About Author:
Aisshwarya Tiwari
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.
On May 20, 2019, The Next Web reported that major Dutch bank ABM AMRO had shelved its plans to launch a custodial cryptocurrency wallet called “Wallie” stating that digital assets are “just too risky.” ABM AMRO Is No Longer Interested in Cryptocurrencies One of the Netherlands’ premier banks, ABM AMRO...
On May 17, 2019, major cryptocurrency exchange Coinbase announced that it has expanded its Coinbase Earn initiative to more than 100 countries. Towards a More Inclusive Cryptoeconomy The U.S.-based cryptocurrency exchange platform introduced Coinbase Earn in 2018, which allows users to earn digital currencies for answering quizzes, completing simple tasks,...
Social media firm Facebook has set up a new financial technology firm in Geneva, Switzerland, Reuters reports, May 17, 2019. Facebook Quietly Sets up a Fintech Firm According to a filing with the Geneva Commercial Register, on May 2, 2019, Facebook Global Holdings II LLC registered a firm named Libra...
According to a press release published May 17, 2019, sports and entertainment blockchain startup Chiliz (CHZ) partnered with Binance Chain to give the crypto industry exposure to popular global brands in the sports industry. Bringing Crypto onto the Football Pitch Looking to bridge the gap between mainstream culture and the...
Hong Kong-based cryptocurrency exchange Bitfinex on May 17, 2019, revealed details about its utility token UNUS SED LEO. The native cryptocurrency will officially commence trading on Bitfinex from May 20, 2019. Bitfinex’s Answer to Binance’s BNB The rapidly increasing number of cryptocurrency exchanges has no doubt heated up market competition....
According to a Bloomberg report published May 16, 2019, a computer science professor from Cornell University, Emin Gun Sirer, is set to launch a cryptocurrency and blockchain network with financial backing from some of the most prominent VC firms in the tech industry. Ava Network to Tackle the Blockchain Scalability...
In a bid to ensure that India doesn’t fall behind in the global cryptocurrency race, tech industry lobby groups and crypto startup founders have asked India’s apex bank, the Reserve Bank of India (RBI), to include crypto-assets and digital tokens in its proposed regulatory sandbox framework for the fintech industry....
Citing data from blockchain research firm TokenAnalyst, Bloomberg reported on May 15, 2019, that the current boom in the price of bitcoin (BTC) might just be the consequence of investors withdrawing their holdings from large exchanges due to renewed ambiguity surrounding their financial health. Bitfinex Tether Fiasco Could have Indirectly...
Things went from bad to worse for the beleaguered cryptocurrency exchange Cryptopia when it came to light that it had been placed in liquidation after its failed attempts to restart the business. This according to a report by NZ Herald, May 15, 2019. Another One Bites the Dust Barring a...
Gambling project Xether has announced the launch of an eponymous gambling ecosystem enabling one to play for ETH without signing up while obtaining steady income. Xether CEO Alexei Mischenko says: “For a long while, we’ve been searching for the meeting point between modern technology, financial systems, and good old gambling....
