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.
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...
Ambiguity regarding cryptocurrency regulations in Hong Kong continues to be an Achilles heel for investors in the new asset class, as they cannot officially seek the help of the state’s financial regulator for redressal, reports South China Morning Post, November 26, 2018. Unclear Regulations to Blame for the Catch-22 Situation...
According to a report published by Spend Matters on November 26, 2018, blockchain technology could be successfully leveraged in the emerging Xaas (Everything-as-a-Service) business models and find its use across a number of industries, including food, supply chain, and medicine, among others. Usage Beyond Cryptocurrencies The majority of the people...
While the crypto market continues to see an abundance of red on the charts, it received a massive nod of approval on November 25, 2018. The Wall Street Journal reports the U.S. state of Ohio is set to become the first in the country to allow payment of taxes through...
It is not only the HODLers who are affected by the recent dip in the price of bitcoin, as a report by International Times, published November 23, 2018, posits that cryptocurrency miners in China are selling their expensive mining rigs at giveaway prices. Bitcoin Miners Not Able to Breakeven It...
According to a report published by Norway’s largest distributed newspaper Aftenposten, November 21, 2018, the Scandinavian country’s government has decided to do away with electricity subsidy provided to bitcoin mining entities. Bitcoin Mining Haven No More Subsidized electricity rates in the country made it an attractive destination for cryptocurrency miners the world over...
A businessman from Chandigarh, India, has lost approximately $1.4 million in a fraud masked as a potentially profitable bitcoin investment, reported The Times of India on November 22, 2018. During the police investigation, four people in total were arrested, one potentially being the key figure in the fraud and the other three...
Fusion (FSN), a decentralized, blockchain technology-based protocol for financial solutions, announced the launch of its upcoming Payable Stage Network (PSN), which will facilitate cross-border, cross-ledger, and cross-asset transactions, per a Medium post, November 20, 2018. Opportunity to Fully Explore the Network before Main Net Migration In a bid to conduct...
Nicholas Truglia, a 21-year old con man, residing in Manhattan, New York, was arrested by the local police at his apartment for hacking into others mobile phones to steal cryptocurrencies, reports New York Times on November 20, 2018. 21 Felony Counts for Trying to Steal Cryptocurrencies According to the officials,...
North Korea is set to host an international blockchain and cryptocurrency conference in April 2019, reports Independent UK, November 20, 2018. The conference will also see its attendees revel a seven-day tour of the country. Pyongyang to Host the Tech Conference Due to the difficult political climate in the country,...
