Eleven members of Congress are calling on the U.S. Treasury Department to look at new technologies, including blockchain and distributed ledger technology, to help streamline how cash and supplies are distributed under a federal law trying to boost the economy during the COVID-19 crisis. The letter points to China’s rollout of its own blockchain system as an example of other nations pursuing the same technology.
G20 and the BIS Innovation Hub launch TechSprint Initiative to address financial regulatory & supervisory challenges
The G20 and the Bank for International Settlements Innovation Hub launched the G20 TechSprint Initiative to highlight the potential for new technologies to resolve regulatory compliance (RegTech) and supervision (SupTech) challenges. The BIS Innovation Hub published high-priority RegTech/ SupTech operational problems and invited private firms to develop innovative technological solutions. The problem statements identify challenges in regulatory reporting, analytics, and monitoring and supervision, and have been developed from submissions received from Financial Stability Board member jurisdictions.
WhatsApp considers offering loans to users through mobile payments feature
WhatsApp has ambitions to launch a money-lending service to users in India, according to a regulatory filing. It already has a mobile payments platform called Pay that is rolling out to users in the country, through which the loans could be issued. The filing outlined plans to “advance money or give credit on such terms as may seem expedient, and with or without security, to customers and others.”
Target, General Mills Getting Look In At Hedera Blockchain Technology Through Couponing
The Coupon Bureau is a non-profit, industry-managed coupon data exchange technology platform that works with many of the largest players in the retail ecosystem. The decision to use Hedera Consensus Service to provide a real-time, tamper-proof log for all coupon events on its platform, will allow coupon providers, manufacturers, clearinghouses, and retailers the ability to validate in real-time when coupons are registered and redeemed on the platform, without having to trust any single party.
Stripe Launches Card Issuing Services for Businesses in the US
Stripe has rolled out a new card issuing product in the U.S., allowing businesses to create, manage and distribute tailored virtual and physical cards to their customers and employees. Stripe Issuing is an API that allows businesses to issue cards on a self-serving basis. These programmatic cards can be set up quickly and come embedded with capabilities to give flexibility and cater to different needs.
Telegram’s Blockchain OS Could Soon Appear in App Stores
The Telegram Open Network (TON) operating system (OS), an end-to-end open-source infrastructure that allows developers and users to work with the TON blockchain, will reportedly soon be available on smartphones and personal computers for mainstream users. TON OS is not an alternative to existing operating systems, but will serve as an add-on for devices, making them able to support blockchain applications. This is despite Telegram’s ongoing legal battle against the U.S. SEC. (Telegram is seeking to appeal a U.S. federal court’s ruling in favor of the SEC to halt the distribution of the platform’s native Gram tokens.)
Creating a Better Supply Measurement: Introducing Free Float Supply
Coin Metrics recently announced the CM Free Float Supply, a new metric that is being developed to more accurately represent the supply of an asset available to the market. By applying a standardized approach, this metric represents a cross blockchain unified portrayal of the crypto market’s liquidity. For greater detail on the rationale for the methodology decisions that make up CM Free Float Supply. CM Free Float Supply overcomes the challenges of misrepresenting supply by restricting categories of token holders that do not provide liquidity to markets.
Bitcoin ‘stock-to-flow’ model predicts bullish price outcome post halving
Stock-to-flow is a ratio that measures a commodity’s outstanding stock against fresh market inflows. For Bitcoin, this model has been used to predict astronomical price rises following the upcoming third Bitcoin halving. While some Bitcoiners cling to this model as mathematical proof that “number go up,” others are certain that the halving is already “priced in.”
What is Synthetix? A 3-minute guide to the trading platform
Synthetix is a token trading platform built on Ethereum. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. Synthetix started as a stablecoin project called Havvenout, before pivoting to DeFi. Much of Synthetix’ recent success can be attributed to its innovative token incentive model. SNX holders stake SNX in return for fees from the Synthetix exchange and rewards from the system’s inflationary monetary policy.
Posted from Diigo: https://www.diigo.com/user/kiffmeister/Fintech
