Ripple CTO David Schwartz has publicly defended the company against further criticism. Ripple is funded by VC Funding and angel investors.
A Shenzhen court recently ordered the freezing of almost $680,000 in assets belonging to a fully owned subsidiary of Bitcoin mining giant Bitmain.
Chinese Bitcoin Miners now control 66% of the processing power of the cryptocurrency network (hashrate), according to a study by CoinShares.
The Chinese mining titan Bitmain Technologies has quietly filed an IPO application with the US Securities and Exchange Commission (SEC).
Participating in yet another strategic round, crypto exchange Binance has made an investment in Chinese media firm Mars Finance.