Colin and Simon are here in the studio to talk about the latest and greatest news in blockchain, including:
First up, we take a look at Binance Coin. The pair talk about why the cost has gone up so much and Simon comments that this isn't too dissimilar to a company doing a share buy-back to grow the value of the shares and if this makes the coin more like a security (01:26).
Next we talk about Citi scrapping its plan for a JPM coin-lke bank-backed crypto having decided that other technologies provide more efficient and effective solutions. It's a topic Colin and Simon have talked about quite a few times before. Colin suggests that JP Morgan's approach has been more considered and analytical with a deeper plan in place than Citi. He adds that being wary and understanding new technologies is important but if you're just looking for a solution then using existing technology makes sense, but too many companies have tried to exist in a halfway house between the two (07:16).
We also have a great Tweet of the Week from @CasPiancey on the d(evolution) of Tether
Finishing off the show we caught up with Kerry Denerstein, Regulatory Affairs Lead at CLS Group (37:25).
Other stories include:
- CBOE halts Bitcoin futures, considering conceding market to CME
- ASX - Deloitte - Australian Financial Review
All this and so much more on this week's episode of Blockchain Insider. And why not send us your best tweets? See if you can get a shout out on the show!
We hope you enjoy the show and, as ever, don't forget to subscribe!
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This week's episode of Blockchain Insider was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse.