The SDR—a blueprint for libra?
The SDR—a blueprint for libra? The SDR’s history and limited success show how difficult it is to design an international currency. Libra will likely face very similar challenges.
tags: Fintech Facebook AltCoins CryptoAssets Stablecoins SDR
A CoinMarketCap alternative launches trading indices that find only 17% BTC trading volumes trustworthy
Coinbase-backed trading data provider Nomics finds that around 17% of bitcoin (BTC) trading volumes are trustworthy, while for ether (ETH), that number is 8%.
Central Bank Of Brazil Adopts IMF Crypto Classification Guidelines; Labeled ‘Non-Financial Product’
The IMF Balance of Payments Statistics Committee recommended classifying the buying and selling of crypto-assets as assets produced, which means that it is compiled into the balance of payments asset account.
tags: CryptoAssets Fintech Accounting
SEC Chief’s Crypto Leeriness Sets Up Facebook Clash on Libra
Though SEC Chair Clayton avoided commenting directly on Libra, he noted that if something looks like an ETF and operates like an ETF, the law says it should be regulated like an ETF. That holds true no matter what it’s called, Clayton added.
tags: Fintech Facebook CryptoAssets Regulation Stablecoins AltCoins
Ethereum ‘Almost Full’ as Controversial Coin Gobbles Up Capacity
The digital ledger behind the supposed better version of Bitcoin is running out of capacity. That was the warning last week from Ethereum co-founder Vitalik Buterin, who noted that the cost of processing transactions done in the digital token Ether on the underlying blockchain may get too expensive for some users.
tags: Fintech CryptoAssets AltCoins Ethereum
Libra Cryptocurrency: Can Facebook Dominate in Money Transfers?
Karl Schamotta, chief market strategist at Cambridge Global Payments, said even though Facebook’s Libra would be a unified currency, “each country in the world has idiosyncratic regulatory regimes, fragmented banking standards, and a whole lot of things that throw sand in the gears that prevents the smooth transfer of money.”
tags: AltCoins CryptoAssets Facebook Fintech CrossBorder Stablecoins
Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes
If Chainalysis is right, only a small fraction of coins sent to and from bitcoin mixers are used for illicit purposes.
tags: Fintech CryptoAssets Bitcoin AMLCFT
A Look Behind the Technology Gameplan of China’s Insurtech Giant, ZhongAn
By harnessing the latest technologies, ZhongAn Online continues to integrate technology into every process in the insurance sector so as to reshape the entire insurance value chain.