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China's Romantic Relationship with Bitcoin Could Not Get Any Better

by Lewis Park

 

All research was acquired by Wolfie Zhao’s segment in TheBlock

 

We all know that Bitcoin will be around for a long time. At least, for those of us who truly believe in the technology that powers Bitcoin, we know that Bitcoin is fundamentally bullish and has been the first innovative piece of finance since the creation of the first documented ledger system in the form of double-entry bookkeeping created by the Jewish community in Roman civilization. Bitcoin’s characteristics of being censorship resistance, deflationary, limited in supply, decentralized, etc., are all factors that would enable it to be the native internet token that the world desperately needs to help even the playing field for the little guys. In fact, Bitcoin has always championed equality, and it is a no brainer for people to support its success throughout the known world. 

 

Then there’s China.

 

Recently, China has cracked down on Bitcoin mining, an...

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XRP Lawsuit Part 2

news short blog xrp Jan 27, 2021
 

A new class action lawsuit has been added to XRP's growing legal troubles. On January 25, Tyler Toomey, a Florida investor filed suit against Ripple Labs and its CEO Brad Garlinghouse. Tyler and others in the class action accused Ripple of tricking investors and selling millions of dollars worth of unregistered XRP coins. 

 

This is similar to the lawsuit on December 22, 2020 where the SEC filed a lawsuit against Ripple Labs and personally named CEOs Christian Larsen and Bradly Garlinghouse in the suit. The plaintiff, SEC, charges the defendants of obtaining over $1.38 billion using digital asset security, XRP, without following proper regulatory guidelines. 

 
 
 
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