Bitmain to support Bitcoin Cash

Bitcoin's biggest mining pool may support Bitcoin Cash
24 July 2017   2305

Bitmain, one of the biggest Bitcoin mining pools controlling its own hashrate while employing hundreds, suggests they may support Bitcoin Cash (BCC).

We are closely observing the “BCC” movement and do not rule out the possibility of supporting both Segwit2x and BCC.
 

Bitmain Team

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Thus, on July 22th, the Chinese digital currency exchange ViaBTC added support for the trading of a possible new fork of Bitcoin that is being called “Bitcoin Cash” (BCC). The fork is based on the idea of UAHF, which is a contingency plan first proposed by Bitmain in April to protect the Bitcoin ecosystem from the threats proposed by the BIP148 fork (aka UASF). Because it is a contingency plan, the UAHF will be implemented by Bitmain only if the UASF fork happens and poses a considerable threat on the Bitcoin ecosystem. 

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

As the company reports, The New York Agreement is a joint effort of the global Bitcoin community. As one of its signatories, Bitmain has actively supported the smooth implementation of Segwit2x and will continue to run the btc1 software on all our mining pools, namely Antpool, BTC.COM pool and ConnectBTC, in the foreseeable future, Bitmain team details. 

German Financial Regulator Clarifies Stance on ICOs

The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has clarified its position on ICOs
22 February 2018   33

German financial regulator admitted it was receiving many inquiries about the status of tokens and cryptocurrencies. According to an advisory letter, BaFin provides some basic definitions of ICOs and related terms. It is important because the results of a new survey showed that more than two-thirds of Germans know about bitcoin.

In this letter, BaFin educates the public and explains how tokens are typically generated, how blockchain works and that ICOs are used to raise funds for startup projects. The note states that for regulatory purposes, ICOs, tokens, coins, and cryptocurrencies are subject to the existing provisions in the field of securities supervision and other relevant national and EU laws.

The authority advises participants in ICOs to check and follow rules applicable to regulated financial instruments, such as securities. If businesses or individuals have any doubts about regulations, they should approach BaFin.

According to BaFin, companies should fulfill any obligations under the Banking Act and the Capital Investment Code, the Insurance Supervision Act and the Payment Services Supervision Act. The transactions may be prohibited if relevant regulatory requirements are not met.

The authority also states that legal classification of tokens requires precise examination. It will determine their status on a case-by-case basis after studying their features. The token should be transferable and tradable on cryptocurrency trading platforms in order to be classified as a security.