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Bitcoin Daily: Rhode Island’s Blockchain Act Aims For Crypto Rules Too; Rapper Akon Details Crypto Plans

PYMNTS

Rapper Akon is launching the cryptocurrency, Akoin, that he says will financially power “Akon City” in West Africa. His whitepaper indicates that Akoins will work as “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. David Place (R-47) told Cointelegraph.

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Facebook Hires Team From Chainspace Amid Blockchain Push

PYMNTS

Facebook is making a big push into blockchain technology with some new hires, according to reports. The company recently hired four people who were instrumental in the blockchain startup Chainspace , and has also been investing a lot of money and resources in the technology.

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Long-Term Success or Short-Term Hype: Understanding the TON Ecosystem’s Growth

The Fintech Times

The Open Network (TON) ecosystem, the scalable blockchain and network project, has seen tremendous growth over the past year. Looking to understand why it has become so popular, we hear from industry experts in addition to analysing a new report by Bitget , the cryptocurrency exchange and Web3 company. million over the past year.

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How Could Judge’s Indictment of Craig Wright’s Satoshi Nakamoto Claims Impact the Crypto Industry?

The Fintech Times

This week, the judge overseeing a case between the Cryptocurrency Open Patent Alliance (COPA) versus Craig Wright , ruled that the defendant is ‘not’ Satoshi Nakamoto, the identity responsible for inventing Bitcoin, citing an ‘overwhelming’ amount of evidence.

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Chain CEO On B2B Payments’ Blockchain Blockbuster

PYMNTS

The blockchain has a bit of an identity crisis. And while it might be tempting to poke fun at those confident, if somewhat confused, CFOs, Adam Ludwin, co-founder & CEO at Chain , told Karen Webster that, actually, they are pretty much in the same boat as everyone else when it comes to the blockchain. “No Here’s a little proof.

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What Is Blockchain Technology?

CB Insights

Blockchain. Cryptocurrencies. As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). Huge corporations — like Walmart and Pfizer — have completed successful blockchain pilots. What is blockchain?

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For Banks, A Lesson On Blockchain From The Age Of Internet Startups

PYMNTS

The whispers have grown to loud chatter when it comes to blockchain technology and the impact it might have on the financial services sector. The latest research from PwC found that banks are no longer taking blockchain technology as an easily ignored fad. For FIs, it’s better to be friend instead of foe with the disruptor.