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Category Archives: Bitcoin

Bitcoin: What India Can Learn From China

Nov 24, 2016

Olusegun Ogundeji

Particularly at this crucial point in the country’s process of demonetization which has caused the citizens to seek alternative methods of handling their money issues, there have been suggestions that India could learn from China in matters related to both blockchain and bitcoin as they get more...

SegWit Gain 20% of Hashing Rate after BTCC Flag Support

Nov 23, 2016

Red Li

On a statement released on 18th Nov, BTCC announced full support of SegWit, which resulted in a spike on SegWit adoption: The last 2k block segwit activation graph. Source: bitcoincore.org The bitcoin core adoption page shows the 22 entities are SegWit ready and 42 more on the l...

PBOC aims to develop digital currency

Nov 16, 2016

8BTCNews

China's central bank is recruiting blockchain experts to step up efforts to develop an official digital currency. The People's Bank of China's institute of printing science is offering six positions for the design and development of digital currency-related software and hardware framework, a...

Chinese Investors Turn to Bitcoin Amid Yuan Depreciation

Nov 8, 2016

DianaNgo

The continuous devaluation of the Yuan has increased demand for bitcoin and new asset classes in China. Today, the country counts some 2 million bitcoin users; among them, 80 percent are speculating for short-term profit and about 14 percent are holding long-term, recognizing the value of the di...

OKLink Launches Blockchain Remittance Network in Korea

Nov 7, 2016

8BTCNews

In October 2015 Bitcoin Magazine covered the launch of OKLink , an open digital wallet created by Chinese Bitcoin exchange OKCoin, designed to allow national and digital currencies to instantly transact across borders and currencies, with no fees. "We can hide Bitcoin technology i...

China Sacks Finance Minister Amid Bitcoin Regulation Rumors

Nov 7, 2016

8BTCNews

Big changes are coming the China’s financial ecosystem. A top official has been removed from his seat of power effective immediately. Interestingly enough, the finance minister was an active proponent of economic reforms in the country. China has been suffering from mounting debt, and addressi...

Bitcoin scaling solution, Segwit, released

Oct 29, 2016

8BTCNews

A new version of Bitcoin’s Core code was released on Thursday, Bitcoin version 0.13.1 Final. The contentious alternative contains a patch known as Segregated Witness (Segwit). Although the code for Segwit was completed in April, by Blockstream developer Pieter Wuille Ph.D.,...