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.
Cryptocurrency data provider CoinMarketCap has enabled a new tool on its website for users to find out the best interest rate on each platform to earn a lending yield. With the advent of DeFi, more and more people are looking at methods of earning passive income on their holdings via...
Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate digital currencies or watch your monetary monopoly lose power. Sources at Bloomberg believe the IMF has finally understood that the shift from a bank-based system to...
Investment management firm, Wilshire Phoenix, has refiled their Bitcoin ETF proposal with the SEC to include a few new clauses and arguments in favor of the product. The new filing completely supersedes the previous one, which could warrant the SEC delaying their decision to closely study the amendment, October 16,...
Whilst it's true that the United States is the single largest country in terms of exchange-based purchasing volume, China has surged past them in terms of over-the-counter (OTC) Bitcoin and Tether trading volume. Ignoring Asia as one of the frontlines of crypto is no longer viable. According to Bloomberg, the...
It's no surprise to anyone in this space that over 1000 projects have been declared dead or inactive. In 63 percent of deadcoins, the reason for death was loss of traction and investor interest whilst 30 percent died due to their scammy nature. Putting this together, LongHash estimates that 93...
The growth in stablecoin usage has soared since late 2017, and this has regulators and government bodies across the world incredibly worried. A new report formulated by central bank officials of the G7, the IMF, and the Financial Stability Board, believe that global stablecoins pose a systemic threat to the...
The development of Libra has taken a blow after four online giants bowed out of the Libra Association. Stripe and Visa are moving away from the project to focus on their own core operations, but they've kept the door open for a possible return if regulatory headwinds clear, as reported...
The upcoming launch of GRAM tokens has become somewhat of a spectacle for the cryptocurrency community in recent months. With final token disbursement on the horizon, the SEC has filed for emergency action against Telegram and Telegram Open Network (TON), both of whom are offshore entities to the United States....
The store of value narrative for Bitcoin has been gaining a solid amount of traction over the years, notably naysayers have used the supposed lack of solid data to deny the benefits of Bitcoin in an investment portfolio. New research from VanEck suggests that this is completely wrong, as there...
CME Group's global head of equity products, Tim McCourt, believes that Asian traders and miners will welcome their Bitcoin options product with open arms come Q1 2020. As per an interview with South China Morning Post, CME anticipates greater demand for options contracts given the immense benefits of using it as...
President of the Russian Central Bank, Elvira Nabiullina, believes there is no immediate need for Russia to explore launching a sovereign digital currency. Despite having studied and researched these topics, the central bank doesn't believe there are any obvious benefits to the economy, as reported by TASS, October 10, 2019...
Facebook chief, Mark Zuckerberg, will testify in front of Maxine Waters led House Committee for Financial Services on in two weeks. After David Marcus sat through two days of difficult questions, the committee insisted on Zuckerberg coming down himself, and he has obliged. As per Bloomberg, the committee plans to...
The IRS has released its first cryptocurrency taxation guidance since 2014, when it ruled that all virtual currencies are property and taxed as such. According to Bloomberg, several notable accountants and lawyers see this is a great move, as it gives investors more clarity and paves the way for reasonable...
During a parliamentary confirmation hearing, the European Commissioner for Financial Stability and Financial Services, Valdis Dombrovskis, said that the E.U. is planning to regulate cryptoassets following the unanticipated wake-up call from Libra. Bloomberg reports that Libra has shocked global regulators into action, and the E.U. is determined not to be left...
UNICEF announced, in New York City, that they are rolling out the 'UNICEF Crypto Fund' in order to use cryptocurrency donations received to disburse grants to projects around the world that are trying to improve the quality of infrastructure, education, and connectivity, October 9, 2019. Aya Miyaguchi, executive director of...
