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Ripple Escrow Reporting: Creative Accounting or Much Ado About Nothing?
Coin Metrics has released a report detailing discrepancies in Ripple’s escrow reporting system. The Blockchain analysis firm described these discrepancies as contradictions that required some explanation.
tags: CryptoAssets AltCoins Fintech Ripple
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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.
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Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product
CULedger, a blockchain consortium and credit union service organization, has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product.
tags: Fintech Blockchain R3 Corda CrossBorder
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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.
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Crypto Lending Startup BlockFi Slashing Interest Rates on Ether Deposits
Cryptocurrency lending startup BlockFi is almost halving the interest rates it offers on ether (ETH) deposits, while some bitcoin (BTC) rates will increase slightly.
tags: Fintech CryptoAssets Collateral
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The Bitstamp ‘flash crash’ – why robust indices matter
Around 11PM EST on May 16th, a sell order for around 5,000 BTC appeared on the Bitstamp order book. Over the next 15 minutes, the BTC price on Bitstamp continuously fell – skewing the entire market and triggering hundreds of millions in long liquidations.
tags: Fintech CryptoAssets Bitcoin Liquidity
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Study: Bitcoin Derivatives Exchanges Register Record Trading Volumes
Cryptocurrency research firm Diar has indicated that institutional traders recently registered record high volumes on bitcoin (BTC) derivatives exchanges.
tags: Bitcoin CryptoAssets Futures Fintech
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Tencent-Backed Waterdrop Seeks Valuation of More Than $1 Billion
Beijing startup Waterdrop, backed by social media giant Tencent, is seeking new financing at a valuation of more than $1B to fend off its better-capitalized rival, Ant Financial, in the emerging field of health care crowdfunding.
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Binance Research Report on the Evolution of Stablecoins
How are fiat-backed stablecoins adapting their strategies to remain competitive?
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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.
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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.”
tags: Fintech CryptoAssets AltCoins Bitcoin Tether Stablecoins
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Japanese Parliament Moves New Crypto Regulations to the Upper House
The Japanese House of Representatives has passed new crypto regulation in the upper house of the National Diet. The amendments to two of Japan’s financial laws include adding crypto-asset margin trading.
tags: Fintech CryptoAssets Regulation
Kiffmeister’s Fintech Daily Digest 05/22/2019
