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We've had private currencies like Libra before. It was chaos - 0 views

www.technologyreview.com/...like-libra-before-it-was-chaos

Fintech CryptoAssets AltCoins Stablecoins Facebook

shared by John Kiff on 27 Jul 19 -

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John Kiff on 27 Jul 19

The result might be a modern version of the type of price volatility that private currencies caused in the US back in the 1830s. Bullard predicts that today's consumers and businesses won't like exchange-rate chaos any more today than people did then. He says that system's unpopularity factored into the government's decision a few decades later to replace it with a national banking system. Out of that chaos, the dollar was able to rule.

<div class="cArrow"> </div><div class="cContentInner">The result might be a modern version of the type of price volatility that private currencies caused in the US back in the 1830s. Bullard predicts that today's consumers and businesses won't like exchange-rate chaos any more today than people did then. He says that system's unpopularity factored into the government's decision a few decades later to replace it with a national banking system. Out of that chaos, the dollar was able to rule.</div>

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HANNIBAL AD PORTAS! - 0 views

www.media.mit.edu/...hannibal-ad-portas

Fintech CryptoAssets AltCoins Stablecoins Facebook Tokenization

shared by John Kiff on 27 Jul 19 -

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John Kiff on 27 Jul 19

"Our solution boils down to assembling a pool of assets (contributed by sponsors), appointing an administrator (who provides enforcement of policies in extreme situations), digitizing the ownership rights on this pool, and building a special purpose narrow bank to facilitate activities of the administrator. This solution was published a year ago in both Scientific American and the Royal Society under the name Tradecoin."

<div class="cArrow"> </div><div class="cContentInner">"Our solution boils down to assembling a pool of assets (contributed by sponsors), appointing an administrator (who provides enforcement of policies in extreme situations), digitizing the ownership rights on this pool, and building a special purpose narrow bank to facilitate activities of the administrator. This solution was published a year ago in both Scientific American and the Royal Society under the name Tradecoin."</div>

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Digital trade coin: towards a more stable digital currency - 0 views

royalsocietypublishing.org/...rsos.180155

Fintech CryptoAssets AltCoins Stablecoins Facebook Tokenization

shared by John Kiff on 27 Jul 19 - No Cached

John Kiff on 27 Jul 19

We propose a practical mechanism combining novel technological breakthroughs with well-established hedging techniques for building an asset-backed transactional oriented cryptocurrency, which we call the digital trade coin (DTC). We show that in its mature state, the DTC can serve as a much-needed counterpoint to fiat reserve currencies of today.

<div class="cArrow"> </div><div class="cContentInner">We propose a practical mechanism combining novel technological breakthroughs with well-established hedging techniques for building an asset-backed transactional oriented cryptocurrency, which we call the digital trade coin (DTC). We show that in its mature state, the DTC can serve as a much-needed counterpoint to fiat reserve currencies of today.</div>

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New 'Block Trading' Service Launches by Binance for Traders Wanting to Make Big Crypto ... - 0 views

bitcoinexchangeguide.com/anting-to-make-big-crypto-buys

Fintech CryptoAssets Liquidity

shared by John Kiff on 27 Jul 19 -

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John Kiff on 27 Jul 19

Binance is now offering a block trading option makes it possible to traders to collect more digital assets without the need for an order book, reaching over 10 Bitcoin in value. This is good for traders that want to avoid potential loss, based on the price slippage that happens with large orders being logged.

<div class="cArrow"> </div><div class="cContentInner">Binance is now offering a block trading option makes it possible to traders to collect more digital assets without the need for an order book, reaching over 10 Bitcoin in value. This is good for traders that want to avoid potential loss, based on the price slippage that happens with large orders being logged.</div>

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MIT Fellow Says Facebook 'Lifted' His Ideas for Libra Cryptocurrency - 0 views

www.coindesk.com/ideas-for-libra-cryptocurrency

Fintech CryptoAssets AltCoins Stablecoins Facebook

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John Kiff on 27 Jul 19

MIT's Alex Lipton says there is a key design problem with Libra in that it would be issued in a non-immunized fashion against financial paper. Libra will need to buy high-grade paper to back the coin, so the owner of the paper will receive money from Libra (which it collected from consumers in return for Libra) and this money will start to circulate in the system. As such, there would be twice as much money in the system, with all the negative consequences.

<div class="cArrow"> </div><div class="cContentInner">MIT's Alex Lipton says there is a key design problem with Libra in that it would be issued in a non-immunized fashion against financial paper. Libra will need to buy high-grade paper to back the coin, so the owner of the paper will receive money from Libra (which it collected from consumers in return for Libra) and this money will start to circulate in the system. As such, there would be twice as much money in the system, with all the negative consequences.</div>

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IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders - 0 views

www.wsj.com/...tocurrency-holders-11564159523

Fintech CryptoAssets Taxation

shared by John Kiff on 27 Jul 19 -

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John Kiff on 27 Jul 19

The Internal Revenue Service has begun sending letters to more than 10,000 cryptocurrency holders, warning they may have broken federal tax laws.

<div class="cArrow"> </div><div class="cContentInner">The Internal Revenue Service has begun sending letters to more than 10,000 cryptocurrency holders, warning they may have broken federal tax laws.</div>

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SWIFT Vs. Ripple - The Importance of Speed in Cross-Border Payments - 0 views

cointelegraph.com/...speed-in-cross-border-payments

Fintech Blockchain CryptoAssets Ripple CrossBorder

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Analysis of CDS Spread Fluctuations with an Application to the Negative Basis Arbitrage - 0 views

papers.ssrn.com/...papers.cfm

Plumbing CDS

shared by John Kiff on 26 Jul 19 - No Cached

John Kiff on 26 Jul 19

We construct an empirical measure of spread (EMS) to capture the dynamics of quoted CDS spreads to derive a refined negative CDS-bond basis trading strategy. and find that the EMS can explain the movement of near future CDS spreads.

<div class="cArrow"> </div><div class="cContentInner">We construct an empirical measure of spread (EMS) to capture the dynamics of quoted CDS spreads to derive a refined negative CDS-bond basis trading strategy. and find that the EMS can explain the movement of near future CDS spreads.</div>

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Bakkt is eyeing a launch in Q3, but part of its plan is risky, sources say - 0 views

www.theblockcrypto.com/...-its-plan-is-risky-sources-say

Fintech CryptoAssets Bitcoin Futures Derivatives Plumbing

shared by John Kiff on 26 Jul 19 -

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John Kiff on 26 Jul 19

ICE-backed Bakkt is apparently gearing up to announce a Q3 launch date. It is still waiting on approval from the NY DFS to operate Bakkt Warehouse, the custodian for the bitcoin that underpins its physically delivered futures. However, some are arguing that Bakkt's guaranty fund will be too small, which Bakkt itself seems to acknowledge with plans to increase the guaranty fund over time, after the launch.

<div class="cArrow"> </div><div class="cContentInner">ICE-backed Bakkt is apparently gearing up to announce a Q3 launch date. It is still waiting on approval from the NY DFS to operate Bakkt Warehouse, the custodian for the bitcoin that underpins its physically delivered futures. However, some are arguing that Bakkt's guaranty fund will be too small, which Bakkt itself seems to acknowledge with plans to increase the guaranty fund over time, after the launch.</div>

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Do stablecoins like libra differ from other crypto assets - 0 views

www.centralbanking.com/...iffer-from-other-crypto-assets

Fintech CryptoAssets AltCoins Stablecoins Facebook

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An Overview Of The Regulatory Framework Of FinTech In Nigeria - 0 views

www.mondaq.com/...ramework+of+FinTech+in+Nigeria

Fintech Regulation

shared by John Kiff on 26 Jul 19 -

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John Kiff on 26 Jul 19

The purpose of this paper is to identify and examine the existing regulations in Nigeria's FinTech industry and to canvass for a cohesive and comprehensive legislation for Fintech in Nigeria.

<div class="cArrow"> </div><div class="cContentInner">The purpose of this paper is to identify and examine the existing regulations in Nigeria's FinTech industry and to canvass for a cohesive and comprehensive legislation for Fintech in Nigeria.</div>

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NY DFS Grants Licenses to Seed CX Companies to Provide Virtual Currency Services for In... - 0 views

www.dfs.ny.gov/...pr1907151

Fintech CryptoAssets Derivatives Institutionalization Regulation

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John Kiff on 26 Jul 19

The New York Department of Financial Services (NYDFS) has granted virtual currency licenses to two subsidiaries of aspiring crypto derivatives provider Seed CX.

<div class="cArrow"> </div><div class="cContentInner">The New York Department of Financial Services (NYDFS) has granted virtual currency licenses to two subsidiaries of aspiring crypto derivatives provider Seed CX.</div>

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Japanese financial services giant Monex submits application to join Facebook's Libra - 0 views

www.theblockcrypto.com/...o-join-facebooks-libra-project

AltCoins CryptoAssets Facebook Fintech Stablecoins

shared by John Kiff on 26 Jul 19 - No Cached

John Kiff on 26 Jul 19

Monex Group, the Japan-based online brokerage firm that also owns cryptocurrency exchange Coincheck, has submitted an application to join Facebook's Libra project.

<div class="cArrow"> </div><div class="cContentInner">Monex Group, the Japan-based online brokerage firm that also owns cryptocurrency exchange Coincheck, has submitted an application to join Facebook's Libra project.</div>

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WhatsApp Payments coming to India later this year - 0 views

www.zdnet.com/...oming-to-india-later-this-year

Facebook Fintech PaymentSystems

shared by John Kiff on 26 Jul 19 - No Cached

John Kiff on 26 Jul 19

WhatsApp will launch an in-app payment service later this year, with the service to initially be rolled out in India. A pilot trial of the payments service that is conducted on UPI standards is already underway.

<div class="cArrow"> </div><div class="cContentInner">WhatsApp will launch an in-app payment service later this year, with the service to initially be rolled out in India. A pilot trial of the payments service that is conducted on UPI standards is already underway.</div>

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Here's Why Bitcoin Price Slipped 6% Overnight in Abrupt Drop Near $9,500 - 0 views

www.ccn.com/...26

CryptoAssets Fintech

shared by John Kiff on 26 Jul 19 - No Cached

John Kiff on 26 Jul 19

Regulatory uncertainty in the U.S. market could hinder short-term crypto market sentiment. Also several major exchanges have limited access to certain crypto pairings for U.S. customers and Poloniex is said to have been considering a move out of the U.S.

<div class="cArrow"> </div><div class="cContentInner">Regulatory uncertainty in the U.S. market could hinder short-term crypto market sentiment. Also several major exchanges have limited access to certain crypto pairings for U.S. customers and Poloniex is said to have been considering a move out of the U.S.</div>

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Opportunities, Concerns, and Investor Profiles for Bitcoin as an Investment - 0 views

grayscale.co/bitcoin-investor-study-2019

CryptoAssets Fintech

shared by John Kiff on 26 Jul 19 - No Cached

John Kiff on 26 Jul 19

According to the survey, over one-third of Americans are interested in buying into bitcoin, but issues such as hacks and lack of regulation are keeping cryptocurrencies from reaching a broader audience. 75% of all investors and 65% of those interested in investing in bitcoin say crime is their paramount fear.

<div class="cArrow"> </div><div class="cContentInner">According to the survey, over one-third of Americans are interested in buying into bitcoin, but issues such as hacks and lack of regulation are keeping cryptocurrencies from reaching a broader audience. 75% of all investors and 65% of those interested in investing in bitcoin say crime is their paramount fear. </div>

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Cash, Card or Crypto? - Platform Helps Stores Accept Digital Payments - 0 views

cointelegraph.com/...stores-accept-digital-payments

Fintech CryptoAssets PaymentSystems

shared by John Kiff on 25 Jul 19 -

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John Kiff on 25 Jul 19

Through Elipay, merchants can accept Bitcoin Cash, Bitcoin, Ether and ELI tokens (its native currency) via a platform that can be integrated into their existing infrastructure. Settlements occur immediately - and the company claims its technology eliminates the delays seen when credit card payments are being cleared. To address concerns over volatility, businesses that accept digital currencies can opt to receive revenue in their local currency, meaning no in-depth crypto knowledge is required.

<div class="cArrow"> </div><div class="cContentInner">Through Elipay, merchants can accept Bitcoin Cash, Bitcoin, Ether and ELI tokens (its native currency) via a platform that can be integrated into their existing infrastructure. Settlements occur immediately - and the company claims its technology eliminates the delays seen when credit card payments are being cleared. To address concerns over volatility, businesses that accept digital currencies can opt to receive revenue in their local currency, meaning no in-depth crypto knowledge is required.</div>

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On Crypto Exchanges, the Trades Don't Always Add Up - 0 views

www.bloomberg.com/...the-trades-don-t-always-add-up

Liquidity Fintech CryptoAssets

shared by John Kiff on 25 Jul 19 - No Cached

John Kiff on 25 Jul 19

Regulators and companies are scrambling to address rampant fraud on cryptocurrency exchanges; many services that sort through exchange data are now available.

<div class="cArrow"> </div><div class="cContentInner">Regulators and companies are scrambling to address rampant fraud on cryptocurrency exchanges; many services that sort through exchange data are now available.</div>

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What are the odds Facebook's Libra launches on time? - 0 views

qz.com/...ryptocurrency-could-be-delayed

Regulation AltCoins Facebook Stablecoins CryptoAssets Fintech

shared by John Kiff on 25 Jul 19 - No Cached

John Kiff on 25 Jul 19

"Ten years after Bitcoin began operating, we are still trying to understand it and regulators have not figured out what to do about it," said Angela Walch. "In the end, Facebook and Libra are entering the high-stakes domain of money and finance-they should expect to carry a heavy regulatory burden just as others operating in this space do."

<div class="cArrow"> </div><div class="cContentInner">"Ten years after Bitcoin began operating, we are still trying to understand it and regulators have not figured out what to do about it," said Angela Walch. "In the end, Facebook and Libra are entering the high-stakes domain of money and finance-they should expect to carry a heavy regulatory burden just as others operating in this space do."</div>

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NY DFS Superintendent Linda Lacewell Announces Newly Created Research and Innovation Di... - 0 views

www.dfs.ny.gov/...pr1907231

Fintech CryptoAssets Regulation

shared by John Kiff on 25 Jul 19 -

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John Kiff on 25 Jul 19

The New York State Department of Financial Services has created a new Research and Innovation Division that will oversee the licensing of cryptocurrency firms. The division will be responsible for "licensing and supervising virtual currencies," such as BitLicense, address financial inclusion, as well as protect consumer data rights.

<div class="cArrow"> </div><div class="cContentInner">The New York State Department of Financial Services has created a new Research and Innovation Division that will oversee the licensing of cryptocurrency firms. The division will be responsible for "licensing and supervising virtual currencies," such as BitLicense, address financial inclusion, as well as protect consumer data rights.</div>

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Fintech Daily Digest

We've had private currencies like Libra before. It was chaos - 0 views

HANNIBAL AD PORTAS! - 0 views

Digital trade coin: towards a more stable digital currency - 0 views

New 'Block Trading' Service Launches by Binance for Traders Wanting to Make Big Crypto ... - 0 views

MIT Fellow Says Facebook 'Lifted' His Ideas for Libra Cryptocurrency - 0 views

IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders - 0 views

SWIFT Vs. Ripple - The Importance of Speed in Cross-Border Payments - 0 views

Analysis of CDS Spread Fluctuations with an Application to the Negative Basis Arbitrage - 0 views

Bakkt is eyeing a launch in Q3, but part of its plan is risky, sources say - 0 views

Do stablecoins like libra differ from other crypto assets - 0 views

An Overview Of The Regulatory Framework Of FinTech In Nigeria - 0 views

NY DFS Grants Licenses to Seed CX Companies to Provide Virtual Currency Services for In... - 0 views

Japanese financial services giant Monex submits application to join Facebook's Libra - 0 views

WhatsApp Payments coming to India later this year - 0 views

Here's Why Bitcoin Price Slipped 6% Overnight in Abrupt Drop Near $9,500 - 0 views

Opportunities, Concerns, and Investor Profiles for Bitcoin as an Investment - 0 views

Cash, Card or Crypto? - Platform Helps Stores Accept Digital Payments - 0 views

On Crypto Exchanges, the Trades Don't Always Add Up - 0 views

What are the odds Facebook's Libra launches on time? - 0 views

NY DFS Superintendent Linda Lacewell Announces Newly Created Research and Innovation Di... - 0 views

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