Author: Ian Allison

Winklevoss-Led Gemini Exchange Now Has Its Own Insurance Company – CoinDesk

CoinDesk

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has created its own insurance company to protect clients against the potential loss of coins from its offline vaults – with a possibly record-breaking $200 million coverage limit. Announced Thursday, Read More

UK’s Oldest Crypto Exchange to Delist Ethereum and Focus Solely on Bitcoin – CoinDesk

CoinDesk

Coinfloor, the U.K.’s longest-running cryptocurrency exchange, plans to delist ethereum next month, citing an unclear future of hard forks and the need for onerous technical support for the second biggest coin by market capitalization. The company will also delist bitcoin Read More

Wyoming’s New Crypto Banking Law Could Defang New York’s BitLicense – CoinDesk

CoinDesk

There’s a way cryptocurrency businesses can get around New York’s notoriously hard-to-get BitLicense, and it runs through Wyoming. At least, so say members of the team that drafted the 13 crypto-friendly laws enacted by the Western state this year. One Read More

Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank – CoinDesk

CoinDesk

Facebook’s Libra has been a wake-up call for central bankers. Now one such official – Gabriel Soderberg of Sweden’s Riksbank – says cross-border payments are where policymakers need to play catch-up. “Libra showed there is a demand for something that Read More

How Anti-Money-Laundering Rules Hinder Libra’s Mission to Reach the Unbanked – CoinDesk

CoinDesk

This is the second of a two-part series on why non-profits are participating in the Facebook-initiated Libra Association. For the first story in the series click here. The Takeaway: The Libra Association is thinking of radical approaches to reach the Read More

Microsoft, Intel Back Ethereum-Based Token to Reward Consortium Efforts – CoinDesk

CoinDesk

The Enterprise Ethereum Alliance (EEA), the consortium charged with creating standards for businesses to build applications using the ethereum blockchain, has created a system of reward tokens to incentivize groups of companies. The system is backed by Microsoft and Intel. Read More

DTCC Pushes Back Blockchain Project to Avoid Brexit Complications – CoinDesk

CoinDesk

The Depository Trust & Clearing Corporation (DTCC) has pushed back the release of its blockchain-based post-trade system for derivatives by several months, in part because of complications created by Brexit.  The official line from the U.S. central securities depository (CSD) Read More

Swiss Stock Exchange SIX Lines Up Buyers for ‘Initial Digital Offering’ – CoinDesk

CoinDesk

The Takeaway: Swiss Digital Exchange (SDX), a unit of stock exchange operator SIX Group, has organized a global consortium of financial institutions to back its “initial digital offering” (IDO). The token sale is scheduled to happen by the middle of Read More

Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec – CoinDesk

CoinDesk

Banking giant Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT, the global messaging system used by over 11,000 financial institutions. Unveiled this week, Wells Fargo Digital Cash uses R3’s Corda Enterprise Read More

Binance Is Pitching Its Stablecoin as a Government-Friendly Libra Competitor – CoinDesk

CoinDesk

Crypto exchange Binance is now explicitly positioning its Venus stablecoin project as a government-friendly alternative to Facebook’s Libra, just a month after downplaying any suggestions of rivalry between the two. Last month, when Binance launched the initiative to develop localized Read More

Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI – CoinDesk

CoinDesk

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one Read More