Daily Insights (Tuesday)

May 16, 2018

The Chicago Mercantile Exchange has announced the launch of the CME CF Ether-Dollar Reference Rate and Real-Time Index in partnership with UK-based digital asset exchange Crypto Facilities.


“The Ether Reference Rate and Real Time Index are designed to meet the evolving needs of this marketplace. Providing price transparency and a credible price reference source is a key development for users of ethereum.” – Tim McCourt, CME Group managing director and global head of equity products and alternative investments.

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Taipei Fubon Bank states that the next stage in the project’s development is to expand the blockchain-powered payment system to stores and businesses across the Chengchi area.

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IBM has announced a partnership with Hong Kong’s Veridium Labs to use blockchain, the distributed ledger technology, to increase the efficiency in the carbon-credit market and make the process of offsetting carbon credits easier.



Using IBMs expanding blockchain technology and expertise, the environmental financial technology company will issue and manage the tokens on the Stellar network. The move is a further step for Veridium Labs in pursuing environmental protections through distributed ledger technology.

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Major US crypto wallet provider and exchange service Coinbase has announced it is launching a suite of new products aimed at institutional investors.

The four products – Coinbase Custody, Coinbase Markets, The Coinbase Institutional Coverage Group and Coinbase Prime – all focus on alleviating major concerns that have allegedly caused institutional investors to hold back from entering the cryptocurrency space so far, such as security and regulatory compliance.


“We think this can unlock $10 billion of institutional investor money sitting on the sideline. We’re seeing a rapid increase in attention awareness and adoption in the cryptocurrency market.” –  Adam White, Coinbase vice president and general manager.

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