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Bakkt Bitcoin Futures Daily Trading Volume Hits New Record — $15M
Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9.
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Stablecoins: Popularized by Facebook, Pilloried by Regulators
“A basket like Libra’s will not work. It threatens the sovereignty of states and opens up a window for capital flight. That’s why you’ve seen politicians and regulators furiously defend their monopoly to control transactions.”
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The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution
Unlike other ETF applications, Wilshire Phoenix’s ETF will invest in both bitcoin and U.S. Treasury securities, commonly referred to as T-bills.
tags: ETFs CryptoAssets Bitcoin Fintech
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Tencent to Build Virtual Bank After Hong Kong Regulator Approves License
Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission approved a new license.
tags: Blockchain Fintech
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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?”
tags: Stablecoins CryptoAssets Fintech
Kiffmeister’s Fintech Daily Digest 11/09/2019
