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.
An expected turn of events has once again occurred as the SEC released a public filing stating their intent to gather more public commentary on Wilshire Phoenix's Bitcoin ETF proposal before coming to a conclusion, September 24, 2019. It is worth noting Bitwise's ETF proposal was not addressed, and this...
The New York Supreme Court has ruled in favor of Bitfinex for a motion to refuse document submission until the appeal for whether this is even the correct jurisdiction for the case has been decided. According to Forbes, this is merely short term relief, as if the appeal by iFinex is...
One of the primary reasons that Bitcoin bulls are so full of hope and euphoria is the constant manipulation and complexity in global economics. Central banks are constantly changing their outlook and looking for ways to either inject or withdraw liquidity from the market. According to a piece by Forbes, this poses...
After several of the most powerful countries voiced their concerns regarding Libra, Japan has joined in on urging for a cooperative framework to mitigate the risks posed by Libra. Reuters reports events from a meeting between Bank of Japan officials and business persons in Osaka, September 24, 2019. Growing Uncertainty for...
Chinese officials have confirmed that they have no timetable in place for the launch of their central bank digital currency (CBDC). This comes just weeks after a formal announcement by the PBoC that a launch is being scheduled by year-end. Global Times reports, September 24, 2019, that China is actively...
Earlier this year, MakerDAO announced that they would be phasing in multi-collateral contracts. This would give users the ability to enter a Collateralized Debt Position (CDP) by using asset chosen by the community as collateral, instead of just ETH. The Foundation has rewritten the entire smart contract core, so this...
Blockchain analytics firm Elementus has raised funding from several funds, including one linked to Fidelity Investments and Morgan Creek Digital. The firm aims to broaden analytics in the space by monitoring the use of cryptocurrency for illicit activities, similar to what Chainalysis does, as reported by Fortune, September 23, 2019. Tracking...
Stephen Schwarzman, CEO of investment firm Blackstone, has offered his thoughts on the euphoria regarding blockchain and bitcoin. Schwarzman labeled bitcoin an 'odd' investment but admitted that the notion of a blockchain is quite interesting and sound, as reported by Forbes, September 22, 2019. Another Banking Veteran Against Bitcoin It comes...
The much-awaited launch of Bakkt was successfully completed, with contracts for institutional participants available for trade over the platform. A Bloomberg report highlighted the different types of contracts to be launched and what's next on Bakkt's agenda, September 23, 2019. The Road to Physical Settlement Bakkt's journey so far has by...
Blockchains are now enabling customers to avail privacy-enhanced service offerings, starting with Nebula Genomics' Anonymous Sequencing. As per a blog post, customers can submit their genome sample without any other personal information, September 19, 2019. Payments for the service are also excited using a pre-paid debit card or cryptocurrency. Harmony...
