All posts by Blockzone Team

A Controversial Relationship: Ofo Uses GSE Cryptocurrency For Fundraising?

The troubled bike sharing company, Ofo, allegedly used a cryptocurrency known as GSE (Global Sharing Economy) for a new round of fundraising in July this year, according to a person familiar with the matter. The source said that an ofo representativecontactedGSENetwork. Through adigital asset investment platform called the Token Fund, the ofoofficial subscribed for a ...

The First Offshore RMB Stablecoin: a Farce

On September 18, several Chinese media announced that CITIC International Assets Management Limited (hereinafter referred to as CIAM) and Galaxy Digital Assets Management Company Limited (hereinafter referred to as “Galaxy Asset Management”) launched the first stablecoin pegged to offshore renminbi (CNH). It is named as the Wealth in Token(WIT). Based upon the released articles and ...

South Korea & Cryptocurrency: A Complicated Relationship

Despite the Korean Won being the third most traded national currency for Bitcoin and the new generation of millennials being more eager than ever to participate in the cryptocurrency ups and downs we so often find ourselves in, it would be fair to assume the South Korean regulators have so far had an ambivalent attitude ...