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.
Continue reading “Alibaba Denies ‘Partnership’ With Lolli, Highlighting Crypto Industry Pitfalls”
A rogue chain has developed during a planned bitcoin cash hard fork, as an unknown mining pool failed to update to the new chain’s software.
The on-going chain battle, which should be resolved by bitcoin cash’s internal rules, gives an insider look into how proof-of-work (PoW) consensus mechanisms operate.
Continue reading “As Bitcoin Cash Hard Forks, Unknown Mining Pool Continues Old Chain”
Messaging app firm Telegram has made a new plea to a U.S. court to drop an action brought by the Securities and Exchange Commission (SEC) alleging its yet-to-be launched token is a security.
Continue reading “Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing”
Lolli, an affiliate retail startup that gives online shoppers bitcoin instead of regular cash-back perks, just announced its first Asian partnership with Chinese e-commerce giant Alibaba.
Lolli’s in-browser app allows users to shop through merchants’ websites as they normally would, but earn small bitcoin rewards delivered to the in-browser wallet.
Continue reading “Alibaba Offers Bitcoin Rewards Through Lolli Shopping App for ‘Singles Day’”