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Category Archives: Cryptocurrency

Financial Stability Oversight Council Releases Report on Digital Asset Financial Stability Risks and Regulation

“The Financial Stability Oversight Council (Council) today released its Report on Digital Asset Financial Stability Risks and Regulation. The Council voted to approve the report in response to Section 6 of President Biden’s Executive Order 14067, “Ensuring Responsible Development of Digital Assets.As called for by the Executive Order, the report reviews financial stability risks and regulatory gaps posed by various types of digital assets and provides recommendations to address such risks. This report provides a strong foundation for policymakers as we work to mitigate the financial stability risks of digital assets while realizing the potential benefits of innovation,” said Secretary of the Treasury Janet L. Yellen. “It is an important contribution to the set of reports that Treasury and our interagency partners have produced as part of President Biden’s executive order. The report concludes that crypto-asset activities could pose risks to the stability of the U.S. financial system and emphasizes the importance of appropriate regulation, including enforcement of existing laws. It is vital that government stakeholders collectively work to make progress on these recommendations.”

Existing and Potential Use Cases for Blockchain in Public Procurement

Telles, Pedro, Existing and Potential Use Cases for Blockchain in Public Procurement (July 20, 2022). Available at SSRN: https://ssrn.com/abstract=4168144 or http://dx.doi.org/10.2139/ssrn.4168144 “The purpose of this paper is to assess the possibility of using blockchain technology in the realm of public procurement within the EU, particularly in connection with the award of public contracts. In this… Continue Reading

What is proof-of-stake? A computer scientist explains a new way to make cryptocurrencies, NFTs and metaverse transactions

Via LLRX – What is proof-of-stake? A computer scientist explains a new way to make cryptocurrencies, NFTs and metaverse transactions – Prof. Scott Ruoti, briefs us on yet another new component in Digital Ledger Technology. Proof-of-stake is a mechanism for achieving consensus on a blockchain. Blockchain is a technology that records transactions that can’t be deleted or… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, September 24, 2022

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, September 24, 2022 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly… Continue Reading

The Financial Stability Implications of Digital Assets

Federal Reserve Board, August 2022. The Financial Stability Implications of Digital Assets Pablo D. Azar, Garth Baughman, Francesca Carapella, Jacob Gerszten, Arazi Lubis, JP Perez-Sangimino, David E. Rappoport, Chiara Scotti, Nathan Swem, Alexandros Vardoulakis, Aurite Werman – “The value of assets in the digital ecosystem has grown rapidly, amid periods of high volatility. Does the… Continue Reading

Government reports on digital assets responsive to Biden’s Executive Order on crypto

Follow-up to September 16, 2022 White House Framework on Regulating Cryptocurrency, please see the following documents related to the directive re Ensuring Responsible Development of Digital Assets: September 16, 2022 – “The White House Office of Science and Technology Policy (OSTP) is publishing its report, Technical Evaluation for a U.S. Central Bank Digital Currency System,… Continue Reading

White House Framework on Regulating Cryptocurrency

FACT SHEET:  White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets – September 16, 2022 – Following the President’s Executive Order, New Reports Outline Recommendations to Protect Consumers, Investors, Businesses, Financial Stability, National Security, and the Environment – The digital assets market has grown significantly in recent years. Millions of people globally, including… Continue Reading

U.S. bank regulator warns of crisis risk from fintech proliferation

Reuters: “The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday. “I believe fintechs and big techs are having a large impact and warrant much more of our attention,” Hsu… Continue Reading

More Than Half Of All Bitcoin Trades Are Fake

Forbes Digital Assests – “A new Forbes analysis of 157 crypto exchanges finds that 51% of the daily bitcoin trading volume being reported is likely bogus. Within the emerging and turbulent market for cryptocurrencies, where there are no fewer than 10,000 tokens, bitcoin, is the great granddaddy, the blue-chip, representing 40% of the $1 trillion… Continue Reading

10 blockchain startups to watch

VentureBeat: “While many industries have seen a decline in venture capital investment, the blockchain space has continued to enjoy funding. Blockchain startups have found strength in the rise of NFT use cases alongside the convergence of blockchain and other emerging technologies like 5G, augmented reality (AR), virtual reality (VR) and artificial intelligence (AI).  Gartner predicts… Continue Reading

Insider Trading in Cryptocurrency Markets

Félez-Viñas, Ester and Johnson, Luke and Putnins, Talis J., Insider Trading in Cryptocurrency Markets (August 8, 2022). Available at SSRN: https://ssrn.com/abstract=4184367 or http://dx.doi.org/10.2139/ssrn.4184367 “We find evidence of systematic insider trading in cryptocurrency markets, where individuals use private information to buy coins prior to exchange listing announcements. Our analysis shows significant price run-ups before official listing… Continue Reading

Top 100 Public Companies Investing in Blockchain & Crypto Companies

Blockdata Research: “Recently, we analyzed the top 100 banks investing in blockchain/crypto (by assets under management, AUM) to understand the key use cases they’re backing and what new banks have entered the space over the last 10 months. We also revisited the blockchain investment activity of the top 100 public companies (by market capitalization) to… Continue Reading