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🍂 🍂 November 22, 2017 🍂 🍂

"The policy of being too cautious is the greatest risk of all."
– Jawaharlal Nehru

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THE FEATURE

Italian Bank Intesa Sanpaolo Explores Ethereum Derivatives


Banks, it seems, are strangers in public blockchain no more.

Once confined to private networks, tests and trials are now being conducted with an increasing complexity using cryptocurrencies. As profiled by CoinDesk, two explorations of such applications in the securities market moved ahead today.

In one, a bond, denominated in cryptocurrency, was used to secure short-term capital. In the second, a wider exploration was taken of how derivatives could change incumbent business models should they succeed in migrating to a blockchain.

A notable selection of players, from incumbents Intesa Sanpaolo and JP Morgan, to startups Nivaura and Oraclize, were involved.

Sure, maybe it's not a $10,000 bitcoin price prediction, but together, the announcements mark a notable maturation and highlight the increasing melding of blockchain sectors.

Are we yet in Oz? Maybe not. But with increasing consideration and design sophistication, blockchain trials aren't in Kansas anymore.
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Wait, there's more:

Central Bank of Malaysia Plans Cryptocurrency Reporting Rules
The governor of Malaysia's central bank has provided more detail on upcoming regulations aimed to counter the illicit uses of cryptocurrencies.

What's Next for Bitcoin Cash? Stopping Users From Losing Funds
Bitcoin cash may be vying for the top spot in bitcoin software, but it's still working to correct fundamental usability problems.

Mike Novogratz Doubles Down on $10,000 Bitcoin
Billionaire Mike Novogratz has restated his belief that bitcoin will end the year at $10,000, while ethereum could hit $500.

Two-Week Rally Pushes Monero to New Record High
Following a two-month period in the doldrums, the price of the privacy-focused cryptocurrency monero has climbed to a new all-time high of over $155.

Philippine Regulators Eye New Rules for Bitcoin Exchanges and ICOs
Philippine regulators are eyeing new rules for cryptocurrency exchanges and initial coin offerings (ICOs), according to officials.

Who Needs a CSD? Nivaura to Issue First Regulated Ether Bond
Blockchain startup Nivaura will today initiate its first bond denominated in ether. And, notably, the issuance will be conducted on a blockchain.

Italian Bank Intesa Sanpaolo Explores Ethereum Derivatives
One of Italy's largest banks is re-imagining what the $1.2 quadrillion derivatives market would look like on a public blockchain.

Survey: CFOs Think Bitcoin Is 'Real' But Are Divided on Price
A group of CFOs polled by CNBC are split on whether bitcoin is a bubble, according to newly published results.

Enabling or Crippling? The Risks of State-by-State Blockchain Laws
A hodgepodge of state laws intended to sanction blockchain technology could end up making nationwide solutions commercially impracticable.

BitLicense Architect Ben Lawsky Joins Ripple Board
Ben Lawsky, the former New York Superintendent of Financial Services who spearheaded the BitLicense regulatory framework while in office, has joined startup Ripple's board of directors.

New Code Released for Vlad Zamfir's Ethereum 'Casper' Upgrade
The Ethereum Foundation's lead developer for the Casper upgrade, Vlad Zamfir, uploaded the first version of the protocol's code to GitHub on Tuesday.

Blockchain Data Links Tether 'Attack' to 2015 Exchange Hack
The individual or group behind the alleged Tether attack may have been involved in a previous well-known hack in the bitcoin space.

Report Warns SAFT May Increase Legal Risk of Token Sales
Making ICOs compliant while delivering on their disruptive promise may be a harder needle to thread than the SAFT plan anticipates, a new paper says.

ECB President Draghi: Cryptocurrency Impact Still 'Limited'
European Central Bank president Mario Draghi reiterated his view that cryptocurrencies are too small to regulate on Monday.
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