Crypto Futures Markets News Platforms 

NYSE owners’ plan for a new crypto ecosystem has one detail that crypto traders have been crying for —and it might reel in Wall Street

“Physically settled bitcoin futures would also need to get the green light from the Commodity Futures Trading Commission” writes Frank Chaparro for businessinsider.com. “Basically the clearing houses and [brokers] would need a bitcoin infrastructure to transfer crypto,” he said in an e-mail to Business Insider.The first step in the platform will be a crypto futures contract that physically delivers bitcoin.Elsewhere, at rivals CME and Cboe Global Markets, bitcoin futures settle in cash.As Business Insider previously reported in February, traders from firms like DRW, DV Trading, and B2C2 were clamoring for…

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GBP News 

Britain must strike deals with ‘unsavoury’ elites, report finds

“The report states that Britain needs to be more willing to deal with powerful unsavoury elements even if they do not share British values, or are guilty of war crimes” writes Patrick Wintour for theguardian.com. Military intervention may have the effect of “freezing” the war rather than ending it, the report adds. However, in many contexts, formal institutions are not the key political arena in which power is contested and violence is managed.”.  Source: theguardian.com Share This:

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Crypto News Platforms 

IBM trials blockchain platform aimed at banks

“IBM launched a blockchain platform for financial services on Monday as it continued to bolster its offerings of the much-hyped technology” writes unknown author for cnbc.com. For example, R3, which works with a consortium of banks has blockchain products aimed at the financial services industry.IBM teamed up with CLS, a foreign exchange market infrastructure firm, to create LedgerConnect, a proof of concept DLT platform designed for financial services companies.It’s aimed at applying blockchain technology to a number of areas, including know-your-customer processes, sanctions screening, collateral management, derivatives post-trade processing and…

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Crypto News Platforms 

CLS, IBM and banks test blockchain app store

“While many blockchain-based applications are being tested by banks, few have gone into production” writes Midwest Communications Inc for 95kqds.com. CLS and IBM hope that LedgerConnect can help speed up adoption by making blockchain-based software for financial firms more readily available, they said.LedgerConnect – which is based on a model similar to that of consumer app stores – aims to make it easier and cheaper for financial firms to use blockchain-based software. After the platform has been tested, and provided there is sufficient market demand, CLS and IBM hope to…

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News 

Emails From Trump Education Official Reveal Ties to For-Profit Colleges

“Both regulations were an attempt by the Education Department under President Barack Obama to protect students from fly-by-night colleges in the for-profit sector” writes Adam Harris for theatlantic.com. More than a year after Education Secretary Betsy DeVos announced that the U.S. Department of Education would begin to unwind two Obama-era regulations aimed at holding for-profit colleges accountable, the department has started to make good on that promise.The two regulations are known as the “borrower defense” and “gainful employment” rules. Source: theatlantic.com Share This:

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EU watchdog says some banks too plodding to win fintech race

“At this point, the predominant type of relationship between incumbent institutions and fintech is partnership and collaboration with fintech firms,” said the report” writes Midwest Communications Inc for 95kqds.com. London has long been the main fintech center in Europe but Britain’s departure from the EU next March has spurred Berlin, Paris, Luxembourg and other centers to offer sweeteners to British fintech firms to relocate.LONDON (Reuters) – Banks saddled with bad loans risk being left behind by nimbler upstarts and Big Tech in the rapidly evolving fintech race, the European Union’s…

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Crypto News 

Sharp Increase in Misinformation Puts Cryptocurrency…

“Do you think that banks and other financial institutions are pushing misinformation on purpose or by accident?” writes Jp Buntinx for livebitcoinnews.com. Perhaps the biggest contributing factor to misinformation is the perceived bias by financial institutions.When it comes to cryptocurrency, it appears there is plenty of misinformation to be wary of.Conducting research into cryptocurrency requires finding the correct information pertaining to specific aspects.Without a consensus based on accurate data, cryptocurrency will remain at the mercy of fickle institutions that have no real understanding of the ecosystem. Source: livebitcoinnews.com Share This:

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Crypto News 

Spanish regulators, financial institutions collaborate on blockchain project

“It has been proven that the use of blockchain technology can improve efficiency in terms of time and resources, as well as increase the security and traceability of processes” reports financefeeds.com. Nonetheless, it appears that the resilience of a financial market infrastructure against external attacks could be increased by the use of blockchain technology, but this happens at the expense of capacity and efficiency.The tests have shown that blockchain is not capable to respond to the needs of financial markets infrastructure.Other regulators, however, have remained cautious about the potential of…

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Crypto News 

eToro is setting up a crypto trading desk for hedge funds and banks

“The cryptocurrency market crashed from a peak of over $800 billion in December to around $280 billion today, but institutional interest has persisted” writes Oscar Williams-grut for businessinsider.com. Assia said institutional interest in the space was still at an early stage.We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”. LONDON — Social trading platform eToro is setting up a new over-the-counter (OTC) trading desk in London for cryptocurrencies amid growing interest…

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