DFC

5260 bookmarks
Custom sorting
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
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?
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
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
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
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
ECB’s Löber: Facebook’s libra a “black hole” of legal certainty
ECB’s Löber: Facebook’s libra a “black hole” of legal certainty
Löber posed several general questions in relation to the practical operation of digital assets, which require definitive answers: “Can you use these assets as collateral? Can you net a position in a digital asset with positions you have in traditional assets? How do you treat insolvency? How do you deal with liabilities and remedies? And, in conflicts of law, what is the relevant forum for settling disputes?”
#Stablecoins#CryptoAssets#Fintech#DFC
·centralbanking.com·
ECB’s Löber: Facebook’s libra a “black hole” of legal certainty
Federal Reserve Board Financial Stability Report on Stablecoin Ecosystems:
Federal Reserve Board Financial Stability Report on Stablecoin Ecosystems:
“A global stablecoin network, if poorly designed and unregulated, could pose risks to financial stability. The failure of a stablecoin to operate as expected could disrupt other parts of the financial system. For example, the inability to convert stablecoins into domestic currency on demand or to settle payments on time could create credit and liquidity dislocations in the economy. If a stablecoin’s credit, liquidity, market, and operational risks are managed ineffectively, it could face a loss of confidence. This loss of confidence could lead to a run, where many holders attempt to liquidate their stablecoins at the same time. In an extreme scenario, holders may be unable to do so, with potentially severe consequences for domestic or international economic activity, asset prices, or financial stability.”
#Fintech#CryptoAssets#Stablecoins#DFC
·federalreserve.gov·
Federal Reserve Board Financial Stability Report on Stablecoin Ecosystems:
Facebook’s Libra code chugs along ignoring regulatory deadlock
Facebook’s Libra code chugs along ignoring regulatory deadlock
Forty wallets, tools and block explorers plus 1,700 GitHub commits have how now been built on its blockchain testnet that’s seen 51,000 mock transactions in the past two months. Libra nodes that process transactions are now being run by Coinbase, Uber, BisonTrails, Iliad, Xapo, Anchorage and Facebook’s Calibra. Six more nodes are being established, plus there are 8 more getting set up from members who lack technical teams, meaning all 21 members have nodes running or in the works.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·techcrunch-com.cdn.ampproject.org·
Facebook’s Libra code chugs along ignoring regulatory deadlock
Banking Unbanked Bitcoiners
Banking Unbanked Bitcoiners
Silvergate Bank specializes in reaching debanked bitcoiners, joining several other financial institutions including Metropolitan Bank, Signature Bank, and Cross River Bank in catering to the financial needs of the growing cryptocurrency space. Silvergate's crypto clients include Gemini, Kraken, Bit Flyer, Paxos, trueUSD, Coinbase, Polychain Capital, and Bitstamp.
#Fintech#CryptoAssets#Stablecoins#Banks#DFC
·aier.org·
Banking Unbanked Bitcoiners
Crypto backed by crypto: Dai seeks to change 'stablecoin' game
Crypto backed by crypto: Dai seeks to change 'stablecoin' game
Dai, launched in 2017, seeks to dodge such concerns by giving up control of the ethereum coins its value is tied to, locking them instead in the blockchain contracts run by algorithms. That, supporters say, offers the benefits of stablecoins - instant transactions and steady value - while avoiding governance risks.
#Fintech#CryptoAssets#Stablecoins#MakerDAI#MakerDAO#DFC
·reuters.com·
Crypto backed by crypto: Dai seeks to change 'stablecoin' game
MakerDAO Launches Multi-Collateral Dai, Coinbase Support Coming Soon
MakerDAO Launches Multi-Collateral Dai, Coinbase Support Coming Soon
The MakerDAO project launches its upgraded multi-collateral Dai stablecoin today. To the relief of many, it will not include traditional assets as accepted forms of collateral just yet. Cryptocurrency Exchange, Coinbase, has already announced support for the upgraded token from 2nd December.
#Fintech#CryptoAssets#Stablecoins#MakerDAI#MakerDAO#DFC
·bitcoinist.com·
MakerDAO Launches Multi-Collateral Dai, Coinbase Support Coming Soon