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 New York regulators are by far one of the most scrutinizing regulators for the cryptocurrency space. Coinbase has announced that customers residing in New York can now purchase XLM, along with BTC, ETH, and other assets already available in the state, September 26, 2019. Listing Spree and Diversification Coinbase...
Bakkt's launch didn't have the firepower that most retail participants were expecting. The contract is currently running with approximately 60 BTC of volume. This has led many people to call it a "failure" and "non-event". As further corroborated by Financial Times, this is the start of financial legitimacy and not...
DeversiFi, previously known as EthFinex, is preparing to convert its formal governance structure from centralized to decentralized using a Decentralized Autonomous Organization (DAO). According to Finder, DeversiFi is developing a tokenomic framework in order to incentivize users to become liquidity providers, September 25, 2019. Decentralization in Corporate Structure After the DAO...
Large cryptocurrency exchanges, including Binance and BitMex, have recently increased their referral fee in a bid to bring back customers and stage a revival in exchange volumes. According to sources from Bloomberg, exchange volumes have fallen by nearly 40 percent over the year, and exchanges are desperate to stage a...
An expected turn of events has once again occurred as the SEC released a public filing stating their intent to gather more public commentary on Wilshire Phoenix's Bitcoin ETF proposal before coming to a conclusion, September 24, 2019. It is worth noting Bitwise's ETF proposal was not addressed, and this...
The New York Supreme Court has ruled in favor of Bitfinex for a motion to refuse document submission until the appeal for whether this is even the correct jurisdiction for the case has been decided. According to Forbes, this is merely short term relief, as if the appeal by iFinex is...
One of the primary reasons that Bitcoin bulls are so full of hope and euphoria is the constant manipulation and complexity in global economics. Central banks are constantly changing their outlook and looking for ways to either inject or withdraw liquidity from the market. According to a piece by Forbes, this poses...
After several of the most powerful countries voiced their concerns regarding Libra, Japan has joined in on urging for a cooperative framework to mitigate the risks posed by Libra. Reuters reports events from a meeting between Bank of Japan officials and business persons in Osaka, September 24, 2019. Growing Uncertainty for...
Chinese officials have confirmed that they have no timetable in place for the launch of their central bank digital currency (CBDC). This comes just weeks after a formal announcement by the PBoC that a launch is being scheduled by year-end. Global Times reports, September 24, 2019, that China is actively...
Earlier this year, MakerDAO announced that they would be phasing in multi-collateral contracts. This would give users the ability to enter a Collateralized Debt Position (CDP) by using asset chosen by the community as collateral, instead of just ETH. The Foundation has rewritten the entire smart contract core, so this...
