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.
Blockchain technology, in its relatively short history, has bulldozed through a number of industries to make their operations more transparent, quick and efficient. Some of the sectors where this emerging technology finds use-cases include supply chain management, real estate, finance, and medical, among others. Although the technology continues to find...
Prosecutors have opted to not appeal against the acquittal of former Mt. Gox CEO, Mark Karpeles, on charges of customer embezzlement, reports Japanese daily The Mainichi, March 29, 2019. Breathing Room for Mark Karpeles Ex-Mt. Gox CEO, Mark Karpeles, is one of the most well-known figures in the cryptoverse, albeit...
Innisfil, a town in Ontario, Canada, is ready to embrace digital currencies after its council voted in favor of a one-year cryptocurrency pilot project which will enable people to pay property taxes with bitcoin (BTC), reports CBC, March 28, 2019. Pay Property Tax with Bitcoin Cryptocurrencies continue to gain ground...
In a new twist to the controversial QuadrigaCX fiasco, the now-defunct cryptocurrency exchange’s former regulatory attorney Christine Duhaime says that the late CEO Gerald Cotten’s decision to rid the firm of “law and order folks” is what led to its dramatic decline, reports Bloomberg, March 27, 2019. Late CEO's Desires...
Germany’s second-largest stock exchange, Börse Stuttgart has partnered with digital publisher Axel Springer and its sister concern finanzen.net to launch a blockchain-based digital assets trading platform jointly. This according to an official press release published March 27, 2019. A Three-Way Cryptocurrency Exchange In December 2018, the crypto community got a...
According to new research from Messari, Stellar, the world’s eighth largest cryptocurrency project by market cap, suffered an “inflation bug” in April 2017 which enabled attackers to create additional 2.25 billion XLM tokens. This, per a report by crypto research firm Messari, published March 27, 2019. Hackers Minted 2.25 Billion...
Vladimir Potanin, Russia’s richest man, is mulling developing several digital market offerings including possible palladium-backed cryptocurrencies, reports Bloomberg, March 27, 2019. Palladium-Backed Digital Token The concept of commodity-backed cryptocurrency has ascended into prominence in a relatively short period. U.S. dollar-backed “stable coins” such as the ones issued by Tether and...
The Supreme Court of India is set to give its decision on the long-stretched cryptocurrency regulations case, reports Entrackr, March 25, 2019. According to the report, the country’s apex court will hear the case on March 29, 2019, which marks the end of the four-week deadline given to the government...
On March 26, 2019, South Korea’s central bank published 2018 Annual Payment Settlement Report. In the report, the country’s apex bank has given a summary of research it conducted on central bank digital currencies (CBDCs). Promising Future for Crypto Assets South Korea is one of the global hotbeds when it...
Binance, the world’s largest cryptocurrency exchange by trade volume has entered into a partnership with risk management and data security firm IdentityMind, reports Forbes, March 26, 2019. Binance Ups its Security Game Per sources close to the matter, IdentityMind will provide its Know Your Customer (KYC) and Anti-Money Laundering (AML)...
On March 25, 2019, international peer-to-peer (P2P) cryptocurrency exchange platform LocalBitcoins announced through a blog post that it would soon come under the purview of the anti-money laundering (AML) law supervised by the Financial Supervisory Authority (FSA) of Finland. Legal Status in Finland Come November Countries the world over are...
Bitmain’s initial public offer (IPO) application with the Hong Kong stock exchange (HKEX) officially expired on March 25, 2019, a Twitter user with the name Dovey Wan noted. With this, Bitmain’s ambitions for an IPO in Hong-Kong have officially come to an undesired end. After its official IPO filing with...
For every emerging industry to taste mainstream success, support from the existing government regimes is a must. To put weight on this claim, one need not look any further than the Internet during the 90s. During the last decade of the 20th century, when the Internet was still very much...
Citing a report from blockchain data firm Bitwise, Bloomberg reported on March 23, 2019, that contrary to the previously held assumptions, cryptocurrency exchanges in the U.S. handle as much as 29 percent of global bitcoin trade. U.S. Exchanges Better Regulated than Previously Thought Emerging industries typically find themselves shrouded in...
Popular international payments company Western Union has entered into a partnership with Thunes, a cross-border payments fintech startup, reports Finextra, March 21, 2019. The newly forged alliance allows Western Union customers to transfer funds directly into the recipient’s mobile wallet around the world. Ensuring Enhanced Financial Inclusion Enabling seamless cross-border...
