Blockchain innovation can still benefit the fintech industry without ICOs and digital tokens, the People's Bank of China has said. A central bank representative further clarified the government's position after its sudden ban threw the industry into turmoil. Also read: ‘Bitcoin: Shape the Future’ Summit Moves to Hong Kong According to an English language report on Caixin, … [Read more...] about Innovate Blockchain Without Tokens, Says People’s Bank of China
A legal spat is developing between "bankchain" companies R3 and Ripple, with both filing suit against each other on Friday. The dispute apparently stems from a 2016 options deal that would have allowed R3 to purchase 5 billion XRP units at $0.0085 USD each. Today, that total is worth $1 billion. Also read: Pics: Tokyo Sushi Bar the First to Accept Bitcoin Cash When the … [Read more...] about R3 and Ripple Sue Each Other Over $1 Billion in XRP
What if you could connect to the internet without an expensive, nosy ISP? What if you could do it at a fraction of the cost?RightMesh, a blockchain-based project, is attempting to do that by applying blockchain technology to the concept of mesh networks. Also read: Credit Card Companies Deliberately Piling on Debt, Says UK Group This article is sponsored by the Vanbex … [Read more...] about Breaking Barriers: Democratizing the Internet With RightMesh
As the market cap of digital currencies rocketed higher last month, a multitude of warnings surrounding ICOs and securities offerings were issued by regulatory agencies around the globe. Also read: Bitcoin Price Heading for $9000, Forget About China The timing of the releases, and subsequent crackdown by China -- which has made ICOs technically illegal -- perhaps gives an … [Read more...] about What’s Government’s Long Game for ICOs and Digital Currencies?
It was another day of carnage on the cryptocurrency markets in Asia time. Bitcoin tumbled to $4,410 USD on Coinbase and almost every other digital asset is also in the red -- many by percentage double figures. Is China's latest crackdown on blockchain activity to blame... yet again? Also read: China Cracks Down on ICO Activity as Blockchain Conferences Cancel As … [Read more...] about Crypto-Carnage on Markets as China Squashes ICOs