About author: Aisshwarya Tiwari

According to an article published by Bloomberg, on December 13, 2018, Basis, a stablecoin startup funded by the likes of Bain Capital Ventures, and Andreessen Horowitz has decided to call it a day due to the persistent ambiguity regarding classification of digital currencies as securities. Crypto Industry in Dire Straits Since November 2018, the cryptocurrency industry has been on a…

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According to an article by Computer World, published on December 13, 2018, Australia ranks sixth globally regarding blockchain technology related patents. The report posits that China is leading the patents race with 1520 patent families filed till date. The Asian economy is followed by the U.S., which has 773 deposited patents to its credit. Australians Catching up on the Blockchain…

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According to a Medium post published by Gemini CEO and co-founder Tyler Winklevoss, on December 11, 2018, the cryptocurrency exchange has released the Gemini Mobile App for the iOS and Android OS. A Slew of Features The Gemini Mobile App is equipped with a myriad of features to simplify the process of trading and storing cryptocurrencies. The app’s simple and…

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According to an article by PR Week, published on December 10, 2018, blockchain public relations and events company Wachsman has laid off 16 employees due to the current crypto market turbulence. 16 Employees Axed by Wachsmann Founded in 2015, Wachsman provides strategy, events, PR, and corporate development services to companies in the blockchain and cryptocurrency industry. The company’s clientele consists…

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State Farm, a large group of United States-based insurance and financial services firms offering automobile insurance products, loans and more, has announced on December 10, 2018, that it’s testing a distributed ledger technology (DLT) based solution that could help speed up the subrogation process for auto claims. Blockchain for Faster Auto Claims Subrogation In its bid to revolutionize its operations…

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According to a report by ZDNet, published on December 10, 2018, cybercriminals have doubled-down on their efforts to hack into internet-exposed Ethereum wallets and mining equipment. Publicly Exposed Ports Risk Holders Wallets Per the report, cybercriminals are actively scanning for crypto equipment with port 8545 exposed online. Notably, port 8545 is the standard port for the majority of the Ethereum…

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According to a report by Finance Magnets, published on December 10, 2018, Taiwan-based mobile company HTC has that Brave (BAT) will be their blockchain-based smartphone Exodus’ default internet browser. HTC Hopes to Regain Market Share through Blockchain In May 2018, the Taiwanese company announced that it’s set to enter the cryptocurrency and blockchain industry with its premium smartphone, named Exodus….

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It was not too long ago when euphoria surrounding the cryptocurrency industry reached its tipping point. The industry hit a record high market capitalization of $813 billion on January 8, 2018. Crypto came out of the rooms of geeky software developers and gamers into the mainstream, as almost every other ICO was able to raise millions, if not billions of…

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According to a joint press release published by Swisscom and Swiss Post, on December 6, 2018, the two state-owned entities have come together to form a “simple, secure, and sustainable” platform for blockchain applications in Switzerland. Private Blockchain-based Project While the Swiss Post is Switzerland’s national postal service, Swisscom is one of the country’s largest state-owned telecom service providers. The…

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Farzam Ehsani, former blockchain lead at Rand Merchant Bank (RMB), has launched his new business initiative named VALR, reports Tech Central, on December 6, 2018. Based in South Africa, VALR is a digital asset trading platform which has been launched in partnership with crypto exchange trading platform Bittrex. VALR to Offer One of the Largest Selections of Digital Assets According…

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