Lack of ETNs Keeps Wall Street Away From Bitcoin, Says CBOE Analyst Ed Tilly

Ed Tilly, CEO, president and chairman at the Chicago Board Options Exchange (CBOE), declared that there is a need for Bitcoin (BTC) exchange-traded notes (ETNs) in order for Wall Street institutional investors to join the crypto space. Financial newspaper Business Insider reported on Tilly’s comments on Jan.18. According to the aforementioned article, Tilly declared that … Read more

HSBC finds blockchain drastically improves efficiency of internal payments

HSBC announced on Monday that during the past year it has been orchestrating more and more cross-border payments between the various balance sheets within the federation of separately capitalized banks that make up the group using a new technology. This has managed “to drastically increase the efficiency of these internal flows”, according to Richard Bibbey, … Read more

Reg CF Closes the Year at $161.5 Million in Crowdfunding. Total for 2018 was Flat versus Year Prior

The StartEngine Index tracking Reg CF crowdfunding issuers was published a few days ago. According to StartEngine, total successful offerings since the securities exemption was launched in May of 2016 now stands at $161.5 million. So how does 2018 compare to the year prior? Excellent question. During 2018, issuers raised $75.8 million. In 2017, issuers raised … Read more

ICOs Raised $160 Million in First Half of January, Report Says

Initial coin offerings (ICOs) completed in the first half of January have raised around $160 million. The figure was provided in a report by ICO rating service ICObench shared with Cointelegraph on Jan. 18. ICOs completed by Jan. 15 have managed to raise about 33 percent of the combined amount raised in the previous month … Read more

Thailand’s Stock Exchange Plans to Set up a Licensed Digital Asset Exchange: Report

The Stock Exchange of Thailand (SET) is planning to set up a regulated digital asset exchange, local news agency The Bangkok Post reported on Jan. 17. Citing the vice chair of SET’s board of governors, Pattera Dilokrungthirapop, — аlso chair of the Association of Securities Companies — the report revealed that the national stock exchange … Read more

Open Banking, Cybersecurity, and the Cyclicality of Fintech Regulation

Sam Taussig is the Head of Global Policy, Kabbage, Inc. Two clear trends are transforming banking—and driving the next generation of regulatory policy.  First, the adoption of data-intensive technologies have ushered in a wave of conveniences and services that have revolutionized personal finance, especially for millennials. Consumers under 40 expect friction-less service, mobile-native services, from mortgage applications to … Read more

DTCC gets approved for activities in Switzerland

The Depository Trust and Clearing Corporation (DTCC), the post-trade market infrastructure for financial services, is now able to provide trade reporting services in Switzerland. The Swiss Financial Market Supervisory Authority has given a green light. The firm has received regulatory approval from the Swiss Financial Market Supervisory Authority, and will offer services via DTCC’s Global … Read more