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.
NatWest, one of the largest commercial banks in the United Kingdom, is in the process of getting a group software companies to help develop a platform that enables home buyers to go through the entire process from the comfort of their mobile phone. According to Finextra, 7 different software companies, including...
Brave, a privacy-enhancing browser for mobile and desktop, has reached over 40 million Android downloads. Although the browser doesn't require the use of any cryptocurrency, it is still considered a major part of the ecosystem due to its native Basic Attention Token (BAT). For context, Coinbase is the closest crypto...
Finablr, a listed UK entity and Ripple partner, is teaming up with Alipay to explore interoperable payments between users of the two platforms. The partnership will greatly improve Alipay's reach given Finablr's network of nearly 170 countries. Ledger Insights reports that the interoperability between the two platforms will be enabled...
The securities custody arm of HSBC is migrating its private placements database from paper to its own native blockchain. This move, according to Reuters, will enable HSBC to give its customers across the globe consummate access to their private securities database, November 27, 2019. Nearly $20 billion worth of HSBC securities...
The Chinese government is taking its regulatory hammering one step further by closing down unofficial Weibo channels that facilitate OTC trading between retail investors. According to Bloomberg, many Chinese investors held their money on exchanges such as Binance, OKEx, and Bitsoda and stand to potentially lose their holdings depending on...
Aeronautical blockchain firm Block Aero has been awarded a $37,000 grant to develop a supply chain focused blockchain network for Rolls Royce's aeronautics division. Ledger Insights reported that the blockchain will help stakeholders in the ecosystem seamlessly connect with each other and receive information with regards to maintenance and component...
Australia's Monash University in Melbourne has announced the launch of a blockchain research lab along with peer universities in the Asia-Pacific region. Joseph Liu has been appointed director of the Monash Blockchain Technology Centre (MBTC) and will coordinate efforts to improve blockchain adoption and awareness in the country, as reported...
The Thailand Securities and Exchange Commission (SEC) has announced they are looking into amending the royal decree issued for digital assets in May 2018. According to the Bangkok Post, the SEC has already given certain crypto companies permission to legally operate and serve customers in the region, November 25, 2019. Light...
Ripple's commitment of $50 million in equity funding to MoneyGram has finally been completed with the second investment of $20 million coming through. The capital will help MoneyGram expand their operations without putting financial pressure on the On-Demand Liquidity service provided by Ripple and MoneyGram. Ripple currently owns 9.95 percent...
One of the major themes of 2019 in the cryptosphere has been DeFi, or decentralized finance. Predominantly built on Ethereum, financial protocols aim to change the way people transact and save their money by allowing them to do so in a permissionless, overcollateralized manner. As per the Financial Express, Nuo...
