Block Size Debate: Chinese Miners Side with Bitcoin Core

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.

Bitcoin Rising as Ruble Descends

Following the recent fall in bitcoin price, the cryptocurrency recovered losses during the last 24 hours, and returned to the last week’s indices.

The International Monetary Fund Praises Cryptocurrencies

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.

People’s Bank of China Intends to Create a Digital Currency

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 Announces Instant Transactions Service

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.

Kraken Eats Up Two American Exchanges and It’s a Big Deal

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.

Russia-based Bank to Launch a Blockchain Accelerator

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.