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 press release issued June 4, 2019, the U.S. Securities and Exchange Commission (SEC) stated that it was suing Kik Interactive Inc. for conducting a $100 million illegal initial coin offering (ICO) of digital tokens. SEC Goes Hard on Kik Kik, a social media turned crypto firm has been...
According to a press release issued on June 3, 2019, by global research and advisory firm Gartner Inc., 90 percent of current enterprise blockchain platform implementations will be rendered obsolete by 2021. Blockchain’s Benefits Blown out of Proportions Perhaps the technology that powers cryptocurrencies is not all that revolutionary as...
Justin Sun, the founder of TRON (TRX), bid a record $4.57 million to win an eBay charity auction that would allow him to have lunch with investment wizard Warren Buffet, Bloomberg reports, June 3, 2019. Sun Meets Buffet Sun, the founder of smart contract platform TRON, is well-known within the...
Authorities in India have unearthed another cryptocurrency scam that seems to be tied up to the alleged chief of BitConnect Asia, Divyesh Darji. This, according to a report by The Next Web, June 4, 2019. Another Day, Another BitConnect Scam in India It’s no surprise that countries with unclear regulations...
In a bid to bring more transparency to the supply chain of pharmaceutical goods, retail giant Walmart has joined blockchain consortium MediLedger, Coindesk reports, June 3, 2019. Tracking Pharmaceutical Goods with Blockchain Although blockchain technology is making encouraging inroads across myriads of industries, its utility in the supply chain management...
In a blog post published June 3, 2019, Malta-based cryptocurrency exchange OKEx announced that it's subsidiary firm OKLink will launch a U.S. dollar-pegged stablecoin called USDK. Incoming: OKEx Stablecoin The stablecoin fever seems to be catching up with cryptocurrency exchanges across the world. Following the footsteps of exchanges like Gemini...
Major U.S. insurance companies, State Farm and the United Services Automobile Association (USAA) are jointly testing a blockchain solution that aims to automate the process of automobile claims. State Farm announced the development on May 30, 2019. Blockchain to Streamline the Cumbersome Insurance Process The long untouched insurance sector could...
Major cryptocurrency wallet provider, Blockchain, is set to add support for dollar-pegged stablecoin PAX to its mobile wallet, crypto publication Coindesk reports, May 31, 2019. Blockchain Wallet Adds PAX Stablecoin In a bid to increase the use of cryptocurrencies en masse, digital currency wallet provider Blockchain.com will soon introduce support...
On May 29, 2019, Popo Chen, the founder of cryptocurrency exchange Cobinhood cleared the air surrounding the trading platform in stating that reports of the exchange filing for bankruptcy or pulling an exit scam were false. A Series of Unfortunate Events On May 21, 2019, based on Twitter user @SandorReport’s...
According to a Bloomberg report published May 31, 2019, bitcoin’s use for economic transactions is still tremendously low despite the recent surge in its price. Not so Bullish Behind the Price It would be fair to say that the recent spike in the price of bitcoin has been largely successful...
Cryptocurrency exchange Coinbase announced on May 30, 2019, that it had added support for EOS (EOS) at Coinbase.com and in the Coinbase Android and iOS apps. Buy, Sell, and Store EOS at Coinbase Users of the cryptocurrency exchange platform Coinbase can now buy, sell, convert, send, receive, or store EOS....
Cryptocurrency exchange Binance published a blog post on May 30, 2019, stating that it would airdrop 3,000 BNB coins to celebrate the successful completion of the Harmony (ONE) initial exchange offering (IEO) on Binance Launchpad. The announcement by the exchange came a few hours after Harmony announced that it would...
According to a Bloomberg report published May 29, 2019, popular fintech company Robinhood Markets Inc. has turned to Chicago-based trading firm Jump Trading LLC. to help it buy, sell, and store cryptocurrencies like bitcoin (BTC), ether (ETH), and others. First Mover Advantage California-based fintech startup Robinhood is following an aggressive...
According to a press release issued May 29, 2019, Japanese e-commerce giant Rakuten Group’s subsidiary, Rakuten Wallet, entered into a partnership with blockchain security firm CipherTrace to bolster its upcoming cryptocurrency exchange’s anti-money laundering (AML) measures. CipherTrace Lands Deal with another Cryptocurrency Exchange Earlier in March 2019, Japan-based e-commerce conglomerate...
The Central Bank of The Bahamas (CBOB) is set to move one step closer toward a nation-wide digital payment structure as it looks to ink a business partnership with transaction provider NZIA.io on May 30, 2019. This according to a report by The Nassau Guardian, published on May 29, 2019....
