Posted Date: February 24, 2018
Austria Finance Minister Hartwig Löger is urging both his country and the broader European Union to treat cryptocurrencies such as bitcoin in a regulatory fashion as they do now with regard to gold and derivatives. Also read: How To Regain Control From Nanny Zuck Austria Floats Ideas About Bitcoin Regulation “The cryptocurrencies are in the process […] The post Austria Wants to Regulate Bitcoin like Gold and Derivatives appeared first on Bitcoin News.

Posted Date: February 24, 2018
The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last […] The post Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year appeared first on Bitcoin News.

Posted Date: February 24, 2018
The Ministry of Finance in Kazakhstan has announced measures to improve security and oversight in its IT department after catching four employees mining cryptocurrencies on its servers. Joking that the miners have taken over the central bank’s main duty – money emission, a deputy called for crypto regulations. The National Bank is actually working on […] The post Finance Ministry Employees Caught Mining Cryptos in Kazakhstan appeared first on Bitcoin News.

Posted Date: February 24, 2018
The Big Sky Country state of Montana keeps raking them in. For the second time this month, a mining operation is announcing its moving to the Butte area. Power Block Coin LLC is reportedly plunking down a quarter of a billion dollars to upgrade existing facilities to mine the world’s most popular cryptocurrency, bitcoin. Also […] The post Montana Scores $250 Million Bitcoin Mining Campus appeared first on Bitcoin News.

Posted Date: February 24, 2018
Over 34,000 ethereum smart contracts containing $4.4 million in ETH may be vulnerable to exploitation. That’s the conclusion reached by a quintet of researchers hailing from Singapore and the UK. Their technical report, which is currently undergoing peer review, suggests that millions of dollars in ether may be at risk from poorly coded smart contracts […] The post Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs appeared first on Bitcoin News.

Posted Date: February 24, 2018
The deputy chair of Turkey’s Nationalist Movement Party (MHP), Ahmet Kenan Tanrikulu, has written a 22-page report seeking to highlight the regulatory vacuum that presently exists in Turkey pertaining to cryptocurrencies. The report also makes a number of policy recommendations for the development of a regulatory framework for virtual currencies, including advocating that Turkey develop […] The post Turkish Minister Proposes National Cryptocurrency appeared first on Bitcoin News.

Posted Date: February 23, 2018
Mexico’s bill to regulate fintech institutions including cryptocurrency exchanges is expected to become law within “weeks,” according to local crypto exchange ISBIT. Daniel Luévano, the exchange’s director of operations, shared with news.Bitcoin.com what to expect from the new law, citing a leaked document he obtained from the recent meeting of regulators. Also read: Indians Look to […] The post Sneak Peek: Mexico’s Regulations for Crypto Exchanges Expected in ‘Weeks’ appeared first on Bitcoin News.

Posted Date: February 23, 2018
Over the past few months, quite a few bitcoin miners have been flocking to regions in North America in places such as Vancouver, and multiple states in the U.S. throughout the Midwest. Now, according to the state of Oregon’s regional press, miners are starting operations in the area because of concentrations of cheap hydropower. Also […] The post Oregon’s Cheap Hydropower Attracts a Swarm of Bitcoin Miners appeared first on Bitcoin News.

Posted Date: February 23, 2018
Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional. Also read: Indians Look to Buy Bitcoin Overseas as Regulations […] The post Maduro Asks Venezuela’s Banks to Mine and Use Cryptocurrency – Unions Outraged appeared first on Bitcoin News.

Posted Date: February 23, 2018
Alex Rass, blockchain expert and enthusiast with a history of Fintech experience gained at Prudential Financial, Bloomberg and Goldman Sachs has launched a blockchain based financial services ecosystem called MoneyToken. MoneyToken focused on cryptocurrency-backed lending, stablecoins development and crypto assets leveraging. Its innovative economic model allows you to hold onto your cryptocurrency assets and spend cash at the same time. The post PR: US Fintech Expert From Prudential Financial Launches Cryptocurrency – Backed Lending Startup Money Token appeared first on Bitcoin News.