News

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BTCBIT.NET Exchange service warns!
23 May, 2018 19:00


Dear Customers!

Due to received messages from our customers, we pay your attention to increased fraud incidences from group of persons who are posing as representatives of BTCBIT.NET. Do not agree with false offers or some kind of mailing from companies that have similar names to ours. Scammers, using the company logo of exchange services BTCBIT.NET, as well changing one letter in the title or adding a symbol, thereby using similar names. Before responding on any offer or message, please check the accuracy of the name and contact details, which are listed on our website https://btcbit.net/ in the "Contact" section. Administration of the exchange service BTCBIT.NET will never ask for your personal data or passwords from your profiles.

Be careful and do not give in to the intrigues of scammers!

Sincerely,
BTCBIT Team.

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CFTC Issues New Guidance on Cryptocurrency Derivatives
23 May, 2018 18:00
The Commodity Futures Trading Commission (CFTC) released this new guidance on Monday, providing exchanges with a set of best practices to follow as they develop and launch these nascent cryptocurrency derivatives products.

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A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments
23 May, 2018 08:00
Argentina's Banco Masventas has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin. 

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Bitcoin Pizza Day: How is Bitcoin Doing Eight Years Later
22 May, 2018 18:00
Bitcoin Pizza Day saw the purchase of Laszlo Hanyecz worth “only” around $83 million - much less compared to peak BTC prices. Spending 10,000 BTC eight years ago turned into one of the strongest memes of the cryptocurrency world.

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Canadian Regulator Warns Investors of Five Cryptocurrency Firms
22 May, 2018 11:00
The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them.

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Crypto Utopia: Man-Made Floating Pacific Islands Will Accept Cryptocurrency
21 May, 2018 13:00
Startups Blue Frontier and Seasteading have issued their own cryptocurrency, which will be used on artificial floating islands, free from government restrictions.

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Bitfinex reminded to customers of the need to provide documents to the tax authorities of their countries
19 May, 2018 10:00
Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known “tax haven”, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. 

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Switzerland Formally Considers State Backed Cryptocurrency
18 May, 2018 18:00
Switzerland is formally considering the possibility of a state-backed cryptocurrency. Its government has asked legislators commission a study on the pros and cons of a Swiss “e-franc.”

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China Releases Cryptocurrency Grades: Ranks Ethereum 1st and Bitcoin 13th
18 May, 2018 08:00
The China government produced its public Blockchain and cryptocurrency ratings May 17, placing Ethereum top of the list, but Bitcoin only on 13th of 28 cryptocurrencies under inspection.

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First Facebook and Google, Now Bing Moves to Ban Cryptocurrency Advertising
17 May, 2018 11:00
Bing, search engine from Microsoft, will no longer shows ads for products related to cryptocurrency, including ICO and unregulated binary options

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HTC Plans to Ship a Blockchain Phone This Year
16 May, 2018 18:00
The Taiwanese electronics maker HTC on Tuesday unveiled the Exodus smartphone, which would serve as both a mobile connecting point to the world of decentralized networks and a storage device for those who want to carry their crypto in their pocket.

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HSBC bank completes its first blockchain transaction
16 May, 2018 08:00
UK-based HSBC Holdings, one of the world’s biggest international banking and financial services companies, has carried out its first blockchain transaction.

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Change of the legal entity of the exchange service "BTCBIT.NET"
15 May, 2018 12:00
Change of legal entity BTCBIT.NET in 2018 became a logical decision in the development of the exchange service.
Our company strives to simplify exchange possibilities for all users over the world, despite the regular changes in the global business environment. Our customer needs are changing aswell, that’s why our company becomes more developed and modern.

Current company requisites:
BTCBIT Sp. z o.o.
Reg. Nr. (KRS): 0000725294
Address: Ul. Transportowa, nr 11, lok. 7, Slubice, 69-100, Poland

Our target - strong and focused environment on clients, which corresponds to the modern world, where we live and work. It based on our main values:
• Availability of our financial service throughout the world;
• modern technologies;
• Innovativeness;
• Unlimited development;
• Constant motion;

Thank you for using our exchange service BTCBIT.NET

Sincerely,
BTCBIT Team

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LG Has Launched Its Own Blockchain Service Called Monachain
15 May, 2018 08:00
South Korean LG Corporation’s subsidiary LG CNS which supplies information technology services has launched its own Blockchain technology called Monachain. Monachain is designed to ease blockchain-based logistics in several fields like manufacturing, finance, and communication.

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The World Bank elaborated on the profitability of cryptocurrencies in Europe and Central Asia
14 May, 2018 18:00
The World Bank (WB) advises European and Central Asian countries to use blockchain technology in its new “Cryptocurrencies and Blockchain” report.

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Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings
14 May, 2018 11:00
Zimbabwe’s central bank has recently banned domestic financial institutions from dealing with cryptocurrencies, reported local media NewsDay. According to the report, the Reserve Bank of Zimbabwe’s (RBZ) director and registrar of banking institutions Norman Mataruka issued a circular ordering all financial institutions to terminate servicing cryptocurrency exchanges within 60 days and begin to liquidate existing crypto-related accounts.

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Huawei launches a Bitcoin wallet for mobile phones
11 May, 2018 19:00
Huawei Technologies Co., a Chinese multinational communications technology company, has announced that mobile phone users will be able to download Bitcoin (BTC) starting May 11. Huawei is releasing BTC.com’s Bitcoin wallet in its AppGallery app store, which will be pre-installed on all new Huawei smartphones.

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Xapo startup keeps $10 000 000 000 worth of bitcoins in a Swiss military bunker
11 May, 2018 08:00
Cryptocurrency wallet and cold storage provider Xapo now holds about 7 percent of the world’s bitcoin reserves worth $ 10 000 000 000 in a decommissioned Swiss military bunker. The total amount stored at Xapo’s premises exceeds the deposits kept in 98 percent of U.S. banks taken together.

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French artist collected 0.11 BTC in donations through adding Bitcoin QR-code to his works
10 May, 2018 17:00
French street artist Pascal ‘PBOY’ Boyart has been marking his #artworks with QR-codes linking to his Bitcoin wallet. As a result, the donations amounted at $ 1000 worth of bitcoins (roughly 0.11 BTC) in half a year period.

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Popularization of cryptocurrency, using cryptocurrency ATMs
9 May, 2018 18:00
Bitcoin Automated Teller Machines (ATMs) keep on spreading across the world, their total number already being close to 3 000.

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Ethereum Classic announced hard fork aimed at removing the difficulty bomb
9 May, 2018 12:30
The developers of Ethereum Classic announced a hard fork, the purpose of which will be to remove the so-called “difficulty bomb”.

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BMW Test Drives Blockchain for Car Mileage Tracking
8 May, 2018 19:00
Global auto giant BMW is piloting a blockchain platform to track mileage in leased vehicles through its startup innovation program.

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South Korean Top Regulator Considers Easing Cryptocurrency Regulations
8 May, 2018 10:00
The main regulatory body of cryptocurrencies in South Korea has a new chief who has just been approved by the country’s president. He has reportedly announced that he will consider relaxing crypto regulations to help businesses grow in this sector.

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Cardano Signs Agreement with Ethiopian Government to Introduce Blockchain Technology to Agritech
7 May, 2018 12:00
The Ministry of Science and Technology of Ethiopia and one of the most important blockchain platforms, Cardano, has signed a Memorandum of Understanding (MOU). According to the document, the company helps Ethiopian developers to introduce the blockchain into the information processes of the agricultural sector.

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Alibaba Group Holdings LTD lawsuit is rejected
2 May, 2018 12:00
A U.S. us federal judge rejected Alibaba Group Holdings Ltd.’s move to block Dubai cryptocurrency firm Alibabacoin Foundation. In his ruling judge said it failed to show that the use of the Alibabacoin name would hurt its business prospects.

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World leaders in the cryptocurrency trade.
2 May, 2018 12:00
Thanks to its well-defined regulatory framework, Malta now accounts for the largest share of cryptocurrency trading volume in the world. The top 5 countries by cryptoсurrency trade volume are, in order, Malta, Belize, Seychelles, the US and South Korea, whereas the countries that are home to the largest number of exchanges are the UK, Hong Kong, USA, Singapore and Turkey.

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Donation collection through mining
1 May, 2018 11:20
The United Nations Children's Fund (UNICEF) is seeking to harness supporters' computers to raise donations via cryptocurrency mining. To that end, the organization has launched "The Hope Page" - a website that mines cryptocurrency with the help of visitors' computer processing power.

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Signing a Memorandum of Understanding
30 April, 2018 11:05
Bermuda’s Premier David Burt has signed a memorandum of understanding (MOU) with Binance Group. The MOU states, the Binance Foundation provide up to $10 million of university training in Bermuda in blockchain technology development.

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Increased demand for mining chips
27 April, 2018 10:50
Samsung Electronics has reported 58 percent year-on-year growth in its operating profits for Q1 2018 - an increase driven in part by strong demand for cryptocurrency mining chips.

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Modum blockchain integration
26 April, 2018 11:00
Switzerland’s national postal service Swiss Post will integrate a blockchain-based solution developed by industry startup Modum in deliveries of pharma shipments and other temperature-sensitive products.

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China's negative position with regards to ICO and cryptocurrency
25 April, 2018 11:15
The Chinese government has recently reiterated its negative stance towards ICOs and cryptocurrency exchanges, claiming that financial authorities will continue to monitor private lenders’ interest rates to combat illegal fundraising.

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Exchanges with Epay
24 April, 2018 12:10
Dear Customer! Due to large requests from our customers for providing new payment methods, from 24.04.2018 in the BTCBIT exchange service, you can purchase cryptocurrency using the Epay payment system.

Sincerely,
The BTCBIT Team.

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Successful implementation of Blockchain, to prevent fraud
24 April, 2018 11:20
The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud.

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Coin DASH available for purchase
23 April, 2018 14:00
Dear Customer! We are happy to announce that we have just added Dash to our list of supported cryptocurrencies. Now you can purchase Dash by paying using your debit/credit card, or with SEPA payment. DASH is a digital currency with a high level of anonymity, which was originally created as an alternative to bitcoin. Dash - has promising prospects for market participants who is seeking to find a cryptocurrency, convenient for making transactions. This cryptocurrency has great potential and deserves the client's attention.

Sincerely,
The BTCBIT Team.

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Bitcoin Blockchain - not an ideal platform for criminal activity
23 April, 2018 10:00
The Chief Scientist of Quebec says that Bitcoin is not a tool for illegitimate transactions.
The transparent and public nature of the Bitcoin Blockchain, where transactions are recorded and distributed across a global network, is not an ideal platform for engaging in anonymous criminal activity.

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