Issue #79
30 May - 5 June 2015
Sorry for sending out this week's newsletter late. Top news this week: NY announced the final BitLicense bill but it seems like California has got the better regulation.
Bobby
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Latest News
'Bitlicense' rules regulating bitcoin released
NY regulating cyber currency bitcoin in NY state, known as a 'bitlicense,' released Wednesday
Ecuador Mandates Bank Participation in National E-Money Initiative
The Ecuadorean government has ordered the nation's banks to comply with a new electronic money initiative within the next year.
Market
7 Bitcoin Leaders Speak Up On Bitcoin Block Size Debate
There is a wide range of different opinions on what should be done with the block size, which is why we have put together this informational list.
Chinese Exchanges Reject Gavin Andresen’s 20 MB Block Size Increase
Two of China's biggest bitcoin exchanges - BTCChina and Huobi - have voiced concerns over Bitcoin Core developer Gavin Andresen's proposal to raise the block size limit to 20 megabytes by next year.
A few results from the first intentional stress test on a communal blockchain
Tim Swanson analysed the recent stress test of how the Bitcoin network handles a large increase in transactions.
Ecosystem
Mirror Raises $8.8 Million for Bitcoin Smart Contracts Trading
Mirror has secured $8.8m in Series A financing, bringing its investment total to $12.8m.
Why Banks Are Testing Bitcoin's Blockchain (Without Bitcoin)
Incumbent banks are warming up to the technology underlying Bitcoin called 'blockchain' and are exploring ways to implement it internally.
Legal
Our thoughts on the BitLicense: California is Winning
The final version of the BitLicense is out and it has failed to address our two top concerns: an overbroad definition of virtual currency business activity and an unprecedented and discriminatory state-level anti-money laundering regime.
Tracking Bitcoin Regulation State by State
To help the public better understand what proposals are currently in play at the state level, today Coin Center is releasing a State Digital Currency Regulation Tracker.
New York BitLicense Falls Short
Innovation under threat in New York as confusing language remains.
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