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 a Medium post published on June 27, 2019, Indian cryptocurrency trading platform Koinex announced that it is shutting down its exchange services in the country due to the challenging regulatory environment. Koinex Bids Adieu to India Launched in August 2017, Koinex is one of the largest Indian cryptocurrency exchange...
Jed McCaleb, the current Chief Technological Officer (CTO) of blockchain project Stellar and the founder of the now-defunct cryptocurrency exchange Mt. Gox is facing a lawsuit over his alleged mismanagement of the Tokyo-based trading platform, The Next Web reports, June 26, 2019. Former Traders Sue Jed McCaleb On May 19,...
The U.S. Commodity Futures Trading Commission (CFTC) on June 25, 2019, approved LedgerX LLC’s application seeking to establish itself as a designated contract market that would offer retail investors spot and physically-settled derivatives contracts that pay out in bitcoin (BTC). Bitcoin Paying Derivatives to Debut in July The U.S.-based regulated...
TrustToken Inc., the company behind the TrueUSD (TUSD) stablecoin has launched a new digital token pegged one-to-one with the Hong Kong dollar, reports Crowdfund Insider, June 24, 2019. TrustToken Enters the Asian Waters In a bid to tap into the lucrative Asian digital currencies space, TrustToken has launched the world’s...
Supply chain-focused blockchain project VeChain (VET) has inked a significant partnership with Walmart China to ensure the safety of perishable food products. VeChain announced the development through a Medium post published June 25, 2019. VeChain Lands the Big Fish Emerging technologies like artificial intelligence (AI), machine learning, Internet of Things...
According to a June 21, 2019, article by local crime news outlet Posta, Israeli police has arrested two brothers named Eli Gigi and Assaf Gigi on the suspicion of partaking in cryptocurrency phishing attacks and getting involved in the infamous 2016 Bitfinex hack. Brothers Nabbed The cyber unit of the...
Patrick McDonnell, a New York resident who goes by the nickname of “the Coyote of Wall Street” recently pleaded guilty to a cryptocurrency related wire fraud in federal court in Brooklyn. This, according to a report by Bloomberg, June 22, 2019. McDonnell Admits to Stealing Client Funds A market bull...
A new diktat by Hong Kong’s financial watchdog has put the global financial hub’s cryptocurrency exchanges and custodians in a spot of bother as they are now required to fully insure the risks of hacking and theft associated with digital currencies, South China Morning Post reports, June 23, 2019. Crypto...
According to a report published by Reuters on June 21, 2019, France is set to form a G7 cryptocurrency task force to explore how global central banks can regulate cryptocurrencies like Facebook’s Libra without the risk of it being used for money laundering and other illicit activities. A Crypto-Focused G7...
German non-profit blockchain organization IOTA Foundation on June 20, 2019, announced a partnership with Primority, a digital food safety management firm to leverage distributed ledger technology (DLT) to track food allergens and improve consumer safety. Tracking Food Allergens on Blockchain One of the areas where blockchain technology has found a...
According to a Forbes article published on June 19, 2019, insurance giant Metlife is considering leveraging the Ethereum blockchain to disrupt the $2.7 trillion life insurance industry. Simplifying Life Insurance The insurance industry is ill-reputed for its excessive paperwork and formalities that help move business operations along. Claiming life insurance...
Facebook’s newly-unveiled cryptocurrency, Libra, will not be launched in India due to the country’s strict anti-crypto regulations, a person close to the matter told The Economic Times, June 20, 2019. India Says "No" to Libra Touted as the crypto industry’s game-changer for months, Facebook finally released Libra’s whitepaper on June...
In a press release issued on June 19, 2019, the United States Department of Justice (DoJ) unsealed a complaint against a Swedish citizen named Roger Nils-Jonas Karlsson and his company, Eastern Metal Securities (EMS), for orchestrating a multi-million dollar investment scam using bitcoin. Investors Duped of More than $11 Million...
Public blockchain platform Zilliqa (ZIL) has partnered with Singapore-based payments provider Xfers to explore the use of blockchain-based solutions in the digital payments space in Southeast Asia. This, according to a report by The Business Times, June 19, 2019. Making Payments More Efficient and Transparent The use of blockchain technology...
In a blog post published on June 18, 2019, decentralized exchange (DEX) Bancor announced that from July 8, 2019, its U.S.-based users will no longer be able to use the exchange to trade digital currencies. Unclear Regulations to Blame The decentralized P2P exchange blamed ambiguous crypto and blockchain regulations in...
