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 an article published by Reuters, on December 4, 2018, VC arms of Nasdaq and Fidelity Investments have funded a new cryptocurrency exchange named ErisX. The startup successfully raised a total of $27.5 million during its Series B funding round. Giants Throw Their Weight behind ErisX Per sources close...
Nasdaq will list Bitcoin futures from early 2019, confirmed Express UK on December 3, 2018. The premier cryptocurrency is set to find its way through the robust New York-based exchange markets after obtaining clearance from the Commodity Futures Trading Commission (CFTC). Could Nasdaq’s BTC Futures Kick-start Another Bull Run? In...
A pre-solicitation document published by the Department of Homeland Security’s Small Business Innovation Research Program (SBIR), on November 30, 2018, hints that the U.S. authorities might be on their way to deanonymize private cryptocurrency transactions. This development might have a tremendous impact on privacy-centric digital currencies like Zcash (ZEC), and...
Cryptocurrencies are akin to natural catastrophes when it comes to unpredictability. However, HurricaneGuard has introduced a new solution which aims to take the natural disasters insurance sector by storm with the help of blockchain technology. The Puerto Rican brand makes use of smart contracts to facilitate automatic insurance payout in...
Switzerland’s financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA), unveiled a new set of guidelines on December 3, 2018, to propel the development of the local blockchain and cryptocurrency industry. Notably, local crypto startups will now be able to handle deposits of up to $100 million. Details of the...
One of the critical characteristics that trump P2P networks like Bitcoin and Ethereum over traditional mechanisms of finance is their degree of decentralization. Having the authority to make decisions distributed equally among all the participating entities ensures an efficient and transparent mode of transactions, unlike centralized mechanisms where the power...
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...
