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Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Circle has published the latest third-party (Grant Thornton) audit of its USD-pegged stablecoin, USD Coin. It states that as of end-April there were 293,184,174 USDC issued and $293,351,374 in the firm’s reserves.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·cointelegraph.com·May 19, 2019

Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Bitfinex has reportedly raised $1B worth of US dollars, Bitcoin and Tether with its UNUS SED LEO exchange utility token offering. LEO lies “at the heart of the [Bitfinex parent] iFinex ecosystem" and will be useable for a variety of exchange-based activities.

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

·cointelegraph.com·May 18, 2019

Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Facebook forms Swiss fintech firm with payments focus

Facebook has set up a new Fintech company, Libra Holdings, in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva’s commercial register shows.

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

·reuters.com·May 17, 2019

Facebook forms Swiss fintech firm with payments focus

Banks to invest around $50 million in digital cash settlement project

Several of the world’s largest banks are investing around $50M in Fnality to create a blockchain-based digital cash system to settle financial transactions. It may be an offshoot of the UBS and Clearmatics "utility settlement coin" project.

#Fintech #Blockchain #Stablecoins #DFC

·in.reuters.com·May 17, 2019

Banks to invest around $50 million in digital cash settlement project

Digital Renminbi: A Fiat Coin to Make M0 Great Again

Contrary to what many think, China does not oppose blockchain technology. Rather, it takes issue with bitcoin and other privately issued cryptocurrencies, which it fears may facilitate financial fraud and capital flight. The PBOC has in fact had an initiative for issuing a blockchain-based digital renminbi since 2014. The project has already generated 71 patents and has initiated a trial operation for an interbank digital check and billing platform.

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

·coindesk.com·May 17, 2019

Digital Renminbi: A Fiat Coin to Make M0 Great Again

Another Gold Backed Token Launches

A new digital token backed by $300 million worth of gold guaranteed by the Chinese Gold and Silver Exchange has just been released in Hong Kong.

#Tokenization #Stablecoins #CryptoAssets #AltCoins #Fintech #DFC

·finteknews.com·May 17, 2019

Another Gold Backed Token Launches

MakerDAO Votes to Decrease Stablecoin Fees for First Time in 5 Months

For the first time in five months, MakerDAO token holders have voted to decrease fees on all DAI loans. DAI is a dollar-pegged stablecoin operating on the ethereum blockchain backed by nearly 2 million ether tokens.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DAO #DAI #DFC

·coindesk.com·May 16, 2019

MakerDAO Votes to Decrease Stablecoin Fees for First Time in 5 Months

Stablecoins, Central Bank Digital Currencies, and Cross-Border Payments

E-money adoption may be extremely rapid, but that it may raise significant risks. Policies to counter these risks yield a synthetic version of central bank digital currency with various advantages relative to the full-service version.

#Fintech #CryptoAssets #Stablecoins #CBDC #DFC

·imf.org·May 16, 2019

Stablecoins, Central Bank Digital Currencies, and Cross-Border Payments

Neutral Dollar is Now Live

Neutral Dollar is a metastable basket of stablecoins. The result is a digital dollar designed to have lower volatility than individual stablecoins by combining fragmented pools of liquidity.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·neutralproject.com·May 16, 2019

Neutral Dollar is Now Live

Venezuela’s Failed Cryptocurrency Is the Future of Money

Perhaps the chaos in Venezuela will be remembered for fusing—if only in theory—the technological and financial ideas that could someday allow us to link volatile resource prices with risky development to promote the economy’s general welfare.

#Fintech #CBDC #Sovereign #Tokenization #CryptoAssets #Venezuela #DFC

·bloomberg.com·May 15, 2019

Venezuela’s Failed Cryptocurrency Is the Future of Money

Stablecoins by central banks: benefits for regulators, users, economy

For this article, we asked two questions. One question was about the benefits for a central bank from issuing a stablecoin and another was about the benefits for users and the economy from a stablecoin issued by a central bank.

#Fintech #CBDC #CryptoAssets #DFC

·blog.cindicator.com·May 15, 2019

Stablecoins by central banks: benefits for regulators, users, economy

Facebook’s top-secret blockchain project is moving forward. What is Project Libra?

Facebook is working on a blockchain-based payment solution code-named Project Libra. What are the implications for FacebookCoin, the Facebook ecosystem, and the wider blockchain space?

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

·bravenewcoin.com·May 14, 2019

Facebook’s top-secret blockchain project is moving forward. What is Project Libra?

The Winklevoss twins want to take cryptocurrency mainstream

Gemini is joining forces with Flexa, a platform that enables shoppers to spend bitcoin, ether, Bitcoin Cash, and Gemini dollars at major retailers across the U.S.

#Stablecoins #CryptoAssets #Fintech #DFC

·fastcompany.com·May 13, 2019

The Winklevoss twins want to take cryptocurrency mainstream

Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD

The company behind the Paxos Standard (PAX) stablecoin announced that its users can now instantaneously redeem unlimited amounts of its tokens for United States dollars.

#Fintech #Stablecoins #AltCoins #CryptoAssets #DFC

·cointelegraph.com·May 13, 2019

Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD

Maker DAI Economics, Part II: Is DAI Dead?

Is the Maker DAI experiment over? Have MKR holders been underwater from the beginning, and increasing stability fees is their attempt to resuscitate their investment with the side effect of killing the patient?

#AltCoins #CryptoAssets #Stablecoins #DAO #Fintech #DAI #DFC

·medium.com·May 13, 2019

Maker DAI Economics, Part II: Is DAI Dead?

Stablecoins Have No Need for Public Blockchains

Is issuing fiat-backed stablecoins on public blockchains the best approach? Is a public, permissionless blockchain actually necessary? Let’s take a closer look at what stablecoins supposedly gain from the use of public blockchains and whether there may be more practical options available to issuers.

#Fintech #AltCoins #Blockchain #Sidechains #Stablecoins #DFC

·longhash.com·May 11, 2019

Stablecoins Have No Need for Public Blockchains

Thailand develops prototype for blockchain-based CBDC

The Bank of Thailand and its private-sector partners have developed their first prototype for a blockchain-based system to enable digital currency for interbank settlements between the BoT and eight commercial banks. https://www.bot.or.th/content/dam/bot/documents/en/news-and-media/news-pdf/2019/n0562e.pdf

#Fintech #Blockchain #CBDC #DFC

·centralbanking.com·May 10, 2019

Thailand develops prototype for blockchain-based CBDC

US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

The U.S. Senate Banking Committee wrote an open letter to Facebook CEO Mark Zuckerberg, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy.

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

·banking.senate.gov·May 10, 2019

US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

MakerDAO Is Leaving Crypto Borrowers With Rising Bills

MakerDAO emerged as a clear market leader in part for its rock-bottom interest rates of 0.5 percent, which are a technological necessity for keeping its DAI stablecoin worth $1. With interest rates rising to 19.5 percent, some early borrowers are angry.

#Fintech #AltCoins #Stablecoins #CryptoAssets #DAO #DAI #DFC

·coindesk.com·May 10, 2019

MakerDAO Is Leaving Crypto Borrowers With Rising Bills

Iocash B2B e-money platform

IoCash is a B2B platform that enables companies and their users to work with fiat money on blockchain. Using the ethereum blockchain capabilities, and plugging into the traditional monetary system, we are making it possible for the real world to work with this amazing technology and its capabilities. Our clients can define and implement businesses and money based rules natively.

#Blockchain #CBDC #E-Money #DFC

·io.cash·May 9, 2019

Iocash B2B e-money platform

JPMorgan Has Quietly Rebooted the Blockchain Tech Behind Its JPM Coin

The JPM Coin team replaced Constellation, Quorum’s privacy layer written in the Haskell computer language, with Tessera, which has a similar design, but is built in Java to make it easier for businesses to use and deploy.

#CryptoAssets #Blockchain #JPMCoin #AltCoins #Stablecoins #Fintech #DFC

·coindesk.com·May 9, 2019

JPMorgan Has Quietly Rebooted the Blockchain Tech Behind Its JPM Coin

The Not-So-Fun Adventures of Tether & Bitfinex – Wave Financial

Decentralized algorithmic stablecoins (eg DAI) do not contain any of the risks outlined in this summary of the Tether situation. While they do contain a host of other risks, those that value transparency migrate may migrate to DAI.

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

·medium.com·May 8, 2019

The Not-So-Fun Adventures of Tether & Bitfinex – Wave Financial

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

Bitfinex has released the official white paper for its $1B exchange token sale, said it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·coindesk.com·May 8, 2019

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

On Stablecoins and Beauty Pageants

As is currently being done, crowd-sourcing of pricing data feeds is fundamentally broken for stablecoins because the incentives are misaligned. Stablecoins that rely on this fundamental mechanism should be considered broken.

#CryptoAssets #Stablecoins #AltCoins #Fintech #DFC

·hackingdistributed.com·May 7, 2019

On Stablecoins and Beauty Pageants

Facebook Building Cryptocurrency-Based Payments System

At the heart of the initiative, under way for more than a year and code-named Project Libra, is a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet, according to people familiar with the matter.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·wsj.com·May 7, 2019

Facebook Building Cryptocurrency-Based Payments System

Thai Central Bank Builds Blockchain Solution for Digital Currency Project

The Bank of Thailand prototype solution will enable the central bank to settle interbank transactions using a wholesale central bank digital currency among its eight commercial bank partners on the R3 on Corda blockchain platform. https://www.bot.or.th/content/dam/bot/documents/en/news-and-media/news-pdf/2019/n0562e.pdf

#Fintech #Blockchain #CBDC #DFC

·coindesk.com·May 7, 2019

Thai Central Bank Builds Blockchain Solution for Digital Currency Project

Indictment reveals new clues in the Crypto Capital situation

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.

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

·theblockcrypto.com·May 4, 2019

Indictment reveals new clues in the Crypto Capital situation

Crypto Capital and Bitfinex’s missing millions, and Reggie Fowler

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.

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

·davidgerard.co.uk·May 4, 2019

Crypto Capital and Bitfinex’s missing millions, and Reggie Fowler

Introduction to Central Bank Digital Currencies (1/2)

#CryptoAssets #Blockchain #CBDC #DFC

·hackernoon.com·May 3, 2019

Introduction to Central Bank Digital Currencies (1/2)

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

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.

#Fintech #CryptoAssets #AltCoins #Stablecoins #DFC

·cointelegraph.com·May 3, 2019

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