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John Kiff

Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain - 0 views

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    Payments platform Wirex is launching 26 fiat-backed stablecoins on the Stellar blockchain network, including the U.S. dollar, euro, the British pound, Hong Kong dollar and the Singapore dollar.
John Kiff

MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin - 0 views

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    A majority vote to increase fees on programmatic lending platform MakerDAO has passed an initial round of polling today. This time, the winning vote is to increase fees by 2%, which, in comparison to past weeks, is a comparatively small increase to the usual 3 or 4%.
John Kiff

Genesis Lends $425 Million of Crypto in Q1 - and Not Just to Short Sellers - 0 views

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    Genesis Global Capital wrote $425 million of crypto loans in the first quarter, bringing its total originations since the business launched in March 2018 to $1.53 billion.
John Kiff

Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege - CoinDesk - 0 views

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    "The New York Attorney General's office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall."
John Kiff

Startup Arca Seeks SEC Approval for US Treasury Bond-Backed Stablecoin - 0 views

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    Arca Investment Management is seeking US SEC approval for a US Treasury securities fund whose shares would be tokenized on the ethereum blockchain.
John Kiff

XRP is the Worst-Performing Major Crypto of 2019 - 0 views

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    Ripple's XRP is having a disastrous start to 2019. In a year when bitcoin is storming back towards bull territory, XRP has crashed 16 percent. The third-largest cryptocurrency is now the worst-performing digital asset in the top ten.
John Kiff

TrustToken Announces Four New Stablecoins - 0 views

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    TrustToken will expand into four new fiat-backed stablecoins; TrueAUD, TrueEUR, TrueCAD and TrueHKD (from its TrueUSD and TrueGBP coins).
John Kiff

Blockchain Payments Firm Bitspark Releases Stablecoin Pegged to Philippine Peso - 0 views

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    Bitspark, a blockchain-based bankless money transfer solution, will launch a Philippine Peso pegged cryptocurrency for money transfers dubbed "peg.PHP."
John Kiff

Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain - 0 views

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    Sumitomo Mitsui Banking Corporation will launch its blockchain-based Marco Polo trade finance platform later this year.
John Kiff

Report: Samsung Planning New Blockchain Mainnet Featuring Samsung Coin - 0 views

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    Samsung may be developing a public-private blockchain based on Ethereum (ETH) along with a new asset dubbed Samsung Coin.
John Kiff

China's Foreign Exchange Regulator Piloting Blockchain in Trade Finance - 0 views

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    The agency that regulates and manages China's foreign exchange reserves has developed a blockchain system aimed to address inefficiencies in cross-border trade finance.
John Kiff

French Lender Societe Generale Issues $112 Million Bond on Ethereum - CoinDesk - 0 views

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    Societe Generale issued EUR100 million of covered bonds in the form of a security token on the ethereum blockchain. However the bank issued the securities to itself and no outside buyers were involved.
John Kiff

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight - 0 views

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    Nice summary of Fintech activities at the IMF/WB Spring Meetings.
John Kiff

Researchers: DEXs plagued by malicious trading bots - 0 views

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    "Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges" uncovers a number of significant details surrounding the activity of malicious trading bots on decentralized exchanges.
John Kiff

Life's a breach: banks settle uncomfortably into GDPR - 0 views

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    The EU's GDPR requires reporting of data breaches to authorities within 72 hours. The maximum penalty for failing to do so is 4% of a year's revenue. The number of breaches reported across Europe varies widely.
John Kiff

Can IBM's World Wire Be The Answer To Cryptocurrency Payments? - 0 views

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    The cross-border payment applications of Ripple, JPM Coin, and World Wire aim mainly at financial and enterprise institutions. None are designed for the other side of the market.
John Kiff

Motivations and prospects for central bank digital currency - 0 views

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    So far, most central banks remain a long way from issuing CBDC of any kind. But given that technology has been progressing fast in the settlement and payment areas, as well as DLT, it is possible central banks may increase their interest in retail and wholesale CBDC proposals based on DLT and consider actual implementation seriously in the near future.
John Kiff

Binance DEX Launches on Native Mainnet Earlier Than Planned, Invites Community Input - 0 views

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    Binance, the world's largest crypto exchange by adjusted volume, has launched its decentralized trading platform (DEX). A DEX enables users to trade P2P, using smart contracts to automate deal matching and asset liquidation.
John Kiff

IMF / World Bank shares CBDC learnings from educational blockchain - 0 views

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    The International Monetary Fund and World Bank have been exploring blockchain together by creating a Learning Coin.
John Kiff

Aa Traditional Remittance Rates Soar, Crypto-Baaed Transfers Can Cut Costs in Africa by... - 0 views

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    On average, it costs 9.3% to send the equivalent of $200 to the Africa according to a new World Bank report. However, the cost drops by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.
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