Finance & Business

Australia’s primary stock exchange could soon have a new blockchain-based rival. National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis (ISX), both publicly listed companies, announced Thursday that they are forming joint venture to offer a digital securities trading platform. Called ClearPay, the new entity will offer a platform will be based
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The European Union is still trying to figure out what to do about Libra, according to a memo released Tuesday by European Commission Executive Vice-President Valdis Dombrovskis. The indecisiveness stems from a lack of actionable information. Specifically, Libra “lacks detail,” according to Dombrovskis.  Despite repeatedly asking the Facebook-launched Libra Association for information about its payments
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Blockstation, a Canadian digital asset trading systems firm, has built a fast-track disclosure filing process for companies hoping to list security tokens on the Jamaican Stock Exchange (JSE). Announced Tuesday alongside JSE’s launch of a tokenized Initial Public Offering (IPO) platform, Blockstation’s new tool, called the Smart Listing Accelerator Process (SLAP), is designed to streamline
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CoinDesk columnist Nic Carter is a partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, MA. He is also the cofounder of Coin Metrics, a blockchain analytics startup. On May 9th, 2019, Representative Bradley Sherman, member of the House Banking Committee, made an impassioned speech in Congress about cryptocurrency. In his speech, the mask typically
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Samsung Electronics’ newly launched Galaxy smartphone will come with the same crypto storage facilities found on previous models. Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.” Although Samsung gave much more
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Announcing CoinDesk’s new opinion section, a place for discussions on the future of money and all the interesting questions that surround crypto and blockchain as ideas.  Starting today, CoinDesk will be publishing daily columnists such as Preston Byrne, Jill Carlson, Nic Carter, HASU, Stephanie Hurder, Jeff Dorman, JP Koning, Yorke Rhodes, Byrne Hobart, William Mougayar,
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Presidential candidate Michael Bloomberg proposed creating a regulatory framework for cryptocurrencies in a new financial regulation plan unveiled Monday. Bloomberg’s campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all financial transactions in a
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The Australian entrepreneur who claims to be the inventor of bitcoin has suggested he might take legal action against the cryptocurrency’s developer team over claimed infringement of his intellectual property. In a blog post published last Thursday, Craig Wright said while forks of bitcoin would be allowed under the open-source MIT license under which bitcoin
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The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday. The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and issue them to investors.
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Speculation creates congestion on the blockchain that harms a cryptocurrency’s utility and overall value, a senior economist at the Bank of England (BoE) has said. Peter Zimmerman, who has been a senior economist at the U.K. central bank since 2007, argued in a working paper published Friday that speculation undermines the effectiveness of cryptocurrencies to
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The world’s top cryptocurrency exchange by trading volume is hoping to get the official green light to operate in Singapore. According to a report from Bloomberg on Sunday, the firm’s CEO and co-founder Changpeng “CZ” Zhao said in an interview that an application has already been submitted to the island state’s authorities under new legislation
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Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance. MicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool
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The best Sundays are for long reads and deep conversations. With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream. We’ve seen this cycle before, but could this time be different? Today’s discussion features: Today’s episode features audio clips from CNBC, C-SPAN
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Privacy is a hot topic for legislators all over the world. Democractic presidential candidates have privacy laws and regulations in their campaign platforms. Amy Klobuchar discussed a tax on companies who share user data. Elizabeth Warren has introduced legislation that considers the idea of jail time for CEOs over privacy failures. Before he dropped out
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Decentralized finance (DeFi) project bZx has suffered an attack in which a hacker successfully gamed multiple DeFi protocols to extract $350,000 from the platform, about 2 percent of the assets under management. In response, the company took down its lending and trading protocol Fulcrum at 7 AM UTC. The company was presenting at ETHDenver during
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CoinDesk Head of Research Noelle Acheson joins the Amun State of Crypto crew to discuss the advantages, disadvantages and eccentricities of crypto markets, exchanges, settlement and more. In this deep-dive conversation, the group discusses the differences in the market microstructure between the crypto asset industry and traditional capital markets. The guests drew from their experience
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Developer Cindy Zimmerman and her mother Judy Katzman are among the cryptocurrency community’s most quietly prolific builders. After learning about bitcoin in 2011, Katzman worked for the early exchange BitInstant and Zimmerman moved to Panama in 2012 to work with Erik Voorhees and the other founders behind the crypto exchange Coinapult. Because Zimmerman earned part
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The Cardano blockchain’s lead development firm has established a new research center at the University of Wyoming (UW), after making a $500,000 donation in the ADA cryptocurrency. IOHK announced Friday that its new research and authentication center would form part of UW’s Blockchain Research and Development Lab and would promote the company’s academic approach to
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Amber Group, a Hong Kong-based startup offering a range of cryptocurrency finance services, has raised $28 million in a Series A round. Leading the investment are Paradigm and Pantera Capital, with Polychain Capital, Blockchain.com, Coinbase Ventures and Fenbushi Capital also participating. Existing investor Dragonfly Capital was also on board. Announcing the news on Friday, Amber
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A group of trading vets from NASDAQ, Visa and Morgan Stanley say they’ve built a liquidity solution for the world’s disparate cryptocurrency markets.  After 18 months of development, their project, Apifiny, came out of stealth Wednesday with a new platform targeting exchanges hampered by low liquidity: ExOne. It is an emerging finances back-end tool tied
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