New York’s bid to become the first state with a dedicated regulatory regime for the digital currency industry took a step forward this week when the New York State Department of Financial Services (NYDFS) published an updated draft of its BitLicense proposal. While only released on 4th February, the digital currency industry is already beginning […]
VICE Tours a Bitcoin Mine in China
A detailed exploration of a bitcoin mine in Dalian, a major city in the north-east of mainland China, has been published by VICE’s technology title Motherboard. The facility is called the No. 1 Bitcoin Mine. It contains 3,000 miners and costs $80,000 a month for 1,250 kW of electricity to keep them running, according to the film. It’s located in the Changcheng area, […]
Comparison Site Seeks to Boost Bitcoin Remittances in Latin America
A new price comparison site hopes to boost bitcoin remittances in Latin America by placing traditional and digital currency-based services side by side. Mondome, which has already partnered with exchanges such as Bitso, MexBT and Ripio, has been designed to let people understand bitcoin’s benefits by letting them to compare it with other existing payment methods. Pelle Braendgaard, co-founder at Mondome, […]
Bitcoin’s Best Insurance Option May Be a Hybrid Policy
BUSINESS INSURANCE (March 2, 2014, NEW YORK). According to this article, the best approach to insuring Bitcoin risk may be a hybrid policy that incorporates several elements, including cyber, fiduciary, crime, property and errors and omissions coverage according to several sources within the insurance industry including Ty Sagalow, President, Innovation Insurance Group, LLC. “Product development […]
