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.
Dapper Labs has announced a capital raise of $11 million for their newest product 'Flow'. Flow is an entertainment platform developed by Dapper Labs along with Ubisoft, that aims to build blockchain-based games, authenticate collectibles, and develop fan tokens for musicians, as reported by Ledger Insight, September 13, 2019. Go...
France has welcomed cryptocurrency investments by announcing that crypto to crypto transactions will be tax-exempt, and necessary taxes will be applied only when selling crypto for fiat currency. According to Bloomberg Tax, France will also introduce a value-added tax (VAT) for transactions where crypto is directly used to purchase goods and...
Cuba has long been subjected to American sanctions for long-standing problems with the communist government. According to sources at Reuters, Cubans are using cryptocurrencies as a means of overcoming the barrier of economic sanctions and participating in international trade, September 13, 2019. Ascending Above Authority Bitcoin today is largely covered by...
The MIT Digital Currency Initiative is well known in the cryptocurrency space for spearheading a lot of early research in analysis. The man who set it up, Joichi Ito, recently resigned as it was revealed that he had ties to deceased financier and convict, Jeffrey Epstein. In a recent article,...
Binance has officially announced that its U.S. exchange will start accepting registrations and deposits from September 18, 2019. The exchange has been trying to launch an American arm for quite some time; most exchanges operating outside of the United States have geoblocked the region due to a burdensome regulatory process,...
The Iranian National Tax Administration (INTA) has announced that cryptocurrency miners in the country will be given a tax exemption if they bring their foreign earnings back into the country, as reported by Financial Tribune, September 12, 2019. Oil exporters are given a similar tax break, so this shows how...
Market data provider Kaiko has announced the end of their seed round, led by the likes of Anthemis Capital and Point Nine Capital, September 11, 2019. The company raised $5 million in a bid to further its service offerings with better infrastructure. Kaiko was founded by Pascal Gauthier, the CEO...
According to a notification issued by FINMA, the regulator has confirmed that stablecoins will be treated just like any other blockchain-based token in Switzerland, September 11, 2019. The Libra Association requested FINMA to disclose how the network would be treated, and the regulator has stated that Libra will be classified...
Paracosm Games has launched Caer Sidi: a Tangle-based game development platform that utilizes the distributed nature of IOTAs network to help third party developers launch games. Tangle records the entire history of matches, achievements, and transactions, September 11, 2019. Caer Sidi is building an entire universe of interconnected games that...
China has been trending away from cash and toward digital payments for quite some time now. In 2018, 3.8 quadrillion yuan was remitted using plastic cards, cheques, electronic transfers, and other formal methods. According to Bloomberg, September 11, 2019, in the first quarter of 2019, payments apps like AliPay and...
