According to Bloomberg, U.S. Treasury Secretary Steven Mnuchin said he will work with the Group of 20 nations to prevent bitcoin from becoming the new Swiss bank account.
Over on Twitter, it was pointed out that the effective transaction capacity of the Bitcoin network could be more than doubled if Blockchain and Coinbase were to optimize their backends.
According to Reuters, there has been an uproar in South Korea in response to the idea of a crackdown on cryptocurrency exchanges.
According to CoinDesk, Bitcoin Core contributor Jonas Schnelli wants more people to run Bitcoin full nodes, which is why he is trying to make them more user friendly.
According to Reuters, China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec as the Chinese government has told bitcoin miners to initialize an orderly exit from their business.
Featured image via Pixabay.
Never miss a thing and suscribe to our newsletter.
Kyle first used Bitcoin in 2011. By early 2014, researching and writing about Bitcoin had become his full-time occupation. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, he provides a daily Bitcoin news recap via a newsletter and YouTube show (audio only version available via SoundCloud), which can be found at kyletorpey.com.