🗞 Daily Crypto News, March, 7th💰
- CFTC Chair: Blockchain Could Have Transformed Regulators Real-Time Response to 2008 Crash ;
- Binance’s Crypto BNB No Longer Tracks Bitcoin – And That’s a Big Deal ;
- Ripple CEO Brad Garlinghouse on JPM Coin: Other Banks Won’t Use It ;
- Swiss Stock Exchange SIX to Use R3 Corda Enterprise for Blockchain-Based Trading Platform ;
- SWIFT Puts Forward Proof Of Concept For Blockchain E-Voting ;
- 📑 Daily Crypto Calendar, March, 7th💰
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
🗞 CFTC Chair: Blockchain Could Have Transformed Regulators Real-Time Response to 2008 Crash
Christopher Giancarlo, chairman of the United States Commodity Futures Trading Commission (СFTC), has said that blockchain would have transformed regulators’ real-time responses to the the 2008 global financial crash, if it had been in use at the time. Giancarlo made his remarks during the 4th Annual DC Blockchain Summit in Washington D.C. on March 6.
In his speech, Giancarlo drew on his personal experience as executive vice president at brokerage giant GFI Group — which, in 2008, as he noted, operated one of the world’s largest trading platforms for credit default swaps (CDS), “then the epicenter of systemic risk.” He recalled the panic and disorder on the GFI broker floor, as the global credit crisis cascaded out of control:
“I remember a call from a U.S. bank regulator asking about CDS trading exposure of several major banks, including Lehman Brothers. In fact, trading conditions were deteriorating by the hour. It was clear that the regulator had little means, short of telephone calls, to read all the danger signals that the CDS markets were broadcasting.”
🗞 Binance’s Crypto BNB No Longer Tracks Bitcoin – And That’s a Big Deal
Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets.
While the reasons that most cryptocurrencies are highly correlated to bitcoin are not definitive, studies have shown this dependency on bitcoin’s trend has only grown stronger with time. Yet, BNB is proving different.
🗞 Ripple CEO Brad Garlinghouse on JPM Coin: Other Banks Won’t Use It
Brad Garlinghouse, the CEO of San Francisco blockchain startup Ripple, gave JP Morgan Chase qualified praise Wednesday for creating its own stablecoin, before dismissing the product’s likelihood of adoption by other banks and questioning its usefulness.
During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JP Morgan “leaning in.”
But, he quickly added:
“That’s the only nice thing I’m going to say about this.”
🗞 Swiss Stock Exchange SIX to Use R3 Corda Enterprise for Blockchain-Based Trading Platform
Switzerland's principal stock exchange, SIX Swiss Exchange, has chosen to use blockchain consortium R3’s Corda Enterprise platform for its forthcoming blockchain-powered digital exchange. The news was revealed during the R3-hosted Corda Day event in Singapore on March 6.
The SIX Swiss Exchange sees roughly 4.62 billion Swiss Francs (CHF) (~$4.6 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). As Cointelegraph reported in July 2018, SIX previously unveiled its plans to launch a digital asset ecosystem, dubbed Six Digital Exchange (SDX).
🗞 SWIFT Puts Forward Proof Of Concept For Blockchain E-Voting
On March 5, financial messaging service SWIFT announced the launch of a <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
">blockchain e-voting proof of concept (PoC). Participants in the PoC experiment include the Singapore Exchange (SGX), Deutsche Bank, Standard Chartered Bank, DBS Bank, and HSBC Bank.
SWIFT, in conjunction with software securities firm SLIB, will conduct the trial during the first half of this year in the Asia-Pacific region. The experiment will determine whether blockchain technology can "simplify the currently inefficient management of shareholder meetings and the associated voting processes..." According to SWIFT, its paper-based voting process takes an inordinate amount of time and resources, is too complex, and often leads to errors, particularly when it comes to proxy voting.
📑 Daily Crypto Calendar, March, 7th💰
Product 2 of DarkWeb Ecosystem info release.
"We will be undergoing a scheduled network upgrade fork at block height 195,765, which will take place at approximately 10:00 UTC...."
BitPanda Listing
CM Robot AI Full Launch
"Once the countdown ends, everyone will be able to buy their PolisPay card. We will also reveal the PolisPay roadmap, and have a Q&A ..."
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The UP continued today and we are more and more close of the previous TOP. I traced for you a new resistance line in blue which has been created by the 2 previous TOP. As I explained you yesterday, this line has to be broken to start really a new UP trend on the STEEM. Let's see if we will be able to break it soon, a UP Break Out on the BTC would for sure help us to break that line. As always, we have to wait the master.
Last Updates
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- 🗞 Daily Crypto News, March, 5th💰
- 🗞 Daily Crypto News, March, 4th💰
- 🗞 Daily Crypto News, March, 3rd💰
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Posted from my blog with SteemPress : https://scrips.io/blog/mr-cryptolemon/%f0%9f%97%9e-daily-crypto-news-march-6th%f0%9f%92%b0/
Posted from my blog with SteemPress : https://scrips.io/blog/mr-cryptolemon/%f0%9f%97%9e-daily-crypto-news-march-7th%f0%9f%92%b0/