China-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.
Following the recent fall in bitcoin price, the cryptocurrency recovered losses during the last 24 hours, and returned to the last week’s indices.
According 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 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.
Speaking 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.
BitGo announced lauching a new service, which would allow the company’s customers to accept bitcoin transactions prior to their official confirmation on the blockchain.
San Francisco-based cryptocurrency exchange has announced it acquired another American exchange, Coinsetter. This includes Canadian Cavirtex in the deal as well, as it had been acquired by Coinsetter in April 2015. Kraken has also announced it enters into partnership with US-based financial startup SynapsePay, which claims it facilitates interbank money.
According to an article posted by Bankir.ru, Tatfondband creates a fintech lab in Kazan (Tatarstan, Russia) in cooperation with venture investment fund Life.SREDA. The companies expect the companies selected for acceleration will engage in development of blockchain-related services.