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.
In a press release to Cision, April 29, 2019, Galaxy Digital Holdings, the investment fund run by ex-Fortress fund manager Michael Novogratz, has announced a net comprehensive loss of $272.1 million for the last year. Reportedly, the majority of the decline is from the sale of digital assets at a...
After the recent announcement of a bill that will potentially ban virtual currency in India, BTCManager has summarized reports from the Reserve Bank of India (RBI) and the litigation surrounding the current blanket ban. Gaining Legitimacy Until early 2017, cryptocurrency was merely an intriguing technology for a handful of engineers...
The Bitcoin Cash (BCH) community is preparing itself for another hash war as an unknown miner with Satoshi’s name in the block’s coin base accounts for 44% of current BCH hash rate. A Reddit user posted these findings on April 29, 2019. Siren goes off for Hash War As BCH prepares itself...
The Aston Plaza in Dubai, the first real estate project to be sold in Bitcoin, has reportedly hit a regulatory "snag" as authorities have called the promoters past business ventures into question. This according to an April 29, 2019 report from The Next Web. Regulatory Hurdles The promoter for the Aston...
After the mainnet launch in January 2019, Zilliqa (ZIL) is finally swapping ERC-20 tokens for its native blockchain token. Exchange support is live and phase one is complete with the likes of Binance and Upbit having successfully migrated tokens. All token swaps are being done on exchanges and the Moonlet...
After DAI has been persistently trading below its par value of one dollar, Maker has called for another vote to increase the stability fee by an additional two percent in an official blog post, April 26, 2019. This marks the sixth fee increase in the last two months, as a...
The Paxos stablecoin (PAX) will launch on the Ontology (ONT) blockchain by May 2019. Paxos, a regulated stablecoin with the approval of the New York State Department of Financial Services (NYSDFS), will enable business operations on the Ontology blockchain by eliminating the volatility associated with cryptocurrency. Trustless Blockchain Meets Audited...
Basic Attention Token (BAT) now has 100,000 publishers who accept the token as a form of payment and tips for their services. BAT is the native token of the Brave browser and users who use the browser can now earn tokens by viewing advertisements. Giving Chrome and Safari a Run...
Peter McCormack, the host of the What Bitcoin Did podcast, has alleged that London Block Exchange (LBX) has been insolvent since Autumn 2018. The staff has not been paid since December 2018, creditors are owed millions of GBP, and the employee pension deductions never reached the pension fund as they...
After the New York State Department of Financial Services (NYSDFS) accused Bitfinex of covering up to $850 million worth of losses with issued Tether, over 700,000 ether and 17,000 bitcoin have been moved out of recognized Bitfinex cold wallets. Cryptocurrency Moved from Cold Wallet New York State Attorney General, Letitia...
