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Rwandan Central Bank Studying Ways of Issuing Digital Currency
The Rwandan central bank is looking into ways it could potentially issue its own digital currency to make the processing of transactions more efficient and to boost economic growth.
tags: Fintech CryptoAssets AltCoins CBDC
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Ripple Partnership Provides New Payment Rail for UK Remittance Firm
UK-based remittance firm Xendpay is partnering with Ripple to use its RippleNet global settlements platform to allow it to enter new markets like the Philippines, Bangladesh, Malaysia, Vietnam, Indonesia, and Thailand.
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Chainalysis launches real-time alerts for ‘suspicious transactions’ across 15 cryptocurrencies
Chainalysis’s real-time crypto transaction AML monitoring/ compliance product began providing suspicious crypto-asset transaction alerts across 15 crypto-assets.
tags: Fintech CryptoAssets AMLCFT
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NYDFS Grants Charter For Bakkt To Custody Bitcoin
The New York State Department of Financial Services authorized Bakkt Trust Company LLC to offer custody services for Bitcoin following the introduction of trading physically delivered Bitcoin futures contracts on the Intercontinental Exchange Futures U.S. Under its charter, Bakkt will provide services to institutional customers.
tags: Fintech CryptoAssets Bitcoin Custody Bakkt Regulation Futures
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10 Million ETH: Big Mysteries Revealed About PlusToken
PlusToken’s intake of BTC, EOS, and XRP since the beginning of the scam in mid 2018 is still being calculated by our team. Once this data is finalized, we expect that PlusToken will easily emerge as the largest crypto Ponzi scheme in history, surpassing both BitConnect and OneCoin by a handsome margin.
tags: Fintech CryptoAssets Ponzi
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Understanding the crypto-asset phenomenon, its risks and measurement issues
This ECB article discusses the crypto-asset phenomenon with a view to understanding its potential risks and enhancing its monitoring.
tags: Fintech CryptoAssets
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The European Banking Association and the European Securities and Markets Authority have written to the European Commission to say they will review the legal frameworks used by European Union member states for monitoring stablecoins such as Libra.
tags: Fintech CryptoAssets PaymentSystems AltCoins Stablecoins Facebook
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The State of Stablecoins, 2019
2019 has proven a huge year for the development of stablecoins and decentralized finance, particularly in regards to projects built on the Ethereum blockchain.
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The New York Attorney General is investigating Bitfinex, Tether and various associated iFinex companies — on the basis, amongst other reasons, that there’s been funny business with the Tether “reserve”.
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Starbucks, monetary superpower
Starbucks has around $1.6 billion in stored value card liabilities outstanding. This represents the sum of all physical gift cards held in customer’s wallets as well as the digital value of electronic balances held in the Starbucks Mobile App.* It amounts to ~6% of all of the company’s liabilities.
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How China’s Virtual Banks Are Offering Loans to Micro-Businesses Within Minutes
In China, online lenders are filling the credit gap, leveraging cutting edge technology including artificial intelligence (AI) to make lending decision in just a second. Alibaba’s MyBank and Tencent’s WeBank make their lending decisions using AI, processing vast amounts of user data and information gathered from the mobile payment services they operate.
tags: Fintech MachineLearning AI
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More trouble in blockchain-land
Engineer sources told The Block that R3 is finding it hard to manage or support its growing client base, insinuating the company is flogging software that isn’t fully baked yet.
tags: Fintech Corda Blockchain
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New Flexa Tech Will Let You Spend Bitcoin From Other Apps Too
The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. For now, Flexa delivers final payment to most merchants in fiat, working with exchange partners to provide liquidity to trade tokens used in payment for the final currency. But the Flexa system defaults to paying merchants in the cryptocurrency used by the customer, and it hopes to nudge more to do so.
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Binance Venus Aims to Outshine Libra and Chinese National Crypto?
Although both of the stablecoin projects may appear to be international in scope, Binance’s will likely only work with specific countries and regions in developing their own digital currencies to help establish financial autonomy and security.
tags: Fintech CryptoAssets AltCoins Stablecoins Binance Facebook
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Tether to Issue Stablecoin Backed by Yuan in Belgian Bank: Insider
Tether is planning to issue a stablecoin pegged to the Chinese renminbi, according to a trader with ties to the company.
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SEC Approves Blockchain Based Digital Securities Platform Securitize As A Registered Transfer Agent
A new blockchain startup called Securitize has been recently approved as a transfer agent by the U. S. Securities and Exchange Commission (SEC). This means that the company will now be able to act as an official keeper for records involving ownership changes in securities.
tags: Fintech Blockchain Regulation
Kiffmeister’s Fintech Daily Digest 08/22/2019
