• A Citibank, in case you've never seen one (via Wiki Commons).
    Alt coins,  Technology

    As JPM Coin launches, Citi reflects on decision to cancel Citicoin

    JPMorgan’s Ethereum-based digital currency has competition from IBM Blockchain World Wire’s Stellar-based stablecoin platform

    In the wake of JPMorgan’s February launch of its Ethereum-based JPM Coin digital currency, Citi let it be known why it had killed the Citicoin project its innovation lab discussed—but never formally announced—back in 2015.

  • RIP ETH?
    Alt coins,  Ethereum,  Innovators

    Ether’s $0 destiny: Could it really happen?

    One guy argues yes—and Vitalik Buterin kinda-sorta agrees

    A blockchain wonk has gone pundit in a TechCrunch article, predicting that Ethereum’s ETH asset will eventually crash to zero forever. In an unexpected twist, Ethereum co-founder Vitalik Buterin mostly agrees. Jeremy Rubin, the Bitcoin Core contributor who’s lately advising Stellar, launched a public critique of Ethereum and how it operates, calling for the network’s cryptocurrency to ultimately be worthless. He draws a clear distinction between the technology that powers the Ethereum network and the digital asset that represents value moving through it. The kernel of his “ETH to zero” argument revolves around network scalability and security issues that will hold Ethereum back as competitors move ahead. Rubin also invokes…

  • stellar
    Alt coins,  Media

    Stellar’s not-so-stellar few days

    Facebook denies friending Stellar

    Stellar’s lumen has gone dark on Poloniex, capping a wild few days of rumors and refutation of rumors. Depositing or withdrawing the token has temporarily been halted on the Circle-owned trading platform days after Facebook said it wasn’t working with the crypto company. On Friday, Business Insider published a report claiming, “In recent months, Facebook’s blockchain team, led by the former PayPal executive David Marcus, has met with the open-source payments-technology company Stellar about some of those opportunities, people familiar with the talks told Business Insider.” The BI story cited “a Stellar insider,” for some fairly pro-Stellar spin: “‘They’d be taking the rug out from under the banks,’ the person…