Europol Finds No Evidence Linking Bitcoin to Islamic StateAccording to a recent report by Europol, the EU top law enforcement agency, there is no evidence to back allegations concerning possible usage of bitcoin or other cryptocurrencies by the Islamic State terrorists to fund their activities. “There is no evidence however of IS-financing networks in existence. Despite third party reporting suggesting the use of […]
Russia: Former Minister for Finance and Sberbank Chairman Speak about Blockchain’s PotentialDuring the business lunch at Sberbank of Russia, the bank’s chairman German Gref and former minister for finance of Russia Alexei Kudrin shared their vision of blockchain’s potential in Russia. In particular, they described the way the technology could possibly alter the country’s public management. According to Interfax Russia, Alexei Kudrin said: “Basing on what […]
Russia Allegedly Blocks Access to Yet Another Bitcoin ExchangeFollowing the self-inflicted ban of Bitstamp, Russia-based users cannot access one of the biggest bitcoin exchanges, BTC-e. Notably, the block did not cover all regions of the country as yet. The screenshots provided hereunder show what Moscow-based users may see when attempting to access the website. However, we managed to access both sites from other […]
Block Size Debate: Chinese Miners Side with Bitcoin CoreChina-based F2Pool, the world’s second largest miner in terms of capacity, confirmed it rejected the original idea of supporting Bitcoin Classic as a possible solution for block size scaling, and stuck with Bitcoin Core. The same decision was made by another Chinese miner HaoBTC. Its spokespersons state Chinese miners mostly side with Bitcoin Core. The […]
Bitcoin Rising as Ruble DescendsFollowing the recent fall in bitcoin price, the cryptocurrency recovered losses during the last 24 hours, and returned to the last week’s indices.
The Chinese Government Advises to Keep Away from Mavrodi’s MMMAccording to Chinese online publication Caixin, the government of China advised citizens to avoid an alleged Ponzi scheme led by renowned Russian fraudster Sergei Mavrodi, which has become immensely popular in China.
The International Monetary Fund Praises CryptocurrenciesThe International Monetary Fund issued a report praising the benefits of virtual currencies, and stating they are here to stay. The statement comes in contrast with the scandalous statements by Mike Hearn, which earlier claimed bitcoin failed. In a statement accompanying the report, the Managing Director of IMF Christine Lagarde said: “Virtual currencies and their […]
People’s Bank of China Intends to Create a Digital CurrencySpeaking at digital currency seminar in Beijing, representatives for People’s Bank of China stated the banks had plans for creating its own digital currency. The spokespersons for the Chinese regulator said they would attempt to launch their own digital currency project “as soon as possible”. According to the official report posted on PBC’s website, the […]