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.
With the rise of open finance, new profit-making opportunities have spawned on the sidelines of the game without dominating headlines. Entities that process loan liquidations and sell loan collateral acquired at a discount in the open market net a profit through arbitrage. In order to build on this opportunity in...
Emerging as a central theme in 2019, DeFi took the crypto world by storm, championed by the likes of Maker, Compound, and dYdX. Industry insiders building these products still believe it is too early to predict the direction this nascent innovation will take, while traditional institutions are putting some skin...
Debates have been raging on as to whether cryptocurrencies will ever gain mass adoption or if the tech will exist in a separate system that doesn't compete with traditional finance. Enterprises have adopted blockchain with fervor as early adoption could help them improve coordination between internal teams and external partners,...
In their 2020 monetary policy, the central bank for South Korea revealed that they are actively looking to set up a digital currency task force with their existing personnel, but will also recruit additional experts to look into the prospects of a central bank digital currency (CBDC). Central banks from...
Amid the blockchain hype that has emerged in China after an endorsement from President Xi Jinping, China has warned its residents not to take this for a sign of cryptocurrency legalization. Various regulatory bodies in Beijing have come forth to issue warnings to firms and individuals not to trade in...
Almost 11 percent of the world's population goes to sleep hungry. At the same time, 14 percent of all organic harvest is no longer fit for human consumption by the time it reaches the retail market. Effectively, we have food that goes to waste that could have been used to...
Ethereum wallet provider MetaMask is the latest victim of Google's unbound authority, having their Android client suspended with the reasoning that Google's policy has a "ban on mining for mobiles". MetaMask is one of the most widely used wallets for Ethereum and doesn't offer any form of mining; it simply...
Almost everything, if not everything, that happened with regard to on-chain permissionless finance was conceived and implemented on Ethereum. Synthetix's co-founder, Kain Warwick, previously spoke of why the project, which started off on EOS as well, decided to shift entirely to Ethereum. But with development coming to competing for first...
As we approach the end of 2019, it's fair to say a lot of fundamental development that occurred on-chain for public ledgers revolved around open financial protocols, or as the cool kids call it, "DeFi". DeFi, which stands for decentralized finance has been an extensive movement that truly found its...
The National Payments Corridor of India (NPCI), set up the Reserve Bank of India in 2008, issued a public document to outline the architecture of their new permissioned blockchain, Vajra, that allows for faster and more efficient settlement. According to the document, the use of distributed ledger technology has been...
The high volatility seen in 2017's cryptocurrency market was a paradise for market makers and OTC desks, as their profit margins continuously expanded along with spreads. Two years on, volatility is at a multi-year low and it has hit OTC desks right where it hurts. As the formerly largest OTC...
Tencent, one of the largest Chinese companies, has announced its intent to create a digital currency research team to help the firm navigate their way in light of increased interest in the realm of digital currency and blockchain. The firm, which runs China's most used internet application, WeChat, has already...
Cailiang, a subsidiary of gaming marketplace Wholeasy, filed a public statement that they are working with the police in a case against Bitcoin mining hardware manufacturer Ebang for delivering 65,000 miners but demanding payment for 100,000. Responding to this news, Ebang revealed they already filed a case with financial regulators,...
Fortress Investment Group, a hedge fund and private equity investor with nearly $40 billion in assets under management, has offered Mt. Gox investors a second chance to settle their claims privately with them based on the liquidation value of existing BTC claims. The Mt. Gox Trust is currently willing to...
Berkeley, California, is planning to raise $3-5 million via "micro bonds" using a blockchain settlement layer to bypass the ailments caused by middlemen. This could be the start of a new trend where residents are able to contribute to the improvement of their locality through interest-bearing financial instruments rather than...
