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Quebec Backtracks on Bitcoin Mining Blockade, Ready for Measured Collaboration with Miners

According to local media sources in Canada, the Quebecois government has backtracked on its decision to stop selling electricity to cryptocurrency miners. This decision comes after the moratorium on energy sales to miners that has been in place since March 2018.

The government wants to explore a more measured approach to collaborating with the mining industry. Concerns over the significant energy requirements of cryptocurrency mining operations had forced the government to suspend all cryptocurrency mining applications.

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Bitcoin Remains Top Dog In Huobi 2018 Blockchain Industry Report

A comprehensive report on the global blockchain industry’s performance was delivered by Dr. Hubery Yuan, Director of Huobi Research of Blockchain application during Blockchain Festival Vietnam on May 24, 2018. Put together by the world’s third-largest cryptocurrency exchange, Huobi, the report contained some key insights into the blockchain industry’s performance, such as data showing that the digital asset industry’s total market capitalisation rose from $17.74 billion to $559.76 billion between 2017 and 2018, a rise of about 3000% in just one year.

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How to Use Bitcoin Anonymously

Bitcoin is often regarded as an anonymous cryptocurrency because it is possible to transmit and accept bitcoins without giving anyone your personally identifying information. While this is true, the current version of the protocol is not exactly anonymous.

When Bitcoin was first introduced in 2009, its creator Satoshi Nakamoto envisioned it to be a private and secure protocol for transfer of value over the Internet. Before 2014, the general public didn’t really understand how the blockchain technology operates; there was very little information on the Internet and the limited info that was available was usually catered to developers/cryptographers who already knew a lot about the technology.

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Bitcoin will be Unaffected by Regulations in the Long Term

Nima Tabatabai, an MBA student of the Westminster Business School, London, UK, has disagreed with a recent Financial Times (FT) article that chronicled the opinions of some MBA students regarding Bitcoin and blockchain technology.

In a letter, Tabatabai expressed disappointment at apparent lack of insight shown by the responders quoted by the article. He countered most of the arguments and statements made by fellow MBA students as presented in the article.

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Beginner’s Guide to BitQuick: Complete Review

Those who prefer some privacy, yes even anonymity when buying Bitcoin should be aware of the BitQuick exchange. BitQuick is a simple peer-to-peer Bitcoin marketplace owned by the same company as the Athena Bitcoin ATM network. As you can probably guess, this company has a high regard for anonymity in cryptocurrency purchases and sales. Just like you can go to a Bitcoin ATM and anonymously buy Bitcoin, you can also go online and anonymously purchase Bitcoin through the BitQuick marketplace.

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Huawei Smartphones to Come with Pre-Installed Bitcoin Wallets

Huawei, the third-largest smartphone manufacturer in the world, is set to launch a Bitcoin wallet app for its range of smartphones. According to reports, the company is partnering with BTC.com to provide the latter’s Bitcoin wallet for Huawei smartphone users. BTC.com is a subsidiary of Bitmain Technologies, the world’s largest Bitcoin mining hardware manufacturer. This announcement is in keeping with the company’s latest foray into the world of cryptocurrency and blockchain technology. New Huawei smartphones will come as part of the pre-installed Huawei AppGallery.

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Goldman Sachs – The New Bitcoin Ambassdor

While stopping short of a full-suite cryptocurrency exchange, Goldman Sachs is to begin trading contracts linked to the price of Bitcoin with clients. Using its own money to commence operations, Goldman Sachs is the latest Wall Street powerhouse to capitulate and attempt to make sense – and profits – out of Bitcoin.

A hale and respected company that is almost synonymous with Wall Street, Goldman Sachs has satisfied itself of the merits of the venture and it appears they will enable the very first Bitcoin trading operation run by a Wall Street bank. Commentators are still abuzz over the move as, a mere few months ago and certainly a year or two ago, no self-respecting formal banking sector member would do anything but sneer at virtual currencies.

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