**Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of Bitcoin each week. **This week there were a couple of advances internationally on Bitcoin regulations, as news of the Bitcoin price surged; although no one knows for sure on why the price spiked, some speculate it has to do with Greece’s economic turmoil. Another hot topic that continues to dominate news recently are the advantages of blockchain technology, and how it and Bitcoin are reinventing financial technology (FinTech). Learn more about this, and more, in this week’s news recap.
The Canadian Senate has decided to protect Bitcoin from massive government regulation opting to approach the new technology with “a light regulatory touch – almost a hands-off approach.” After many months of thoughtful deliberations, the legislative body released the official Canadian Senate report titled “Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce.”
Bitcoin regulation looks imminent in Ukraine, with the release of its own BitLicense draft. Initial reception has been described as “surprisingly positive” by the country’s Central Bank and financial sector. Ukraine’s BitLicense draft in its current form would create a self-regulating organization (SRO) that would issue licenses to businesses dealing in cryptocurrencies.
Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the decentralized digital currency.
As Greece stumbles toward capital controls, Bitcoin is once again proving its disruptive power within the global financial system. Since 2013, the Bitcoin ecosystem has matured and it is now easier than ever to purchase and securely store bitcoins. This makes Bitcoin the ideal instrument for Greeks to use as a store of value.
— Ruta Danyte (@rutadanyte) June 16, 2015
Nicolas Cary, co-founder of Blockchain, the world´s leading Bitcoin software company, speaks to LFF about the benefits of operating out of Luxembourg, the future of virtual currency, and the innovation challenge facing retail banks.
As part of London Technology Week, an awards ceremony — The Europas — identified some of Europe’s hottest tech companies, with a panel of judges made up of venture capitalists and journalists deciding the victors. Companies were nominated across 25 different categories, including best e-commerce start-up and best entertainment start-up.
Twenty billion dollars a year – that’s how much banks could save on cross-border payments, compliance and securities trading if they used blockchain tech to move money and assets around the world, according to a report co-written by Spanish megabank Santander published last month.
Bitcoin first became widely known as a currency, but many say the technology behind it, known as the blockchain, is what really has the potential to upend the financial system as we know it. And that means that many financial services may someday use Bitcoin behind the scenes without the consumer even being aware.
Magnr has announced the world’s first savings accounts for Bitcoin. Initially the interest rate will be fixed at 2.18% per year for a promotional period of six months. The savings accounts are powered by Blockchain technology.
Open Road Films teams with MovieTickets.com and GoCoin to allow moviegoers to pay with digital currency. In an apparent first for a movie studio, Open Road Films will allow fans to use Bitcoin to purchase tickets to “Dope,” an indie comedy about a high school geek that opens June 19.
Falconwing Media is looking for 682 people to write three-sentence news summaries, embed them within images that are immune to blocking, and distribute them using social media. The news service will outcompete “oldmedia” — by writing “about civic issues relevant to the net generation” — and will “pay people well,” in Bitcoin.
Recently co-founder of Blockchain Nicolas Cary spoke at a “Human and technology” conference in Paris with other Bitcoin enthusiasts. During the talk, Cary discussed Bitcoin basics, blockchain innovations, and why Bitcoin breaks through traditional financial barriers.
Creating your first bitcoin wallet should be an exciting experience. Even if you’re not a new user, there’s plenty of fresh bitcoin knowledge to go around. Whether you’re about to create your first Blockchain Wallet, or you’ve been a long-term user, we want to ensure your experience with our wallet is an enjoyable one.
Tina Hui, CEO & Founder of Follow The Coin stopped in at Tether‘s Silicon Valley Beach headquarters in Santa Monica and got a chance to get to know the team, including Whit Jack, the 15-year old dev prodigy, working on Bitcoin and blockchain tech.
We’re very excited to announce that we’ve sponsored two educational interactive workshops, in cooperation with Bitcoin Amsterdam and Bitcoin Startups Berlin! With the first workshop in Amersfoort, and the second in Berlin, you’re welcome to come expand your knowledge of Bitcoin and block chain technology. Each workshop will focus on the technologies that make up the Bitcoin system, as well as the internal details of how the Bitcoin system works.[Art Exhibition in Poland to Exclusively Accept Bitcoin as Payment](https://www.cryptocoinsnews.com/art-exhibition-poland-exclusively-accept-bitcoin-payment/)
At an upcoming art exhibition, entitled “America’s Beauty,” artists will be accepting Bitcoin for all items on view. The exhibition will take place at the MW WW Gallery in Warsaw beginning June 17th and ending June 25th.
Inside Bitcoins Conference and Expo will be held at Chicago’s Navy Pier and will cover a diverse range of topics, including blockchain-based startups, bitcoin markets and exchanges, FinTech innovation, distributed ledgers, decentralized applications, and bitcoin for nonprofits.
With Bitcoin, there is way to conduct global and secure commerce efficiently. By design, Bitcoin is a global and secure payments network, having arguably greater reach and greater security than the legacy payments system or its myriad players.