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Tokenization to play a greater role in the future of financial markets - Federal Reserve Board
Tokenization has become the latest buzzword in discussions about cryptocurrencies as the concept of making it so that assets of all forms can be recorded and tracked on a blockchain is one of the most applicable use cases for distributed ledger technology. The growing prominence of tokenization has prompted regulators and governments around the world to explore the topic further so they can provide guidance to the public on the benefits and dangers posed by the process. This includes the U.S. Federal Reserve Board, which released a discussion paper on the topic in early August. According to the paper’s authors, ... (full story)
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- From bnnbloomberg.ca|Oct 3, 2023
The Securities and Exchange Commission doubled down on accusations against Coinbase Global Inc., raising the stakes further in its case against the biggest US crypto exchange. The ...
- From @tier10k|Oct 3, 2023
post: [DB] Judge Rejects SEC Motion to Appeal Ripple RulingSEC vs Ripple Full Order Plaintiff, the Securities and Exchange Commission (the “SEC”), brings this action against Defendants Ripple Labs, Inc. (“Ripple”) and two of its senior leaders, Bradley Garlinghouse and Christian A. Larsen, alleging that Defendants engaged in the unlawful offer and sale of securities in violation of Section 5 of the Securities Act of 1933 (the “Securities Act”), 15 U.S.C. §§ 77e(a), (c). Am. Compl. 9, 430–35, ECF No. 46. The SEC also alleges that Larsen and Garlinghouse aided and abetted Ripple’s Section 5 violations. Id. 9, 436–40. On July 13, 2023, the Court granted in part and denied in part the parties’ cross-motions for summary judgment (the “Order”). Order, ECF No. 874; see SEC v. Ripple Labs, Inc., No. 20 Civ. 10832, 2023 WL 4507900 (S.D.N.Y. July 13, 2023). The SEC now moves to certify for interlocutory appeal two holdings in the Order. ECF No. 892; SEC Mem. at 1, ECF No. 893. For the reasons stated below, the SEC’s motion for certification of the interlocutory appeal is DENIED.
- From kitco.com|Oct 3, 2023
Cryptocurrency prices trended lower for a second day on Tuesday as U.S. Treasury yields continued to climb, with the 10-year note hitting a 16-year high of 4.81% in the afternoon, ...
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- From advisor.visualcapitalist.com|Oct 3, 2023
For much of the last year, recession fears have been building against a sharp rise in interest rates and market uncertainty. Only recently has there been a shift in sentiment. ...
- From rbnz.govt.nz|Oct 3, 2023
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50% Interest rates are constraining economic activity and reducing inflationary pressure as required. Demand growth in the economy continues to ease. While GDP growth in the June quarter was stronger than anticipated, the growth outlook remains subdued. With monetary conditions remaining restrictive, spending growth is expected to decline further. Globally, economic growth remains below trend and headline inflation has eased for most of our trading partners. Core inflation has also eased, but to a lesser extent. Weakening global demand is putting downward pressure on New Zealand export volumes and prices. Apart from oil, global import prices have eased. While the imbalance between supply and demand continues to moderate in the New Zealand economy, a prolonged period of subdued activity is required to reduce inflationary pressure. There is a near-term risk that activity and inflation do not slow as much as needed. Over the medium term, a greater slowdown in global economic demand, particularly in China, could weigh more on commodity prices and New Zealand export revenue. The Committee agreed that the OCR needs to stay at a restrictive level to ensure that annual consumer price inflation returns to the 1 to 3% target range and to support maximum sustainable employment. post: RBNZ: NEAR-TERM RISK THAT ACTIVITY AND INFLATION DO NOT SLOW AS MUCH AS NEEDED #News #Markets #RBNZ #INFLATION #live post: RBNZ: INTEREST RATES ARE CONSTRAINING ECONOMIC ACTIVITY AND REDUCING INFLATIONARY PRESSURE AS REQUIRED post: RBNZ MINUTES: COMMITTEE NOTED INFLATION IS STILL EXPECTED TO DECLINE TO WITHIN THE TARGET BAND BY THE SECOND HALF OF 2024 #News #Markets #RBNZ #INFLATION #live post: RBNZ MINUTES : RECENT INDICATORS SHOW THAT EMPLOYMENT INTENTIONS ARE FLAT AND DIFFICULTY IN FINDING LABOUR HAS REDUCED
- From finbold.com|Oct 3, 2023
During the last week of April, the number of pending transactions on the Bitcoin (BTC) network started to surge, reaching a peak in May, followed by very expensive transaction ...
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- Posted: Oct 3, 2023 7:57pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 274