What It Means if Companies Like Twitter Are ‘Systemically Important’ to Finan...
NYDFS proposals following the Twitter hack are a warning to everyone using centrally-controlled "designated" platforms.
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Manifold Technology is positioning itself to capitalize on the inevitable blockchain database industry. As Bitcoin’s blockchain technology continues to gain mainstream recognition from the very businesses that previously shunned it, large institutions still struggle to decide what to do with the blockchain. All they know is that this new technology is supposedly more secure, and they want to learn more about it. Manifold Technology was founded by Chris Finan and Rob Seger. Finan was the White House Director for Cybersecurity Legislation and Policy under Obama and helped draft the....
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get its own central bank digital currency right.CBDCs are the banking industry’s answer to cryptocurrency stablecoins. While they are often hosted on the blockchain, they share little in the way of philosophical parity with their decentralized....
The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology. The principle of "same risk, same regulation" for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO), applies the Principles for Financial Market Infrastructures (PFMI) for....
The majority of financial service executives believe blockchain technology will be hugely important to their industry over the next 10 years, according to a survey sponsored by Synechron, a global and technology consultancy based in New York, N.Y. The TABB Group conducted the survey on behalf of Synechron, and it included 92 banking and capital markets institutions. The survey queried executives directly involved with technology decisions about the potential of blockchain technology and artificial intelligence. More than 55% of respondents said that over the next 10 years, blockchain will....
With Pres. Trump testing positive and a systemically important exchange in the crosshairs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!