Right here’s what occurred this week in Bitcoin in 99 seconds.

Mining big, Bitmain, is closing another office in Amsterdam and they're additionally halting its mining operation in Texas. Whereas unhealthy for Bitmain, these developments are actually improving decentralization within the Bitcoin mining area. At present, solely the BTC.com mining pool controls greater than 11% of the total hashrate.

South Korea’s authorities will supply tax breaks to its blockchain companies. Blockchain firms within the nation will obtain between 20 to 40% tax aid on their R&D expenditure, encouraging innovation.

Talking of tax, Denmark’s tax agency might be inspecting the information of native crypto exchanges to make sure that their customers are paying taxes on crypto earnings.

New Zealand crypto-only alternate, Cryptopia, have been hacked after being offline for a full day.  Buying and selling is suspended whereas police examine the hack, which appears to have affected ETH and ERC-20 tokens within the alternate’s scorching pockets. Complete losses are unknown at this stage however are estimated to be within the thousands and thousands of {Dollars}.

Coinstar kiosks in grocery shops throughout the US will start merchandising Bitcoin vouchers. Hundreds of Coinstar machines will settle for as much as $2,500 in paper {Dollars} for Bitcoin purchases.

Lastly, ShapeShift’s CEO, Erik Voorhees, revealed that in 2018 his alternate had assisted regulation enforcement businesses world wide with data requests on transactions. Shapeshift lately modified its insurance policies to require identification verification for KYC functions. Competing fast exchangers with out KYC embody Flyp.me and Changelly.

That’s what occurred this week in Bitcoin. See you subsequent week.