Alibaba Denies ‘Partnership’ With Lolli, Highlighting Crypto Industry Pitfalls

On Monday, CoinDesk reported the shopping app Lolli was offering bitcoin rewards to U.S.-based Alibaba shoppers for Singles Day. Alibaba Group representatives have since denied the “partnership” touted by Lolli CEO Alex Adelman. The fissure revealed a common misconception in the blockchain industry. “One of Alibaba.com’s contractors hired a subcontractor who brokered an affiliate marketing […]

Continue Reading

‘Clicks and Bricks’ Strategy to Drive Korean Users to Terra’s Blockchain

A South Korean mobile payments dapp is rolling out a back-to-basics “clicks and bricks” growth strategy to boost retail adoption. Rather than an advertising blitz or sending an army of bots to make their case on social media, Terra Blockchain’s CHAI dapp is focusing on where customers actually transact to buy stuff. Founder David Shin […]

Continue Reading

Ex-Official Trolls Libra, Says China Likely to Issue Digital Currency First

A former high-ranking Congressional official said China’s central bank is likely to be the first to issue its own national digital currency, as he contended that Libra was doomed to fail. Speaking at the Shanghai Bund Summit, Huang Qifan, former deputy director of the Congressional Financial and Economic Affairs Committee, explained how the national digital […]

Continue Reading

Former World Gold Council Exec Develops New Bitcoin ETF

The former managing director of the World Gold Council and the portfolio manager behind SPDR Gold Shares is developing a bitcoin exchange-traded fund (ETF) with boutique asset manager Kryptoin Investment Advisors. The Cayman Islands-based firm has filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC). The fund, in development for two […]

Continue Reading