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.
Tribe Accelerator, an incubator backed by the Singaporean Government, has launched OpenNodes: a media-based engagement platform to allow large corporates, blockchain firms, and governments to collaborate and communicate on a single channel, August 21, 2019. Tribe hopes that this will serve as a gateway for more companies to adopt a...
Ravencoin was declared one of the most exciting cryptocurrencies of 2019, and Overstock CEO Patrick Byrne has confirmed that he believes in what the project is trying to achieve as he announced that tZERO would be listing it on their platform, August 20, 2019. Ravencoin allows for instant settlement of...
Trive.Park, an app from German company Trive.Me, is using IOTA's Tangle in order to facilitate the booking and payment for parking spaces. With the demand for parking skyrocketing, motorists can now book a parking space and reserve it in advance. As per a report from EDAG Engineering, August 20, 2019,...
The European Commission, an executive branch of the EU, has initiated their inquiry into Libra's ability to suppress rivals and create a financial monopoly. Reports from Bloomberg, August 21, 2019, confirm that the European Commission is scrutinizing the consortium of companies involved with Libra. Visa, MasterCard, Facebook, and the Commission have declined Bloomberg's request...
The acquisition of Xapo by Coinbase has effectively created the largest digital asset custodian in the world, with nearly $8 billion in assets managed. But this has only intensified the competition as custodial stalwart BitGo has announced they will be offering Xapo customers one year of free service with a...
Huobi Group is continuing its foray into decentralized finance (DeFi) with support for MakerDAO and Compound Protocol, as per a press release, August 19, 2019. MakerDAO at one point had over half a billion dollars worth of value locked in the system, making it one of the most successful use...
Blockchain projects in South Korea are increasingly moving away from domestic token issuances in search of deeper markets for their cryptocurrencies. As per a report from Business Korea, August 19, 2019, the number of projects choosing to list overseas are increasing as global exchanges and launchpads open themselves up with Korean...
Earlier this month, Bitfinex filed a petition with the New York Supreme Court claiming that the New York State Attorney General (NYAG) was wrongly investigating Bitfinex as New York lacks the jurisdiction to do so. This argument was based on the fact that Bitfinex claims they have never catered to...
Cameron and Tyler Winklevoss are brothers who are known for two things: their infamous dispute with Mark Zuckerberg and buying bitcoin at $8. In an interview with CNN, August 19, 2019, the brothers revealed they would be open to a partnership with Facebook over Libra. The brothers founded crypto exchange Gemini...
Rakuten Group, the largest e-commerce company in Japan, launched a crypto wallet in 2017 via Rakuten Wallet Inc, a subsidiary of the online giant. The company has announced the launch of an exchange, allowing users to trade in BTC, ETH, and BCH using a mobile wallet for Android. The iOS...
