Plus, mining “less illegal” in China, and more!
| Hello Bitcoiner,
Did you miss this week’s top content?
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| Bitcoin miners: hoarding for the halving?
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| Every four years, the number of newly-minted bitcoins awarded to a miner for finding a block is cut in half. It currently sits at 12.5 bitcoins per block and, in about six months, that reward will drop to 6.25 bitcoins.
While these reward “halvings” happen in a predictable way, the market reaction to them is anything but predictable. Could miners be holding on to more of the coins they mine in anticipation of a potential price increase after the halving?
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| | China Mining: not legal, but less illegal
Chinese companies’ dominance of the cryptocurrency mining industry has always carried the baggage of regulatory uncertainty from the Chinese government.
With mining removed from a list of undesirable businesses in a document released by the National Development and Reform Commission, however, things may be looking up.
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| | Regulatory recognition for Bitcoin banks
While some governments have been slow to give the green light for crypto businesses, others appear to be reaching critical masses of demand and regulatory clarity.
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| | Why does Roger Ver mine BTC?
As a vocal supporter of Bitcoin Cash, Roger walks us through the economic and technical reasoning behind his decision to mine both BTC and BCH.
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| | | A crypto-commerce spike
Blockchain forensics company Chainalysis tracks cryptocurrency commerce volumes, and there’s been a significant increase in those statistics in recent months. What does it all mean?
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| | Crypto: the FBI’s “bigger and bigger” problem
The U.S. F.B.I. Director recently stated that cryptocurrencies are likely to become a “bigger and bigger” problem. Though it remains unclear why he feels this way, his statement reflects the sentiment of the highest-ranking U.S. officials.
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| | Bringing BCH to institutional investors
Dave Shin is the head of the Bitcoin.com Exchange. While many in the Bitcoin Cash community focus on merchant adoption and its use as cash, Shin intends to focus on its potential as an asset, bringing Bitcoin Cash derivatives and futures products to investors via more traditional mechanisms.
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| | | Can the UPA bridge all blockchains?
Likening themselves to protocols like TCP and IP, which helped connect the early web, the Universal Protocol Alliance intends to bring blockchains together under one network. Their Universal Protocol Token has now been listed on the Bitcoin.com Exchange!
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