This week in Bitcoin – Aug 26th, 2019


Hi, I’m Nate Martin from 99Bitcoins.com and here’s what happened
this week in Bitcoin. Online retailer, Rakuten, often described as the
Amazon of Japan, announced the launch of its new crypto exchange app, Rakuten Wallet. Initially, supported cryptos are
Bitcoin, Ethereum, and Bitcoin Cash. The app is available for Android,
with iOS coming next month. Major crypto derivatives exchange, BitMEX,
has barred users from Hong Kong, as well as Bermuda and the Seychelles. BitMEX took the action for compliance reasons, as it has staff and offices in those locations. BitMEX noted that closing trading in those
jurisdictions is part of a wider effort to bring transparency to the crypto
space as it becomes more regulated. Cryptocurrency exchange and custodian
Gemini, announced they’re expanding their business to Australia. Australians can now download the Gemini
Mobile App and use it to buy, sell, and store cryptocurrencies such as Bitcoin,
Bitcoin Cash, Ether, Zcash, and Litecoin. It was reported that several operators
at a nuclear power station in Ukraine were arrested by the country’s secret service
for mining crypto with the plant’s electricity. The miners compromised the plant’s
network which leaked details of the physical security systems. GPUs and other mining equipment
were confiscated from the facility. And finally, in a bombshell speech at the central
banker’s conference held in the United States at Jackson Hole, Wyoming, the Governor
of the Bank of England, Mark Carney, suggested replacing the US Dollar as
the international reserve currency with a cryptocurrency
similar to Facebook’s Libra. That’s what happened this week in Bitcoin.
See you next week.

4 thoughts on “This week in Bitcoin – Aug 26th, 2019”

  1. Dear I would also like to trade in these cryptocurrency businesses so could you kindly accept me as your follower and train me for that?

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