About Author:
1 Confirmation with Jeff and Dave
Aisshwarya is currently working as SAP finance consultant for an IT consultancy. He likes to read about tech (fintech in particular) and history during his free time. He also likes to make 8-bit music.
In an official announcement dated October 8, 2019, open-source distributed ledger technology (DLT) project Hydro Labs announced that it had partnered with cryptocurrency project OmiseGO (OMG) to use the latter’s plasma transaction infrastructure to do away with the Ethereum blockchain’s scalability woes. Leveraging OmiseGO to Decongest the Ethereum Network Whilst...
In an official statement issued on October 7, 2019, the World Federation of Exchanges (WFE) – a global body for exchanges and cryptocurrency trading platforms – asked the U.K.’s Financial Conduct Authority (FCA) to reconsider putting a blanket ban on the sale of crypto derivative products to retail investors. Extending...
In a press release issued on October 7, 2019, NBA team Sacramento Kings announced that it had launched the league’s first blockchain-powered digital token reward program in partnership with Blockparty. Sacramento Kings Going for the Blockchain Slam Dunk Sports, and in particular, the world of basketball, noticeably seems to have...
According to an October 6, 2019, report by South Korean media outlet The Financial News, Hyundai’s blockchain and cryptocurrency arm, Hdac, is set to invest $10 million in the industry to develop its own mainnet, decentralized applications (dApps), and fund other burgeoning startups with high potential and ceiling in the...
iCashRewards (iCash), a leading blockchain-based loyalty rewards solution provider backed by Digital One Asset Foundation, on October 7, 2019, announced that it is mulling the use of DigitalBits blockchain to tokenize its reward points. This, according to a report by AiThority. Leveraging Blockchain to Tokenize Reward Points Distributed ledger technology...
According to a report published by Fast Company on October 7, 2019, Netherlands-based FairChain Foundation, in association with the United Nations Development Programme, has launched a blockchain pilot to help fight global poverty. Most notably, the pilot involves a chocolate bar called The Other Bar which gives the consumers a...
According to a report by The Economist, the U.K.’s financial watchdog, the Financial Conduct Authority (FCA) is considering putting a blanket ban on cryptocurrency-derivative products, including options, futures, and other novel financial instruments. FCA Mulling Banning Crypto Financial Instruments Observing the wildly volatile nature of cryptocurrency financial products, the FCA...
In a press release issued on October 2, 2019, Ohio Treasurer Robert Sprague announced the suspension of the OhioCrypto.com website which allowed businesses to file their taxes with bitcoin (BTC.) A Short-Lived Affair Ohio’s love affair with the premier cryptocurrency didn’t last particularly long as on October 2, 2019, the...
Leading cryptocurrency payment processing platform BitPay on October 2, 2019, unveiled support for Ripple’s XRP digital token for business payments and cross-border transactions. BitPay Adds Support for XRP U.S.-based blockchain payments firm BitPay has been pioneering the cryptocurrency adoption cause for multiple years. After bringing digital currencies like bitcoin (BTC)...
In an official blog post published on October 1, 2019, distributed ledger technology (DLT) non-profit IOTA (MIOTA) announced its partnership with Zuhlke – a firm providing services for innovation projects – to jointly develop a platform for organizations to engage in the machine economy. A Tangle to Untangle the Machine...
In a bid to bridge the gap between traditional and decentralized finance, the Global Currency Organization (GCO) on October 1, 2019, announced the launch of a new U.S. dollar-pegged stablecoin, USD Digital (USDD). Former Tech Veterans Launch a Stablecoin The Global Currency Organization is a San Francisco-based project led by...
The world’s most widely used cryptocurrency is Tether (USDT) and not Bitcoin (BTC), this according to a BNN Bloomberg report published October 1, 2019. Citing data from the cryptocurrency analytics website CoinMarketCap.com, the report claims that USDT is the highest weekly and monthly traded digital currency. USDT Trumps BTC Whilst...
Major cryptocurrency exchange Binance, announced staking support for decentralized web cryptocurrency TRON (TRX) on September 30, 2019. The Malta-based exchange’s recently launched staking platform allows cryptocurrency holders to receive their share of the held digital asset’s block reward. Binance TRX Holders Rejoice Famous for its knack of constantly re-inventing in...
In a bid to bring digital currency payments to the mainstream, UTRUST, a fintech startup, has integrated support for DASH cryptocurrency to provide safe and secure payment options to the nine million registered users of web gaming platform Whow Games. The startup announced the development through a Medium post, on...
A Bloomberg report published on September 27, 2019, claims that multi-billion social media giant Facebook Inc. is in talks with a prominent congressional committee for its Chief Operating Officer (COO) Sheryl Sandberg to testify as soon as the next month. Facebook Pushing for Libra Approval Per sources close to the...
