Daily News Bits

According to CoinDesk, an advisor to the People’s Bank of China (PBOC) has revealed his opinion that there needs to be “moderate regulation” on initial coin offerings (ICOs). The advisor to the PBOC also expressed support for a regulatory environment that promotes the experimentation around blockchain technology more generally.

On Crypto Insider, the idea of Abra as Bitcoin’s first user-friendly, mainstream article was explored. Abra CEO Bill Barhydt recently discussed how Abra is easy enough for everyone and their mothers to use on an episode of the Reason Podcast.

According to Bitcoin Magazine, ShapeShift CEO and longtime Bitcoin entrepreneur believes bitcoin could be replaced as the top cryptocurrency in the world if a scaling resolution is not implemented this summer. Voorhees also indicated that he is a big proponent of the SegWit2x proposal. The comments were made during an interview on Epicenter.

According to Forbes, a man is travelling the world with the $25 million in profits he made from speculating on the bitcoin price. This story explores the man’s ultra-luxurious lifestyle in which he only flies first class and stays in 5-star suites.

According to Bitcoin Magazine, Bitcoin Core developers may never use the miner-focused BIP 9 signalling process for soft forks ever again. Bitcoin Core contributor Eric Lombrozo hinted at this possibility during a discussion with Thomas Hunt and Jimmy Song on Hunt’s Mad Bitcoins YouTube channel.