Following are the major Bitcoin news of the day
Pantera Capital Invests $3.5 Million in ChangeTip
The investor group Pantera Capital announced to have invested $USD3.5 million in ChangeTip – a microtipping platform going viral on Twitter and Reddit. Known to every Bitcoin follower, ChangeTip is one of the most fruitful platforms to attract new users to the Bitcoin ecosystem. The company efficiently harnesses the potential of social networks to encourage people for tipping others using Bitcoin. Pantera Capital sees this as a huge opportunity to grow Bitcoin adoption across the world.
MasterCard Speaks against Bitcoin
MasterCard spoke out against the “risks” of Bitcoin and called on regulators to create a regulatory framework for payment systems. The statements were made as a part of an ongoing investigation on digital currencies, led by the Australian Senate Standing Committee on Economics. In a document, the credit card company argued that all financial services should be subjected to the same rules, and emphasized that the regulation should protect consumers and combat money laundering, as well as the financing of terrorism.
BTC China’s New Mining Pool Generates over 3K Bitcoin
BTC China confirmed to have mined a total of 3,325 BTC via their five-week old mining pool, thus equaling their revenue to 1.2 million. As per the ranking system of Blockchain’s Hashrate Distribution Chart, the BTC China mining pool is currently holding the 7th spot, as it provides 13.9 PH/s, i.e. about 5% of the network hash output.
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