This week’s summary of various cryptocurrency news and developments
China’s top search engine, Baidu, has halted bitcoin ads
Two local chinese exchanges, OKcoin and Huobi, have reported that China’s largest search engne, Baidu, has quietly removed bitcoin ads in a move that Bloomberg reports to be a signal of growing wariness over the amount of online scammers.
While China accounts for more than 90% of global trading, bitcoin is not considered “real” currency over there. According to some, this may be a move that will push China towards a more nationalized approach to virtual currency.
Apple and Google value Ripple Blockchain technology over Visa
Ripple’s new technology, the Interledger Protocol, has been getting a lot of attention from tech giants such as Apple and Google, that want to give users the best possible experience for their online payment solutions. According to information from the International Business Times, tech giants hate Visa, as they have to share market power with them in order to succeed in the online payment world. Ripple is expected be fully integrated with all major cryptocurrencies by the end of this year. By then, big technology companies like those mentioned above may make a move.