Word around the world: Crypto takes aim at banks

Word around the world: Crypto takes aim at banks

India: An Indian official has redacted the government’s “official” blanket ban on cryptocurrencies, saying “I don’t think anyone is really thinking of banning it (cryptocurrencies) altogether”. Instead they could be classified as commodities, the official told Quartz.  In April, the Reserve Bank of India (RBI) issued a mandate to banks to cease facilitating services to customers involved…

OKCoin Exchange Opens in California, More US States Coming “Soon”

OKCoin Exchange Opens in California, More US States Coming “Soon”

OKCoin in California: OKCoin, an international cryptocurrency exchange, just announced that it has launched a branch within the US market offering cryptocurrency trading services between USD and several cryptocurrencies. According to the company’s website, the crypto exchange has already launched in California and is working on getting its services approved in other states. Each state has…

Investing in blockchain alternatives Pt III: Burst – the IOTA killer?

Investing in blockchain alternatives Pt III: Burst – the IOTA killer?

Burst, dubbed the Linux of blockchain, is a triune technology: the first layer is a blockchain, IOTA-style tangles are built upon it and within those tangles it uses lightning network technology to create payment channels. Together, it calls this innovation Dymaxion Layers (a portmanteau of dynamic, maximum and tension). Burst draws heavily on comparisons to IOTA and even uses…