Maker of First Bitcoin Mining ASIC Acquired in What Could Be Industry’s Largest Sale
The China-based company behind the first bitcoin mining ASIC has been acquired, though the exact details of the sale vary. Canaan Creative, the company that produces the Avalon chip series, confirmed its acquisition by Shandong Luyitong Intelligent Electric PLC today . Shandong Luyitong is an electronics firm founded in 2003, and that is publicly listed on the… (0 comment)

Bitcoin Exchanges Could Face New Regulations in the Philippines
The central bank of the Philippines is looking to expand oversight of the country’s financial system following an embarrassing hack on the SWIFT international transfer system – a move that may ultimately result in new rules for domestic bitcoin services. According to Reuters, officials for the Bangko Sentral ng Pilipinas are mulling whether to apply… (0 comment)

French Presidential Hopeful Calls for Bitcoin Ban
The head of a major far-right political party in France has called for ending the use of bitcoin and other digital currencies in the European country. In a note published last last month, Marine Le Pen, leader of the National Front and its expected candidate in the 2017 French presidential election, accused world leaders of… (0 comment)

Bitcoin Developers Meet in Zürich for High-Stakes Code Review
A group of contributors to the open-source Bitcoin Core development project met late last month in Switzerland for a sit-down review of the code for Segregated Witness, a proposal aimed at scaling the bitcoin network. The gathering in Zürich drew about 20 Core developers, and comes at a time when there remainsdeep divisions in the… (0 comment)