Skip to main content

Home/ Groups/ Fintech Daily Digest
Rss Feed
Sort By: Most Recent | Popular Filter: All | Bookmarks | Topics Simple Middle
John Kiff

William Shatner's Crypto Startup Helps You Digitize Precious Items - 0 views

www.ccn.com/...21

Fintech Blockchain Ethereum

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    William Shatner is heading his own start-up, Third Millenia, which will help people use the Mattereum protocol. Mattereum is a blockchain solution for authenticity and legal ownership bolstered by the blockchain. Using microchips and Ethereum, users can not only validate, for example, a signed photograph, but they can also find out a lot more backstory about the item in question. Shatner had previously partnered with the company.
John Kiff

When Facebook's Banker Is Bank of England Governor Mark Carney - 0 views

www.bloomberg.com/...f-england-governor-mark-carney

Fintech CryptoAssets AltCoins Stablecoins Facebook CBDC

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    One idea as to how officials might keep CEO Mark Zuckerberg's dreams grounded in reality is to get under the hood of what goes into the digital currency in the first place. Given Libra wants to back every digital cent with a mix of real-world reserve currencies, that might be the best place to start. Bank of England boss Mark Carney hinted at this in his Mansion House speech on Thursday, proposing that tech firms and other non-banks be allowed to hold funds directly at the central bank.
John Kiff

All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules - 0 views

www.coindesk.com/fatf-crypto-travel-rule

Fintech CryptoAssets AMLCFT Regulation

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    As expected, the Financial Action Task Force (FATF) standards released Friday include a controversial requirement that "virtual asset service providers" (VASPs), including crypto exchanges, pass information about their customers to one another when transferring funds between firms.
John Kiff

Why closed-loop systems like Libra won't change the world - 0 views

ftalphaville.ft.com/...-Libra-won-t-change-the-world-

Fintech CryptoAssets AltCoins Stablecoins Facebook

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    SWIFT: "We don't think that cross-border payments challenges should be solved for with closed loop systems. Doing so would easily solve for a subset - or multiple subsets - of participants, but value needs to move everywhere - from every account, to every account. Loops create barriers and friction; they reduce fungibility and portability, they limit competition and they fragment liquidity."
John Kiff

What Libra IS & What It IS NOT - 0 views

tabbforum.com/...what-libra-is-what-it-is-not

Fintech CryptoAssets AltCoins Stablecoins Facebook Regulation

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    In many respects, he says, Libra is like an ETF for a basket of currencies, except that Libra will not trade on regulated exchanges. In fact, it is so much like an ETF, the US SEC is likely to at least contemplate asserting jurisdiction over the tokens.
John Kiff

Facebook's Crypto Libra Won't Be Legalized in Russia: State Press - 0 views

www.ccn.com/...21

Fintech CryptoAssets AltCoins Stablecoins Facebook

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    Russian government-owned news agency TASS has reported that Russia will not legalize Libra.
John Kiff

Facebook co-founder: Libra coin would shift power into the wrong hands - 0 views

www.ft.com/...20-91a0-11e9-8ff4-699df1c62544

Fintech CryptoAssets AltCoins Stablecoins Facebook

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    "A liquid, stable currency would be attractive to many in emerging markets. So attractive, in fact, that if enough people trade out of their local currencies, they could threaten the ability of emerging market governments to control their monetary supply, the local means of exchange, and, in some cases, their ability to impose capital controls."
John Kiff

France creates G7 cryptocurrency task force as Facebook's Libra unsettles governments - 0 views

www.reuters.com/...s-central-banker-idUSKCN1TM0SO

Fintech CryptoAssets AltCoins Stablecoins Facebook

shared by John Kiff on 21 Jun 19 - Cached
  • John Kiff on 21 Jun 19
     
    France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook's Libra are governed by regulations. Governor Francois Villeroy de Galhau said the task force would be led by Benoit Coeure, a ECB board member.
John Kiff

Launching a Global Currency Is a Bold, Bad Move for Facebook - 0 views

www.nytimes.com/...facebook-currency-libra.html

CryptoAssets AltCoins Facebook Stablecoins Fintech

shared by John Kiff on 21 Jun 19 - No Cached
  • John Kiff on 21 Jun 19
     
    What happens if all users want to sell their Libra currency at once, causing the Libra Reserve to hold a fire sale of assets? If the Libra system becomes intertwined in our global economy in the way Facebook hopes, we would need to consider a public bailout of a privately managed system.
John Kiff

What Facebook's new currency means for the banking system - 0 views

www.economist.com/...y-means-for-the-banking-system

CryptoAssets Fintech AltCoins Facebook Stablecoins

shared by John Kiff on 21 Jun 19 - No Cached
  • John Kiff on 21 Jun 19
     
    Individual Libra-holders face risks. One is currency fluctuations. If, say, the yen rises against the basket to which Libra is pegged, Japanese holders of Libra will lose out. The new currency will not yield interest (though neither do many bank deposits nowadays).
John Kiff

Facebook wants to create a global currency - 0 views

www.economist.com/...ts-to-create-a-global-currency

AltCoins CryptoAssets Fintech Facebook Stablecoins

shared by John Kiff on 21 Jun 19 - No Cached
  • John Kiff on 21 Jun 19
     
    Were every Western depositor to move a tenth of their bank savings into Libras, its reserve fund would be worth over $2trn, making it a big force in bond markets. Banks that suddenly saw lots of deposits leave for Libras would be vulnerable to a panic over their solvency; they would also have to shrink their lending. And the prospect of huge sums flowing across borders will worry emerging countries with a fragile balance of payments
John Kiff

Global Policy Makers Are Up in Arms About Facebook's Libra Coin - 0 views

www.ccn.com/...18

Fintech Facebook AltCoins CryptoAssets Stablecoins

shared by John Kiff on 21 Jun 19 - No Cached
  • John Kiff on 21 Jun 19
     
    "What are they doing with the money, if I give them some dollars to buy the Libra, they're kinda being fuzzy about that in their whitepaper…The strength of the collateral is a question I would have about it."
John Kiff

Paysend Launches Pays XDR - the Stable Coin - 0 views

thefintechtimes.com/paysend-launches-pays-xdr

Fintech CryptoAssets AltCoins Stablecoins

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    UK-based Paysend Group is launching a new global digital currency, Pays XDR. This stable coin is 100% backed by cash reserves and the reserves are matched in the exact proportion of the IMF's Special Drawing Rights.
John Kiff

Eight ways FinTech adoption remains on the rise - 0 views

www.ey.com/...h-adoption-remains-on-the-rise

Fintech

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    This year, in the EY third biennial FinTech adoption trends survey, 96% of the 27,000 consumers surveyed (across 27 global markets) reported they were at least aware of a FinTech transfer or payments service - and 75% had used one.
John Kiff

Facebook Has Not Applied for RBI Approval to Operate Libra in India: Report - 0 views

cointelegraph.com/...-operate-libra-in-india-report

Fintech CryptoAssets AltCoins Stablecoins Facebook

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    Facebook's Libra may not be available in India due to the current ban of blockchain-based currency transactions. Apparently, Facebook has not applied for approval with the Reserve Bank of India to operate its digital currency in the country.
John Kiff

Enable, empower, ensure: a new finance for the new economy - speech by Mark Carney - 0 views

www.bankofengland.co.uk/...e-bankers-and-merchants-dinner

Fintech PaymentSystems Facebook

shared by John Kiff on 20 Jun 19 - No Cached
  • John Kiff on 20 Jun 19
     
    The Bank of England announced plans to consult on opening access to its balance sheet to new payment providers. Allowing all payment providers to store funds overnight in interest-bearing accounts at the central bank would help achieve the goal that similar activities should be regulated consistently.
John Kiff

A Chinese-style payment network to challenge Visa and Mastercard is taking shape in Europe - 0 views

finance.yahoo.com/...twork-challenge-103921593.html

Fintech MobileMoney

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    A new initiative plans to make six of Europe's smartphone wallets interoperable with each other, creating a total network of 5 million users in 10 European countries. Notably, they are working with Chinese fintech giant Alipay to develop a unified QR code.
John Kiff

Coinbase expands its cryptocurrency debit card to Europe - 0 views

www.cnbc.com/...ency-debit-card-to-europe.html

Fintech CryptoAssets PaymentSystems

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    The Coinbase Card will be available in Spain, Germany, France, Italy, Ireland and the Netherlands. The card allows users with Coinbase accounts to spend cryptocurrencies in stores and online at any merchant that accepts Visa.
John Kiff

QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds - 0 views

www.coindesk.com/e-accounts-with-customer-funds

Fintech CryptoAssets CyberRisk

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    QuadrigaCX's Gerald Cotten, who *apparently* died last December, transferred millions of dollars in crypto out of customer accounts and into other exchanges, with the funds being used to furnish his personal lifestyle and trading habits.
John Kiff

Crypto Exchanges Are Facing Biggest Regulatory Hurdle Yet - 0 views

www.bloomberg.com/...-biggest-regulatory-hurdle-yet

Fintech CryptoAssets AMLCFT Regulation

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    On June 21, the Financial Action Task Force will publish a note to clarify how participating nations should oversee virtual assets. The new rules will apply to businesses working with tokens and cryptocurrencies, such as exchanges and custodians and crypto hedge funds.
« First ‹ Previous 8501 - 8520 of 9149 Next › Last »
Showing 20▼ items per page