Welcome to the first NewsBTC Weekly Bitcoin Recap, where we highlight our top stories of the week. Let’s take a look at the biggest headlines for the week of January 18 – 24, 2015.
1. ChangeTip Comes to Facebook – as reported on January 18th.
According to newly appointed vice-president for product Dan Held, adding Facebook has been on the company’s to-do list for quite some time. Held states,
“With over 1 billion users, enabling this on Facebook opens up a unique way to bring new people into bitcoin… Facebook is the biggest social media network, so it was a top priority for us.”
2. Bitfinex Adds Tether to its Exchange Platform – as reported on January 19th.
US-based digital currency exchange Bitfinex is integrating Tether into its system. Tether claims to be the first real-world currency platform built on the bitcoin blockchain. The currency is allowing Bitfinex users to fund and withdraw money from US accounts without the aid of traditional banking institutions.
A spokesman for the exchange commented,
“We see Tether as a significant optimization for the problems that plague Bitcoin traders and exchanges when interfacing with the traditional banking system… We proudly support Tether and encourage other exchanges, OTC traders, and arbitrageurs to also use Tether. We believe that widespread adoption of a secure Blockchain-compatible ‘crypto-dollar’ will lead to better price discovery, market transparency and liquidity.”
3. Bitcoin-Powered App makes decentralised crowdfunding a reality – as reported on January 20th.
An application called Lighthouse allows it’s users to support or start crowdfunding campaigns for their projects in a similar manner websites like Indiegogo or Kickstarter do. But it’s using bitcoin and funding is done in a decentralised and peer to peer fashion! The app was launched recently and it’s now publicly available for download.
4. Winklevoss’ Announce NASDAQ Listed Bitcoin Exchange – Gemini – as reported on January 23rd.
The Winklevoss twins will be creating the first regulated bitcoin exchange for American customers – referred to by the digital currency enthusiasts as the NASDAQ of bitcoins.
Financed purely in-house, the twins expect that a regulated exchange such as the one they aim to create will help strengthen US consumer confidence as far as the potential of digital currencies are concerned. Tyler Winklevoss had this to say:
“Right now we have to build the infrastructure… You have to walk before you run. This time around we are betting on ourselves.”
Image from Flickr