Although there is still an ongoing concern about what is happening in the Bitcoin world, doors are flying open left and right for Bitcoin. Mexico has proposed a bill to claim bitcoin and potentially Ethereum a digital asset. this is a bit different than some other proposals as it aims to gain international trading power from it. they are not going to place additional strains on exchanges like what was done to Coinbase from Hawaii. This should hold doors open longer.
When it comes to exchanges one stands out, Bitfiniex. There has been ongoing controversy as to whether those IOU's (BFX Tokens) meant anything. Well, they have officially returned all IOU's. the company changed a few strategies internally to rapidly pull themselves out of the debt, that last years hack caused. It is not only surprising they were able to pull themselves out of debt, but honored there commitment. do you ever wonder how many other exchanges will do the same..?
There has also been some more recent developments within Japan. Bit Camera and Bitflyer have joined efforts for to determine if they can continue bringing Bitcoin mainstream. The companies intend on starting in two different locations in Tokyo. The joint effort will allow Bitcoin to be accepted as a payment at the same rate as cash up to 100,000 Yen($904) and if successful up to 260,000 stores may be able to participate by summer.
for more information check out my Youtube video, the links are included in the description.
