Collateral collaboration

Blockchain security collateral, Chinese bitcoin margin trading, Proof of Stake, Nigeria warning, Coinbase co-founder to leave View this email in your browser January 19th, 2017 "What you get by achieving your goals is not as important as what you become by achieving your goals." – Zig Ziglar Got this from a friend? SUBSCRIBE HERE Securities trading could be poised to get a blockchain-based makeover. A group of central securities depositories (CSD) from Canada, Norway and South Africa, as well as international CSD Clearstream, are collaborating with stock exchange company Deutsche Börse on the development of a blockchain-based platform to improve collateral management. The project, dubbed the "LA Ledger", aims to make it easier to manage the security deposits needed for the trading of equities, bonds and derivatives by simplifying and accelerating the electronic transfer of ownership across borders. Given the increasing role of collateral in a regulation-heavy financial environment, making this crucial step work more efficiently could be a significant boon to market liquidity. What's more, the four are members of the Liquidity Alliance, an association created in 2013 to increase collaboration between CSDs. While the project at this early stage is limited to the five initiators, this could help the application, if successful, to scale considerably.     Read the whole story Tweet Share Who will be at CONSTRUCT?  21, Abra, ANX, Blockseer, Blockstack, Blockstream, Bloq, Chain, Ciphrex, Civic, Coinbase, Consensys, CME Group, Deloitte, Digital Asset, Digital Currency Group, DTCC, Ethereum Foundation, EY, Gem, Groupon, FDIC, Fidelity, IBM, IDEO, Intel, Intuit, IPFS, Lightning, Loyyal, MIT Media Lab, Netki, Overstock, R3, Ripple, Scotiabank, tØ, Vanguard, Zcash, and more. Come and join us January 30-31 in San Francisco, USA, for two intense days of panels, workshops, demos and beers. 😎 APPLY TO ATTEND 😎 Wait, there's more: Where's Casper? Inside Ethereum's Race to Reinvent its Blockchain Ethereum's work to incorporate proof-of-stake (PoS) is progressing slowly but surely. Incentive and security issues are proving to be tough problems to solve, and ethereum's planned switch to Casper, its proprietary PoS system, could end up delayed beyond the initial forecast of end-2017. Read more. Questions Linger As China's Exchanges Halt Margin Trading Huobi and OKCoin, two of the world's largest bitcoin exchanges by volume, have formally announced they have halted margin trading services. This follows reports that the People's Bank of China (PBoC) had asked the exchanges to stop. Exchange representatives explained to CoinDesk that the PBoC has yet to clarify the regulation, and that margin trading has not yet been declared "illegal". Read more. China's Central Bank Finds Bitcoin Exchanges Out of Step With Regulation The People's Bank of China has released the results of its recent inspection of bitcoin trading platforms, according to local reports. It apparently found irregularities in the operations of BTCC, Huobi and OKCoin, and claims that the exchanges were not complying with anti-money laundering rules. Read more.   Fed Chair Yellen: Blockchain is an 'Important Technology' When asked if the Federal Reserve would use blockchain technology for its own purposes, Chairwoman Janet Yellen confirmed that they were looking at the tech, which she said could have a significant impact on the global economy. Read more. Coinbase Co-Founder Fred Ehrsam is Leaving the Company He will continue to hold a position on the board of the San Francisco-based cryptocurrency exchange, but will step back from daily duties at the end of January, take some time off, and potentially start a new venture. Read more. Nigeria: Banks That Handle Bitcoin Do So 'At Their Own Risk' The Central Bank of Nigeria has warned banks to avoid cryptocurrencies, asking them to make sure that any customers which operate digital currency exchanges comply with AML/KYC rules. Read more.    Hyperledger Adds 'Cello' Blockchain Deployment Tool  The project was developed as a toolkit for deploying blockchains, and aims to support other Hyperledger projects. Read more. Washington Lawmakers Are Trying to Keep Bitcoin Out of Pot Shops A new bill filed in the Washington State Senate wants to prohibit local marijuana businesses from using or accepting payments in digital currencies. Read more. HSBC Taps Former Ripple CEO for Tech Advisory Board Chris Larsen will join the bank's new technology advisory board to offer guidance"on a range of issues, including potential applications of blockchain tech. Read more.   Go to CoinDesk BTC: $892.92 +3.4%  ETH: $10.26 +2.4% @10:00 EST - More price details PRESS RELEASES   18, Jan - Press Release: Gospel Technology launches its Enterprise Trust Fabric 06, Jan - Press Release: UNICEF, UK Home Office and BTCC to speak at London Blockchain Week 2017 05, Jan - Press Release: Introducing World's First Bitcoin Marketplace for Digital Goods Hi there! I have two quick questions: what time of day do you read this email? And, when would you like to receive it? If you could hit "Reply" and let us know, we'd appreciate it. (A huge thanks to those of you who answered yesterday! 😊) Share Tweet Copyright © 2017 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list