Is Crypto In Danger After LBRY’s Defeat Against The SEC?
The crypto company behind a peer-to-peer digital marketplace, LBRY, lost its legal battle against the U.S. Securities and Exchange Commission (SEC). The regulator filed a lawsuit against the crypto platform over the alleged illegal sales of an unregistered security, its native token LBRY Credits (LBC). Related Reading: British Bank Santander To Block Transfers To Crypto […]
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This week, Bitcoin shocked the world with a push beyond $15,000 and nearly hitting $16,000. At the time, altcoins bled out, but few more so than XRP. One crypto trader has shared a nasty looking long-term chart for Ripple, and believes that Bitcoin’s rally could finally force the “XRP army” to surrender and “admit defeat.” […]
In a recent blog, “When is a blockchain not a blockchain” R3 noted that its Corda product is a distributed ledger and not a blockchain, and that it was never stated as such. The blog was in response to public comments claiming that R3 has only recently recognized that blockchain technology will not address wholesale financial industry needs. The blog noted R3 is flattered by the attention Corda has recently received after sources noted that the words “No block chain’ because we don’t need one” was used in an R3 presentation. The blog said R3 has from the beginning referred to Corda as a....
India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.”
RBI on Crypto’s Danger and Financial Stability Risks
The Reserve Bank of India (RBI) released the 25th issue of its Financial Stability Report (FSR) Thursday. RBI Governor Shaktikanta Das wrote:
Cryptocurrencies are a clear danger. Anything that derives value based on make believe, without any underlying, is just speculation under a....
LBRY is a sharing platform that uses blockchain technology to enable users to publish material and get paid for doing so. People using LBRY’s service can monetize their published material with its built-in payment system. The concept melds together the great technical advantages of both Bitcoin and BitTorrent services for people looking to share content.....
Spells of Genesis is a new mobile game that combines trading cards with an arcade, similar to Magic the Gathering with an epic style role play. The most important aspect of this game: it will use blockchain technology as well as Bitcoin for its game economy and storyline. It will be the first one to do so, making it one of the most innovative and interesting games on the scene. The game allows for players to collect and trade cards, build powerful decks, and defeat their opponents on this epic adventure part of the fantasy realm of Moonga. During the game, players will encounter hundreds....