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.
According to a BloombergQuint report published April 17, 2019, Gerald Banks, a financier who has in past managed part of a Russian oligarch’s business venture is set to open a cryptocurrency derivative fund. Financier Launches Cryptocurrency Hedge Fund Cipher Technologies Russian business tycoons are notoriously famous for their appetite for...
Israeli tech startup Sirin Labs, which launched the world’s first blockchain smartphone called Finney last year has laid off 15 of their total 60 employees, as reported by Globes on April 15, 2019. Sirin Labs Fires 25 Percent of its Workforce Sirin Labs, an Israeli tech startup that roped in...
The tax treatment of cryptocurrencies has been a matter of constant back and forth since their inception. On one end, regulators argue that digital currencies are no different than traditional equity stocks which put them in the same bag as government-approved securities. Conversely, crypto evangelists and lobbyists opine that cryptocurrencies...
A report published by ABC News on April 16, 2019, states that Russia’s lower chamber of parliament has passed a bill that gives more power to the Russian government over the country’s Internet traffic. Russia Tightens Grip on the Internet Internet censorship has become one of the burning social issues...
Accounting giant Ernst & Young (EY) on April 16, 2019, announced its private transaction blockchain protocol called "Nightfall" on the public Ethereum network. Taking the Road Less Traveled Although blockchain technology is still very much in its infancy, companies the world over are not shy to use it in innovative...
The US state of Ohio, in its 132nd General Assembly, passed Senate Bill 220 which essentially places it as a national policy leader on the use of blockchain technology. This according to a report published April 16, 2019, by AI Thority. Ohio Looks to Go All in on Blockchain In...
France looks determined to push for regulation of cryptocurrencies in Europe as its Finance Minister, Bruno Le Maire said on April 15, 2019, that he will urge his European Union partners to set up a uniform crypto regulatory infrastructure, Reuters reports. Adopting the French Experience France has quickly established itself...
According to a Medium post published April 15, 2019, Winklevoss brothers-backed Gemini cryptocurrency exchange has completed the SegWit upgrade of its Bitcoin wallet. Gemini Upgrades to SegWit Protocol The Winklevoss brothers’ affinity for cryptocurrencies is no secret. For the multi-millionaire twins, the success of digital currencies is not a question...
A research paper published by Cornell Tech and several other universities states that “flash boys” trading bots are likely behind cryptocurrency trading manipulation on a number of exchange platforms, reports Bloomberg, April 15, 2019. Research Claims DEXs Are Plagued by Trading Bots The novelty of cryptocurrencies as an asset class...
Spanish football club Real Madrid has signed a business deal with Fantastec SWAP, a blockchain-based football collectibles app, reports SportsPro, April 12, 2019. Hala Blockchain Blockchain-powered businesses are slowly making their presence felt on the football pitch as it was reported that one of the world’s most commercially successful football...
According to a press release published April 12, 2019, the International Chamber of Commerce (ICC) has partnered with blockchain firm Perlin to propel the adoption of the nascent technology among the 45 million member businesses it represents in more than 130 countries. A Gargantuan Push for Blockchain Adoption In one...
A survey by Pew Research Center conducted from January 8, 2019, to February 7, 2019, posits that despite the spike in controversies over data privacy, fake news, and censorship on social media, the number of U.S. adults who engage in social media websites has remained relatively stable since early 2018....
South Korea-based cryptocurrency exchange Bithumb suffered a mammoth loss of $180 million (205 billion Korean won) in 2018, reports The Korea Times, April 10, 2019. A Series of Unfortunate Events Although the current sentiment in the crypto market has a slightly positive shade to it, things were not so hunky-dory in 2018...
Blockstack Token LLC has filed an offering statement with the U.S. Securities and Exchange Commission (SEC) to conduct a $50 million token offering later this year using the financial watchdog’s Regulation A+ framework. This according to a blog post published April 11, 2019. Setting a Precedent Blockstack, a decentralized privacy-oriented...
Malta-based cryptocurrency exchange Binance announced that they have partnered with blockchain security firm CipherTrace to bolster their anti-money laundering (AML) measures. This according to a Binance blog post on April 11, 2019. Recent Developments Call for Extra Security Measures The use of cryptocurrencies to orchestrate money laundering schemes has been a...
