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.
Justice Joel Cohen of the New York Supreme Court extended the preliminary injunction against iFinex and Bitfinex for an extra 90 days. This means the company cannot access Tether's financial reserves for their own use. The lawsuit emerged after the New York State Attorney General accused iFinex, the parent company...
An Austrian high-security company with experience in e-governance solutions for the Australian government has launched Chainlock, a new decentralized private key management solution that mostly aims to target the B2B market. As a decentralized alternative to Coinbase Custody and BitGo, it will be interesting to see if institutions adopt the...
Biometrics has developed into a key frontier of personal security in the last 10 years. Notably, experts believe the industry will grow by 20 percent on a year to year basis for the next five years at least. However, leaked biometric information can lead to a breakout of security vulnerabilities...
The Internal Revenue Service (IRS) has sent out warning letters to over 10,000 different cryptocurrency holders, letting them know that the agency acknowledges their investment in digital assets and expects them to declare fair value of assets held on the date of receipt. The days of easy regulation are over...
Recently, a committee studying the effects of cryptocurrency and distributed ledgers in India recommended an outright ban on all cryptocurrencies. The committee was headed by the Secretary of Economic Affairs, Subhash Chandra Garg. While a sensitive agenda for regulators on a global scale, trying to ban a non-sovereign asset that...
Bill Miller, CIO and Chairman at Legg Mason, has set his fund up for a 46 percent yearly gain with bets on Amazon, Avon, and Bitcoin. Miller has declared his fascination and belief in the genesis cryptocurrency but declined to comment on fund performance or specific assets. Many hedge funds...
Blockchain was probably the most overused buzzword in 2017 for economic and technology enthusiasts. Many companies like Long Island Iced Tea and Bioptix changed their names and their core business just to get in on the hype. A new FBI investigation revealed the cold-beverage company may have done this on...
Brad Garlinghouse, the CEO of Ripple Inc, is concerned about the U.S. government's recent jump into action after the announcement of Libra. In an interview with Fortune, July 25, 2019, Garlinghouse speaks about his discontent with Trump's bunching of cryptocurrencies, and the potential regulatory conundrum that Libra has awoken. The...
Union Bank in the Philippines, funded by Aboitiz Equity Ventures, has launched a stablecoin with the ticker PHX. In doing so, Union Bank has become the first bank in the country to conduct transactions via a blockchain. PHX transactions are being implemented a platform specifically meant to connect listed banks...
Ripple Inc's Q2 2019 market insights report shows mixed results from a fundamental growth perspective. The company has relied on the sale of XRP tokens for a major chunk of its revenue, and this number has sunk to a mere $251 million this quarter. 3 billion XRP was released from...
