Bhushan Akolkar

Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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News

Oracle Confirms Being Trusted Technology Partner for TikTok U.S., Government Approval Awaited

By Bhushan Akolkar Sep 15, 2020 • 3 mins read

In an official statement, Oracle said that it has submitted its proposal to the Treasury Department to run TikTok’s U.S. operations while taking into consideration the national security concerns raised by Washington.

Artificial Intelligence, News

Nvidia Agrees to Buy Arm Holdings from SoftBank in $40 Billion Deal

By Bhushan Akolkar Sep 14, 2020 • 3 mins read

Nvidia makes a strategic move to expand its footprint in the semiconductor market with its $40 billion deal of acquiring British semiconductor giant Arm Holdings. This merger will see NVIDIA’s AI computing capabilities combine with Arm’s CPU’s to create chips for next-generation technologies like IoT, robotics, self-driving cars, etc.

Altcoin News, Cryptocurrency News, News

Rapper T.I. to Pay $75,000 to SEC for Securities Violations Involving Fraudulent ICO Promotions

By Bhushan Akolkar Sep 14, 2020 • 2 mins read

The fraud involved the promotion and selling of FLiK tokens, the native cryptocurrency of the FLiK platform that claimed to become the “Netflix of the blockchain”, however, it never saw the light of the day.

Market News, News

Pharmaceutical Giant AstraZeneca Resumes Clinical Trials for COVID-19 Vaccine, AZN Stock Slightly Up

By Bhushan Akolkar Sep 13, 2020 • 3 mins read

In partnership with U.K.’s Oxford University, AstraZeneca said that it will resume the phase three clinical trial for its COVID-19 vaccine contender AZD1222 since it got an approval from UK’s Medicines Health Regulatory Authority.

Bitcoin News, Cryptocurrency News, News

Twitter CEO Jack Dorsey Still Bets Big on Bitcoin as Internet’s Native Currency

By Bhushan Akolkar Sep 11, 2020 • 3 mins read

Jack Dorsey went praising Bitcoin calling it the native currency of the internet. However, Dorsey added that to ensure Bitcoin’s long-term success, it must be made more “intuitive” as well as “cost-effective” and “time-effective”.

Market News, News

Dow Jones Tanked 400 Points on Thursday, Sell-off in Tech Sector Continues to Drag Market Lower

By Bhushan Akolkar Sep 11, 2020 • 3 mins read

The mega-cap stocks in the tech sector continue with another round of correction after a momentary pause on Wednesday. Investors have started fearing the possibilities of the next big tech bubble while analysts say that this is momentary turbulence with little signs of a deeper slide.

Altcoin News, Blockchain News, Cryptocurrency News, News

Twetch, Twitter’s Blockchain-based Competitor, Launches In-Chat Payments

By Bhushan Akolkar Sep 10, 2020 • 3 mins read

Twetch introduced a new encryption feature to Twetch Chat offering additional privacy and security to users. Besides it also allows users to make in-app payments directly via chat.

Altcoin News, Cryptocurrency News, News

Mastercard Extends Helps to Central Banks, Unveils Platform to Test National Digital Currencies

By Bhushan Akolkar Sep 10, 2020 • 3 mins read

Mastercard’s CBDC testing platform helps global central banks to simulate different use-cases and test roll-out strategies between commercial banks and other payment services providers.

Market News, News

Tesla (TSLA) Stock Has Its Worst Day, It Crashes Another 21% on Tuesday, Valuation Drops Over $150 Billion in One Week

By Bhushan Akolkar Sep 9, 2020 • 3 mins read

Tesla registered its worst single-day drop in history wiping out over $88 billion from its market cap. The S&P 500 Index Committee skipped TSLA stock in its inclusion to the index that led to negative market sentiment.

Market News, News

Tech Stocks Continue to Drag Markets Down, S&P 500 Registers Third Day of Correction

By Bhushan Akolkar Sep 9, 2020 • 3 mins read

With a solid mega rally post the March 2020 market crash, the tech sector seems to have entered a strong correction. Analysts say that the sector is currently in the overbought regions and high-valuations of some giant companies are beyond reasonable levels.

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