One of the biggest Chinese mining farm photos

Daily life of chinese Bitcoin minners in photoshots
13 July 2017   4723
Blockchain

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

ChinaFile provided photos from big chinese cryptocurrency mining farm. Photographer Liu Xingzhe traveled to Sichuan’s Ngawa (Aba) Tibetan and Qiang Autonomous Prefecture to take these pictures. 

 
Bitcoin

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

China and whole Asia is well known in cryptocurrency community. Blockchain technologies and especially "digital money" are very popular here. 

Bitcoin mining is very popular in China because of cheap electricity and inexpensive labor.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   20

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.
 

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.