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.
The Australian Securities Exchange (ASX), which runs the stock market in the country, is postponing the launch of its blockchain-based post-trade solution as the situation with the Coronavirus worsens, per ZDNet. The uncertainty caused by the Coronavirus coupled with user requests has led the ASX to take such a decision, March...
Networking giant Telegram has run into a brick wall with their token sale and distribution after a judge in New York's Federal court ruled that the token fails the Howey Test. In the legal document, both the issuance and distribution have been blocked with a temporary order, March 25, 2020....
Tether, the stablecoin leader, has announced that it is launching on Bitcoin Cash as well. The Bitcoin Cash protocol uses a sub-protocol, called the Simple Ledger Protocol (SLP), to issue tokens on top of the blockchain base layer, per Bitcoin News, March 21, 2020. Stablecoins for Tumultuous Times The recent market crash...
Bitcoin has shown substantial stability in the last few days as legacy markets continued to crash, per Bloomberg, March 21, 2020. After the correlation between Bitcoin and the S&P 500 hit an all-time high over the last week, can Bitcoin make a move and set the tone for the revival of its...
Bitcoin's safe haven narrative fell through as large investors liquidated their holdings in search of cash and less risky assets. Cryptocurrency analytics firm Chainalysis reported that 70% of exchange activity came from institutions and high net-worth investors, per Bloomberg, March 19, 2020. Anatomy of the Recent Downturn Bitcoin was trading in the...
Automobile giant Toyota has revealed that it has been in the process of setting up a blockchain lab since April 2019. Various Toyota Group companies will allow for information to flow across the company in a secure manner using a distributed ledger. The company is now gearing up for external...
In 2018, security tokens were seen as the next big thing with cryptocurrency and blockchain, a narrative that has failed to follow through. Slowly, countries are opening up to the notion of security tokens. France's stock market regulator, the AMF, has proposed a sandbox for security tokens in Europe, which...
The English central bank has outlined its plans for a CBDC, confirming their intent to act on monetary innovation. According to the research paper, the digital currency will run in tandem with the Real Time Gross Settlement (RTGS) system with intermediaries in charge of issuance to the public, March 13,...
An effort to provide credit and facilitate payments for humanitarian aid has found the backing of large institutions such as a16z, Bison Trails, and Anchorage. Bloomberg reports that this may be a contingency plan if Libra goes awry, but the two initiatives don't have much in common, March 12, 2020. New Global...
The Financial Services Agency (FSA), Japan's premier regulator for securities, banking, and insurance, has announced the Blockchain Governance Initiative Network (BGIN) as a means of gathering stakeholders so they can broaden their understanding of the technology and implement it in a sustainable manner, as reported by Finextra, March 11, 2020....
