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

Bank of England and FCA Look To Fintech - 0 views

www.marketsmedia.com/ngland-and-fca-look-to-fintech

Fintech Regulation

shared by John Kiff on 01 May 19 -

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John Kiff on 01 May 19

The Bank of England said some aspects of supervision are amenable to new technologies while the Financial Conduct Authority said its Innovate program has helped new financial services firms come to market more quickly.

<div class="cArrow"> </div><div class="cContentInner">The Bank of England said some aspects of supervision are amenable to new technologies while the Financial Conduct Authority said its Innovate program has helped new financial services firms come to market more quickly.</div>

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Blockchain Adopted by Canadian Banks to Verify Client Identities - 0 views

www.bloomberg.com/...ks-to-verify-client-identities

Fintech Blockchain Identity

shared by John Kiff on 01 May 19 - No Cached

John Kiff on 01 May 19

Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services.

<div class="cArrow"> </div><div class="cContentInner">Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services.</div>

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Current crypto ecosystem not yet viable for institutional investors, says Northern Trust - 0 views

www.thetradenewscrypto.com/-investors-says-northern-trust

Fintech CryptoAssets Custody

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John Kiff on 01 May 19

The current ecosystem for trading cryptocurrencies is still not suitable for institutional investors to expand into the new asset class, according to Northern Trust's technology expert.

<div class="cArrow"> </div><div class="cContentInner">The current ecosystem for trading cryptocurrencies is still not suitable for institutional investors to expand into the new asset class, according to Northern Trust's technology expert.</div>

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A General Taxonomy for Cryptographic Assets - 0 views

bravenewcoin.com/...onomy-for-cryptographic-assets

Fintech CryptoAssets

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John Kiff on 01 May 19

Brave New Coin has developed the General Taxonomy for Cryptographic Assets - a tool that seeks to capture the breadth, depth and evolution of distributed ledger technology-based assets across industry sectors globally, as well as to advance the investigation of the assets being classified.

<div class="cArrow"> </div><div class="cContentInner">Brave New Coin has developed the General Taxonomy for Cryptographic Assets - a tool that seeks to capture the breadth, depth and evolution of distributed ledger technology-based assets across industry sectors globally, as well as to advance the investigation of the assets being classified.</div>

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Bahrain's Regulatory Sandbox Teeming With Crypto Companies - 0 views

www.americancryptoassociation.com/...atory-sandbox-crypto-companies

CryptoAssets Fintech Regulation

shared by John Kiff on 30 Apr 19 - No Cached

John Kiff on 30 Apr 19

Thirty companies are currently approved by the Central Bank of Bahrain (CBB) for its regulatory sandbox, half of which are crypto service providers including exchanges.

<div class="cArrow"> </div><div class="cContentInner">Thirty companies are currently approved by the Central Bank of Bahrain (CBB) for its regulatory sandbox, half of which are crypto service providers including exchanges.</div>

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SEC's Digital Asset Framework Falls Short - 0 views

www.marketsmedia.com/al-asset-framework-falls-short

CryptoAssets Regulation ICOs Fintech

shared by John Kiff on 30 Apr 19 - No Cached

John Kiff on 30 Apr 19

Since the US SEC's FinHub issued its analysis framework for digital investment contracts approximately a month ago, the long-awaited guidance likely has extended the digital asset winter rather than ending it.

<div class="cArrow"> </div><div class="cContentInner">Since the US SEC's FinHub issued its analysis framework for digital investment contracts approximately a month ago, the long-awaited guidance likely has extended the digital asset winter rather than ending it.</div>

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The Riksbank proposes a review of the concept of legal tender - 0 views

www.riksbank.se/...of-the-concept-of-legal-tender

Fintech CBDC

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John Kiff on 30 Apr 19

The Riksbank proposes that a committee be tasked with reviewing the concept of legal tender and role of central bank money in a digitalised economy, and the role and responsibility of both the state and the private sector on the payment market.

<div class="cArrow"> </div><div class="cContentInner">The Riksbank proposes that a committee be tasked with reviewing the concept of legal tender and role of central bank money in a digitalised economy, and the role and responsibility of both the state and the private sector on the payment market. </div>

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Bitcoin is a Demographic Mega-Trend: Data Analysis - Spencer Bogart - Medium - 0 views

medium.com/...end-data-analysis-160d2f7731e5

Fintech CryptoAssets Bitcoin

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John Kiff on 30 Apr 19

The survey results highlight that Bitcoin is a demographic mega-trend led by younger age groups. The only area where older demographics matched younger demographics was awareness: Regardless of age, the vast majority of the American population has heard of Bitcoin.

<div class="cArrow"> </div><div class="cContentInner">The survey results highlight that Bitcoin is a demographic mega-trend led by younger age groups. The only area where older demographics matched younger demographics was awareness: Regardless of age, the vast majority of the American population has heard of Bitcoin.</div>

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Gemini Partners with Harbor to Fund Investments Leveraging Gemini Dollars - 0 views

medium.com/...ng-gemini-dollars-b00ac876b994

Fintech CryptoAssets AltCoins Stablecoins Tokenization

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John Kiff on 30 Apr 19

Gemini is partnering with Harbor, an all-in-one platform for tokenized securities offerings, to allow users to invest in deals using Gemini dollars (GUSD) and receive any future distributions or dividends of such deals in GUSD.

<div class="cArrow"> </div><div class="cContentInner">Gemini is partnering with Harbor, an all-in-one platform for tokenized securities offerings, to allow users to invest in deals using Gemini dollars (GUSD) and receive any future distributions or dividends of such deals in GUSD.</div>

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Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents - 0 views

www.coindesk.com/backed-by-cash-and-equivalents

Fintech CryptoAssets AltCoins Tether Liquidity

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John Kiff on 30 Apr 19

Tether has cash and cash equivalents (short term securities) on hand totaling approximately $2.1 billion, representing about 74 percent of the current outstanding tethers.

<div class="cArrow"> </div><div class="cContentInner">Tether has cash and cash equivalents (short term securities) on hand totaling approximately $2.1 billion, representing about 74 percent of the current outstanding tethers.</div>

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A platform for innovation - remarks by Mark Carney | Bank of England - 0 views

www.bankofengland.co.uk/...ate-finance-global-summit-2019

Fintech

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John Kiff on 30 Apr 19

BoE Governor Carney highlights the opportunities offered by Fintech, saying we're moving to a new kind of economy, which needs new kinds of financial services. He explains what the BoE is doing to embrace and support this financial innovation.

<div class="cArrow"> </div><div class="cContentInner">BoE Governor Carney highlights the opportunities offered by Fintech, saying we're moving to a new kind of economy, which needs new kinds of financial services. He explains what the BoE is doing to embrace and support this financial innovation.</div>

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Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says - 0 views

www.coindesk.com/xchange-token-shareholder-says

Fintech CryptoAssets Tether Liquidity

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John Kiff on 30 Apr 19

Beleaguered Bitfinex may soon issue a proprietary exchange token. The issuance method could be similar to that of other exchange tokens, which were distributed through pre-paid trading fee packages.

<div class="cArrow"> </div><div class="cContentInner">Beleaguered Bitfinex may soon issue a proprietary exchange token. The issuance method could be similar to that of other exchange tokens, which were distributed through pre-paid trading fee packages.</div>

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China's Tencent to Develop Blockchain Medical Tools With Waterdrop After Investment - 0 views

cointelegraph.com/...ith-waterdrop-after-investment

Fintech Insurance Blockchain

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John Kiff on 30 Apr 19

Tencent will work with Waterdrop, which forms part of China's rapidly-expanding crowdfunded health insurance industry, to leverage Tencent's existing presence and experience in the field to create as yet undefined blockchain tools.

<div class="cArrow"> </div><div class="cContentInner">Tencent will work with Waterdrop, which forms part of China's rapidly-expanding crowdfunded health insurance industry, to leverage Tencent's existing presence and experience in the field to create as yet undefined blockchain tools.</div>

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ICE's Bakkt Announces Acquisition of Digital Asset Custody Company - 0 views

cointelegraph.com/...-digital-asset-custody-company

Fintech CryptoAssets Custody Regulation

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John Kiff on 30 Apr 19

Institutional crypto trading platform Bakkt has аcquired a crypto custodian service Digital Asset Custody Company, and filed an application with the New York Department of Financial Services to operate as a trust company.

<div class="cArrow"> </div><div class="cContentInner">Institutional crypto trading platform Bakkt has аcquired a crypto custodian service Digital Asset Custody Company, and filed an application with the New York Department of Financial Services to operate as a trust company.</div>

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Indian Government departments discuss draft bill to ban cryptocurrencies - 0 views

economictimes.indiatimes.com/...69048480.cms

Fintech CryptoAssets Regulation

shared by John Kiff on 30 Apr 19 - No Cached

John Kiff on 30 Apr 19

The Indian government has kicked off inter-ministerial consultations on a draft bill to ban cryptocurrencies and regulate official digital currencies, according to informed sources.

<div class="cArrow"> </div><div class="cContentInner">The Indian government has kicked off inter-ministerial consultations on a draft bill to ban cryptocurrencies and regulate official digital currencies, according to informed sources.</div>

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Chinese Central Bank Fines Five Businesses in Beijing for Refusal to Accept Cash Payments - 0 views

www.chinabankingnews.com/...ing-for-refusal-to-accept-cash

CBDC Fintech

shared by John Kiff on 30 Apr 19 - No Cached

John Kiff on 30 Apr 19

The People's Bank of China (PBOC) is ensuring that Chinese businesses continue to accept cash despite the rapid spread of mobile payments throughout the country's economy. On 23 April PBOC announced that it had fined five companies in Beijing for refusal to accept cash payments.

<div class="cArrow"> </div><div class="cContentInner">The People's Bank of China (PBOC) is ensuring that Chinese businesses continue to accept cash despite the rapid spread of mobile payments throughout the country's economy. On 23 April PBOC announced that it had fined five companies in Beijing for refusal to accept cash payments.</div>

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Bond Rating Agency Moody's Warns on Risks of Private Blockchains - 0 views

www.coindesk.com/n-risks-of-private-blockchains

Blockchain Fintech

shared by John Kiff on 29 Apr 19 - No Cached

John Kiff on 29 Apr 19

Rating agency Moody's has warned of several risks of private, centralized blockchains, inclusing that consensus mechanisms in private chains may not be as strong as those seen in public chains, or may be absent altogether.

<div class="cArrow"> </div><div class="cContentInner">Rating agency Moody's has warned of several risks of private, centralized blockchains, inclusing that consensus mechanisms in private chains may not be as strong as those seen in public chains, or may be absent altogether.</div>

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Central Banks Like Blockchain But Aren't Decentralizing - 0 views

breakermag.com/chain-but-arent-decentralizing

Fintech CryptoAssets CBDC

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John Kiff on 29 Apr 19

The only takers to date for blockchain-based CBDC are minuscule island nations. This may indicate there is a case to be made for adopting a distributed ledger format in certain geographies. Or it may mean the product is dead on arrival.

<div class="cArrow"> </div><div class="cContentInner">The only takers to date for blockchain-based CBDC are minuscule island nations. This may indicate there is a case to be made for adopting a distributed ledger format in certain geographies. Or it may mean the product is dead on arrival. </div>

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DeFi Upstart Dharma Brokers $6.4 Million in Crypto Loans in First 3 Weeks - 0 views

www.coindesk.com/-crypto-loans-in-first-3-weeks

Fintech CryptoAssets Collateral Ethereum

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John Kiff on 29 Apr 19

"Crypto loan platforms are booming as ether holders look to mitigate portfolio losses endured during 2018's bear market."

<div class="cArrow"> </div><div class="cContentInner">"Crypto loan platforms are booming as ether holders look to mitigate portfolio losses endured during 2018's bear market."</div>

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The Blockchain Bandit - Ethercombing: Finding Secrets in Popular Places - 0 views

www.securityevaluators.com/...ethercombing

Fintech CryptoAssets Ethereum CyberRisk

shared by John Kiff on 29 Apr 19 -

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John Kiff on 29 Apr 19

Someone is stealing millions of dollars worth of Ethereum by guessing users' private keys. Normally this should be impossible, but lots of keys seem to be very weak. Researchers are unsure how those weak keys are being generated and used.

<div class="cArrow"> </div><div class="cContentInner">Someone is stealing millions of dollars worth of Ethereum by guessing users' private keys. Normally this should be impossible, but lots of keys seem to be very weak. Researchers are unsure how those weak keys are being generated and used.</div>

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