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 press release published on December 29, 2018, Huobi Group’s cryptocurrency mining arm, Huobi Pool is set to launch the company’s first crypto trading exchange in Q1 2019. Notably, the exchange will use EOS as the base currency, leveraging its distributed proof-of-stake (DPoS) consensus method. World’s First EOS-Powered Cryptocurrency...
South Korea-based cryptocurrency exchange Bithumb has been acquitted of a lawsuit filed by an investor named Ahn Park. Park accused the trading platform of lax security measures which allowed hackers to steal his crypto holdings worth $355,000, reports Finance Magnets, December 26, 2018. Bithumb not Responsible for Compensating their Users...
According to a report published by Finance Magnates, on December 26, 2018, Japan-based company Mizuho Financial Group is primed to launch its yen-pegged cryptocurrency in March 2019. Mizuho’s Stablecoin to Be Launched in March 2019 The cryptocurrency being introduced by Mizuho will have parity with the Japanese yen and can...
Per a report published on December 25, 2018, Japanese internet giant GMO has decided to call off their business of manufacturing and selling cryptocurrency mining machines. Market Slump to Blame for Declining Profits According to the report, GMO’s in-house mining business profitability took a major beating due to the declining cryptocurrency...
According to a report published by Finance Magnets, on December 24, 2018, Bitcoin mining behemoth Bitmain has sacked its entire Copernicus team, which was responsible for the development of the firm’s Bitcoin Cash client. Bitmain to Cut its Workforce by half in the Coming Week Per sources close to the...
United Arab Emirates (UAE) is set to become the global leader in the infant cryptocurrency industry as its ICO regulations look to be finalized by mid-2019, reports The National, December 24, 2018. Capitalizing on Absence of Competitors While countries like the U.S., China, and India are still pondering over the...
According to a report published by Finance Magnates, on December 25, 2018, South Korean authorities have arrested nine cybercriminals for orchestrating drug deals using cryptocurrencies. Execute Illegal Transactions with DarkCoin On December 23, 2018, the Seoul Central District Prosecutors’ Office stated that the criminals arrested used the darknet and even...
According to a report by The National, published on December 21, 2018, the UAE’s Securities and Commodities Authority (SCA) is set to introduce ICO regulations in the country by the end of the first half of 2019. ICO regulations will ensure that businesses can raise capital in an efficient, secure,...
Singapore headquartered e-commerce firm Qoo10 is set to launch its blockchain-powered marketplace, reports Tech in Asia, December 20, 2018. Platform to Go Live on January 1, 2019 The newly unveiled DLT-based marketplace named QuuBe is slated to launch on January 1, 2019. The company also announced that QuuBe would use...
In a recent interview with Bloomberg, Binance CEO Changpeng Zhao stated that despite the ongoing bear market, he’s confident about the future of cryptocurrencies. On December 19, 2018, CZ gave a live interview to Bloomberg online and opined that digital currencies are “here to stay.” 2018 a Correction Year for...
The Times of India reported on December 20, 2018, that the cyber crime branch of Pune police had seized 452 bitcoins worth $1.8 million from one of the ten suspects involved in a cryptocurrency related Ponzi scheme case. Fraudulent Bitcoin Scheme Tricked Almost 8000 Investors As reported by BTCManager on November...
A recent Coinbase Medium post, published on December 18, 2018, suggests that the cryptocurrency exchange platform will now support DAI (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) crypto tokens. Support for these four cryptocurrencies will initially be available on Coinbase Pro. Coinbase Expands Support for ERC20 Tokens Coinbase continues to...
According to an article published by The Irish Times, on December 17, 2018, the High Court Bench in Ireland made a groundbreaking ruling. Authorities stated that ether (ETH) held by criminals serving time for the sale of illicit drugs constitutes the proceeds of crime. Ether Constitutes Proceeds of Crime While...
December in 2018 has been the polar opposite of December 2017 in the cryptoverse. While bitcoin and the altcoins were establishing new all-time high values during the last year’s monumental bull run, the bears seem to have completely pulled down the industry in 2018. Today, bitcoin is having a tough...
According to an article published by Bloomberg, on December 13, 2018, Basis, a stablecoin startup funded by the likes of Bain Capital Ventures, and Andreessen Horowitz has decided to call it a day due to the persistent ambiguity regarding classification of digital currencies as securities. Crypto Industry in Dire Straits...
