Contents contributed and discussions participated by John Kiff - Fintech Daily Digest

China's ubiquitous digital payments processor loves the blockchain - 0 views

www.technologyreview.com/...processor-loves-the-blockchain

CryptoAssets Fintech Tokenization Blockchain

shared by John Kiff on 09 May 19 - No Cached

John Kiff on 09 May 19

Ant Financial is exploring how to issue digital assets in some form of a token on the blockchain that would represent something of value in the physical world-whether that be fiat currency or some other kind of asset.

<div class="cArrow"> </div><div class="cContentInner">Ant Financial is exploring how to issue digital assets in some form of a token on the blockchain that would represent something of value in the physical world-whether that be fiat currency or some other kind of asset.</div>

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Proptech and Real Estate Disruption - 0 views

www.fdic.gov/...piskorski.pdf

Fintech Shadow Mortgages Regulation

shared by John Kiff on 08 May 19 - No Cached

John Kiff on 08 May 19

A quantitative model of mortgage lending suggests that regulation accounts for roughly 60% of shadow bank growth, while technology accounts for roughly 30%.

<div class="cArrow"> </div><div class="cContentInner">A quantitative model of mortgage lending suggests that regulation accounts for roughly 60% of shadow bank growth, while technology accounts for roughly 30%.</div>

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Fintech, regulatory arbitrage, and the rise of shadow banks - 0 views

www.sciencedirect.com/...S0304405X1830237X

Fintech Shadow Mortgages Regulation

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John Kiff on 08 May 19

Relative to other shadow banks, fintech lenders serve more creditworthy borrowers and are more active in the refinancing market. Fintech lenders charge a premium of 14-16 basis points and appear to provide convenience rather than cost savings to borrowers.

<div class="cArrow"> </div><div class="cContentInner">Relative to other shadow banks, fintech lenders serve more creditworthy borrowers and are more active in the refinancing market. Fintech lenders charge a premium of 14-16 basis points and appear to provide convenience rather than cost savings to borrowers.</div>

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Hackers Are Shuffling Binance's Stolen Bitcoin - 0 views

www.coindesk.com/ffling-binances-stolen-bitcoin

Fintech CryptoAssets Liquidity CyberRisk

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John Kiff on 08 May 19

The Binance hackers are moving their stolen BTC into smaller and smaller wallets in an effort to hide their tracks.

<div class="cArrow"> </div><div class="cContentInner">The Binance hackers are moving their stolen BTC into smaller and smaller wallets in an effort to hide their tracks.</div>

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The Not-So-Fun Adventures of Tether & Bitfinex - Wave Financial - 0 views

medium.com/...f-tether-bitfinex-8527cfe6036c

Fintech CryptoAssets AltCoins Stablecoins Tether

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John Kiff on 08 May 19

Decentralized algorithmic stablecoins (eg DAI) do not contain any of the risks outlined in this summary of the Tether situation. While they do contain a host of other risks, those that value transparency migrate may migrate to DAI.

<div class="cArrow"> </div><div class="cContentInner">Decentralized algorithmic stablecoins (eg DAI) do not contain any of the risks outlined in this summary of the Tether situation. While they do contain a host of other risks, those that value transparency migrate may migrate to DAI.</div>

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Deloitte's 2019 Global Blockchain Survey - 0 views

www2.deloitte.com/...global-blockchain-survey.html

Fintech Blockchain

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John Kiff on 08 May 19

53% said that blockchain has become a critical priority for their organization this year, and 40% are willing to invest $5 million or more in new blockchain initiatives over the next year.

<div class="cArrow"> </div><div class="cContentInner">53% said that blockchain has become a critical priority for their organization this year, and 40% are willing to invest $5 million or more in new blockchain initiatives over the next year. </div>

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Major Austrian Bank Raiffeisen Joins R3 Corda-Powered Global Trade Finance Network - 0 views

cointelegraph.com/...d-global-trade-finance-network

Fintech Blockchain R3 Corda

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John Kiff on 08 May 19

Austria's Raiffeisen Bank International (RBI) has announced it will pilot R3's Marco Polo blockchain network for trade finance.

<div class="cArrow"> </div><div class="cContentInner">Austria's Raiffeisen Bank International (RBI) has announced it will pilot R3's Marco Polo blockchain network for trade finance. </div>

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Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering - 0 views

www.coindesk.com/illion-exchange-token-offering

Fintech CryptoAssets AltCoins Stablecoins

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John Kiff on 08 May 19

Bitfinex has released the official white paper for its $1B exchange token sale, said it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings.

<div class="cArrow"> </div><div class="cContentInner">Bitfinex has released the official white paper for its $1B exchange token sale, said it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings.</div>

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Binance CEO Addresses Concerns Live After $40 Mln BTC Hack, Rejects Blockchain Reorg Idea - 0 views

cointelegraph.com/...-rejects-blockchain-reorg-idea

Fintech CryptoAssets Liquidity CyberRisk

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John Kiff on 08 May 19

Binance decided against responding to the hack with a rollback: i.e. aiming to incentivize miners to form a consensus to wield 51% of the network's hashing power to reorganize the blockchain's transactions after the loss.

<div class="cArrow"> </div><div class="cContentInner">Binance decided against responding to the hack with a rollback: i.e. aiming to incentivize miners to form a consensus to wield 51% of the network's hashing power to reorganize the blockchain's transactions after the loss.</div>

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On Stablecoins and Beauty Pageants - 0 views

hackingdistributed.com/...tablecoins-and-beauty-pageants

CryptoAssets Stablecoins AltCoins Fintech

shared by John Kiff on 07 May 19 - No Cached

John Kiff on 07 May 19

As is currently being done, crowd-sourcing of pricing data feeds is fundamentally broken for stablecoins because the incentives are misaligned. Stablecoins that rely on this fundamental mechanism should be considered broken.

<div class="cArrow"> </div><div class="cContentInner">As is currently being done, crowd-sourcing of pricing data feeds is fundamentally broken for stablecoins because the incentives are misaligned. Stablecoins that rely on this fundamental mechanism should be considered broken.</div>

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Bitcoin Hater Charlie Munger Accidentally Makes a Case for Crypto - 0 views

www.ccn.com/ntally-makes-a-case-for-crypto

Fintech CryptoAssets Bitcoin

shared by John Kiff on 07 May 19 -

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John Kiff on 07 May 19

Charlie Munger, Warren Buffett's partner at Berkshire Hathaway, expressed concern over the rate at which money is printed by democratic governments. Ironically, Munger, a skeptic of bitcoin, may have accidentally pointed out the merits of the dominant cryptocurrency.

<div class="cArrow"> </div><div class="cContentInner">Charlie Munger, Warren Buffett's partner at Berkshire Hathaway, expressed concern over the rate at which money is printed by democratic governments. Ironically, Munger, a skeptic of bitcoin, may have accidentally pointed out the merits of the dominant cryptocurrency.</div>

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Facebook Building Cryptocurrency-Based Payments System - 0 views

www.wsj.com/...ed-payments-system-11556837547

Fintech CryptoAssets AltCoins Stablecoins

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John Kiff on 07 May 19

At the heart of the initiative, under way for more than a year and code-named Project Libra, is a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet, according to people familiar with the matter.

<div class="cArrow"> </div><div class="cContentInner">At the heart of the initiative, under way for more than a year and code-named Project Libra, is a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet, according to people familiar with the matter.</div>

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Thai Central Bank Builds Blockchain Solution for Digital Currency Project - 0 views

www.coindesk.com/n-for-digital-currency-project

Fintech Blockchain CBDC

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John Kiff on 07 May 19

The Bank of Thailand prototype solution will enable the central bank to settle interbank transactions using a wholesale central bank digital currency among its eight commercial bank partners on the R3 on Corda blockchain platform.

<div class="cArrow"> </div><div class="cContentInner">The Bank of Thailand prototype solution will enable the central bank to settle interbank transactions using a wholesale central bank digital currency among its eight commercial bank partners on the R3 on Corda blockchain platform.</div>

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Pieter Wuille Unveils Two Proposals for Upcoming Bitcoin Privacy Soft Fork - 0 views

www.coindesk.com/ming-taproot-bitcoin-soft-fork

CryptoAssets Fintech Bitcoin

shared by John Kiff on 07 May 19 - No Cached

John Kiff on 07 May 19

Blockchain developer Pieter Wuille unveiled two Bitcoin Improvement Proposal (BIP) that offers new plans for bitcoin's next big upgrade or "soft fork." The two proposals describe Taproot, a code change increasing bitcoin's privacy, and paving the way for privacy and scalability improvements to bitcoin.

<div class="cArrow"> </div><div class="cContentInner">Blockchain developer Pieter Wuille unveiled two Bitcoin Improvement Proposal (BIP) that offers new plans for bitcoin's next big upgrade or "soft fork." The two proposals describe Taproot, a code change increasing bitcoin's privacy, and paving the way for privacy and scalability improvements to bitcoin.</div>

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The economics of mobile money - 0 views

voxeu.org/...economics-mobile-money

Fintech MobileMoney

shared by John Kiff on 07 May 19 - No Cached

John Kiff on 07 May 19

This column explains how mobile money potentially helps ameliorate several areas of market failure in developing economies, including saving, insurance, and the empowerment of women. It illustrates these effects using examples from a burgeoning empirical literature and concludes that the system-wide effects of mobile money may be even greater than current studies suggest.

<div class="cArrow"> </div><div class="cContentInner">This column explains how mobile money potentially helps ameliorate several areas of market failure in developing economies, including saving, insurance, and the empowerment of women. It illustrates these effects using examples from a burgeoning empirical literature and concludes that the system-wide effects of mobile money may be even greater than current studies suggest.</div>

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Azure Blockchain Development Kit for Ethereum Released - 0 views

buildazure.com/...elopment-kit-ethereum-released

Fintech Ethereum Blockchain

shared by John Kiff on 07 May 19 - No Cached

John Kiff on 07 May 19

The new Azure Blockchain Development Kit for Ethereum will help developers create and deploy ethereum-based apps on Azure Blockchain Service or the ethereum blockchain

<div class="cArrow"> </div><div class="cContentInner">The new Azure Blockchain Development Kit for Ethereum will help developers create and deploy ethereum-based apps on Azure Blockchain Service or the ethereum blockchain</div>

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SIX Stock Exchange May Issue Its Own Token, Says Exec - 0 views

www.coindesk.com/-issue-its-own-token-says-exec

Fintech CryptoAssets Tokenization Liquidity

shared by John Kiff on 06 May 19 -

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John Kiff on 06 May 19

Swiss stock exchange SIX's digital exchange will go live with a native token and an "initial digital offering" (IDO) service in 2020. That would follow a trial expected to be completed late this summer. https://www.coindesk.com/six-stock-exchange-may-issue-its-own-token-says-exec

<div class="cArrow"> </div><div class="cContentInner">Swiss stock exchange SIX's digital exchange will go live with a native token and an "initial digital offering" (IDO) service in 2020. That would follow a trial expected to be completed late this summer. <a href="https://www.coindesk.com/six-stock-exchange-may-issue-its-own-token-says-exec" rel="nofollow" target="_blank">https://www.coindesk.com/six-stock-exchange-may-issue-its-own-token-says-exec</a></div>

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Fidelity to Roll Out Crypto Trading 'Within a Few Weeks' - 0 views

www.coindesk.com/pto-trading-within-a-few-weeks

Fintech CryptoAssets Liquidity Custody

shared by John Kiff on 06 May 19 -

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John Kiff on 06 May 19

A Bloomberg report on Monday, citing "a person familiar with the matter," said that Fidelity will roll out the service for trading bitcoin "within a few weeks" and will focus on institutional, not retail, customers.

<div class="cArrow"> </div><div class="cContentInner">A Bloomberg report on Monday, citing "a person familiar with the matter," said that Fidelity will roll out the service for trading bitcoin "within a few weeks" and will focus on institutional, not retail, customers.</div>

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Bitcoin's Lightning Comes to Apple Smartwatches With New App - 0 views

www.coindesk.com/pple-smartwatches-with-new-app

CryptoAssets Bitcoin Lightning

shared by John Kiff on 05 May 19 -

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John Kiff on 05 May 19

Transactors can use the smartwatch app to generate a QR code - a square-shaped barcode - that someone else can then scan with their smartphone to send over a payment.

<div class="cArrow"> </div><div class="cContentInner">Transactors can use the smartwatch app to generate a QR code - a square-shaped barcode - that someone else can then scan with their smartphone to send over a payment.</div>

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From lock-in to loyalty: Self-Sovereign Identity & Data Portability - 0 views

bravenewcoin.com/...-identity-and-data-portability

Blockchain Identity Privacy

shared by John Kiff on 05 May 19 -

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John Kiff on 05 May 19

Combining a self-sovereign digital identity system with a system of consent receipts not only ensures that a company handles its customers' personal data correctly, but also that a company can now recognise its customers no matter what products they buy.

<div class="cArrow"> </div><div class="cContentInner">Combining a self-sovereign digital identity system with a system of consent receipts not only ensures that a company handles its customers' personal data correctly, but also that a company can now recognise its customers no matter what products they buy.</div>

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