1. Automatic Bill Payments Paid With Bitcoin To Be Allowed In Australia
Crypto exchange Cointree and automated billing platform Gobbill have formed a partnership to allow Australians to pay for bills using Bitcoin. The two FinTech companies have agreed that Gobbill will act as middleman by paying the bills on clients’ behalf, after taking their funds. The news was announced by Cointree on Twitter and by Gobbill through a press release. The digital assets being employed in the process are stored in Cointree’s wallet. The crypto exchange currently supports 40 cryptocurrencies, including Bitcoin, Ether, XRP, NEO and Litecoin. Clients will be able to choose the prefered cryptocurrency by linking their crypto wallets to their accounts. Despite Cointree already offering a service to pay bills with cryptocurrency, it hopes that a collaboration with Gobbill will help this kind of service grow.
2. Blockchain Discussion Group Focused On Legality, Launched In South Korea
A discussion group composed of judges, lawmakers and industry experts, has been formed in South Korea. The organisation, called the Blockchain Law Society, will discuss the legal issues faced by blockchain. The founding conference will take place on Friday, August 24th, at the Seoul Central District Court. The topics of discussion will be regulatory issues affecting blockchain and how the new technology can be applied to the legal system. The Presiding Judge of the district court in the city of Daejeon, Jung-yeop Lee, stated that the reason behind this project was the desire to “foster dialogue within the country's justice and legislative arms, as well as elsewhere in society”.
3. Bitcoin’s Volatility To 14-Month Low
The level of volatility of Bitcoin has often been a hot topic. Even people believing in the cryptocurrency’s potential felt that volatility was one of the main factors holding Bitcoin back. It has now been reported that the famous cryptocurrency is on a 14-month low in regards to its volatility. Despite altcoins dropping even more, Bitcoin remained close to $6,500. Its price has been ranging between $6,250 and $6,600 since August 14th, making six days of relative stability. On the other hand, altcoins such as Ethereum (ETH) are going through a rough patch, losing value. Yet, Tezos (XTZ) represents an exception, up 13%.
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Sources:
- https://www.ccn.com/new-partnership-enables-automatic-bill-payments-using-bitcoin-in-australia/
https://twitter.com/CointreeAus/status/1031429856934805505
- CointreeAus- https://gobbill.com/cointree/
- https://www.coindesk.com/district-judge-forms-blockchain-law-study-group-in-south-korea/
- https://cointelegraph.com/news/bitcoin-circles-6500-as-volatility-drops-to-14-month-low-altcoins-slump