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.
A few days ago, it was revealed that a gambling dApp, FairWin, had created a smart contract with a number of vulnerabilities. FairWin had given themselves the ability to drain a smart contract of all the ETH it contained. This vulnerability was spotted only after the project gained popularity, and...
Decentralized finance (DeFi) refers to the use of decentralized protocols to transfer value and access financial services in a permissionless manner. Amongst the latest trends is an incredibly exciting new shift toward DeFi. Forbes reports that traditional financial companies are starting to explore opportunities in the space, September 29, 2019. ...
Major cryptocurrency exchanges have come together to formulate a rating model for cryptocurrencies to justify the listing of a cryptoasset to American regulators, as reported by Wall Street Journal, September 30, 2019. Previously, the SEC has brought the power of the law down upon multiple startups for issuing a security...
Distributed Computing Lab (DCL) has developed a radically innovative cryptocurrency that secures a network without centralization and emits a tiny fraction of carbon dioxide relative to that of Bitcoin (BTC). Each BTC transaction has emissions close to 300 kg, while DCL's emits a mere few grams, as reported by MirageNews,...
Binance has formally announced they will launch a staking service for networks such as NEO, Ontology, Stellar Lumens, and Komodo, September 26, 2019. Staking has been gaining an increasing amount of attention of late as more and more network look at Proof of Stake (PoS) as a replacement for consensus...
MakerDAO has announced the relaunch of OasisDEX to increase the depth of DAI trading and allowing users to trade, and create liquidity, for the assets included under Multi Collateral DAI (MCD), September 26, 2019. This mechanism will allow for decentralized trading of Maker (MKR) to channel more efficient price discovery....
Governments have finally stood up from the sidelines and are actively embracing the innovation brought about by cryptocurrencies. While their approach is not novel, it is a more secure and efficient way of conducting activity in the same way it is done today. In a relatively in-depth blog post, the...
Fold App has introduced a non-custodial way for users around to globe to transact with and spend their bitcoin. As per sources close to Coindesk, the startup has raised $2.5 million from the likes of Fulgur Ventures and CoinShares, September 26, 2019. Fold currently enjoys a strong USP as they focus...
Ex Federal Reserve senior official, Simon Potter, has rebutted against Mark Carney's recent suggestion to introduce a digital currency to be used as the global reserve currency for international settlement. According to BNN Bloomberg, Potter believes there are numerous benefits countries receive for using the dollar to settle international trade balances,...
Emisoft has released a free fix for the WannaCryFake variant of the WannaCry ransomware that has been targeting businesses since 2017. The software aims to help users get access to their encrypted data without paying the ransom demanded by hackers. Files are locked using the AES-256 encryption mechanism, and Emisoft's...
