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Fintech Daily 04/29/2019

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Central Banks Like Blockchain But Aren’t Decentralizing The only takers to date for blockchain-based CBDC are minuscule island nations. This may indicate there is a case to be made for adopting a distributed ledger format in certain geographies. Or it may mean the product is dead on arrival. tags: Fintech CryptoAssets CBDC DeFi Upstart Dharma […]

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Fintech Daily 04/28/2019

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Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing […]

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Fintech Daily 04/27/2019

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Ontology to Launch Regulated USD Stablecoin PAX on Ontology Ontology will launch Paxos Standard (PAX), a regulated USD stablecoin, on the Ontology blockchain, in May. tags: CryptoAssets Fintech Stablecoins AltCoins Banks Can’t Snub Crypto Startups Thanks to France’s New Blockchain Law France’s new crypto law grants blockchain-related projects the right to a bank account, provided […]

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Fintech Daily 04/26/2019

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Bitfinex Will Vigorously Challenge $850M Lost Tether ‘False Assertions’ Following the NY AG’s accusations of a $850M cover-up, Bitfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost. tags: Fintech AltCoins Stablecoins CryptoAssets Tether Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege “The New York Attorney […]

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Fintech Daily 04/25/2019

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Startup Arca Seeks SEC Approval for US Treasury Bond-Backed Stablecoin Arca Investment Management is seeking US SEC approval for a US Treasury securities fund whose shares would be tokenized on the ethereum blockchain. tags: Tokenization Fintech CryptoAssets Ethereum XRP is the Worst-Performing Major Crypto of 2019 Ripple’s XRP is having a disastrous start to 2019. […]

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Fintech Daily 04/24/2019

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Report: Samsung Planning New Blockchain Mainnet Featuring Samsung Coin Samsung may be developing a public-private blockchain based on Ethereum (ETH) along with a new asset dubbed Samsung Coin. tags: Fintech CryptoAssets Blockchain French Lender Societe Generale Issues $112 Million Bond on Ethereum – CoinDesk Societe Generale issued EUR100 million of covered bonds in the form […]

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Fintech Daily 04/23/2019

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Can IBM’s World Wire Be The Answer To Cryptocurrency Payments? The cross-border payment applications of Ripple, JPM Coin, and World Wire aim mainly at financial and enterprise institutions. None are designed for the other side of the market. tags: Fintech CryptoAssets Blockchain Ripple Motivations and prospects for central bank digital currency So far, most central […]

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Fintech Daily 04/22/2019

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Why Goldman Sachs raised $22M for no code tech firm Unqork Unqork is a platform that allows users to drag and drop prebuilt modules into a useful workflow to quickly create financial services applications without the need for developers to create any code, to radically accelerate client acquisition and onboarding. tags: Fintech E-Commerce Giant Rakuten […]

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No Brexit today – but several updates

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Today was to be the day on which Brexit finally occurred. However, the switch is delayed to the 12th April, 22nd May, or perhaps some other date. The politics around the process continue to evolve (for example see here on the BBC News web site). In the meantime there has been some relevant activity to … Continue reading

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MiFID II updates, CFTC position limits

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While there is not much news relating to MiFID II specifically for those in energy and commodities, the wider financial services world has seen a great deal of discussion and activity since the first anniversary of the rules took place (see here). Any Investment Firm (which includes some energy and commodity market participants) needs to … Continue reading

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