State Street Insiders Split Over Key Blockchain Use Case
The global custody bank’s tech and product teams are keen to transform securities lending into a peer-to-peer market, but not all are on board.
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RSK Creators Acquire Spanish Social Network
news IVOLabs, the parent company behind RSK‘s bitcoin smart contract network, today announced its acquisition of Spanish-language social networking platform Taringa. With the deal, IVOLabs announced it will also integrate RIF, RSK’s native token, into Taringa. In a release, IVOLabs said Taringa will both integrate and test RSK decentralized applications and infrastructure. One of the largest…

Who Needs a Bitcoin ETF? Crypto Scoffs at SEC Rejections
Over the past two days, the narrative on bitcoin exchange traded funds (ETFs) in the U.S. has felt like a rollercoaster. Up until Wednesday, all eyes were watching for a final decision on two futures-backed bitcoin ETF proposals set to be listed on the New York Stock Exchange (NYSE) and created by ProShares. However, the…

Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi
The Bank for International Settlements with the help from the central banks of France, Singapore and Switzerland successfully tested out cross border trading of wholesale central bank digital currencies.With more and more nations exploring issuing a wholesale CBDC Project Mariana wanted to test out how foreign and exchange settlement might look in a world where

India’s Central Bank Explains Why It Blocked Banks From Using Cryptos in Court Filing
Jan 21, 2020 at 10:35 UTCIndia’s Central Bank Explains Why It Blocked Banks From Using Cryptos in Court FilingThe Reserve Bank of India (RBI), the nation's central bank, has explained that it "ringfenced" financial institutions from dealing with cryptocurrencies over a range of perceived risks.In a response to a petition from the Internet and Mobile…

Nobel Laureate Oliver Hart to Advise Blockchain Startup
Blockchain economics startup Prysm Group has added Nobel Laureate Oliver Hart and former Microsoft chief economist Preston McAfee as senior advisors.

Canadian Fund Manager 3iQ Files Prospectus for Bitcoin Fund IPO
Nov 28, 2019 at 16:00 UTCUpdated Nov 28, 2019 at 18:09 UTCToronto Stock Exchange image via ShutterstockCanadian Fund Manager 3iQ Files Prospectus for Bitcoin Fund IPOCanadian investment fund manager 3iQ has listed the preliminary prospectus for its bitcoin fund as the next step toward an initial public offering (IPO), the company said Thursday.As reported on…

Short of Target: Bitcoin’s $1K Rally Leaves Bear Bias Intact
markets View Bitcoin’s short-term outlook will remain bearish as long as prices remain below $11,080 resistance. A break above that level would invalidate bearish lower-highs setup. The bulls may have a tough time forcing a break above $11,080 amid news of BitMEX exchange facing a regulatory probe and talks of harsher crypto regulation. Prices could…

Libra Wanted a Currency, All We Need Are DeFi’s Open Payment Rails
Mar 10, 2020 at 16:30 UTCLibra Wanted a Currency, All We Need Are DeFi’s Open Payment RailsLex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Future of Finance newsletter.As I write this, Facebook is worth about $500 billion in market capitalization.…