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IMF Proposes Framework to Assess Crypto Asset Risks
The International Monetary Fund (IMF) has released a working paper that delves into the macrofinancial risks tied to crypto assets. The paper, part of the IMF's Working Papers series, proposes a framework aimed at aiding policymakers and regulatory authorities in understanding and tracking systemic risks from the crypto sector. This framework is crucial as traditional financial tools are not well-suited for assessing crypto-related risks.
Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
The Libra Association appointed Sterling Daines as its new Chief Compliance Officer, who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing Director and Deputy Head of Financial Crime Compliance at Goldman Sachs and has worked as a consultant to the US Department of Justice and the Financial Crimes Enforcement Network (FinCEN).
Chainalysis Valued at Over $1 Billion after Raising $100 Million to Expand Regulatory Platform As Crypto Market Surges
Blockchain analytics firm, Chainalysis, announced yesterday that it has secured a $100 million Series C financing bringing the company’s valuation to over $1 billion.
Leading Asian Fintech Company WeLab Completes the Largest Ever Fintech Fundraising in China
Leading fintech company, WeLab announced on Dec. 12 that it has raised US$156 million in Series C of strategic financing, becoming the largest fintech fundraising in China so far. WeLab was one of the first virtual banks established in Hong Kong, after receiving a virtual banking license from Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA) in April 2019.
Liquid Network: The Platform for the Fastest Bitcoin Transactions?
Samson Mow is an entrepreneur and marketing strategist who is currently serving as the Chief Strategy Officer at Blockstream. In Part 2 of the interview, Samson unmasked the power behind Liquid Network, how Liquid transactions work and c-lightning on Liquid. He also shared the latest initiatives of Blockstream and his personal take of Bitcoin in 2020.
Blockchain Enhances Traceability of Organic Cotton from Farm to Consumer
Fashion for Good, PVH Corp, C&A Foundation & Organic Cotton Accelerator, Bext 360, and Zalando have successfully collaborated on a blockchain pilot project that traces organic cotton from farm to consumer.
Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run
Blockchain investment dropped 60% from a record 4.1 billion in 2018 to 1.6 billion this year, according to the findings of CB Insights reported on Bloomberg 18 July.
Authentication of Medicinal Products Made Possible by Blockchain Technology
Kadena, a blockchain network, has partnered with Rymedi, a healthcare data platform provider, to validate the quality of medicinal products via blockchain.
Ripple Sued by One of Its Major Investors Demanding The Blockchain Firm Reclaim Its Stock
Things look grim for Ripple as Tetragon, a former investor in the company, has turned against it, filing a complaint against the fintech firm.
Ripple Blasted by Investor Tetragon for Playing “Word Games” in $175M Stock Buyback Lawsuit
Along with the heat Ripple is currently facing from the Securities and Exchange Commission, one of its leading investors has also turned against it.
Ripple Handed a Temporary Restraining Order Limiting XRP Sales until Investor Tetragon Has Sold Back Its Shares
After a court ruling, a temporary restraining order has been issued against Ripple limiting its XRP sales.