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.
According to new court filings, Bitfinex's parent company, iFinex Inc, has filed a discovery with relation to the $880 million seized from the exchange and its partner companies. These funds were held by Crypto Capital on behalf of Bitfinex and was seized by the FBI amid shadow banking allegations, as...
David Marcus spoke to a group of established bankers in Washington this week, and he once again highlighted Facebook's desire to launch the stablecoin as per regulatory demands. Marcus suggested that the core model of Libra can be changed if governments are unhappy with the current Libra prototype. This would...
Dash is one of the lesser recognized privacy coins but has exhibited some of the strongest use cases and adoption metrics. Despite more popularity residing with ZCash and Monero, Dash has progressed incredibly well. Cryptobuyer, a Latin American exchange and crypto merchant solution, has stated that Dash has been the...
Benoit Coeure, a French economist and executive director on the ECB, believes now is the time to step up the weight of regulation for digital currencies. As per Bloomberg, Coeure believes Bitcoin and other major FinTech innovations were being closely watched and allowed to unravel in their sandbox, but now...
Telegram Founder and CEO Pavel Durov has warned investors that refusing to delay the launch to April 30, 2020, will result in investors receiving only 77 percent of their funds back. If investors insist on getting their money released by the initial October 31 deadline, the token purchase agreements are...
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...
