Welcome to our weekly recap of top bitcoin and fintech news. This week we saw bitcoin get launched into space, put on the auction block and deliver discounts for Amazon customers in India. For details on this and more, read on.
Bitcoin innovations now include space travel
Genesis Mining recently sent a 3D printed bitcoin into space in an effort to raise awareness of the cryptocurrency. CEO Marco Streng said about the venture, “while we knew that sending it to the moon may prove difficult in the short term, near space was a pretty great achievement for cryptocurrency so we decided to pursue the project.”
Here on Earth, in a new ruling tied to a JPMorgan hack, Manhattan U.S. District Judge Alison Nathan declared that bitcoin qualifies as money. “Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as pecuniary resources and are used as a medium of exchange and a means of payment,” she said.
From extraordinary space travel feats to humanitarian apps, a diverse range of aspirations continue to drive bitcoin innovation. An example of the latter is Unsung which focuses on providing food to those in need and rewards users for their contribution with bitcoin. Behind the app is well-known homeless outreach activist and Sean’s Outpost Founder, Jason King.
Discovering the value of bitcoin
Gemini, the digital currency exchange founded by the Winklevoss Twins, has launched a daily auction aimed at helping bitcoin price discovery. The new feature will concentrate liquidity into a short window of time to produce an official end-of-day price.
According to BraveNewCoin, that price will be volatile in the near future thanks to a number of factors including post-Bitfinex hack recovery and the potential implementation of Segregated Witness. Keep track of the price movement and see how the predicted volatility plays out via our bitcoin markets page.
Meet India’s growing bitcoin community
Learn about the lives of 7 bitcoin enthusiasts from India, who tell their stories in this article from the Hindustan Times. From Monisha, a mother who initially learned about bitcoin from her son to Sandeep, Co-Founder and COO of Zebpay, an app that aims to be the easiest and fastest way to buy and sell bitcoin in India. The South Asian country is home to almost 1 million bitcoin enthusiasts. That number is likely to rise, as online accessibility in the region surpassed the United States to become the second largest Internet market, behind China.
And more exciting news for India, bitcoin startup Purse.io has joined forces with Unocoin, an India-based exchange, to bring users discounts when they buy from major e-commerce retailer, Amazon. Unocoin users will now be able to secure 15% and 22% discounts at Amazon using Purse’s “Name Your Discount” program.
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