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.
Crypto finance startup BlockFi has announced a new product: Interest Payment Flex. Customers holding one asset can have their interest paid out in another asset, allowing them to accrue income in three different assets as per their desires, September 5, 2019. The new feature can be found by navigating through...
For cryptocurrency to become sound money, it needs to integrate a degree of privacy on a transactional level, just as paper currency does. Bitcoin and Ethereum, both, lack strong privacy measures, but this is being addressed. As shown by Chain Link's research paper, mixing services powered by decentralized oracles can...
Brexit has served as a prime example of how ordinary citizens can protect their assets from political turmoil using Bitcoin. According to Forbes, the negative effects of a potential no-deal Brexit are leaking into the economy and affecting crypto startups in the region, September 4, 2019. If the U.K. leaves the...
Custody firm Legacy Trust announced the launch of a digital asset-based pension plan to allow the public to hold crypto for their retirement corpus. As per Coindesk, September 4, 2019, the Hong Kong-based firm will offer the scheme to employees of participating firms and self-employed individuals through an underlying portfolio of cryptocurrencies...
In light of the devastating fires raging in the Amazon, the Rainforest Foundation U.S. seeks the support of the cryptocurrency community for support, September 4, 2019. The foundation claims that since Jair Bolsanaro took the reins in 2018, deforestation in the Amazon went up by 75 percent. They appeal to...
In the midst of an unfavorable political climate in Hong Kong, Telegram, which has been used to organize protests in the region, will launch more privacy-enhancing features on its platform, as reported by South China Morning Post, September 4, 2019. Even though Carrie Lam has announced the withdrawal of the...
Property rights firm Bitmark has closed a $3 million Series A round of investment led by HTC and Alibaba amongst others. As per a press release, September 3, 2019, the freshly raised money will be used to fund sales and marketing efforts for the company. Other investors include WI Harper...
One of the UAE's largest banks has adopted a blockchain bookkeeping platform of physical trade from Singapore-based firm dltledgers, according to Ledger Insights, September 3, 2019. The first transaction was the movement of goods worth $6.5 million from Canada to Bangladesh; this effectively makes Abu Dhabi Commercial Bank the first...
One of the world's largest asset management companies, Franklin Templeton, has announced they will run a government debt fund that records the ownership of units in the fund on the Stellar Lumens blockchain, September 3, 2019. The fund will not invest in cryptocurrency, rather, it will utilize the immutable nature...
Indian IT stalwart Tech Mahindra has partnered with smart contract deployment platform Adjoint in a bid to launch the industry's first-ever integrated financial management and insurance blockchain, as per CommsMEA, September 2, 2019. The platform is expected to reduce the cost of risk management while eradicating the nuisance of data...
