Bitcoin-Only Shop launched in New Hampshire

The first cryptocurrency-only and retail trade establishment in the US, the Free State Bitcoin Shoppe has been founded in New Hampshire
06 April 2018   634

The incorporators of the shop are Derrick J. Freeman and Steven Zeiler. They have explained that the visitors of the store can pay for commodities with cryptocurrencies like bitcoin. In a case they don’t have cryptocurrency, the salesman helps them download and finance their first wallet. They check using an Ipad in a Square stand processing New Hampshire-based free point-of-sale software Anypay.

Portsmouth of New Hampshire hasn’t been broadly known as a hotbed of crypto activity. It just may be, and it probably has anything to do with the Free State Project (FSP). Jason Sorens, Yale doctoral student wrote in general about a secessionist movement of the most personal sort. It led evolving into asking 20,000 freedom-loving people to create a political force in the state of New Hampshire, the “Live Free or Die” state.

A large portion of the people who moved to New Hampshire in search of freedom are bitcoin users. Cryptocurrencies affords us the opportunity to not just withdraw our support for values we detest, but to actively support coins whose communities actively embrace certain values we share. It’s amazing, and anyone not yet benefiting from participation in these communities is missing out. 

Derrick J. Freeman, founder, Free State Bitcoin Shoppe.
 

Being an activist and content maker in the liberty world, Mr. Freeman gained a tip in bitcoin after visiting a popular radio program, Free Talk Live.

I liked that this new kind of money was being circulated among my friends. I liked that it afforded me the opportunity to use a money that wasn’t created and controlled by the Federal Reserve. I like that it empowers people like me to opt for a more peaceful world by withdrawing support for empire-building and endless wars. 

Derrick J. Freeman, founder, Free State Bitcoin Shoppe.

Launched the last year Summer, the Free State Bitcoin Shoppe is open seven days a week. Although it’s obviously a profit-making enterprise, Mr. Freeman notes it also begs as an educational platform.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   134

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.