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 is being tested by the Revenue Department of Thailand to keep track of value-added tax (VAT) payments, reports Bangkok Post, December 3, 2018. If successful, Thailand could become the first country in the world to utilize distributed ledger technology (DLT) for tax purposes. Leveraging Blockchain Technology to Fight...
According to an article published by Deutsche Finanz, November 29, 2018, Munich-based private equity firm Xolaris is set to launch a $50 million bitcoin farming fund to expand its business into the Asian market. This comes at a time when the market crash has forced many small-scale miners to throw...
For cryptocurrency investors, security and transparency take the driver’s seat when selecting the exchange in which to do their trades. And because several exchanges resulted in exit scams and regulatory non-compliance, investors find it increasingly difficult to find trusted exchange platforms. ProBit Exchange answers to this by launching a digital...
According to an article published by Finance Magnets, dated December 3, 2018, Canadian firm Squire Mining is set to purchase CoinGeek, a cryptocurrency news website, and mining pool operator. Acquisition Cost Close to $45.3 Million Based out of Vancouver, Canada, Squire Mine is an ASIC chip designing firm with a...
According to an article published by The New York Times on November 30, 2018, blockchain technology could prove to be a game changer for the jewelry industry. The innovation’s inherently transparent and immutable nature could mitigate the risk of counterfeiting within the fragmented supply chain specific to the industry. Increasing...
VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018. The launch entails the birth of the world’s first enterprise-grade DLT platform in the oil and energy industry. Improved Security and...
Canada-based cryptocurrency mining company Fortress Blockchain Inc. announced its Q3 2018 financial results through a press release, published November 28, 2018. One of the key takeaways from the report is the dip in gross mining margin from $740,872 in Q2 2018, to $384,274 for the quarter ending September 30, 2018....
Taiwan-based computer hardware giant ASUS is the latest player in the block to join the cryptocurrency mining party. According to a report by Hard Fork, published November 29, 2018, ASUS is persuading gamers to mine cryptocurrencies when their gaming systems are not in use. Partnership with Quantumcloud to Develop Mining...
The growing popularity of cryptocurrencies has forced cybercriminals to invest resources in the development of more robust mining technologies to replace the typical ransomware Trojans, reports Kaspersky Lab’s cyber threat research arm Securelist, November 28, 2018. Cryptojacking Almost as Famous as Ransomware Attacks A cybersecurity bulletin titled “Story of the...
The FBI has arrested the CEO of Dallas-based AriseBank on November 28, 2018, reports Dallas News. The arrest was made after allegations of company CEO, Jared Rice Sr. duping hundreds of investors out of more than $4 million. Reportedly, Rice had tricked the investors into a ponzi cryptocurrency scheme, promising...
According to an article by TechCrunch, published November 28, 2018, Amazon Web Services announced its entry into the world of blockchain technology at the AWS Invent event, where it unveiled two new services called Amazon Quantum Ledger Database (QLDB), and Managed Blockchain. Centralized Blockchain Popular Among Corporations Unveiled at the...
A report published by the World Trade Organization (WTO), on November 27, 2018, claims that blockchain technology could potentially add $3 trillion to international trade and finance by 2030. However, it also mentioned that blockchain should not be considered a panacea, and a careful cost versus benefit estimate is required...
One of the chinks in the armor of blockchain technology is its intensive energy consumption. However, a report by Harvard Business Review, published November 27, 2018, sheds light on some of the lesser, and even nil, energy-consuming alternatives that can pave the way for DLT to be the global disruptor...
Cryptocurrency exchange Coinbase’s VC arm – Coinbase Ventures, has invested in a new project named “Securitize” in a bid to propel blockchain technology-based securities industry in the U.S., reports TechCrunch, November 26, 2018. Securitize Scores Big with Major Investors Brian Armstrong led Coinbase is one of the heavyweights that has...
According to a report published by Bloomberg, November 26, 2018, the Bitcoin Network’s hash rate has dropped by a whopping 24 percent from its ATH in late August 2018. This, in turn, could force many small and medium scale bitcoin miners to abandon their mining operations due to the inability...
