Chinese Regulators Feel the Heat from Bitcoin
The State Administration of Foreign Exchange (SAFE) continues to study and investigate a number of Bitcoin trading platforms. Chinese regulators have been taking an interest in Bitcoin for a while now. The attempts to exercise control over the country’s Bitcoin movement are getting more aggressive amidst the devaluation of the renminbi. In 2016, the Central Bank Beijing repeatedly interviewed relevant people from Bitcoin community to emphasize the government provisions on anti-money laundering, promotion and other issues. The trend continues in 2017 as the State Administration of Foreign....
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Bitcoin is a global digital currency being used by people across the world. Depending upon the level of adoption in different regions, its usage varies. How does it feel to get an overview of bitcoin usage pattern across the world? Something you can use to find the places where you can use bitcoin instead of fiat currency, no matter which country you are in? That's exactly what Coinmap is doing. Coinmap is a web based platform with bitcoin heat map. The map shows bitcoin activity across the world along with shops and establishments that accept bitcoin for payments. The heat map shows the....
The city of Vancouver could soon take a step into the future. As New York is about to take the Chinese route and cut itself from yet another industry, Vancouver considers “using an unconventional method: harnessing the heat emitted from” bitcoin mining. If signed, the contract between the Lonsdale Energy Corporation and Canadian mining operator […]
US Regulators are scrutinizing the Swift payment network in light of the recent heists which have taken place. That is not a complete surprise, as there is plenty of cause for concern. Things have gotten so dire; the US regulators have warned banks about more imminent threats to their cyber security. Ever since the various Swift breaches became public knowledge, there has been a lot of concern among financial regulators. Albeit the hackers used smaller banks to gain access to the Swift network, regulators feel the interbank protocol is no longer safe. Swift Is Not Adequately Protecting Its....
Svante Lehtinen sat down with Bitcoinist to talk about the proposed HEAT ledger. Billed as a ‘blockchain 3.0 technology,’ The project claims to improve upon current blockchain technologies by dramatically improving transaction speeds through a synthesis of proof-of-stake and proof-of-work. Lehtinen is the project leader of HEAT and an experienced entrepreneur of 20 years. He is also the founder of the 2.0 cryptocurrency, FIMK, and the COB of the nonprofit Krypto Fin ry association. Svante Lehtinen on the HEAT Ledger Project. Could you give us an overview of what HEAT is? HEAT is a....
One of the most successful baseball teams in Australia, the Perth Heat, is adopting the bitcoin standard. The team will pay players and staff in bitcoin, accept the cryptocurrency for payments, and hold bitcoin on its balance sheet.
The Perth Heat Will Operate on Bitcoin Standard
The Perth Heat, a major baseball team in the Australian Baseball League, announced Wednesday that it will “operate on bitcoin standard.”
The team, which is one of the most successful in Australia, has partnered with bitcoin payments company Opennode to accept and send bitcoin....