Crypto Futures Markets News 

JPMorgan Chase Analysts Say Prolonged Crypto Bear Market Is Scaring Off Institutions

“Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18” writes Helen Partz for cointelegraph.com. They purportedly claim that in the past month the index reached its “lowest levels” since the launch of Bitcoin futures trading on Dec. 10, 2017.Moreover, JPMorgan reportedly stated that the average transaction size in the crypto market has dropped to lower than $160, opposed to about $5,000 one year ago.The experts reportedly noted the decreasing index of open interest (OI)…

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Switzerland’s FINMA urges supervised institutions to address challenges of LIBOR replacement

“FINMA recommends that the supervised institutions address the challenges of a potential replacement of LIBOR in due course” reports financefeeds.com. The alternative reference rates proposed in the context of national efforts are based solely on overnight rates, for example.In this context, proper valuation, pricing and adequate risk management with regard to alternative reference rates are seen as key.But a transition of this kind requires that the alternative reference rates are based on a sufficient trading volume. Source: financefeeds.com Share This:

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As America retreats, China moves to create a new world order

“These included the United Nations, World Bank, International Monetary Fund, Marshall Plan and trade-liberalizing rounds that culminated in the World Trade Organization” writes Special To The for seattletimes.com. Addressing this requires strengthening existing multilateral institutions, patient pushing-back against Chinese bad actions and broadening world trade.Behind the tit-for-tat trade fight between Washington and Beijing, China is staking out an ambitious global agenda.Indeed, Chinese President Xi Jinping has held China up as a protector of the world order in the face of new American isolationism. Source: seattletimes.com Share This:

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Crypto News Platforms 

Four International Banks Complete Commercial Paper Transaction on R3’s Corda Platform

“A group of international banks in partnership with enterprise blockchain software firm R3 have completed a live commercial paper transaction based on blockchain platform Corda, Finextra reported Dec. 6” writes Ana Alexandre for cointelegraph.com. The two parties successfully conducted a proof-of-concept for the platform based on R3’s Corda Connect. The new offerings will purportely improve Islamic financial institutions’ liquidity management and increase overall efficiency.Yesterday, Cointelegraph reported that Brazil’s largest private bank partnered with United Kingdom bank Standard Chartered to create a blockchain-based platform for small loans.Financial institutions around the world…

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Crypto News 

R3 Puts Blockchain KYC Tool To The Test With French Treasurers

“According to reports, the companies participating in the testing operate in a range of industries, including financial services, automotive, retail and more” reports pymnts.com. R3’s technology is powered by its Corda blockchain technology, with a prototype developed by Synechron, allowing companies to manage their KYC processes in a streamlined, secure platform.For financial institutions, (FIs) the solution lets firms request data from their clients and enables FIs to grant or deny access to data stored on the platform. Source: pymnts.com Share This:

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Crypto News 

Austria to Develop Blockchain Center in Vienna

“It will consist of 21 scientific institutions, 54 companies, 17 associated participants, and 16 international institutions and companies” writes Nikita Blows for livebitcoinnews.com. In addition, the center will focus on researching technology including the Internet of Things (IoT) as well as blockchain application in different sectors such as energy and logistics. Source: livebitcoinnews.com Share This:

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Money smuggled from Africa

“Therefore, international institutions should review the frameworks of combating money laundering and the financing of terrorism and adding laws and mechanisms which will reduce the continuity of contraband money, whether transferred through banks or across borders” writes Zakaria Salah El for dailynewsegypt.com. These funds, if transferred through banks or smuggled across borders, despite having some benefits to the countries smuggled to, in countries of weak governance systems and the spread of corruption, may lead to high inflation rates.The desire to legitimise such money is done through excessive pricing of goods,…

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Crypto News 

Ripple Partners with Leading Malaysian Bank on Cross-Border Payments

“Leading Malaysian bank has partnered up with technology company Ripple to use its xCurrent technology in settling cross-border transactions” writes Joshua Morris for livebitcoinnews.com. What do you think of the increasing number of financial institutions using Ripple’s technology?. CIMB Group Holdings, a leading Malaysian bank with over 1,000 branches across the region of Southeast Asia, has partnered up with technology firm Ripple.In October, multinational commercial bank and financial services company Banco Santander said that it will be using RippleNet to settle the payments carried out through its OnePay FX platform.According…

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UNEP FI selects AIIB’s Abdel Kader to promote Principles For Responsible Banking in MENA

“Dalia Abdel Kader, director of Marketing and Communications Arab African International Bank (AIIB), has been selected by the UNEP Finance Initiative (UNEP FI) as a representative in the Middle East to promote Principles for Responsible Banking to sensitize financial institutions and stakeholders, and to motivate them to support and abide by those principles” writes Daily News Egypt for dailynewsegypt.com. The principles are set to be presented to financial institutions around the world at the UNEP FI’s biennial Global Roundtable in November in Paris. Source: dailynewsegypt.com Share This:

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