Chinese ICO allegedly shuts down.

While the fog around China’s recent crackdown on the established crypto businesses remains unclear in terms of the government’s intentions, Hangzhou local police allegedly have taken all executives of another crypto project, GXChain, into custody. origin »

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France doesn’t want Facebook to operate Libra in Europe.

Facebook’s ambitious cryptocurrency project, Libra, has been facing a lot of heat in Europe since its announcement in June. Now, according to Reuters, the French finance minister, Bruno Le Maire, doesn’t want it to operate in the EU, as he feels it’s unclear exactly how the digital currency will function. origin »

Popular ICO GXChain Faces Apparent Chinese Police Crackdown.

The Chinese government has reportedly shut down a popular and well-funded crypto company called GXChain, which at its peak had a market cap of over $600 million USD. News of this crackdown swiftly led GXChain’s price to plummet, and once more official news surrounding this crackdown is released it is highly probable that the crypto’s. origin »

Bitcoin Beats the US Dollar: Rapper Akon Delivers Crypto Crash Course.

Singer Akon has rubbished the common perception that cryptocurrencies such as Bitcoin are too volatile. Per the U.S. musician, crypto enjoys more stability relative to fiat currencies. Speaking in a radio interview on the Breakfast Club, Akon defended the volatility that Bitcoin skeptics regularly cite for their negative attitude towards crypto saying that “Believe it […] The post Bitcoin Beats the US Dollar: Rapper Akon Delivers Crypto Crash Course appeared first on CCN.com origin »

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