China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’

The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value of blockchain technology should not be ignored because of virtual currency.” Opinion Piece Claims 90% of … Read moreChina Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’

China Media Watchdog Differentiates Between Digital Collections and NFTs

Non-fungible tokens (NFTs) remain one of the hottest themes in the blockchain industry. Despite China’s ban on cryptocurrencies, NFTs, though in a different form and under specified regulation, are among the few aspects of the technology that still exist in the country. The existence of such products has been an issue of controversy, considering that … Read moreChina Media Watchdog Differentiates Between Digital Collections and NFTs