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SEC: Nexo Agrees To Pay $45 Million In Penalties And Cease Unregistered Offering Of Crypto Asset Lending Product

Date 19/01/2023

The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay a $22.5 million penalty and cease its unregistered offer and sale of the EIP to U.S. investors. In parallel actions announced today, Nexo agreed to pay an additional $22.5 million in fines to settle similar charges by state regulatory authorities.

Deutsche Börse: Information Regarding Deletion Of Linde From The DAX

Date 19/01/2023

Qontigo’s global index provider STOXX Ltd. announces  that Linde plc will be deleted from the DAX index effective 27 February 2023. The reason for this is the company’s announcement related to the delisting of its ordinary shares from the Frankfurt Stock Exchange.

CME Group Announces Record Copper Options Open Interest As Participation Grows Across Base Metals

Date 19/01/2023

CME Group, the world's leading derivatives marketplace, today announced that open interest in Copper Options (HX) has reached multiple, back-to-back records, reaching 137,574 contracts on January 18, 2023. Average daily volume (ADV) across the company's Copper Futures and Options complex is at 131,466 contracts month-to-date, up 42% from full-year 2022 ADV. Copper Options ADV is at 12,513 contracts month-to-date, up 410% over last year.

Staying The Course To Bring Inflation Down, Federal Reserve Vice Chair Lael Brainard, At The University Of Chicago Booth School Of Business, Chicago, Illinois

Date 19/01/2023

Inflation has declined in recent months, which is important for American households, businesses, and consumers. Inflation is high, and it will take time and resolve to get it back down to 2 percent. We are determined to stay the course.

The Three-Stablecoin Problem - Kaiko Research: Deep Dive

Date 19/01/2023

Stablecoins are systemically important to cryptocurrency markets, both centralized and decentralized, but are facing ever-growing scrutiny both within and outside of the industry. In today’s deep dive, Kaiko explores the “three-stablecoin problem”, examining the interactions among BUSD, USDC, and USDT.

Record Clearing Volumes At LCH With Growth Across Services And Regions; Expansion Of Offering For The Uncleared Derivatives Market

Date 19/01/2023

• Record volumes registered across LCH clearing services including SwapClear, ForexClear, RepoClear, EquityClear and CDSClear, as well as at SwapAgent
• Expansion of offering for the uncleared derivatives market through acquisitions of Quantile and Acadia

BIS: The Bank Of Amsterdam And The Limits Of Fiat Money

Date 19/01/2023

Summary

Focus 

Fiat money is issued by decree, or "by fiat". Trust in fiat money is ensured through sound institutions, in particular central banks. Central banks work to maintain the value of the currency, often through measures on their own balance sheets. But what happens in the case of large losses? It is well known that central banks can operate with negative equity for a time, and many have done so in recent history. Yet there are limits, beyond which trust in fiat money falls away.

SEC Awards Approximately $18 Million To Three Whistleblowers

Date 19/01/2023

The Securities and Exchange Commission today announced three awards totaling approximately $18 million to three whistleblowers whose information and assistance led to a successful enforcement action.

TechNet Appoints New Executive Council Leadership - Nasdaq Executive Vice Chairman Ed Knight Named Chairman And Zoom COO Aparna Bawa Named Vice Chair

Date 19/01/2023

TechNet, the national, bipartisan network of technology CEOs and senior executives, today announced Ed Knight, Executive Vice Chairman of Nasdaq, has been named Chairman of TechNet and Aparna Bawa, Zoom’s Chief Operating Officer, has been named Vice Chair. Both will serve for two years.

BIS: The Technology Of Decentralized Finance (DeFi)

Date 19/01/2023

Summary

Focus 

Decentralised finance (DeFi) builds on distributed ledger technologies (DLT) to offer services such as trading, lending and investing without using a traditional centralised intermediary. The fact that DeFi components can be programmed may open up new possibilities for more competitive financial markets, and could bring efficiency gains. However, DeFi introduces enormous technological and economic complexity that makes it increasingly difficult to assess the risks and potential of DeFi financial products. But financial institutions and regulators dealing with DeFi need just such a systematic evaluation of these factors.