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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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitfinex Will Vigorously Challenge $850M Lost Tether 'False Assertions' - 0 views

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    Following the NY AG's accusations of a $850M cover-up, Binfinex refutes the claims as 'riddled with false assertions' and that the funds are not lost.
John Kiff

A look at Crypto Capital, the company serving both Bitfinex and QuadrigaCX - 0 views

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    What does QuadrigaCX, the Canadian exchange that recently lost $190 million in users' funds and Bitfinex, which lost $850 million in funds, have in common? They both relied on a shady Panama "bank," Crypto Capital, to handle payment processing.
John Kiff

TalkGold - the ponzi forum where Quadriga's Patryn and Cotten first met - 0 views

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    Quadriga cofounders Michael Patryn and the now-deceased Gerald Cotten worked together for a period at Midas Gold, a digital currency exchanger that ran from 2008 until May 2013, when it was pulled offline. Now it appears their connections stretch back even further.
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