Analysis of News relating to the Digital Money Ecosystem

40 Companies From China and EU Have Applied to Mine Bitcoin in ... - Bitcoin News (press release)

12/11/2017 Link to source

40 Companies From China and EU Have Applied to Mine Bitcoin in ... Companies from China and the European Union have applied to start mining operations in Russia. The country already has “hundreds” of cryptocurrency mining ... Bitcoin Transaction Processing Now Consumes More Power Than A ... Hot Hardware all 3 news articles »

Context

	China The People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country. Since the introduction of economic reforms in 1978, China has become the world's fastest-growing major economy.
	Russian Federation Russia possesses one of the largest telecoms markets in the world due to its sizeable population. Like much of Russia's economy, the telecoms sector is developing, with total revenue growing by 2.7% during 2009 to reach RUB1.3 trillion.
	European Union An international organisation of European countries
	Virtual Currency Virtual currencies, also known as crypto currencies are a form of digital means of value transfer.
	Virtual Currency Virtual currency differs from electronic money as the currency has no physical counterpart with legal tender status. The schemes, of which Bitcoin is the most well known are generally based on a peer-to-peer network.
	Bitcoin Foundation The Bitcoin Foundation was launched in September 2012 to accelerate the global growth of bitcoin through standardization, protection, and promotion of the open source protocol.
	Bitcoin Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority.
	Cryptocurrency Cryptocurrency is the term used to refer to virtual currencies such as Bitcoin.
	Operations Operations is the term utilised to describe products and services, channels, class of trade and other concepts related to the operational requirements of digital money services.
	Digital Money in China 2015 An immense change has taken place in mainland China over the last 5 years over which we have carried out in-depth studies of this market. This positioned China as the largest online retail market in the world, and a leader in the use of Digital Money.
	Bitcoin Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collect

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