formerly in the hands of professionals and unlock them for the public at large.
Honduras, one of the poorest countries in the Americas, has agreed to use a Texas-based company to build a permanent and secure land title record system using the underlying technology behind bitcoin, a company official said late Thursday.
The Philippines has the world’s third largest remittance market just behind India and China, with overseas remittances reaching more than $25.1 billion in 2013. But due to the country’s poor banking systems and expensive remittance services, overseas Filipino workers and the local workers working far from their provinces have always searched for alternative systems for transferring cash.
Ian Lee, Senior Vice President, Citi Ventures, talks at the Haas School of Business about Bitcoin and the block chain, and how these technologies are changing the world.
ChangeTip, which calls itself a “money layer for social media,” announced a SoundCloud tipping feature that it created through SoundCloud’s public API. The company’s prime vehicle is a button, embeddable onto web sites via the Tip.Me widget, that allows content producers (be it news outlets large and small, bloggers, musicians) to accept tips.
Secretive bitcoin startup 21 Inc has performed tests illustrating how its technology could enable machine-to-machine bitcoin transactions as part of a company overview created during the fundraising of its $75m Series C.
It is one of the great mysteries of the digital age. A legend has emerged from a jumble of facts: Someone using the name Satoshi Nakamoto released the software for Bitcoin in early 2009 and communicated with the nascent currency’s users via email — but never by phone or in person. Then, in 2011, just as the technology began to attract wider attention, the emails stopped. Suddenly, Satoshi was gone, but the stories grew larger.
CoinTelegraph spoke with Blockchain’s security researcher Kristov Atlas to get his opinion on the matter. Kristov is aware of the battles faced within crypto scene. He has his own blog and he has written a book about Bitcoin privacy and security called Anonymous Bitcoin.
Through a partnership with Bitcoin merchant payment processor GoCoin, the U.S.-based gambling website DerbyJackpot.com will now accept Bitcoin for betting on horse races around the country. DerbyJackpot.com becomes the first U.S.-regulated gambling site to accept the digital currency.
A regional Russian court has overturned a decision that restricted seven bitcoin websites from public access in January. Russian-language bitcoin news blog BTCsec reported that a city court in Nevyansk had acted improperly by blocking the websites. As a result of the decision, educational and commercial websites including Bitcoin.org, Coinspot.ru and Indacoin.com will now be publicly accessible once again.
The superintendent of the New York Department of Financial Services (NYDFS), Benjamin Lawsky, is expected to issue a new regulation called BitLicense. Because the NYDFS is the bellwether for financial regulation, the rules it creates, good or bad, could be replicated by the majority of states in America. If replicated, Bitcoin companies will face substantial regulatory burdens and only a handful of the most well-funded companies will survive— not because of the best product or service, but because they have access to the most money.
BitGive, founded in 2013, partners with nonprofits in the public health and environmental sectors and solicits charitable donations from Bitcoin believers.
A curious user recently asked members of the Bitcoin subreddit how they spend their bitcoins on an everyday basis. Because Reddit is a global community, it’s likely that their responses are reflective of overall patterns. Here’s how the bits are flowing.