Skip to main content

Home/ Groups/ Fintech Daily Digest
John Kiff

U.S. proposes barring big tech companies from offering financial services, digital curr... - 0 views

  •  
    "A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or any other similar function, as defined by the Fed."
John Kiff

Samsung-backed consortium developing a blockchain-based mobile ID system - 0 views

  •  
    A "self-sovereign identity" system, in which consumers are able to protect their own data, is being developed by the participants for faster services. For instance, a student can be issued a new ID in less time as they won't have to submit related papers in person, thanks to blockchain technology.
John Kiff

Spam Attack? Bitcoin Average Block Size Suddenly Spikes to Over 3MB - 0 views

  •  
    Blockchain validation platform VeriBlock produced almost 25% of on-chain Bitcoin (BTC) transactions in 24 hours July 14, the company confirmed on social media
John Kiff

UK Announces 'Dirty Money' Crackdown, Including Tougher Crypto Regime - 0 views

  •  
    The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include "action on cryptoassets." The new Economic Crime Plan from H.M. Treasury and the Home Office is aimed to overhaul the the way economic crime is tackled, building better cooperation between government, law enforcement and the private sector.
John Kiff

Japan's Bitpoint crypto exchange hacked for $32 million - 0 views

  •  
    Japanese crypto exchange Bitpoint has become the latest exchange to suffer a major loss of funds. Its loss of $32 million-in five cryptocurrencies.
John Kiff

Crypto Exchange And XRP Refuge Bitsane Vanishes, Scamming As Many As 246,000 Users - 0 views

  •  
    Ireland-based cryptocurrency exchange Bitsane disappeared without a trace last week, likely taking hundreds of thousands of users' assets with it. Account holders told Forbes that attempts to withdraw bitcoin, XRP and other cryptocurrencies began failing in May, with Bitsane's support team writing in emails that withdrawals were "temporarily disabled due to technical reasons." By June 17, Bitsane's website was offline and its Twitter and Facebook accounts were deleted.
John Kiff

Crypto Regulations in Emerging & Developed Markets - 0 views

  •  
    Here are some of the laws and regulations for cryptocurrency in several emerging and developed markets.
John Kiff

The Case for a New International Monetary System | Cato Institute - 0 views

  •  
    Trump Fed nominee Judy Shelton: "An approach that permits the issuance of virtual currencies in tandem with government-issued currencies, adapting legal tender laws to permit healthy currency competition-should be put forward."
John Kiff

Drafted "Keep Big Tech out of Finance" Act Surfaces Days Before Libra Hearings - 0 views

  •  
    A draft bill entitled "Keep Big Tech out of Finance" has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document's metadata dates it July 12.
John Kiff

House Committee on Financial Services Libra Memo - 0 views

  •  
    Memo to the Members of the House Committee on Financial Services regarding the July 17, 2019 hearing entitled "Examining Facebook's Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System."
John Kiff

Golden blunders: How a string of technical mishaps has hampered Canada's junior gold mi... - 0 views

  •  
    The gold industry is perhaps unrivaled in its wastefulness. A producer has to dig up about 20 tonnes of ore for enough gold to make a wedding ring.
John Kiff

Washington insiders and Waters' memo: Here's what Congress wants to know about Facebook... - 0 views

  •  
    Washington insiders and Waters' memo: Here's what Congress wants to know about Facebook's Libra next week
John Kiff

SEC Weighs Whether to Regulate Facebook's Libra - 0 views

  •  
    Staff at the US SEC are looking at whether Libra's structure effectively makes it an exchange-traded fund, according to people familiar with the matter. If the SEC decided that Libra's design makes it an ETF, Facebook would need the regulator's approval to launch the project.
John Kiff

SEC doubles down, approving a second blockchain token offering in less than 24 hours - 0 views

  •  
    The SEC's approval of live streaming platform YouNow's Props token offering falls under Reg A+, which allows startups to raise up to $50 million in a public offering with fewer disclosures than a full IPO requires. Blockstack, a decentralized web platform for DApps, was the first blockchain firm approved under Reg A+.
John Kiff

Does hash rate follow price or does price follow hash rate? - 0 views

  •  
    For a definitive answer on whether the hash rate follows the price or vice-versa, we will likely need to wait another ten years to have a large enough data set to accurately analyze the correlation.
John Kiff

Bitcoin's 'Insane' Volatility Fueled By Massive Leverage - 0 views

  •  
    "The move from $4k-$10k was based on a confluence of real factors (Yuan depreciating, the Fed, etc), but the move from $10k to $14k, and back to $10k and back to $13k, and back to $11k was all based on leverage."
John Kiff

Improving the Monetary Regime: The Case for U.S. Digital Cash - 0 views

  •  
    An urgent priority for the Fed and other central banks is to move ahead with the provision of digital cash as a means of mitigating the effective lower bound. This approach will ensure that monetary policy will be systematic, transparent, and effective during normal times and in responding to severe adverse shocks.
John Kiff

Should the Bank of Japan Issue a Digital Currency? - 0 views

  •  
    The BoJ is continuing to examine CBDC. Recent intiatives include continuing DLT research (eg Project Stella with the ECB) and an internal study group on potential legal issues around BoJ CBDC issuance (a report will be released in due course).
John Kiff

The Revolution of Money 2 | Accenture - 0 views

  •  
    CBDC can leverage the decentralized and secure advantages of blockchain. This enables P2P transactions, offers a more resilient payment infrastructure, reduces transaction costs, enhances information sharing capabilities and facilitates data reconciliation. Blockchain enabled payment solutions have been rigorously tested by central banks across North America, Europe and Asia.
John Kiff

There's a big problem with Facebook's Libra cryptocurrency - 0 views

  •  
    Libra's future remains murky. Facebook is months away-at least-from actually launching a network. The documents Facebook released in June left a lot of unanswered questions about how the network will actually work-and in particular, how the network will deal with the wide range of legal and regulatory requirements that apply to payment networks.
« First ‹ Previous 7861 - 7880 of 8731 Next › Last »
Showing 20 items per page