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.
A report by RNZ published April 26, 2019, states that a Samoan church has been implicated in a global multi-billion cryptocurrency fraud scheme. Crypto Scam Knocks the Doors of Churches The tentacles of crypto-based crimes now seem to have gripped religious institutions as highlighted by a recent development in the...
New technologies such as artificial intelligence (AI) and blockchain are increasingly being used in the law industry to make it more efficient and transparent, said Zhang Wen, president of Beijing Internet Court, at the China Intellectual Property Protection (CIPP) Forum 2019. Local media outlet Global Times reports April 26, 2019....
According to a Reuters report published April 26, 2019, the armed offshoot of Hamas group is using complex methods of raising funds via digital currencies, making it difficult for regulators around the world to crack down on terror financing. Financing Terrorism Cryptocurrencies and their use in the financing of terror...
The government of India has drafted a bill to completely ban cryptocurrencies and regulate official digital currencies, reports The Economic Times, April 26, 2019. Things Go from Bad to Worse Since its inception, the growth of the Indian cryptocurrency ecosystem has been continually stalled due to government and Reserve Bank...
According to an official notification published April 24, 2019, by the U.S. Department of Justice for Oregon, two Nigerian nationals have been charged in a 13-count indictment with regard to their alleged involvement in an online bitcoin fraud scheme. Criminals Continue to Use Digital Currencies The rising popularity of cryptocurrencies...
U.S.-based supermarket kiosk chain Coinstar, in partnership with blockchain startup Coinme, announced on April 24, 2019, that it is expanding the footprint of its bitcoin-buying service across 19 states and 2,000 locations in the country. Bitcoin Fever Continues to Surge Through the U.S. Coinme, a venture-backed fintech startup that is...
According to a Bloomberg report published April 25, 2019, Singapore-based Liquidity Offset Network, the world’s first clearinghouse for crypto derivatives could launch as early as July 2019 should it get the green-light from the Singapore Monetary Authority (SMA.) Ushering in the Era of a New Asset Class Towards the end of...
According to a Bloomberg report published April 24, 2019, an increasing number of companies are using blockchain technology to track the supply chain of valuable minerals like gold, tin, tungsten, and tantalum, among others. Blockchain Helping Shape a Trillion Dollar Industry Blockchain, which made its way into the mainstream as...
NTT Communications Thailand, the Thai subsidiary of Japan-based NTT Group is set to establish an “innovation lab” to pilot and develop Internet of Things (IoT), artificial intelligence (AI), and blockchain-based solutions to foster the country’s digitization reports Bangkok Post, April 23, 2019. Fostering Blockchain, IoT, and AI Thailand, unlike other...
Societe Generale SFH, a subsidiary of one of Europe's largest financial services groups, Societe Generale Group, on April 23, 2019, announced that it had issued the first covered bond as a security token on the public Ethereum blockchain. $122 Million Bond on Ethereum Blockchain An increasing number of banks and...
Leading tech company Samsung is said to be developing an Ethereum-based blockchain network with plans to issue its digital token down the line, Coindesk Korea reports April 23, 2019. Samsung Coin Could Be a Reality Citing a person “familiar with Samsung’s internal situation,” Coindesk Korea reported that the tech giant’s...
According to an article by Forbes published April 23, 2019, crypto lending startup BlockFi has slashed its minimum bitcoin deposit required to earn monthly interest from one BTC to 0.5 BTC. The startup has also announced that it will expand its business to India. BlockFi Slashes Required Amount of Bitcoin...
Fortune reported on April 23, 2019, that U.S.-based cryptocurrency exchange Coinbase has shut down its Chicago office. The report adds that the exchange would also scale back on its plans to develop a new “matching engine” product to facilitate high-frequency trading for its clients. Coinbase’s and Chicago San-Francisco-based Coinbase is...
Coinbase, one of the largest cryptocurrency exchanges in the world by reported trading volume has shuttered its political action committee (PAC). This was revealed in the exchange’s official filing with the Federal Election Commission (FEC) on April 3, 2019. According to a filing with the FEC, the regulatory agency in...
Cryptocurrency exchange Kraken on April 21, 2019, announced that it has listed Cosmos (ATOM), a proof-of-stake digital currency that utilizes the Tendermint consensus protocol. Kraken’s users will now be able to buy, sell, and store ATOM digital tokens. Kraken Lists ATOM After following Binance and other exchanges in delisting the...
