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 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...
Binance, the most liquid spot exchange, has purchased a minority stake in FTX, the most liquid derivatives exchange. This marks the first round of outside investment into FTX and promises both exchanges the benefit of improving the liquidity of their overall markets. Alameda Research, the company behind FTX, has been...
Bitcoin SV, a fork of a Bitcoin fork, was conceived due to a rift in the Bitcoin Cash network regarding the implementation of the Avalanche consensus mechanism and transaction ordering. Binance Research has found that if loyal Bitcoin SV miners operated as rational businesses, they would've been able to secure...
As part of a knowledge enriching proof of concept, the European Central Bank (ECB) studied the viability of anonymous transactions by implementing such a feature on its DLT based CBDC, which is strictly for research purposes at the moment. This experiment offered more clarity on the direction CBDCs could take...
A prolonged debate in the space is that of whether decentralization is a spectrum or an absolute state. That is, can a system have different degrees of decentralization or is it simply just a binary function of ‘yes’ or ‘no’. Synthetix, one of the largest dApps on Ethereum, believes that...
Tata Consultancy Services (TCS), the largest Indian IT company, announced the launch of the Quartz DevKit, an open proprietary solution that helps developers streamline deployment by removing the complexities associating with blockchain and providing a base upon which applications can be launched with added ease, December 16, 2019. Corporate Blockchain...
