China’s ICO ban makes more sense in light of its history with fintech

China’s decision to freeze fundraising through initial coin offerings continues to roil markets, but the regulatory decision may not be as controversial as the response from the bitcoin community would lead observers to believe. On Monday, the People’s Bank of China announced that it was implementing a freeze on fundraising through ICO’s on Chinese exchanges. (Here is the… Read More Read More

Bitcoin just surged past $2,000 for the first time

The world’s most popular cryptocurrency is now worth over $2,000 per coin.  That’s according to a range of bitcoin exchanges, including Coinbase and Kraken. That valuation puts the total market cap of bitcoin — the total number of coins in circulation — at $32.92 billion. Bitcoin has been on a tear this year, as this chart from Coindesk shows. Bitcoin first broke… Read More Read More

The Blockchain Might Be The Next Disruptive Technology

To process a transaction, you need first to make sure the sender owns the asset he wants to transfer, and make sure he will not trade it twice. In the blockchain, information is stored in blocks that record all transactions ever done through the network. Hence, it allows validating both the existence of assets to be traded and ownership. Read More Read More