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John Kiff

Blockchain Hype Missed the Mark, and Not by a Little - 0 views

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    Blockchains remain high-cost solutions, often beset by chaotic competition, and they exist in ecosystems beset with dishonesty, fraud and human error. Blockchains might have a chance to change the world someday, but there's also a chance they will prove useless.
John Kiff

Indictment reveals new clues in the Crypto Capital situation - 0 views

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    Crypto Capital founder Reggie Fowler is being charged by the SDNY with bank fraud and conspiracy to commit bank fraud, and of running an unlicensed money transmission business and conspiracy related to its operation. Crypto Capital were the money transmitters for Bitfinex and Tether.
John Kiff

Crypto Capital and Bitfinex's missing millions, and Reggie Fowler - 0 views

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    Crypto Capital were the money transmitters for Bitfinex and Tether. They operated in the US through Global Trading Solutions. The founder of GTS, Reggie Fowler, was indicted on Tuesday. The US Government has filed a motion to detain Fowler as a flight risk.
John Kiff

Young people and their phones are shaking up banking - 0 views

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    "The mobile phone allows financial products to be linked with other services in novel ways."
John Kiff

Binance, OKEx and KuCoin Are Using IEOs to Command the Spotlight - 0 views

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    Token sales haven't stopped since the 2017 boom. They've just changed names. Initial exchange offerings (IEOs) - where a cryptocurrency exchange offers a direct listing and launch campaign for a new startup token - are earning blockchain companies millions in 2019.
John Kiff

South Korea: Financial Regulator Authorizes 9 Fintech, Blockchain Firms for Trial Opera... - 1 views

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    The South Korean Financial Services Commission has authorized nine fintech companies to operate in the country as part of its regulatory sandbox. Over 100 companies have applied for the program since its January launch.
John Kiff

Korea kick-starts financial regulatory sandbox experiment (April 1, 2019) - 0 views

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    South Korea's financial regulatory sandbox policy went into effect Monday, with the Financial Services Commission selecting 19 innovative fintech services for "priority review."
John Kiff

Ripple Partners with Ria Money Transfer to Power Instant Global Payments - 0 views

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    Ria Money Transfer has joined the RippleNet blockchain-based global payments network. Ria is one of the largest payment service providers in the world, With customers in over 155 countries, and $40 billion in money transfer volume per year.
John Kiff

Singapore Central Bank Says It 'Does Not See Much' in Ripple's Cryptocurrency - 0 views

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    Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore: "We don't see much in the Ripple bank digital currency, but definitely still a lot of hope that we can remove a lot of inefficiency […] when it comes to cross-border payments."
John Kiff

OCC official provides more detail on financial innovation pilot - 0 views

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    The OCC Innovation Pilot Program would be offered only to OCC-regulated banks that need regulatory guidance on offering an innovative product or service to the market. A bank can partner with a fintech firm in the pilot or the bank can join others in offering a consortium-backed idea. The program is distinctly different from the OCC's new special-purpose charter that is open to a nonbank fintechs.
John Kiff

JP Morgan and Microsoft announce strategic partnership to drive enterprise adoption of ... - 0 views

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    JP Morgan is tapping Microsoft's Azure cloud-based services to boost its blockchain-based Quorum platform, aiming to make it easier, faster and cheaper for companies to build and deploy blockchain applications.
John Kiff

Facebook Seeks Reported $1 Billion for FB Coin Amid Talks With Visa, MasterCard - 0 views

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    Facebook is looking to raise $1 billion for its rumored cryptocurrency stablecoin, the WSJ reports. Facebook was also said to be talking Visa and MasterCard about potential support, along with payment processor First Data Corp.
John Kiff

Introducing the "exit coin" for the luxury sector | FT Alphaville - 0 views

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    While it is true to say that the great ICOmedy festival has died down a fair bit in recent months, it's not quite over yet. Dressed up in all sorts of new cryptoclothes and abbreviations, the perpetually preposterous initial coin offering lives on.
John Kiff

Thai SEC Deputy Secretary: New Regulation Allows for Digital Shares, Tokenized Securities - 0 views

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    The Securities and Exchange Act of 2019, in effect since April 17, aims to help Thailand introduce blockchain use in trade and security tokenization. https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=7406&NewsNo=38&NewsYear=2019&Lang=EN
John Kiff

Bakkt buys crypto asset custody company - 0 views

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    Bakkt has acquired crypto custodian, Digital Asset Custody Company, and partnered with custodial bank, BNY Mellon. These developments are part of its strategy to provide a fully regulated, end-to-end crypto asset custody and trading ecosystem for institutional investors.
John Kiff

Subscribe to read | Financial Times - 0 views

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    The International Accounting Standards Board will on Friday publish proposals offering relief on the treatment of old Libor-type benchmarks and newer ones, such as Sofr, the US benchmark.
John Kiff

US OCC Solicits Public Comment on Proposed Innovation Pilot Program - 0 views

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    The US Office of the Comptroller of the Currency proposed an Innovation Pilot Program, designed to provide OCC-supervised entities with regulatory input early in the testing of innovative activities.
John Kiff

22% of Institutional Investors Have Some Digital Asset Exposure: Fidelity - 0 views

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    A survey conducted by Fidelity Investments found that, already, around 22% of investors have some exposure to digital assets, while 40% say they are open to taking the plunge in the next five years. Of those that have exposure, most investments were made in the last three years.
John Kiff

100 organizations to accelerate blockchain deployment with World Economic Forum - 0 views

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    The World Economic Forum has teamed up with over 100 global supply chain and logistics leaders to standardize blockchain apps in the industry. The project aims to co-develop interoperable blockchain applications in the logistics industry and to leverage an open-source toolkit to deploy blockchain responsibly.
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