GMO unveils its plans, LN users can get BTC, BTC value is raised in Turkey, Saudi Arabia bans BTC trading, China releases a primer on blockchain, EU Parliament proposes ICO regulations
- Japanese internet giant GMO has just reported making an operating profit of 255 million yen (about $2.3 million) for its cryptocurrency business in the second quarter of this year. As for the number of Bitcoins mined and the hashrate, GMO reported that both have been growing.
- Users of Lightning Network can now get paid a little Bitcoins.
- Economic turmoil in Turkey raises Bitcoin value. As the Lira continues its decent, Bitcoin.org has experienced an influx of Turkish visitors by 42%.
- The Kingdom of Saudi Arabia deems cryptocurrency trading illegal in light of a number of websites and social media accounts promoting them.
- The Communist Party of China has released a book explaining key blockchain features, its origin, future application scenarios, as well as major challenges associated with the adoption of the new technology.
- A draft proposal by the European Parliament's Committee on Economic and Monetary Affairs suggests creating new regulations for public ICOs. The report is written on proposed regulations for Europe's crowdfunding platform operators and companies.