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The Riksbank is procuring suppliers to develop proposals for an e-krona

The Riksbank has started the work of developing solutions for a possible future e-krona and is procuring a supplier for support in this work. The intention is for the Riksbank, in collaboration with the supplier, to work out proposals for how an e-krona could work.

#CBDC #CryptoAssets #Fintech #DFC

·riksbank.se·Jun 3, 2019

The Riksbank is procuring suppliers to develop proposals for an e-krona

Breaking down the most funded stablecoin projects as of May 2019

2019 looks to be the year of the stablecoin. Since the beginning of 2017, 122 stablecoin projects have been announced but are still in development. We took a look at the projects with a stablecoin that have received the most outside funding.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·medium.com·Jun 3, 2019

Breaking down the most funded stablecoin projects as of May 2019

Utility Settlement Coin Completes £50m Funding Round

The founding shareholders of Fnality comprise: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds Banking Group, MUFG Bank, Nasdaq, Sumitomo Mitsui Banking Corporation, State Street Corporation, and UBS. Clearmatics continues in its role as the technology partner to Fnality.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·marketsmedia.com·Jun 3, 2019

Utility Settlement Coin Completes £50m Funding Round

Top banks push ahead with digital coins for 2020

Thirteen of the world’s biggest banks are preparing to launch digital versions of major global currencies in 2020 after years of research convinced them that the technology underpinning cryptocurrencies could be used to make trading less risky and cheaper.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·ft.com·Jun 3, 2019

Top banks push ahead with digital coins for 2020

Major Utility Settlement Coin Project Raises $63 Mln for Commercial Realization

The Utility Settlement Coin (USC) project — led by some of the world’s largest banks — has announced the creation of a new firm (Fnality International) and closure of an accompanying £50 million Series A financing round.

#Stablecoins #AltCoins #Fintech #CBDC #CryptoAssets #Blockchain #DFC

·cointelegraph.com·Jun 3, 2019

Major Utility Settlement Coin Project Raises $63 Mln for Commercial Realization

Facebook in talks with US regulator over digital currency

Facebook has begun talks with the top US derivatives regulator over its plans for a digital currency, in a sign of how the world’s largest social media platform is laying the groundwork for an ambitious push in to payments.

#CryptoAssets #Fintech #AltCoins #Facebook #Stablecoins #Libra #DFC

·ft.com·Jun 2, 2019

Facebook in talks with US regulator over digital currency

Prometheus and Epimetheus in the Digital Age | German Bundesbank

The President of Germany’s central bank, Jens Weidmann, has warned that implementing central bank digital currencies (CBDCs) could lead to the destabilization of global financial systems, especially during times of fiscal crisis.

#Fintech #CryptoAssets #AltCoins #CBDC #DFC

·bundesbank.de·Jun 2, 2019

Prometheus and Epimetheus in the Digital Age | German Bundesbank

Local startups to be at forefront of utilizing the Bahamas new central bank digital currency

The CEO of NZIA, the tech firm behind the Central Bank of the Bahamas Project Sand Dollar, has said the key to making it a reality is by engaging with local banks, SMEs and entrepreneurs to create new products and solutions around the new digital currency.

#Fintech #CryptoAssets #AltCoins #CBDC #DFC

·thenassauguardian.com·Jun 1, 2019

Local startups to be at forefront of utilizing the Bahamas new central bank digital currency

The Potential Decline of Cash Usage and Related Implications

The Congressional Research Service examined the decline in cash usage in the United States and the potential rise of alternative payment systems, including bitcoin or other digital assets, in the purchase of goods and services.

#Fintech #CryptoAssets #CBDC #PaymentSystems #DFC

·crsreports.congress.gov·May 31, 2019

The Potential Decline of Cash Usage and Related Implications

Central Bank Digital Currency and Banking

This Bank of Canada paper shows that when banks have no market power, issuing a deposit-like CBDC would would shift deposits away from the banking system, reducing bank lending. Otherwise, issuing a deposit-like CBDC with a proper interest rate would encourage banks to pay higher interest or offer better services to keep their customers, attracting more deposits and extending more loans. In fact, the CBDC would serve as an outside option for households, thus limiting banks’ market power, and improve the efficiency of bank intermediation.

#Fintech #CryptoAssets #AltCoins #CBDC #DFC

·bankofcanada.ca·May 30, 2019

Central Bank Digital Currency and Banking

Maker Price Analysis - Active addresses and volume at record highs as Dai circulating supply decreases

On-chain metrics suggest increasing use of the stable coin despite a decreasing circulating supply.

#Stablecoins #Fintech #MakerDAI #AltCoins #CryptoAssets #MakerDAO #DFC

·bravenewcoin.com·May 30, 2019

Maker Price Analysis - Active addresses and volume at record highs as Dai circulating supply decreases

Central Bank of the Bahamas to sign contract for digital currency system

The Central Bank of The Bahamas will enter into an official agreement with the executives of NZIA Ltd. for the design and implementation of Project Sand Dollar on May 30.

#Fintech #CryptoAssets #AltCoins #CBDC #DFC

·thenassauguardian.com·May 29, 2019

Central Bank of the Bahamas to sign contract for digital currency system

Bundesbank sees dangers in digital central bank money

Bundesbank President Jens Weidmann warned that widespread use of CBDC could have serious consequences. He said easy access to digital money could exacerbate bank runs in times of crises, leading to a faster collapse of lenders, and that even in good times it would fundamentally change the business model of banks.

#Fintech #CryptoAssets #AltCoins #CBDC #DFC

·reuters.com·May 29, 2019

Bundesbank sees dangers in digital central bank money

Monetary Stabilization in Cryptocurrencies - Design Approaches and Open Questions

This paper systematically explores and analyzes the stablecoin landscape, based on a survey of 24 specific stablecoin projects, extracting general concepts and approaches to build a comprehensive taxonomy of crypto-asset stabilization.

#CryptoAssets #Stablecoins #AltCoins #Fintech #DFC

·arxiv.org·May 29, 2019

Monetary Stabilization in Cryptocurrencies - Design Approaches and Open Questions

MakerDAO Finally Approves DAI Fee Decrease After 11-Day Deliberation

After nearly two weeks of continuous voting, MakerDAO token holders have officially activated a decrease to DAI stablecoin fees. DAI is an ethereum-based token which presently maintains a soft peg to the U.S. dollar.

#AltCoins #Stablecoins #CryptoAssets #Fintech #DFC

·coindesk.com·May 29, 2019

MakerDAO Finally Approves DAI Fee Decrease After 11-Day Deliberation

Turns out, you can make money on horse manure, and tethers are worth just that

In its terms of service, Tether says it “reserves the right to delay redemption or withdrawal” of tether in the event of illiquidity. The company also says that it reserves the right to pay you “in-kind redemption of securities and other assets” held in its reserves.

#Fintech #CryptoAssets #AltCoins #Stablecoins #Tether #DFC

·amycastor.com·May 26, 2019

Turns out, you can make money on horse manure, and tethers are worth just that

Facebook held talks with Winklevoss twins over new currency

To make sure that its new currency, a digital coin linked to the value of the dollar, is liquid and tradeable, Facebook has talked to Jump and DRW, Chicago’s biggest high-frequency trading firms about making a market, according to two people familiar with the talks.

#Stablecoins #Fintech #CryptoAssets #AltCoins #DFC

·ft.com·May 24, 2019

Facebook held talks with Winklevoss twins over new currency

BitPay, and Hence AT&T, Supports Five Cryptocurrencies

BitPay supports settlement in 12 currencies and direct bank deposit in 37 countries. Cryptocurrency settlements are supported in over 200 countries. Cryptocurrency - Bitcoin (BTC), Bitcoin Cash (BCH), Gemini Dollars (GUSD), Paxos (PAX), and Circle USD Coin (USDC)

#Stablecoins #Fintech #CryptoAssets #AltCoins #DFC

·support.bitpay.com·May 24, 2019

BitPay, and Hence AT&T, Supports Five Cryptocurrencies

Anchor Cryptocurrency | A Safe Harbor for Your Holdings

Anchor is a stablecoin designed to preserve and enhance the value of your holdings. Anchor is pegged to the growth of the global economy, protected by a safety net comprised of six pillars.

#CryptoAssets #AltCoins #Stablecoins #DFC

·theanchor.io·May 24, 2019

Anchor Cryptocurrency | A Safe Harbor for Your Holdings

Facebook plans to launch crypto-currency by Q1 2020

Facebook plans to test its GlobalCoin crypto-currency and digital payments system by the end of 2019 and launch in about a dozen countries by Q1 2020. Facebook is expected to outline plans in more detail this summer, and has already spoken to Bank of England governor Mark Carney and US Treasury officials about operational and regulatory issues. The firm is also in talks with money transfer firms including Western Union.

#CryptoAssets #Stablecoins #Fintech #AltCoins #DFC

·bbc.com·May 24, 2019

Facebook plans to launch crypto-currency by Q1 2020

Bank of Russia may consider gold-backed cryptocurrency

The Bank of Russia will review a proposal to create a gold-backed cryptocurrency, which could be used for mutual settlements with other countries, Governor of the Bank of Russia Elvira Nabiullina said on May 23.

More: http://tass.com/economy/1059727"

#Fintech #CryptoAssets #Tokenization #Stablecoins #CBDC #DFC

·tass.com·May 23, 2019

Bank of Russia may consider gold-backed cryptocurrency

Coinbase Now Lets Merchants Accept Payments in USDC Stablecoin

Coinbase Commerce, the crypto exchange’s zero transaction fee merchants payments offering, has added support USD Coin. Merchants can accept It without geographical limitations or the need for a traditional bank account.

#Fintech #CryptoAssets #Stablecoins #CrossBorder #AltCoins #DFC

·coindesk.com·May 22, 2019

Coinbase Now Lets Merchants Accept Payments in USDC Stablecoin

Outstanding Stablecoins, Spot Trading Volumes Hit Record

Stablecoins have hit an all-time high with over $4B USD-pegged tokens now on the blockchain. While Tether dominance remains, new stablecoins that came to market recently have made leapfrogs of progress.

#Fintech #CryptoAssets #Bitcoin #AltCoins #Stablecoins #DFC

·diar.co·May 22, 2019

Outstanding Stablecoins, Spot Trading Volumes Hit Record

Binance Research Report on the Evolution of Stablecoins

How are fiat-backed stablecoins adapting their strategies to remain competitive?

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·info.binance.com·May 21, 2019

Binance Research Report on the Evolution of Stablecoins

Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions

Crypto startup Circle has laid off roughly 30 people, or about 10% of its staff. The company – which owns the USDC stablecoin in partnership with Coinbase – is looking to cut costs.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·coindesk.com·May 21, 2019

Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions

Tether admits in court to investing some of its reserves in bitcoin

In a court transcript Tether admits that it invested some of its reserves in bitcoin. David Miller, an attorney for Bitfinex said: “Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin.”

#Fintech #CryptoAssets #AltCoins #Bitcoin #Tether #Stablecoins #DFC

·theblockcrypto.com·May 21, 2019

Tether admits in court to investing some of its reserves in bitcoin

Chinese Central Bank-Led Fintech Research Institute Seeks New Blockchain Talent

One of the PBOC's fintech research institutes has posted three new job openings for blockchain talent on the Chinese recruitment website Lagou.com.

#Fintech #Blockchain #CBDC #DFC

·cointelegraph.com·May 21, 2019

Chinese Central Bank-Led Fintech Research Institute Seeks New Blockchain Talent

Abu Dhabi Global Market Enhances Guidance on Crypto-Asset Activity Regulation

The Financial Services Regulatory Authority of Abu Dhabi Global Market enhanced its Guidance for the Regulation of Crypto Asset Activities, including updates on stablecoins, crypto-asset custody, technology governance, and AML/CFT standards compliance.

#Fintech #CryptoAssets #Stablecoins #Regulation #Custody #AMLCFT #DFC

·adgm.com·May 21, 2019

Abu Dhabi Global Market Enhances Guidance on Crypto-Asset Activity Regulation

Making Change: Cash is Not Quite Out of the US Picture Yet

More and more people are ditching cash in favor of cards and digital payments, but that doesn’t mean cash it out of the picture, according to a new report from financial tech company Square.

#Fintech #Cash #CBDC #DFC

·squareup.com·May 21, 2019

Making Change: Cash is Not Quite Out of the US Picture Yet

Publication Detail - South African Reserve Bank

South Africa is looking at creating its very own cryptocurrency, backed on the rand, with talks underway by the South African Reserve Bank (SARB).

#Fintech #CryptoAssets #CBDC #DFC

·resbank.co.za·May 21, 2019

Publication Detail - South African Reserve Bank