Japan's Financial Services Agency...payment services law, passed in April this year, which set out operational standards for exchanges, as well as recognizing bitcoin as a form of legal tender. Japan's Financial Services Agency (FSA) will reportedly place cryptocurrency exchanges under "full surveillance" starting from next month, a news report indicates. According to the Japan Times, the increased scrutiny is aimed to ensure that the companies comply to the revised payment services law, passed in April this year, which set out operational standards for exchanges, as well as recognizing bitcoin as a form of legal tender. An FSA executive reportedly indicated the surveillance is intended both to regulate the exchanges and to ensure the healthy growth of the cryptocurrency market,...
Google ‘Accepts’ Bitcoin With Payments API Update It looks like Google has finally jumped on the Bitcoin bandwagon. In a new update to its popular Payment Request API, the tech titan added the ability to request bitcoin payments. This news came with little fanfare, just a small blip in a much larger API update from Web Fundamentals contributor Matt Gaundry. The update mainly consisted of a tutorial on how to use the new features of the update. Towards the bottom of the blog post, Gaundry explained how the API can be used: “Invalid Currency: The currency code must be three uppercase characters; passing in anything else will throw an error. ‘Payment Request’: ‘…’ is not a valid ISO 4217 currency code, should be 3 upper case letters [A-Z] You can pass in any three chara
Though Bitcoin was created eight years ago, the currency is just starting to attract largescale mainstream attention. The digital currency uses Blockchain technology for a safer and more efficient way of transacting online without the use of banks or credit cards. In an interview by PBS, Don Tapscott discusses potential uses of Blockchain technology. Tapscott is the co-author of the book entitled “Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World.” Watch the interview below: Pundits and investing professionals have called Bitcoin a bubble, since the price has increased an unbelievable 700% over the past year. While many wonder if such growth is is sustainable, Tapscott explains that the technology that powers Bitcoin is
Since bitcoin cash split from the bitcoin blockchain, miners have had a choice: which of two blockchains to mine? At play in their considerations are two factors: ideology and profitability. But while it's possible some miners are choosing bitcoin or bitcoin cash based on preference, a certain contingent seem to be following the money. How do we know? At block 481,824 yesterday, the bitcoin cash blockchain saw a notable difficulty adjustment. At the time, blocks were being found on bitcoin cash at a rate of about one 1-2 minutes, or less. As a result, the difficulty went up by 300%, the maximum allowed under the difficulty adjustment rules. Both bitcoin and bitcoin cash adjust difficulty downward every 2,016 blocks, though in the case of bitcoin cash, the length o