MIT announced today it has raised $900,000 to fund the work of three bitcoin developers. The Bitcoin Developer Fund, backed by venture capitalist Fred Wilson, LinkedIn co-founder Reid Hoffman and others is intended to give the three bitcoin coders working to resolve the block-size debate and other similar technical challenges an academic platform from which to work. MIT’s …
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A representative of Japan’s Financial Services Agency (FSA) has indicated he believes Asia should emerge as a leader in blockchain technology. The comments came as part of a keynote address at the OECD-ADBI Roundtable on Capital Markets and Financial Reform in Tokyo last week, where vice minister for international affairs Masamichi Kono addressed the subject. …
A number of news reports have alleged that Bitcoin XT users have been suffering coordinated hacking attacks. Recall that this version of the bitcoin software was released last month in order to force the network into a hard fork between the earlier Bitcoin Core software. Bitcoin XT was created by lead developers Gavin Andresen and Mike …
At the end of last month, we learnt that Chinese capital outflows during 2015 totaled $676 billion net. The data marks only the third net capital outflow since the turn of the millennium, and by far the biggest, with the other two coming in at less than $140 million net (2012,2014). The outflow comes against …