The OCC’s new banking risks report mentions “virtual currency” twice.
In context, the risks the report identifies are not as dire as they might seem at first blush.
The first mention is: Banks and other businesses continue to receive extortion demands to be paid in virtual currency in exchange for preventing or stopping distributed denial of service attacks...
A new NYSE-traded Bitcoin ETF is about to give the Winklevoss Bitcoin Trust a run for its money.
The just-announced SolidX Bitcoin Trust, which is backed by New York Mellon Bank, has secured insurance for loss or theft of its bitcoins while the Wiknlevoss trust would be uninsured.
It’s called the SolidX Bitcoin Trust and its S–1 was filed with the SEC today. The most interesting contrast between the two proposed funds is what happens if their bitcoins...
Coverage of the EU’s new digital currency AML rules missed the most interesting bit.
While there was plenty of reporting this week about the fact that the European Commission proposed new EU-wide rules with somewhat stricter requirements than have been applied to date, the fact that these rules would only be applicable to exchanges and custodial wallet providers went largely unremarked.
While there was plenty of reporting this week about the fact that the European Commission proposed new EU-wide rules with somewhat stricter requirements than have been applied to date, the...
DTCC backs Coin Center, Mark Wetjen joins our advisory board
The Depository Trust & Clearing Corporation, the premier post-trade market infrastructure for the global financial services industry, has become of a supporter of Coin Center.
Today I’m happy to announce that the Depository Trust & Clearing Corporation, the market leader in financial clearing and settlement services, has become of a supporter of Coin Center, and...
Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies
Jerry Brito Testifies Before the Senate Committee on Homeland Security and Governmental Affairs on Bitcoin
Benefits and Risks of Bitcoin for Small Businesses
Testimony Before the House Committee on Small Business. A copy of this testimony is available here.
U.S. CFTC Global Markets Advisory Committee
Jerry Brito discusses cryptocurrencies and the technology's implication for derivatives in global markets. A copy of his remarks are available here.
Disrupter Series: Digital Currency and Block Chain Technology
Testimony before US House Subcommittee on Commerce, Manufacturing and Trade. Jerry Brito along with other experts and industry leaders were invited to give an overview of Bitcoin technology and answer questions...
Hillary Clinton’s new tech agenda mentions blockchains.
The extent of the mention in the factsheet on her "Tech & Innovation Agenda" is this: We must position American innovators to lead the world in the next generation of...
Let’s take a deep breath on the FSOC report’s ‘warning on Bitcoin’
Neither Bitcoin nor digital currencies are the subject of the warnings. As the authors say, their concern is “migration” of existing financial systems to distributed ledgers.
The Financial Stability Oversight Council yesterday released its annual report and in it noted “distributed ledger technology” in its discussion of “potential emerging threats and vulnerabilities” to the U.S. financial system. The...