Corporate Cash Holdings Soar, Says New Carfang Group Study Corporations in the U.S. added $1.1 trillion or 38.5% to their cash holdings in the first half of 2020 according to recent data Federal Reserve data analyzed by The Carfang Group. For the second quarter, cash is up $424B or 12% and now stands at $3.9T. According to Anthony J. Carfang, Managing Director at The … [Read more...] about Chicago FinTech News – Corporate Cash Surges
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Chicago FinTech News – Blockchain Innovations
BondEvalue and Northern Trust Complete World’s First Blockchain-based Bond Trade Northern Trust and partner BondEvalue completed the first trade of a fractionalized blockchain-based bond in Singapore this month. Northern Trust is providing securities services for the wholesale bonds. In what is believed to be a first for the industry, Northern Trust built the capability to … [Read more...] about Chicago FinTech News – Blockchain Innovations
Could the Crypto Market Protect Against a New Global Recession?
Note: Since this was published, the repo markets have not improved; the Fed supplied another $205 billion to the market on October 18. See James Bianco's LinkedIn post for more at: http://bit.ly/35MM8QJ The Federal Reserve has extended its recent interventions into the securities repurchase, or “repo” market, into November. It’s the first time that the Fed’s intervened in … [Read more...] about Could the Crypto Market Protect Against a New Global Recession?
New Bitcoin Offerings and Volatility Reflect Challenges and Promise For Cryptocurrency
The Intercontinental Exchange (ICE) launched its physically-settled bitcoin futures trading platform, Bakkt, on September 23. The Chicago Mercantile Exchange (CME) has been doing futures trading in bitcoin for even longer -- since 2017 -- and is now making plans to expand that platform by early next year with a bitcoin options contract. It's a market with promise, but one … [Read more...] about New Bitcoin Offerings and Volatility Reflect Challenges and Promise For Cryptocurrency
Financial Stability and Investment in the Age of Bitcoin and Blockchain Technologies
An international body that monitors the global financial system suggests that decentralized financial technologies may not be all bad. The Financial Stability Board (FSB) published a report on the regulatory and governance implications of decentralized financial technologies, suggesting that "the application of decentralised financial technologies may reduce some of the … [Read more...] about Financial Stability and Investment in the Age of Bitcoin and Blockchain Technologies
New SEC Framework Charts a Narrow Way Forward for Token Developers
Are Initial Coin offerings (ICOs) legal? It's hard to know, with a number of vague hints - and enforcement actions - suggesting that the SEC largely views the answer to be no. And while the market is still well ahead of formal regulatory policy, some hints have finally been offered in a recently-issued "Framework for 'Investment Contract' Analysis of Digital Assets." What … [Read more...] about New SEC Framework Charts a Narrow Way Forward for Token Developers