About Author:
Ashwath Balakrishnan
Ashwath is a financial market and technology junkie. He is a cryptocurrency investor, trader, and enthusiast. He has expertise in market psychology and explaining complex technology in a simple way. He aims to battle misinformation in the cryptocurrency space.
China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People's Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July...
The U.S. SEC, with guidance from FINRA, has offered an update on the current situation of custodial solutions with broker-dealers in an official release. The update offers clarity on how custodial and non-custodial solutions are going to be treated and the various benefits and drawbacks that apply to each of...
Grayscale Investments, a fund manager that allows investors to gain passive exposure to cryptocurrency, is restarting its private placement for its Bitcoin investment trust. In a press release by the company, they highlight the details of the placement and what passive exposure to BTC entails, July 8, 2019. Traditional Investment...
The latest buzz on Twitter is the supposed police raid of the TRON offices in China. This was eventually found to be false, however, as the police were instead called to protect employees from the wrath of an angry mob. The protestors arrived after a fraudulent scheme using TRON's name solicited investors...
The deputy governor of the Iranian central bank told media outlets that trading bitcoin and other cryptocurrencies within the country is illegal. Iranian residents took to the pioneer cryptocurrency as a means of securing their wealth as the Iranian Rial depreciated over the past three years, as reported by Tasnim...
After a request from a group of lawmakers, the IRS is expected to update its guidance for cryptocurrencies, first set in 2014. A July 6, 2019, report by the Wall Street Journal indicates that the U.S. is putting cryptocurrency at the top of its agenda. Penance or Peace for American...
Fidelity International, the investment service provider's European and Asian branch, is exploring its customers' perception of cryptocurrencies through the launch of a trading simulator dedicated to cryptocurrencies, as reported by FN London on July 8, 2019. Digital Currency Simulator This move comes amid Fidelity USA taking all the right steps to...
A new model of raising funds for political purposes is being put forth by a company called Peeps Democracy. As reported by MIT Technology Review, July 6, 2019, their new platform We the Peeps wants to let ordinary people raise money and vote on how the money gets used. While...
Interesting developments in Cuba have led to John McAfee offering his expertise in cryptocurrency to the Cuban government. Earlier this week, Cuba said they would study the use of cryptocurrency to circumvent U.S. sanctions on the country, as reported by Reuters, July 6, 2019. Mutual Distaste for the USA The one...
On July 5, 019, Flexa announced that Litecoin (LTC) payments are now live for merchant acceptance on their app. The blog post details why Flexa chose to adopt LTC and their partnership with the Litecoin Foundation. At the same time, Litecoin is outperforming the rest of the crypto market, with...
