International Effort Brings Boost for Bitcoin in Vietnam
Despite recent negative noises from the authorities, bitcoin in Vietnam is still making gains in both in daily use and public awareness - partly thanks to the efforts of an international group to promote the digital currency. Vietnam will even host its first bitcoin conference on 23rd May, deliberately scheduled immediately after a 'traditional' bankers' conference in Hanoi that closes on the 22nd. While there are probably still less than a dozen businesses accepting bitcoin in Vietnam, one of them is Hanoi's popular Yolo Cafe, which serves as the city's 'Bitcoin Central'. It was only....
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Bitcoin continues to grow in Vietnam with last week's launch of the country's first live open-order book trading bitcoin exchange, VBTC. The new company is the result of an international merger between the operators of Vietnam's first bitcoin broker exchange BitcoinVietnam, and Israeli exchange technology startup Bit2C Ltd. Other team members hail from Germany, Singapore and the US. CEO of Bitcoin Vietnam Co. Ltd., Nguyen Tran Bao Phuong, told CoinDesk the Southeast Asian region had seen rapid grown in bitcoin infrastructure in the past months, with the Philippines probably leading the....
Vietnam's largest Bitcoin exchange, VBTC, is relaunching on BlinkTrade's Bitcoin exchange platform with an eye on Vietnam's USD $14 billion remittance market. The exchange promises one-hour international remittances to Vietnam with cash withdrawals at thousands of locations nationwide. VBTC, a project of startup Bitcoin Vietnam, is taking aim at the unbanked population and will enable users to deposit and withdraw cash from more than 9,200 locations across Vietnam. Verified users enjoy instant bitcoin deposits, which enable them to trade without keeping funds on deposit at all times at....
Bitcoin ATM operator EasyBit said today it plans to install three new bitcoin ATMs in Vietnam. The company already operates one machine in Ho Chi Minh City, the country’s largest city. At the same time, it announced a partnership with local exchange Bitcoin Vietnam to supply all four machines. EasyBit already operates over 60 bitcoin ATMs in over 10....
A newly established blockchain association aims to help Vietnam promote its digital economy and position the country on the world’s technology map. The organization looks to unite Vietnam’s experts in the field and seek cooperation with blockchain communities around the globe for the research and development of blockchain solutions.
Vietnam to Expand Implementation of Blockchain Technologies
Vietnam Blockchain Association, the first such entity in the country’s crypto space, was launched in the capital city Hanoi on Tuesday, when it held its first congress.....
Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts.
Cryptocurrency Miners Hit by The Merge, Vietnam Report Reveals
Vietnam’s crypto miners have suffered heavy losses with their mining rigs now shut off after the second-largest cryptocurrency by market capitalization switched to a more energy-efficient framework, VN Express noted in....