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.
Despite a 43 percent year-on-year growth in net revenues, Square has declared a loss per share of 9 cents in a letter to shareholders. Wall Street was expecting the loss making company to finally declare an earnings call in the green, evidently, the market punished Square for hitting below expectations....
In an interview with the Houston Business Journal, Amsys Digital Asset Fund has revealed they have given a 7.08 percent return to investors over a time frame in which bitcoin returned -34.5 percent. Amsys Digital launched in October 2018, just months before bitcoin broke its $6,000 level. Stellar Returns in...
As first reported by Modern Consensus, an HSBC account linked to a federal indictment for bank fraud has been found to be directly related to Bitfinex. Legal Troubles Begin A portion of Bitfinex’s missing $850 million has been seized by the U.S. Department of Justice (DoJ). A controversial businessman was...
Forbes reported that Ethereum and Cardano co-founder, Charles Hoskinson, has announced the launch of an enterprise blockchain framework in collaboration with the government of Ethiopia. Financial Services for Africa’s Unbanked Charles Hoskinson is launching "Atala," an enterprise blockchain framework that aims to provide financial services to billions living in African countries....
Tech Radar reports the new AMD Radeon VII graphics card is able to achieve a hash rate of 90 MH/s. The highest GPU hash rate prior to this was 69 MH/s on the AMD RX Vega 64. This is expected to greatly affect the efficiency of Ethereum mining. Ethereum Mining...
In an exclusive reveal to Forbes, April 29, 2019, Truffle announced it is spinning off from ConsenSys and has raised money to expand into enterprise-grade solutions. Following the spin-off, Joseph Lubin will join as a board member. Bringing Blockchain to the Corporate World When the Truffle Suite first launched, it...
Digital Assets Data is launching a crypto data platform to deliver institutional grade insights to investment funds. The customer base will encompass everything from family offices to hedge funds. This according to a Venture Beat, report April 30, 2019. Financing the Future The demand for cryptocurrency market data has been...
Results from the second survey conducted by Blockchain Capital shows people between the ages of 18 and 44 believe Bitcoin adoption will grow in the next 10 years. 88% of people across all age groups have heard of Bitcoin. Results of the Survey Blockchain Capital conducted a demographic survey for...
A report from Malware Bytes Labs, April 29, 2019, reveals the long-standing malware issue in the Electrum wallet has reached 152,000 hosts. Users were asked to update their wallets after which they were infected with a bug. After developers launched countermeasures, the hackers launched a series of DDoS attacks. Issues...
In a press release to Cision, April 29, 2019, Galaxy Digital Holdings, the investment fund run by ex-Fortress fund manager Michael Novogratz, has announced a net comprehensive loss of $272.1 million for the last year. Reportedly, the majority of the decline is from the sale of digital assets at a...
