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.
A mini-report by The Tie in the form of Twitter thread has strung together some very intriguing data points to build a case for social manipulation in cryptocurrency investing. Overhyped coins and appealing to humans irrational decision-making process has helped hoards of bots influence newcomers. The Tie developed their own...
The much-awaited launch of futures contracts that are settled in BTC finally has a date to it. On September 23, 2019, Bakkt will launch futures contracts with warehousing infrastructure to allow for high-grade institutional trading and hedging. FTX and Beaxy have futures contracts, but this is merely used for speculation...
Now boasting a cumulative $7 billion in assets under custodial arrangements, the acquisition of Xapo has rendered Coinbase as the single largest cryptocurrency and digital asset custody company. The registry of clients exceeds 120 different institutions in 14 countries. Xapo has been pioneering crypto assets, along with BitGo, since 2014,...
The Internal Revenue Service (IRS) has been sending out a fresh round of letters to a select group of taxpayers, informing them that their tax returns do not match the information provided by exchanges. The report from Bloomberg, August 15, 2019, confirms that the information the IRS possesses was given to them...
The Indian Supreme Court has held the initial hearing for the court case between the RBI and the Internet and Mobile Association of India (IAMAI), a not for profit body to enhance online services. The IAMAI appointed Mr. Ashim Sood as their counsel, representing the interests of cryptocurrency companies in...
The Association of Cryptocurrency Startups and Enterprises, Singapore (ACCESS) is looking to facilitate public discussion of their newly formulated code of practices. As per a report from Strait Times, the code aims to tackle a variety of issues like money laundering, financing global terrorism, and many other crucial issues that need...
HIVE Blockchain has entered into a strategic agreement with Blockbase to be the HIVE's software and maintenance service provider for mining operations in Sweden, as per a press release, August 13, 2019. Blockbase's expertise in the realm of operational software will help HIVE optimize their GPU mining by increasing efficiency...
The Argentine Peso depreciated almost 25 percent against the USD overnight, showcasing the incremental damage being done to an already ailing economy. Economists across the globe have differing views as to how Argentina can tackle this crisis. According to analyst Alex Kruger, Argentine residents flock to the USD in an...
COTI Network has revealed their Global Trust System (GTS) will be deployed on the Chainlink mainnet to help solve the reputational issue on the platform, as per a blog post, August 12, 2019. Chainlink has the potential to truly decentralize data collection for smart contract execution and COTI will play...
An anti-crypto lawyer from India, Vijay Dalmia, put forth his perspective on the current situation in the country on Mondaq, August 13, 2019. Notably, he discusses the Benami Act, 1988, which can cause incrimination for crypto investors who choose to stash their holdings with relatives or peers in countries with more...
VanEck, Bitwise, and Wilshire Phoenix have all had their ETF proposal decisions postponed by the SEC. According to the circular issued by the regulator, August 12, 2019, the commission decided the most coherent option they had was to further study these proposals and the market before making a decision. The...
The likes of Square, PayPal, Circle, and Skrill have been the silent drivers of the Bitcoin adoption movement. As seen in a report by Forbes, August 12, 2019, Coinbase was only able to launch its flagship crypto debit card in the U.K. because of its existing partnership with Skrill. Meanwhile,...
Reliance Jio, which recently became the largest private telecom company in India and the world, has announced the launch of a proprietary blockchain solution built to improve customer data privacy. In the report by ET Telecom, August 12, 2019, Reliance executive chairman Mukesh Ambani, spoke of the imminent transformation of...
The Hong Kong protests have millions of individuals rallying against the government's efforts to pass the Fugitive Offenders Extradition bill. In an article by Forbes, August 11, 2019, it was revealed that the central government used Chinese servers to launch a denial of service attack on Telegram to apprehend those...
Litecoin founder Charlie Lee has taken to Twitter to offer a more honest view on the state of Litecoin's network development. As per his Twitter thread, Litecoin adopts most of its code from Bitcoin with a few months lag, which causes people to believe that development activity has come to...
