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 dominance of Binance and Coinbase in the centralized exchange could prove to be a pitfall for the cryptocurrency world. As highlighted by Kevin Rooke of The Spring, Binance and Coinbase have 1.37 million and 1.14 million users on a daily basis while no other exchange has more than 500,000 daily...
A recent report from MakerDAO digs into the growing adoption of the DAI stablecoin. Issuance of DAI may be done through Maker debt contracts, but usage is being leveraged across the Ethereum dApp ecosystem, June 8, 2019. DAI Use Case Bolsters Ethereum DeFi As a landmark year for cryptocurrency development...
The potential of blockchain and other types of distributed ledgers have been touted as the biggest financial innovation in recent years. Immutability, transparency, and efficiency are key factors for creating an inclusive financial system. Impact investing with a focus on blockchain can help nurture a more robust financial system, as...
The 0x team has published their development report for May 2019, focusing on 0x Mesh, launch kits, and improving developer experience on the platform, June 7, 2019. Peer to Peer Order Sharing 0x Mesh, being co-developed by 0x and StarkDEx, is an order sharing platform to create a decentralized order...
A recent article by Bloomberg Quint reveals pictures of a supposed draft for a bill to ban cryptocurrency in India and offer a one to ten year jail term for mining, holding, or using crypto. The Indian crypto community was outraged at this possibility as it was published without citing a legitimate...
Andrew Keys, a co-founder of ConsenSys Capital, has joined DARMA Capital as a managing partner to help usher in Wall Street money to Ethereum. Keys has departed ConsenSys to focus on DARMA full time, as reported by Bloomberg, June 6, 2019. Pushing Institutionalization Digital Asset Risk Management Advisors (DARMA) is a...
A sudden crash in the Poloniex margin lending market for CLAM has resulted in the loss of 1800 BTC worth of loan principal. Lenders will see the extent of their loss when they log in, borrowers who have defaulted will have their accounts frozen until they can repay their sustained...
Peer-to-peer cryptocurrency trading platform Hodl Hodl has announced their new mainnet now allows users to trade to and from their Lightning wallets. The launch is a significant development for Lightning Network adoption as it allows users to directly fund and spend from their Lightning wallets, June 5, 2019. Lightning Made...
Longfin, a FinTech company specializing in structured trade solutions, was previously charged by the SEC for securities fraud and froze $27 million worth of assets. In a press release, the SEC revealed they are now charging ex-CEO, Venkata Meenavalli, with cooking the books and faking 90 percent of the company's...
StarkDEx has announced the launch of their flagship product, a decentralized exchange, in partnership with Starkware Industries. In their own words, STARKs remove the glass ceiling on non-custodial transactions and offer customers the ability to trade at scale without counterparty risk, June 3, 2019. Under the Hood At max capacity,...
