BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance
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UK Bank Lloyds Bans Bitcoin Buying on Credit Cards

UK Bank Lloyds Bans Bitcoin Buying on Credit Cards | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Banks will never be fans of bitcoin. The concept is the complete opposite of a bank’s business model, which is to make profits from other people’s money. Britain’s biggest bank today took the step of banning its customers from buying bitcoin using their credit cards.

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Sharding is Ushering in Radical New Ethereum Designs

Sharding is Ushering in Radical New Ethereum Designs | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

"Sharding" involves the idea of essentially splitting a blockchain into parts that would run on different servers. Ethereum developers are beginning to see this scaling solution as an opportunity to test fundamental assumptions about the world's second-largest cryptocurrency.

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Central Banks Say Blockchain Could Shake Up Securities Settlement

Central Banks Say Blockchain Could Shake Up Securities Settlement | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

A newly published report from the European Central Bank and the Bank of Japan argues that distributed ledger tech (DLT) could be used to create novel securities settlement mechanisms, including "cross-chain atomic swaps" between unconnected ledgers.

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Deutsche Börse Plans Blockchain Securities Platform

Deutsche Börse Plans Blockchain Securities Platform | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Deutsche Börse Group, the Germany-headquartered securities listing and trading exchange, is planning to develop a blockchain-based system for securities lending. Deutsche Börse plans to develop a system that can offer more efficient securities settlement, and will use technical support from financial management firm HQLAX and blockchain startup R3's Corda platform.

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ICO Trackers: The New Gatekeepers for Crowdsales

ICO Trackers: The New Gatekeepers for Crowdsales | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

The ICO industry has spawned a lucrative business for tracker sites that monitor and review the latest projects. These sites earn lucrative sums for their featured reviews, and the largest have become the unofficial gatekeepers for crowdsales.

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OECD on Cryptocurrency: "The Era of Bank Secrecy Is Over"

OECD on Cryptocurrency: "The Era of Bank Secrecy Is Over" | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

In its new study, the OECD Secretary General examines cryptocurrency and its tax consequences in a two-part Report to G20 Finance Ministers & Central Bank Governors. In the opening paragraphs, the OECD declares that “the era of bank secrecy is over”.

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New Tools Help Crypto Traders Make Smarter Decisions

New Tools Help Crypto Traders Make Smarter Decisions | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

If knowledge is power, then today’s crypto traders could be stronger than they’ve ever been. The range and function of analytical tools is constantly improving, providing traders with a growing number of options to help make better informed decisions based on more data sets.

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Twitter CEO: Bitcoin Will Become World's Leading Currency

Twitter CEO: Bitcoin Will Become World's Leading Currency | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Speaking to the Times of London, Jack Dorsey, co-founder and CEO of Twitter and payments platform Square Inc. put his chips on the table, saying bitcoin will eventually become the world's leading currency.

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DOJ, SEC Argue Vague Laws No Excuse for ICO Fraud

DOJ, SEC Argue Vague Laws No Excuse for ICO Fraud | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

The U.S. government is pushing back against an effort to dismiss the charges it filed in an ongoing initial coin offering (ICO) fraud lawsuit. In twin filings submitted Monday, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) dismissed claims that U.S. securities laws don't apply to the sale of tokens tied to two ventures, one backed by real estate and the other by diamond holdings.

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Current Crypto Bear Run Will Be Nothing Like 2014

Current Crypto Bear Run Will Be Nothing Like 2014 | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Bearish markets have started to spark 2014 memories, when many altcoins suffered from a year-long downturn. However, there are some deep ecosystem contrasts between now and then, and 2018 is hardly comparable to when BTC was called the “worst currency of the year.”

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Token Airdrops Taking Off Despite Legal Concerns

Token Airdrops Taking Off Despite Legal Concerns | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

What started as a novelty has now become a trend, with many ICOs now earmarking a portion of their tokens for free distribution. Questions remain though about the legal status of airdropped tokens in an age where anything related to crypto risks being viewed as a security.

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Not Many Americans Actually Own Cryptocurrencies

Not Many Americans Actually Own Cryptocurrencies | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Overall, only about 8 percent of the U.S. population has invested in digital currencies like bitcoin, which have dominated headlines over the past year with more than 1,000 percent gains.

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UK Financial Professionals Bet On Rising Crypto

UK Financial Professionals Bet On Rising Crypto | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

A new survey among financial professionals in Britain shows that more than half of those who have invested in cryptocurrencies plan to buy more this year. Despite recent market volatility, only 8 percent of those interviewed intend to sell their crypto., while the majority expect valuations to rise over the next 12 months.

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Bank for International Settlements Weighs in on Government Cryptocurrencies

Bank for International Settlements Weighs in on Government Cryptocurrencies | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

The Bank for International Settlements have provided their input on the potential for central banks to issue their own cryptocurrencies.

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Study: 80% of ICOs are Scams, Only 8% Reach an Exchange

Study: 80% of ICOs are Scams, Only 8% Reach an Exchange | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Using publicly available sources, Satis Group classified initial coin offerings (ICOs) with market capitalizations of at least $50M, following an ICO’s evolution from white paper to fundraising and eventual trading online. They concluded that 80% are scams, with only 8% ending up listed on an exchange.

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Waiting Game? Why Coinbase Won't Add New Cryptos Anytime Soon

Waiting Game? Why Coinbase Won't Add New Cryptos Anytime Soon | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Supporting new crypto assets may be a "top priority" for Coinbase, but any such additions to its order books might not be close on the horizon. The San Francisco-based exchange wants to add several new cryptocurrencies in line with customer feedback, but it's treading cautiously as U.S. regulators deliberate on how they might treat certain uses of the technology.

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Initial Coin Offerings: Why the SAFT is Dead

Initial Coin Offerings: Why the SAFT is Dead | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Investment in the cryptocurrency industry is currently dominated by the use of Simple Agreements for Future Tokens (SAFTs). While SAFTs were a somewhat novel approach when they were introduced, now that cryptocurrency assets have become almost universally deemed “securities” by the SEC, the use of SAFTs may have become irrelevant.

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Switzerland's Financial Market Supervisory Authority Presentation on ICO Regulation

Switzerland's Financial Market Supervisory Authority Presentation on ICO Regulation | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

The Swiss Financial Market Supervisory Authority (FINMA) has published a deck on initial coin offerings, providing additional insight into their approach and thought process regarding tokenized securities and utility tokens.

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Google 'Actively Looking' Into Blockchain Technology

Google 'Actively Looking' Into Blockchain Technology | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Google is looking at whether it can incorporate blockchain technology, its most senior advertising executive said Wednesday. Sridhar Ramaswamy, Google's senior vice president of ads and commerce, said the company was researching the technology, but had no official product announcements to make.

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Tom Lee: Altcoins Will Surge Later This Year

Tom Lee: Altcoins Will Surge Later This Year | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

The cryptocurrency markets are subject to immense volatility right now. Over the past few months, bitcoin and all altcoins have been battered. But according to industry expert Tom Lee, altcoins will see positive momentum going forward as the current extended bear market comes to a close.

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Mastercard Will Support Government-Backed Cryptocurrencies

Mastercard Will Support Government-Backed Cryptocurrencies | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Mastercard has announced that it is receptive to using nationally backed central bank issued digital currency in the future, while holding onto its stance that all others are “junk”.

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G20 Watchdog Says Cryptos Not A Risk

G20 Watchdog Says Cryptos Not A Risk | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

The Financial Stability Board, G20’s global watchdog, does not consider cryptocurrencies a risk to financial stability. In a letter to the Group of 20 central bankers and finance ministers, its Chair Mark Carney said FSB was pivoting away from designing new policies and focusing on reviewing existing rules.

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Peter Thiel is Long on Bitcoin, a "Deeply Contrarian Investment”

Peter Thiel is Long on Bitcoin, a "Deeply Contrarian Investment” | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Paypal, Facebook, Linkedin and Yelp are just a few of the companies in which billionaire venture capitalist Peter Thiel has been involved. Recently, as the keynote guest at an Economic Club of New York luncheon, he shared his latest thoughts about bitcoin and cryptocurrencies.

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Crypto Featured for First Time in Congressional Report

Crypto Featured for First Time in Congressional Report | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

A new Congressional report that dubs 2017 "the Year of Cryptocurrencies" calls for lawmakers and industry stakeholders to cooperate on the technology's use.

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Goldman-Backed Circle Hiring 100 for Global Crypto Expansion

Goldman-Backed Circle Hiring 100 for Global Crypto Expansion | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Circle Internet Financial, the consumer finance startup backed by investors including Goldman Sachs Group and Baidu, will hire 100 people as it expands its newly acquired cryptocurrency exchange.

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Bitcoin Futures Launch in UK

Bitcoin Futures Launch in UK | BLOCKCHAIN & FINTECH: Digital Innovation News & Views on FinTech & Blockchain Technology – Disrupting and Transforming Global Finance | Scoop.it

Coinfloor have announced their group of cryptocurrency exchanges will now include Coinfloorex, a bitcoin futures exchange. Offering “institutional grade risk management and governance,” traders, hedge funds, and miners will get bitcoin futures “at scale” through “specifically designed cryptocurrency contracts and operational controls.”

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