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Category Archives: Fintech

A roundup of today’s market tech news and a look at tomorrow’s disruptors

Crypto Markets News from John Lothian News – May 11, 2018 Standard

crypto markets update 2

Cryptocurrency Exchange Upbit Raided by Korean Authorities Shinhye Kang and Heejin Kim – Bloomberg South Korean prosecutors raided the offices of Upbit, one of the world’s largest cryptocurrency exchanges. Authorities searched the exchange’s offices on Thursday and Friday, according to an official from the Seoul Southern District Prosecutors’ Office, who asked not to be identified citing office policy. She declined to provide further details of the raid, which was first reported by the Korea Economic Daily. https://jlne.ws/2wxuItJ Cryptocurrency Trading Platform Launches First Regulated Ethereum Futures Michael del Castillo – Forbes So, you think Ethereum is a crock? Later today you’ll…

Chicago Venture Capital Firms Are Funding Fintech Standard

Chicago may not be doing as well as some other cities in certain areas, but it is leading the charge in technological innovation in the financial world and in the crypto world. Several Chicago-based venture capital companies took part in a panel on financial innovation moderated by Chuck Mackie, consultant at Maven Wave Partners and contributing editor to John Lothian News, at The Trading Show Chicago on Thursday. DRW works with companies on development in the later stages. Its Digital Asset Holdings venture, headed by Blythe Masters, is building a database to speed up trading, clearing and settlement using blockchain…

CQG Creates a Chief of Staff Position; Names Alli Brennan to Role Standard

CQG has created a new position to help execute their strategic business plan. The position is chief of staff, and for that position they selected Alli Brennan. She started in that role on May 1. Brennan’s rise at CQG is a product of her strong leadership skills, industry understanding and a knack for integrating data into the decision making process. She is not a seat of the pants manager, but a data driven change agent who understands the markets and the industry. “Alli will be responsible for the execution for our strategic business initiatives and to help align everyone around…

Crypto Markets News from John Lothian News – May 7, 2018 Standard

Ripple Hit With Class-Action Suit Over ‘Never Ending ICO’ Lily Katz – Bloomberg Plaintiff alleges Ripple sold unregistered securities; Startup created XRP tokens ‘out of thin air,’ complaint says Ripple Labs Inc., the fintech startup that controls the world’s third-largest cryptocurrency, was hit by a lawsuit alleging that it led a scheme to raise hundreds of millions of dollars through unregistered sales of its XRP tokens. https://jlne.ws/2jCnRpE Will the Real Bitcoin Please Stand Up? Jen Wieczner – Fortune The great Bitcoin fork of 2017—when the original blockchain split last August to create Bitcoin Cash—appears to have ended pleasantly, at least…

Crypto Markets News from John Lothian News – May 2, 2018 Standard

Crypto Startups Hand Out Digital Coins for Free Amid Scrutiny Olga Kharif – Bloomberg Startups are giving away crypto tokens to help boost profiles; Free coins usually don’t provide any ownership in enterprise When Michael Terpin peered inside his cryptocurrency wallet recently, he found several new coins — ones that he didn’t buy. https://jlne.ws/2jkOdwl Kraft Heinz Issues ‘Bacoins’ in Spite of Buffett’s Distaste for Crypto Olga Kharif – Bloomberg Warren Buffett has said cryptocurrencies such as Bitcoin will come to a “bad ending.” He probably wasn’t referring to cholesterol. https://jlne.ws/2jluFb2 Wall Street veteran and CEO of Japanese online broker says…

Innovation in Distributed Markets Comes to Navy Pier Standard

The Chicago Blockchain Center and BTCMedia brought Distributed Markets to Chicago’s Navy Pier on Monday and a sizable audience was treated to myriad examples of how far cryptoassets have come and how many dynamic and potentially revolutionary efforts are happening right now. While there are still many cases of “innovation theater” and “pilot purgatory” (terms lifted from event panelists) as well as the fundamental question as to whether or not individual cryptocurrencies are worth their valuations, there are just as many serious commercial success stories, intriguing use cases, and promising paths forward to validate the hype. This was demonstrated right…

More Questions Than Answers For A Potential CryptoMarketsWiki ICO Standard

In the announcement of CryptoMarketsWiki last week, I mentioned that the project would explore the initial coin offering process from an editorial and strategic perspective. If our due diligence works out, we may go ahead and conduct an ICO and use the token in our business operations. But there are lots of questions to answer before we get there. In fact, there are lots of questions we don’t even know yet, let alone know the answers. However, if we are going to build the central knowledge base for the cryptomarkets world, having real life experience with the product would be…

Potential CME-NEX Deal Is Full of History, Dilemma, Risk and Reward Standard

For many years, the Chicago Board of Trade had cash treasuries envy, wanting to add the trading of cash treasury bonds and notes to its offerings. For many years, the CME has had cash currency trading envy. Both exchanges, now part of the CME Group, have tried to compete in cash Treasury and FX through various collaborations and initiatives. None of them succeeded. Chicago Board Brokerage and FXMarketSpace are long gone, but the desire to add treasuries and cash FX trading has never disappeared. Now, if CME Group’s confirmed interest in NEX Group becomes a deal, it can add both…

Bitcoin and Blockchain: A WILD Opportunity Standard

Bitcoin is not at the dizzying high it was back in December, but interest in cryptocurrencies and blockchain is still strong. The world of crypto and distributed ledger technology keeps expanding, with CME and Cboe now trading bitcoin futures, companies getting into initial coin offerings, cryptocurrency meetups forming, and the list of cryptocurrencies getting longer every week. Women In Listed Derivatives (WILD) and Morgan Lewis jointly hosted a panel on the future of blockchain and cryptocurrencies Tuesday evening to a packed house. The main takeaway on cryptocurrency from the panel was that, although crypto is a new and very speculative…