About Author:
1 Confirmation with Jeff and Dave
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.
tZero, a subsidiary of internet retailer Overstock, has announced it's working with Alliance Investments as their technology partner, as the latter aims to bring real estate tokenization across the U.K. The two companies will launch the bloc's first real estate backed security token offering (STO) by tokenizing $25 million worth...
Genesis Capital, an institutional crypto lending company, has seen a 38 percent increase in loans originated from Q2 this year, with $870 million worth of loans given out. As per their Q3 insights report, total originations in the last one and a half years stands at a whopping $3.1 billion,...
Synthetix Network, a financial dApp that allows users to invest in synthetic assets, has raised capital from Framework Ventures and a number of other undisclosed investors. With DeFi surging, many institutions are finally seeing a potential paradigm shift and investing in these protocols. Not long ago, Andreessen Horowitz bought $15...
David Marcus, head of Facebook's Calibra wallet spoke at the Money 20/20 conference about what Libra is trying to forge and their commitment to a 'noble' vision. The narrative that has recently been doing the rounds is that of Libra establishing a monopoly over the financial system. According to Marcus,...
Central banks across the globe have been reserved in their approach to digitization. These institutions are huge proponents of digital payments channels on a retail level, but when it comes to digitizing all currency, their worst fears kick in. According to a report published by IBM and the Official Monetary...
In early 2020, Bakkt will begin testing its consumer app along with one of its prime partners, Starbucks. The lifelong dream of Bitcoiners to walk into a Starbucks and pay for their coffee with sats is set to become a reality, according to Bloomberg, October 28, 2019. Consumer adoption is...
Network consensus is one of the most important aspects of running a decentralized blockchain. Bitcoin utilizes the Proof-of-Work (PoW) consensus mechanism, and so does Ethereum - but not for long. Binance Research believes Ethereum's move toward Proof-of-Stake (PoS) is a sign of its growing popularity with a new network, and...
Hardly two months ago, China was removing WeChat accounts of blockchain news operators and told hotels not to allow any cryptocurrency meetups. In an ironic turn of events, CN Ledger tweeted that it is now illegal to publish an article calling blockchain "a scam" in China. Plans to roll out...
Maker Protocol's stability fee is voted into existence with MakerDAO's governance mechanism. The stability fee is what helps keep DAI's peg afloat, and the confirmation of a reduction to 5.5% signifies a positive outlook on demand for DAI. As the price of ETH moves up, adoption metrics for DeFi protocols...
Around a year or two ago this time, it would've been laughable to suggest that China is going to become a global center for fintech innovation. Yet here we are today. China just passed a law regarding data encryption and cryptography that is set to be implemented in early 2020....
The amount of ETH locked in open finance applications broke its all-time high, with 2.37 million ETH - representing 2.19 percent of total supply - now locked in various financial protocols. Ethereum has been in the headlines a lot of late, as open finance and ETH 2.0 talks continue to...
When asked whether Twitter would be interested in joining the Libra Association, Jack Dorsey met the inquiring journalist with a prompt "hell no". Dorsey's reaction is not surprising in the slightest as he has previously spoken of his issues with a network like Libra. That being said, Dorsey sees immense...
Libra's troubles and downfalls often make headlines, but the potential impact of the system, if it's allowed to ship, is greatly ignored. Chinese tech giant Tencent has acknowledged that Libra has the ability to genuinely threaten the global payment rails. Libra is not a rival to just WeChat Pay, but...
Compound's money markets have quickly become one of the most utilized dApps in all of crypto. The enthusiasm for the protocol has yet to die down, even as Moloch and SpankChain CEO, Ameen Soleimani, released a detailed overview of Compound, highlighting how centralized it is. While this sparked debate and...
Mark Zuckerberg testified in front of Congress yesterday, and to questions thrown his way were riddled with suspicion and contempt. Members of Congress present for the heated testimony emphasized Facebook's inability to act on important issues such as election time misinformation, false advertising, and refusal to fact check any information,...
