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John Kiff

China's ubiquitous digital payments processor loves the blockchain - 0 views

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    Ant Financial is exploring how to issue digital assets in some form of a token on the blockchain that would represent something of value in the physical world-whether that be fiat currency or some other kind of asset.
John Kiff

SocGen Introduces Crypto to $2 Trillion Market for Covered Bonds - 0 views

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    Last month a unit of Societe Generale sold EUR 100M of mortgage-backed covered bonds in the form of digital tokens with the French bank as the only buyer. The idea was to test how the technology behind can be used to cut costs and speed settlement for the securities.
John Kiff

Major Crypto Traders Meet to Establish Industry Blacklist, Standards - 0 views

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    A group of traders from 35 digital assets firms are proposing to create a shared blacklist for parties who renege on trades and engage in dubious activities.
John Kiff

Ant Financial, Tencent, and Xiaomi Are Among HK's New 4 Virtual Banking Licensees - 0 views

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    The Hong Kong Monetary Authority issued virtual banking rights to 4 more companies: Ant SME Services (Hong Kong) , Infinium, Insight Fintech HK, and Ping An OneConnect.
John Kiff

JPMorgan Has Quietly Rebooted the Blockchain Tech Behind Its JPM Coin - 0 views

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    The JPM Coin team replaced Constellation, Quorum's privacy layer written in the Haskell computer language, with Tessera, which has a similar design, but is built in Java to make it easier for businesses to use and deploy.
John Kiff

Belarussian Exchange to Offer Tokenized Government Bonds - 0 views

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    The global exchange website Currency.com has announced that it will be offering a tokenized form of Belarussian government bonds. Users can now use fiat money, bitcoin and ether to invest in and trade Belarussian government bonds.
John Kiff

SEC Commissioner Fears 'Heel-Dragging' Will Stifle Crypto Innovation - 0 views

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    US SEC Commissioner Hester Peirce is worried that the regulator is moving too slowly for the crypto ecosystem. Rather than being heavyhanded in enforcing the rules as she once feared, the agency has instead been too sluggish to clarify or update them.
John Kiff

Fintech Can Cut Costs of Remittances to Latin America - 0 views

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    For Latin Americans living abroad sending money back home via traditional banking methods and money transfer operators can be a complicated and costly ordeal. More cost-effective approaches rely on using fintech, like mobile banking, according to a recent IMF working paper.
John Kiff

All of It Dark, All of It P2P: After the Binance Hack, Bitcoin Doesn't Cut It - 0 views

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    Binance this time decided not to make the deal with miners. And as time goes on, the attack becomes harder. But all it took was a private phone call. The majority hashpower lies under control of a handful of men. They can collude and reverse the chain.
John Kiff

William Shatner teams up with London firm Mattereum to fight fraud in collectibles - 0 views

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    Sci fi and courtroom drama legend William Shatner has announced a partnership with London legaltech firm Mattereum to document the authenticity of memorabilia and collectibles, on the blockchain.
John Kiff

MakerDAO Is Leaving Crypto Borrowers With Rising Bills - 0 views

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    MakerDAO emerged as a clear market leader in part for its rock-bottom interest rates of 0.5 percent, which are a technological necessity for keeping its DAI stablecoin worth $1. With interest rates rising to 19.5 percent, some early borrowers are angry.
John Kiff

New report makes case for greater regulatory oversight of crypto asset sector - 0 views

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    CipherTrace found that losses due to cryptocurrency thefts, scams and fraud tally more than $1.2 billion in A1 2019. This includes $356 million stolen from exchanges and the loss of $850 million by major exchange Bitfinex
John Kiff

XRP News: Will Ripple Customers Move to the New xRapid Payment Option Over xCurrent? - 0 views

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    Why do Ripple platform users still prefer to use xCurrent instead of the newer xRapid option? Only ten of the over two hundred financial institutions that are members of RippleNet are presently using XRP payment options.
John Kiff

US Lawmakers Form Fintech Task Force to Examine Industry - 0 views

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    The US House of Representatives Financial Services Committee has formed a Task Force on Financial Technology to "examine the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech."
John Kiff

US Senators Seek Information on Facebook's 'Libra' Crypto Project - 0 views

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    The U.S. Senate Banking Committee wrote an open letter to Facebook CEO Mark Zuckerberg, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy.
John Kiff

Germany Plans Major Digital Token Regulation Effort in 2019, Says Source - 0 views

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    Germany plans to introduce draft regulations allowing blockchain bonds as soon as this summer, local daily business news outlet Handelsblatt reported May 9.
John Kiff

Global sandbox admits first fintech firms - 0 views

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    In April, the GFIN global sandbox jointly run by 35 international regulators accepted its first eight firms into the program. The UK FCA said 44 applications were submitted. The eight successful firms will now develop plans for their cross-border trials, before being allowed to undertake tests. The firms that have successfully entered the testing stage will be announced in June.
John Kiff

Thailand develops prototype for blockchain-based CBDC - 0 views

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    The Bank of Thailand and its private-sector partners have developed their first prototype for a blockchain-based system to enable digital currency for interbank settlements between the BoT and eight commercial banks.
John Kiff

A New Crypto ETF Has Just Been Filed With the U.S. SEC - 0 views

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    Crescent Crypto Index Services has filed a prospectus for a new crypto-based ETF with the U.S. SEC. that will track the performance of a market capitalization-weighted portfolio of bitcoin and ether.
John Kiff

Ex-SoFI CEO's Startup Closes $1 Billion Credit Line on a Blockchain - 0 views

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    Figure Technologies has closed a $1 billion uncommitted line of credit on a blockchain with investment bank Jefferies, which may periodically lend to Figure under a variable funding note secured by Figure's home equity lines.
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