• This doesn't look like a good business plan (via Pixabay).
    Alt coins

    Stellar burned by $3.5 billion gamble

    The Stellar Development Foundation just lost billions to give other lumen cryptocurrency owners a mere $260 million windfall.

    On November 5, the Stellar Development Foundation shocked attendees of its first Stellar Conference in Mexico City by announcing that 55 billion of the 105 billion lumen (XLM) in existence had been “burned” by sending them to a wallet with no key.

  • 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.

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