We Should Not ‘Scurry to Keep Pace’ With Fintech, Says CFTC Commissioner

The Commodity Futures Trading Commission’s Rostin Behnam called for an “open mind” on disruptive tech regulation like blockchain. A new commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC) repeated called for handling fintech – including blockchain and cryptocurrency – with an “open mind” in a speech Thursday, Oct. 25. Speaking at the 2018 […]

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Bloomberg: European Crypto Mining Firm Bitfury Considers Going Public

Sources familiar with the matter told Bloomberg that crypto mining firm Bitfury is considering an Initial Public Offering. Blockchain technology company Bitfury is considering a potential Initial Public Offering (IPO), which could reportedly become the first major public listing in the crypto industry in Europe, Bloomberg reported Oct. 25. People familiar with the matter reportedly […]

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China’s Alibaba Cloud Expands Enterprise Blockchain Offering to Global Markets

Alibaba Cloud is expanding its enterprise-level Blockchain-as-a-Service outside China. Alibaba Cloud, the cloud computing arm of China’s e-commerce giant Alibaba Group, is enhancing its Blockchain-as-a-Service (BaaS) offering outside China, the company announced in a press release on Oct. 24. Following the roll out of its BaaS platform in China, Alibaba Cloud will expand its enterprise-level […]

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Central Bank-Issued Digital Currencies: Why Governments May (or May Not) Need Them

Japan’s central bank doesn’t want a CBDC. What about others? On October 20, The Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya, repeated his negative stance towards central bank-issued digital currencies (CBDC), claiming that such digital currencies are unlikely to improve the existing monetary systems. The concept of CBDC, or national cryptocurrencies, has attracted many […]

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German Central Bank and Deutsche Boerse Successfully Complete Blockchain Settlement Trial

The Central Bank of Germany and securities marketplace organizer Deutsche Boerse have completed a successful blockchain settlement trial. The central bank of Germany, Deutsche Bundesbank, and securities marketplace organizer Deutsche Boerse (DB) have successfully completed the trial of a blockchain solution in the settlements area, DB’s report reveals Thursday, Oct. 25. According to the report, […]

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SEC Launches FinHub to Communicate With Industry, But What Does it Have to Say?

The SEC has launched its FinHub. What should we expect?   On October 18, the U.S. Securities and Exchange Commission (SEC) announced the launch of the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). The new arm of the regulator will be focused on fintech-related fields, including, specifically, distributed ledger technology (DLT) and digital […]

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