About Author:
1 Confirmation with Jeff and Dave
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.
A study published by Public Services International has cast major doubt over the impact that a universal basic income (UBI) scheme will have on eradicating poverty and raising living standards, as reported by The Guardian on May 6, 2019. Proponents of UBI claim it well reduce poverty and the narrow...
In a press release to the Bombay Stock Exchange on May 7, 2019, Indian IT powerhouse Wipro along with the R3 consortium announced the launch of an interbank settlement blockchain that will utilize digital currencies. While many Indian companies are researching and implementing distributed ledger, Wipro is the first Indian...
Crypto hackers struck again as 7,000 BTC was stolen from Binance's hot wallet. Tthe exchange reported on May 8, 2019, that hackers were able to obtain a large number of API keys, 2FA codes, and other user information to execute their attack. Binance's SAFU Breached Binance discovered a large scale...
Alprockz, a Switzerland based consortium of technology investors and developers, have chosen Fusion Foundation's decentralized financial protocol to boost adoption of Alprockz's Swiss Franc (CHF) backed stablecoin, ROCKZ (RKZ), as reported by Global News Wires on May 6, 2019. Integrating Finance and Blockchain The Fusion Foundation announced their partnership with...
A hazardous bug was found on the TRON blockchain that could’ve disrupted the entire network by causing it to overload and crash. The bug could’ve brought the entire TRON blockchain to a standstill, as reported by The Next Web on May 6, 2019. Malicious Bug in TRON Smart Contracts The...
Gnosis (GNO) is running a bug bounty for recently revised smart contracts on their DutchX platform according to a blog post, May 06, 2019. There are three tiers of bounty; high ($10,000), ($5000), and low ($1000). The Magnolia (MGN) pool on DutchX will have $5000 of ETH and $5000 of...
In a widely expected move, the District court of South Florida has dismissed Craig Wright's motion to seal his Bitcoin holdings and addresses, May 03, 2019. If Wright doesn’t comply, the court indistinctly said there are other ways to obtain this information, methods of which Kleiman's estate will be authorized...
After recent concerns regarding Bitfinex's liquidity and price premium, CoinMarketCap (CMC) has excluded the exchange's activity from their Bitcoin price, as reported by Finance Magnates on May 6, 2019. Bitfinex has traded at a $300 premium from the market for several months now. Twists and Turns for Bitfinex The Bitfinex...
Delphi Digital's latest report, an outlook of the Bitcoin market and what drives it, has shed light on what data points are most important to monitor going forward. This report highlights the dynamic nature of crypto markets and why it cannot be compared to other markets. Value Derived from Use...
A survrey conducted by deVere Group showed 68 percent of their clients have already invested in or plan to invest in cryptocurrencies like Bitcoin, Ethereum, and Ripple, as reported on May 3, 2019, by TechRound. Cryptocurrency for the Elite The poll carried out by deVere Group, an independent financial advisor,...
Balaji Srinivasan announced he has quit his role as the CTO of Coinbase on his Twitter, May 3, 2019. Srinivasan will be taking some time off to familiarize himself with the development angles he has missed out on since he joined Coinbase. Big Blow to Coinbase In a two part...
The United States Department of Justice has moved the District Court of Arizona to stay a detention memorandum against Crypto Capital and Reginald Fowler concerning the ongoing case against Bitfinex. New Developments in Bitfinex Saga On May 2, 2019, BTCManager reported that a businessman named Reginald Fowler was linked to...
Microsoft has unveiled a new release of Azure for AI, mixed reality, IoT, and blockchains. This release will enable the creation of hybrid applications for cloud and edge computing. This according to a report from Reuters, May 02, 2019. High Tech Just ahead of their Build 2019 developer conference, Scott...
Justin Sun, CEO of Tron, announced the foundation had released a developer guide for Tron, April 30, 2019. In reality, the ‘guide’ was just a list of exchanges on which Tron (TRX) is listed. Making Headlines TRON released a ‘developer guide’ which turned out to be nothing more than a...
The Bitcoin Cash (BCH) blockchain’s daily processed transactions has increased by 400% since the start of the year, as per a Tweet from LongHash, May 02, 2019. This comes in light of the Bitcoin (BTC) Mempool reaching yearly highs. Record High Output Bitcoin Cash has seen a huge influx in...