Fintech Daily Digest

IBM and Microsoft have released new technologies focus on tackling the challenge of identity on permissioned and public blockchains respectively. The approaches are different but they give us a glimpse of how innovation is evolving in this space.

A new digital token backed by $300 million worth of gold guaranteed by the Chinese Gold and Silver Exchange has just been released in Hong Kong.

Six individuals from 'The Community' hacking group have been charged with stealing over $2.4 million in cryptocurrency using the SIM swapping method.

For the first time in five months, MakerDAO token holders have voted to decrease fees on all DAI loans. DAI is a dollar-pegged stablecoin operating on the ethereum blockchain backed by nearly 2 million ether tokens.

E-money adoption may be extremely rapid, but that it may raise significant risks. Policies to counter these risks yield a synthetic version of central bank digital currency with various advantages relative to the full-service version.

Stellar, whose lumens token is currently the eighth-largest cryptocurrency by market cap, went down entirely for around 110 minutes on May 15.

Neutral Dollar is a metastable basket of stablecoins. The result is a digital dollar designed to have lower volatility than individual stablecoins by combining fragmented pools of liquidity.

Crypto industry veterans say Chinese investors are behind the recent bitcoin spike, as they try to exchange out of the falling weak yuan, as Trump has raises tariffs.

Coinbase launched its custody service 12 months ago, and the AUM has now crossed $1 billion with 70 institutions signed up.

Lost among the current bout of cryptocurrency euphoria is the fact that capital outflows are exceeding inflows on some of the biggest digital-asset exchanges

Perhaps the chaos in Venezuela will be remembered for fusing-if only in theory-the technological and financial ideas that could someday allow us to link volatile resource prices with risky development to promote the economy's general welfare.

For this article, we asked two questions. One question was about the benefits for a central bank from issuing a stablecoin and another was about the benefits for users and the economy from a stablecoin issued by a central bank.

Finastra has signed three global banks on its Corda Enterprise-based Fusion LenderComm platform as part of a coordinated campaign.

Just 376 people hold a third of all Ether according to new research by Chainalysis Inc.

Bakkt may finally receive the approval for its BTC futures in the next 10 days. It all depends on whether the U. S. CFTC decides to not to disapprove the futures.

Polish-British fintech firm Billon has sealed an almost €2 million grant from the European Commission's SME Instrument program to develop a blockchain document management system.

Crypto market prime dealer and trading system SFOX is partnering with NY-based MY Safra Bank to offer its traders deposit accounts backed by the Federal Deposit Insurance Corporation (FDIC).

Our empirical results show that traditional assets such as global equities and global bonds are weak hedges for Bitcoin. Furthermore, we observe that gold acts as a strong hedge against Bitcoin during an extreme bearish Bitcoin market, although the impact is marginal.

The overall goal of any regulation should be to fasten the activities of the most proximate regulators to particular asset classes or value transfer/exchange mechanisms so as to avoid regulatory arbitrage. Where there are no proximate regulations to do so, regulatory sandboxes by the most proximate regulators could be employed.

The US SEC said it would hold off on making a decision on the Bitwise ETF proposal filed with NYSE Arca.