Breaking News

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 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…

Don’t Blink, The Markets Are Changing Right In Front of Your Eyes Standard

Eighteen Years Later, Another Inflection Point Eighteen years after the start of this newsletter, the markets and its participants face new challenges that make reading JLN today even more important, relevant and necessary to keep abreast of the latest disruptive challenges. Today we find ourselves at an inflection point in the markets, with a new generation of digital natives discovering whole new opportunities in the markets, billions of dollars pouring into potentially disintermediating fintech and intense global interest in all things fintech and crypto. Back in 2000, when this newsletter was first published, the markets were facing the move from…

As SEC Subpoenas to Tech Companies in Digital Tokens Market Increase, What Issuers Need to Know Standard

  The Securities and Exchange Commission (“SEC”) reportedly has revved up its focus and issued a significant number of subpoenas targeting technology companies in the digital token space, following on earlier pronouncements from the agency that it would expand its focus on ICOs and cryptocurrencies. The subpoena process is one of the primary weapons in the SEC’s enforcement arsenal, and ICO issuers will need to understand what they can expect over the next few weeks.  What is a subpoena? A subpoena is a formal request from the SEC staff for documents or testimony, which can be enforced with a court…

CryptoCon 2018 – Impressions Standard

You practically can’t walk down the street these days without bumping into a conference, seminar, or MeetUp about blockchain and cryptocurrencies as the bitcoin fever of 2017 has metastasized into a cottage industry bent on “figuring it out.” If the results from last week’s FinTank CryptoCon are any indication, the crypto industry is further along than you thought but still very much in its early stages. Aside from its name, which has to make any branding expert cringe, CryptoCon was excellent in terms of the quality of the speakers and breadth of material covered, not to mention strict adherence to…

ICO Rules and Regs: Initial Coin Offerings Under Regulatory Spotlight Standard

So you want to launch an initial coin offering? Better buckle up and lawyer up. At the FinTank CryptoCon event in Chicago on Thursday, two attorneys addressed the complexity and pitfalls that come with launching an ICO. Barbara Jones, an attorney with GreenbergTrauig, said there continues to be some ambiguity over regulation of ICOs. SEC Chairman Jay Clayton has said numerous times that he has not seen a token from an ICO that is not a security. Meanwhile, Commodity Futures Trading Commission Chairman Chris Giancarlo is considering tokens as commodities, and has said the commission will pursue any cases involving…