DFC

5280 bookmarks
Newest
Blockchain Makes Inroads Into the Stock Market’s $1 Trillion Plumbing System
Blockchain Makes Inroads Into the Stock Market’s $1 Trillion Plumbing System
"The SEC has put significant limits on Paxos’s experiment. Only about 140 of the most actively traded, least volatile stocks, like Exxon Mobil Corp. and Bank of America Corp. , are eligible for the project. The number of trades Paxos can settle will also be capped at 1% of average daily trading volume of those stocks, according to the SEC’s letter."
#Fintech#Blockchain#SettlementSystems#Stablecoins#DFC
·wsj.com·
Blockchain Makes Inroads Into the Stock Market’s $1 Trillion Plumbing System
Bitfinex - Tether Response to Flawed Paper by Griffin and Shams
Bitfinex - Tether Response to Flawed Paper by Griffin and Shams
To obtain publication, Griffin and Shams have released a weakened yet equally flawed version of their prior article. The revised paper is a watered-down and embarrassing walk-back of its predecessor that still suffers from the same methodological defects, coupled with the clumsy assertion that one lone whale may be responsible for the rise of bitcoin in 2017.
#Tether#Stablecoins#Bitfinex#Fintech#CryptoAssets#DFC
·bitfinex.com·
Bitfinex - Tether Response to Flawed Paper by Griffin and Shams
Facebook Libra is Architecturally Unsound
Facebook Libra is Architecturally Unsound
What is laid bare for the world to see is an architecturally schizophrenic code artifact claiming to be a new reliable platform for global payment infrastructure. Yet the actual implementation diverges from this goal in bizarre ways when one actually dives into the codebase. I’m sure there is an interesting story about the internal corporate politics of this project and as such I thought it apt to do some diligence on what I see as a truly strange set of architectural choices that break the entire system and put consumers at risk.
#CryptoAssets#Stablecoins#Facebook#Fintech#Libra#DFC
·stephendiehl.com·
Facebook Libra is Architecturally Unsound
The impact of Tether grants on Bitcoin
The impact of Tether grants on Bitcoin
“Our findings show that tether grants were potentially timed to follow bitcoin downturns and subsequent bitcoin/tether trading volumes increased … However, the impact of tether grants on bitcoin returns were not statistically significant, and therefore tether issuances cannot be an effective tool for moving bitcoin prices.”
#Tether#Bitfinex#Fintech#Stablecoins#CryptoAssets#DFC
·sciencedirect.com·
The impact of Tether grants on Bitcoin
Did the Bitcoin Bubble Come from One Bitfinex Tether Trader?
Did the Bitcoin Bubble Come from One Bitfinex Tether Trader?
Perhaps the takeaway is that when banks refuse to do business with crypto traders, or when a government bans trading altogether, it doesn’t stop traders from trading. It just forces them to find creative solutions. If it were easy for crypto exchanges to use the traditional banking system, there would be no need for Tether at all.
#CryptoAssets#Tether#Stablecoins#Fintech#Bitfinex#DFC
·bloomberg.com·
Did the Bitcoin Bubble Come from One Bitfinex Tether Trader?
Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says
Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says
One entity on the cryptocurrency exchange Bitfinex appears capable of sending the price of Bitcoin higher when it falls below certain thresholds, according to University of Texas Professor John Griffin and Ohio State University’s Amin Shams. Griffin and Shams, who have updated a paper they first published in 2018, say the transactions rely on Tether, a widely used digital token that is meant to hold its value at $1.
#Bitfinex#Fintech#Tether#Stablecoins#CryptoAssets#DFC
·bloomberg.com·
Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says
Victim or Accomplice? Bitfinex's Role in Crypto Capital Saga
Victim or Accomplice? Bitfinex's Role in Crypto Capital Saga
Bitfinex could very well be the victim and there could be many others, although not enough information is available yet to certainly say if they were indeed victims or not, but it would seem highly likely. At the same time, it’s interesting that this is only coming to light now and did not make more noise when it actually occurred or rather noticed. You would think with such a large amount of money someone would raise the alarm much sooner.
#Fintech#Stablecoins#CryptoAssets#Tether#Bitfinex#DFC
·financemagnates.com·
Victim or Accomplice? Bitfinex's Role in Crypto Capital Saga
Retail CBDCs: The next payments frontier
Retail CBDCs: The next payments frontier
A number of central banks around the world are seriously considering issuing retail central bank digital currency, with one likely to arrive in the next five years. That is the key finding from a report from IBM and OMFIF, a central banking think tank.
#Fintech#CryptoAssets#CBDC#DFC
·omfif.org·
Retail CBDCs: The next payments frontier
Libra threat has central banks eyeing faster payments
Libra threat has central banks eyeing faster payments
"The main gap, or next frontier in terms of central banking activities would be to find efficient ways to connect our fast payment systems so that they can be used by citizens to transfer remittances to send money back home, to send money across borders, so that cryptocurrencies would be less needed in the first place."
#Fintech#CryptoAssets#Stablecoins#PaymentSystems#FastPayments#DFC
·ftalphaville.ft.com·
Libra threat has central banks eyeing faster payments
The Bahamas Sand Dollar Set to Be Released Before the End of 2019
The Bahamas Sand Dollar Set to Be Released Before the End of 2019
The Central Bank [of the Bahamas] is exploring an early entry of Project Sand Dollar into Abaco. It will allow the Bank to test aspects of the emergency wireless communications features that would enable rapid financial services recovery; and to connect with many retail businesses early in their recovery process. The Sand Dollar infrastructure is being designed to connect with bank accounts, so that remote access to these facilities is also quickly re-enabled for deposits and withdrawals.
#Fintech#CryptoAssets#CBDC#DFC
·centralbankbahamas.com·
The Bahamas Sand Dollar Set to Be Released Before the End of 2019
Can Libra and Other Crypto Find a Ground to Navigate Regulation?
Can Libra and Other Crypto Find a Ground to Navigate Regulation?
The regulatory control that most governments seek is generally related to money laundering and illegal activity. While cryptocurrency creators have no desire to foster such practices, many nevertheless hope to move away from the sorts of regulatory controls that are seen as centralized, less cost-efficient and often domineering.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·cointelegraph.com·
Can Libra and Other Crypto Find a Ground to Navigate Regulation?
The Claim That Facebook’s Libra Is A Cryptocurrency Is False Advertising
The Claim That Facebook’s Libra Is A Cryptocurrency Is False Advertising
Big corporations and regulators don’t like the unsupervised free-for-all of Bitcoin. They like to control things. And that’s exactly why Bitcoin was invented – to escape the control of a central authority but still have a system that works. It’s a brilliant concept, and Bitcoin’s success shows that it works.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·forbes.com·
The Claim That Facebook’s Libra Is A Cryptocurrency Is False Advertising
Moneyness: A free market case for CBDC?
Moneyness: A free market case for CBDC?
"Let governments issue CBDC and compete for the attention of the fixed-price floating-rate investor, just like they already compete for the attention of the 30-year bond investor. This would remove an inefficient distortion, namely a subsidy to banks and a penalty on non-banks."
#Fintech#CryptoAssets#CBDC#DFC
·jpkoning.blogspot.com·
Moneyness: A free market case for CBDC?
Bitfinex Denies Laundering, Says It's a Victim of 'Fraud' by Crypto Capital
Bitfinex Denies Laundering, Says It's a Victim of 'Fraud' by Crypto Capital
Bitfinex claimed Friday that it was the “victim of a fraud” at the hands of Crypto Capital, a payment processor that allegedly lost $880 million of Bitfinex’s money. Crypto Capital’s president, Ivan Manuel Molina Lee, was arrested Thursday by Polish police on charges of money laundering.
#Fintech#CryptoAssets#Stablecoins#Tether#Bitfinex#DFC
·coindesk.com·
Bitfinex Denies Laundering, Says It's a Victim of 'Fraud' by Crypto Capital
Is Libra really the world’s most ambitious international settlement system?
Is Libra really the world’s most ambitious international settlement system?
"It’s an extract from one of his books written in 1930 about the origins of The Bank for International Settlements, the so-called central bankers’ bank set up in the same year to manage reparations payments in the aftermath of World War One. You know what they say about what’s under the sun..."
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·ftalphaville.ft.com·
Is Libra really the world’s most ambitious international settlement system?