The Bitcoin community has supposed that year Satoshi Nakamoto mined — and held on to — roughly 1,000,000 bitcoin throughout the network & rsquo; s Since Bitcoin programmer Sergio Lerner presented compelling evidence from 2013. New signs from Bitmex study, on the other hand, suggests that this figure could possibly be in the ballpark of 600,000-700.

This week in the industry, we watched the gears of government and regulation grinding, we check in on some mining news and we have a minute to reflect on the state of the market and industry innovation. Below are some of Bitcoin Magazine’s leading bitcoin, blockchain along with cryptocurrency news reports for each week.

New Research Claims Satoshi Mined Far Fewer Bitcoins Than Previously Thought

In a specific article, Bitcoin Magazine’s Colin Harper chose a visit to Norway to survey the work of Northern Bitcoin, a mining company that has taken advantage of the prosperity of renewable energy Norway&rsquo.

Ultimately, we are reminded by IOST CEO Jimmy Zhong . These are the days, Zhong argues, that growth could be accomplished, and that those who concentrate their efforts on growth will be better for this when things start to look up again.
Best Crypto Exchanges Join Winklevosses’ Self-Regulatory Organization
Situated in Lefdal Mine, a defunct mine flipped data centre in Måløy, the 3,250 miner powerful ASIC mining plantation works at almost half the electricity cost of its rivals and with zero CO2 emissions. It’s reminder that, with a tinge of imagination along with the infrastructure, bitcoin mining can be much more sustainable than its critics suggest.

This Wednesday, the United States Securities and Exchange Commission released orders on nine bitcoin exchange traded fund (ETF) proposals. Each of the three orders shot down the ETFs all in query.

“Life is a trip. We often state that choice is more important than attempt. We have to realize that desire and options merely pull with persistence. I am hoping we can have faith in our common option, the future of technology, the power of market cycles; stay buoyant in the face of apocalyptic economy opinion; create impartial and clear-headed judgments; and, together, build something people truly desire,” Zhong writes.
Meanwhile in the private sector, the government is being assisted by WeChat using its crackdown. The number one messaging platform from China purged blockchain and crypto media reports from its providers citing the authorities &rsquo.
Not a Done Deal: U.S. SEC “Will Review” Many Recent ETF Choices

From the march toward better crypto regulation from the States, exchanges have taken the lead in an effort. The Virtual Currency Association, a self-regulatory organization included three new members this week. With these latest developments, the VCA continues to work toward its objective of “launching an industry-sponsored, self-regulatory company (SRO) to oversee virtual product marketplaces,” in advance of a summit to be held September.

The Latest in Legislation

Mining Like a Viking the Fjords of Norway Offer a Greener Alternative
However, these decisions, the following day, the SEC revealed, are currently up for inspection. This growth has offered a glimmer of hope for the industry in its own.

Rehashing Old looking Ahead

WeChat Shuts Down Different Crypto Media Accounts
China Blocks Access to Over 120 Offshore Digital Currency Exchanges

News in the Bitcoin Mining Industry

All eyes were on Bitmain this week, as both media and public scrutiny proceeds to pick apart the details of the mining behemoth’s coming offering.
Following reports surfaced last week claiming that Western telecom company Softbank and online provider Tencent had spent in Bitmain through a personal pre-IPO funding round, a couple of companies came forward to deny their own participation.

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Even though the U.S. grapples with regulations and oversight for its very own virtual money markets, the Chinese government is seeking to siphon its taxpayers ’ access to crypto trading places. Chinese officials shuttered entry to more than 120 exchanges an extreme measure to follow the extensive prohibit it effected on national ICOs.