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Crypto credit has expanded too quickly and is headed for a blow-up, says a group of former Wall Street traders who are now seeking riches in digital assets. A near $5 billion industry has emerged from nothing just two years ago and the number of loan platforms is rapidly proliferating.
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CME Group has just published the specifications for its upcoming bitcoin options contracts. Each contract would be based on one of CME’s bitcoin futures contracts (five bitcoin); the contracts would be quoted in U.S. dollars per bitcoin with a tick size of $25 (or $5 for reduced tick sizes).
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Although the U.S. dollar is the world’s reserve currency, the U.S.’s ability to apply strong and effective sanctions has very little to do with the U.S. dollar itself.
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MBK, a Tokyo-based and Tokyo Stock Exchange-listed merchant bank, has signed a deal for the tokenization of property in Estonia.
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The Association of German Private Banks has presented a position paper advocating the establishment of a European digital currency and a common identity standard across the Eurozone.
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Overstock’s security token platform tZERO and the Tezos Foundation have partnered on a project that will tokenize £500 million in planned real estate development financed by U.K.-based Alliance Investments.
Kiffmeister’s Fintech Daily Digest 10/31/2019
