BlackRock Inc.

BlackRock Inc.

BlackRock Inc. is reportedly in advanced talks to buy the French software firm eFront, as it attempts to become a bigger provider of financial technology. The firm is offering $1.3 billion in cash for 100% equity in eFront, which provides reporting on private equity and alternatives for financial institutions.

European Central Bank

European Central Bank

The European Central Bank has withdrawn a request it made in 2017 for greater powers to tackle financial stability risks in the euro-denominated derivatives market.  The bank said the way its request had been handled by the European Parliament and EU national governments had led to a result that risked limiting its freedom of action more than empowering the ECB to act, the Financial Times reported.

Yuval Rooz

Yuval Rooz

The blockchain technology company Digital Asset has promoted Yuval Rooz, who helped set up the company in 2014, to CEO, replacing Blythe Masters, who stepped down at the end of 2018. 

Ex-CFTC chairman calls for SEC to regulate cryptocurrencies

Ex-CFTC chairman calls for SEC to regulate cryptocurrencies

Economic Studies at Brookings yesterday dropped a call for better regulation of the cryptocurrency and digital assets industries by none other than Tim Massad, the former chairman of the CFTC. As befits the former head of an agency that embraced principles-based regulation, Massad’s paper is long on analysis of the industries and the regulatory issues that seem to afflict business conditions.

Chicago Mayor Emanuel addresses FinTank meeting, makes case for Chicago as crypto and fintech hub

Chicago Mayor Emanuel addresses FinTank meeting, makes case for Chicago as crypto and fintech hub

In what might prove to be a seminal moment in the development of the cryptocurrency and blockchain community in Chicago, Chicago Mayor Rahm Emanuel addressed an audience of nearly 150 on Monday. Extolling the virtues that Chicago possesses, Emanuel made the case that the city has the opportunity to become a preeminent global fintech center.

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