China’s financial firms urge the need for blockchain
China’s major financial institutions believe governance should not be replaced in any larger transitions to blockchain. Read more: www.coindesk.com
Blockchain outfit Iconomi raises $5.8m in ‘initial coin offering’
Iconomi, the first-ever fund management platform for blockchains and cryptocurrencies, today announced approximately $5.8 million in equity. Read more: www.finextra.com
Cryptocurrency exchange Gemini partners with Echo Fox
New York-based digital currency exchange Gemini Trust Co. has announced a new partnership and sponsorship deal with professional eSports organization Echo Fox. Read more: www.econotimes.com
India’s currency ban will push FinTech and bitcoin adoption
To put this currency ban into perspective, an e-wallet provider, Paytm, noted a 1,000% user base increase since the banknote ruling went into effect. Read more: www.livebitcoinnews.com
Bitcoin price drops 5% as New China rumors stoke trading
Bitcoin fell back today, dropping roughly 6% on unconfirmed reports. Read more: www.coindesk.com
Blockchain: an experiment in governance without power
Cryptocurrencies aren't just an experiment in monetary theory, but also a radical experiment in decentralized governance, says Ariel Deschapell. Read more: www.coindesk.com
BitPesa nabs $2.5m for pan-African digital payments
Pan-African digital currency payments startup BitPesa has secured $2.5m in a Series A round. Read more: www.fintechroundup.com
Australia in strong global blockchain position
Australia is well positioned to take advantage of emerging blockchain technology. Read more: www.crowdfundinsider.com
Wall Street meets bitcoin boulevard
The vast majority of all Bitcoin trades are done by people just for the sake of making a trade, to drive down a price of exchange, or to “beat the street.” Read more: www.bitcoinist.com
Ant Financial plans to double-down on blockchain
Ant Financial is planning to increase its emphasis, and use, of blockchain technology in an effort to provide more trustworthy data to its user base. Read more: e27.co