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John Kiff

CME Bitcoin Institutional Interest Hits New Record - Up 80% YOY - 0 views

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    CME Bitcoin futures reached a record all-time of 5,311 contracts or $250 Million this week, as new Institutional money flows into the Bitcoin derivative market.
John Kiff

MetLife's LumenLab Using Blockchain to Automate Life Insurance Claims - 0 views

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    Known as "Lifechain," the collaboration with Singapore Press Holdings and NTUC Income will enable bereaved families who place obituaries in a local newspaper to instantly trigger searches to see whether their loved one had a life insurance policy.
John Kiff

PwC launches solution supporting audit of cryptocurrency - 0 views

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    PwC has added a new tool to its Halo auditing suite to provide assurance services for entities engaging in cryptocurrency transactions. It will permit the firm to provide independent evidence of private-public key pairing (to establish crypto asset ownership), and gather information about transactions and balances from blockchains.
John Kiff

Libra: not a currency board and (maybe) not a stable currency - 0 views

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    In the absence of a proper fixed exchange rate and a credible mechanism to maintain it, Libra looks more like a standard flexible exchange rate currency. Its stability will depend on its credibility. Referring to the fact that there are enough assets backing its supply is not a good argument (that argument applies to any central bank issuing fiat money).
John Kiff

Is the Libra digital coin just Facebook's version of Tencent's QQ coin? - 0 views

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    Chinese netizens are unimpressed with Facebook's blockchain project as Tencent's Pony Ma and Sogou's Wang Xiaochuan weigh in.
John Kiff

EIB, Euroclear, Banco Santander & EY developing blockchain solution - 0 views

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    Euroclear, one of the world's largest securities depositories, says it will push forward with building a pilot blockchain-based platform for the issuance and settlement of European commercial paper (ECP).
John Kiff

Facebook's Libra will not help the unbanked - 0 views

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    When you dig in to the details of how Libra is supposed to work, there's nothing at all about how it will actually help the unbanked.
John Kiff

Thoughts on Libra "Blockchain" - 0 views

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    Jameson Lopp digs into the 26 page technical document describing the protocol to be used as a platform for the Libra coin (and more.)
John Kiff

Facebook's Libra Currency Draws Instant Response from Regulators - 0 views

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    Facebook's plans to launch a new global digital currency drew an immediate response from regulators on Tuesday, with the Group of Seven nations saying it would set up a high-level forum to examine the risks of such currencies to the financial system. Central banks and the IMF will also participate.
John Kiff

HSBC Launches Tokenization-Based Receivables System for India - 0 views

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    Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India.
John Kiff

Italy's Banks to Use Blockchain to Boost Settlements and Improve Transparency - 0 views

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    The Italian Banking Association has announced that Italy's banks will integrate distributed ledger technology into internal processes to boost settlements. The deployment of blockchain is also set to improve transparency in transactions between banks and efficiency of communication between counterparties.
John Kiff

Will Libra Displace National Currencies? - 0 views

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    If you buy most things online, and if everything online is priced in Libras, then you'll end up living your life denominated in Libras, and only converting your Libras into dollars on your occasional touristic visits to the physical world. The goal is for Libra to be more useful than any national currency, accepted in more places and with fewer complications; pegging it to a single national currency would only hold it back.
John Kiff

An in-depth review of Facebook's long-anticipated entry into cryptocurrency - 0 views

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    An in-depth review of Facebook's long-anticipated entry into cryptocurrency
John Kiff

The (Facebook) Libra Reserve - 0 views

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    This document contains several parts: (1) What is the purpose of the reserve? (2) How is it getting set up? (3) How do entities interact with it? And (4) How will it change over time?
John Kiff

UBS introduces smart contracts for structured products - 0 views

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    UBS is spearheading the use of smart contracts for some Asian structured products to reduce manual inputs required for trades, which it believes will save costs and boost profit margins.
John Kiff

What is Libra, Facebook's new digital coin? - 0 views

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    Facebook has revealed plans for an ambitious new digital currency, Libra, ending months of speculation about the project. The work is in its early stages but Facebook has published documents revealing ideas for the currency and some heavyweight partners. Many of the details will be hashed out in the coming months.
John Kiff

Facebook announces Libra cryptocurrency with a massive list of partners - 0 views

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    Signing up for Calibra will require KYC (know your customer) verification, meaning that users will have to upload some sort of government-issued ID before they can start using the service.
John Kiff

Ripple Could Invest Up to $50 Million in MoneyGram in XRP Boosting Deal - 0 views

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    Ripple has struck a deal to buy a stake in money transfer giant MoneyGram that will see MoneyGram using XRP as part of its day-to-day operations by way of Ripple's xRapid transaction product. MoneyGram started piloting the token back in January 2018.
John Kiff

Facebook's Libra Cryptocurrency: Under The Hood - 0 views

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    From a technical perspective, the consensus mechanism that helps members with different interests come to an agreement uses a modified version of the math behind bitcoin's Byzantine Fault Tolerance (BFT) algorithm, called BFTLibra.
John Kiff

Facebook Unveils New "Currency" - 0 views

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    A possible policy impact could come from Libra's use as a safe haven. It may be easier for people to flee to Libra than to dollar assets, which could impact exchange rates worldwide. To the extent Libra attracts depositors away from banks, it could have an impact on banks' access to funding.
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