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Bitcoin price broke down below the psychological level of $7,000 late on December 16. The cryptocurrency updated the December low after blockchain researcher Chainalysis said that PlusToken scammers were selling coins to cash out.
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A new ECB paper shows that it is possible to build a simplified CBDC payment system while safeguarding users’ privacy for low-value transactions and ensuring that higher-value transfers are subject to AML checks.
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Coinmetrics digs into how they audit crypto-assets, what difficulties can be encountered during this exercise and what can be learned from it. It then attempts a ranking of assets along two different dimensions of auditability: node operation and ledger reconstruction.
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“I am realizing Lebanon is in a situation where there is an implied currency control but the government cannot control bitcoin which is a good thing because people have no trust and the ability of the central bank which really causes the ponzi style collapse and the bitcoin does not have that,” said Taleb.
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Digital Asset’s DAML is a smart contract language that is designed to work with blockchain platforms. DAML cannot be used on its own – it needs a platform underneath it. What’s unique about DAML, however, is that we’re enabling it to work on more than just blockchain platforms.
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Fidelity Investments is setting up a new entity to serve European institutional digital asset investors.
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“Take out a $2,000 zero-interest, 39-month installment loan from Affirm to buy a Peloton bike this Christmas and it is likely that Cross River is actually making the loan. Cross River holds onto such loans for a few days, then typically transfers them to the fintech, which will sell the debt to hedge funds and bond buyers, or securitize it into bundles of thousands of such loans. “
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Crypto assets could be subject to a “full deduction” from Common Equity Tier 1 (CET1) capital if held in the banking book, under a hypothetical prudential framework set out by the Basel Committee. In the proposed example, direct holdings of crypto assets would be allocated to the banking book, while indirect exposures would be assigned to the trading book.
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State Street is partnering with crypto exchange and custodian Gemini Trust on a pilot that examines reporting scenarios for digital assets. The trial will track a reporting process for bitcoin and ether that are held for a user in Gemini’s custody service.
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Accenture has partnered with global trade finance blockchain startup TradeIX, becoming an onboarding partner for R3’s Marco Polo Network.
