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.
While classifying investments based on growth potential and risks, investors tend to cluster cryptocurrency, cannabis, and biotech together. While cryptocurrency has several more dimensions of risk, Rob Wertheimer of Melius Research gave a strong point of difference between cannabis and cryptocurrency in an interview with Yahoo Finance, June 11, 2019. Consumer...
The Deputy Minister for Energy, Homayoun Haeri, stated that cryptocurrency miners in Iran will no longer have access to the country's electricity subsidy, and must pay the full cost to run miners, as reported by Financial Tribune on June 10, 2019. Cast Away Iran has been facing economic and political turmoil since...
DOGE is one of the more light-hearted cryptocurrency projects, initially starting as a joke and currently working as a speedy micropayment system. According to Brave New Coin, DOGE fundamentals are showing mixed signals with sentiment leaning towards a potential upward explosion, June 8, 2019. On Chain Metrics DOGE is currently in...
Weiss Ratings has downgraded their rating for EOS, citing concerns about centralization and the project's lack of capability to fix these systemic issues, June 7, 2019. Cracking Down on EOS EOS has been the subject of intense debates within the crypto community. While they have a devoted user base, there...
In an interview with a Russian media outlet, Chairman of the State Duma Committee on Financial Markets, Anatomy Aksakov, revealed that Russian lawmakers might potentially introduce a penalty for mining cryptocurrency on an open blockchain, as reported by Finance Feeds on June 10, 2019. Focus on Permissioned Ledgers Russian lawmakers are mulling...
Since the launch of the Zilliqa mainnet in January 2019, the project's prime focus was integrating smart contracts with the help of a native smart language contract called "Scilla." Smart contracts are now live on the Zilliqa mainnet bringing a wealth of new functionality and marking the start of smart...
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...
