Bitcoin Was Russian Hackers’ Currency of Choice, U.S. Says

Jeff Bergstrom

Jeff Bergstrom

CIO

Bitcoin Was Russian Hackers’ Currency of Choice, U.S. Says
Lily Katz – Bloomberg
Digital coin allegedly used for payments during election; 12 intelligence officers indicted by U.S. special counsel
For years, Bitcoin believers have tried to distance the digital coin from the perception that it’s only used for criminal activity. New insights into Russian meddling in the U.S. election aren’t helping.
/jlne.ws/2uD8r9Y

Hong Kong launches blockchain-based trade finance
Don Weinland – Financial Times
Hong Kong’s de facto central bank will go live next month with a blockchain-backed trade finance platform set to link up with 21 banks, including HSBC and Standard Chartered.
The launch of the system, designed by China’s Ping An Group, will be one of the first and largest examples of a government-led project aimed at upgrading the $9tn global trade finance industry.
/on.ft.com/2LgA9Uf

Robinhood’s Plan to Win the Crypto Exchange War? Kill Trading Fees
Marc Hochstein and Christine Kim – Coindesk
As a new entrant into the cryptocurrency field, Vlad Tenev, co-CEO of online investment brokerage Robinhood, is following a time-honored business strategy: Undercut the competition. Except he’s taking it to an extreme.
/jlne.ws/2zIdZ8N

Blockchain Wunderkinds: Solving Peripheral Problems, Missing the Big Picture
Streetwise Professor
Ethereum wunderkind Vitalik Buterin delivered a rant against centralized crypto exchanges:
/jlne.ws/2uBkLr1

Coinbase to explore the addition of 5 new crypto-coins to its platform, as bitcoin slips
Mark DeCambre – MarketWatch
Coinbase, the most popular digital-currency platform in the U.S., late Friday said it is exploring adding five new cryptocurrencies to its suite of offerings, which currently includes bitcoin and Ethereum’s Ether.
/jlne.ws/2zEno14

Global regulators start monitoring crypto assets
Huw Jones – Reuters
Global regulators have published a framework for “vigilantly” monitoring risks from crypto assets like bitcoin and ether, even though they don’t pose a major risk to financial stability for now.
/jlne.ws/2zI2xtX

Bitcoin Rises as Biggest Asset Manager Studies Crypto Technology
Todd White – Bloomberg
Leading digital token heads for largest increase in two weeks; BlackRock says it is studying technology behind crypto assets
Bitcoin headed for its largest increase in two weeks on Monday, as BlackRock Inc. became the latest big name to signal an interest in the technology underpinning digital currencies.
/jlne.ws/2uA3I91

Fujitsu’s new blockchain offering: really cheap or really expensive?
Jemima Kelly – FT
Fujitsu, the Tokyo-based IT conglomerate, has been long blockchain for some time. As early as 2015, the company was trialling the technology for cross-border settlements; in 2016 it said it had developed tools for securely sharing documents via the power of the distributed ledger; and in 2017, it built ConnectionChain, a blockchain system for connecting… blockchains.
/jlne.ws/2zJHiYz

Financial Stability Board outlines crypto-assets monitoring framework; FSB report says crypto markets do not currently pose a material risk to global financial stability.
John Brazier – The Trade
The Financial Stability Board (FSB) has published a report outlining its monitoring framework for the financial stability implications of global crypto-asset markets.
/jlne.ws/2uAcRyn

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