Securitize Opens IRAs to Digital Securities Investors With Partnership

Digital asset issuer Securitize has facilitated what it says is the first direct IRA investment in security token offerings (STOs). Alternative investments gateway AltoIRA purchased an initial investment in security tokens representing CityBlock Capital’s $20 million venture fund, with tokens issued by Securitize. The arrangement is set to open up new opportunities for retirement investors seeking exposure to digital securities, an alternative investment, said Securitize CEO Carlos Domingo. “At the moment [digital securities] are not widely distributed,” Domingo said. “That makes it more complicated for investors to access them, creating…

Off-Blocks Launches US Government-Tested Digital Signature Service in Beta

Digital signature platform Off-Blocks is bringing its government-tested document verification tools to the public. The company launched its digital identity mobile app beta Monday, according to CEO Colin Campbell, offering to the public some of the Factom blockchain-powered anti-forgery mechanisms the companies have been building for the U.S.’s Department of Homeland Security (DHS) since November. The full platform is expected to go live in the coming weeks. Off-Blocks’ public service seeks to infuse trust across digital file sharing. People and companies have an inherent need to authenticate any number of documents,…

MARKETS DAILY: China Moving Closer to Digital Yuan Launch

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Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing

A 200-page manual titled “Digital Currency: A Reader for Cadres” entered its second printing in January. The high demand signals interest from China’s government amid confusing regulations on cryptocurrencies. The handbook was first released in November, and includes a comprehensive set of 23 articles, starting from the basics of digital currencies to their impact on global finance. Yinan Zhao, a Bloomberg reporter covering the Chinese economy, explained to Cointelegraph: “It is actually a collection of published articles by officials and researchers on digital currencies. The views expressed in the book…

Facebook’s Zuckerberg Calls for Digital Community Self-Governance

Facebook CEO Mark Zuckerberg said the digital world needs oversight, mentioning government regulation as a potential solution but calling community self-governance “another and perhaps even better way.” “One of the big questions for the next decade is: how should we govern the large new digital communities that the internet has enabled,” Zuckerberg said in a Jan. 9 Facebook post. A post for the coming decade In a rather lengthy post on his social media site, Zuckerberg detailed his focus for the coming decade, singling out several topics, including digital governance…

China’s Central Bank: Here’s the Latest on the Digital Yuan

The development of a digital yuan, or DECP, has taken a great leap forward, according to the People’s Bank of China, the nation’s central bank. In a statement (in Chinese) Thursday, the bank said the “processes of top-level design, setting industry standards, developing potential functions and integration testing,” were “almost complete.”  The bank said it has been working on the expected two-tiered system that would offer  “controllable” anonymity and the functionality to replace paper cash.  The central bank, which assembled a special task force to conduct research on digital currencies  and…

WatchSkins Is Creating Digital Collectibles for Your Wrist

Watches, like shoes and cars, call tell you a lot about a person. A fan of gold and bling could identify as a crypto investor, while a fan of Disney will strap on a Mickey Mouse watch. Now a company called WatchSkins wants to turn digital wearables into new ways to express yourself – and let you own a piece of unique digital property too. The company, founded by brothers Collin and Justin Knock along with creative director Seth Cheshire, has created a platform for creating, buying and selling watch…

Facebook’s Zuckerberg Highlights Digital Commerce, But Not Libra, in 2030 Vision

Mark Zuckerberg’s new 10-year vision says a lot about Facebook’s plan for financial services – and nothing whatsoever about Libra.  Unveiling a vision for 2030, the Facebook CEO unveiled a laundry list of decade’s-end aims for his social media goliath, including an extensive “opportunity” for Facebook to “decentralize” finance and business. “Over the next decade, we hope to build the commerce and payments tools so that every small business has easy access to the same technology that previously only big companies have had,” Zuckerberg said in the post. That vision…

Facebook’s Zuckerberg Highlights Digital Commerce, But Not Libra, in 2030 Vision

Mark Zuckerberg’s new 10-year vision says a lot about Facebook’s plan for financial services – and nothing whatsoever about Libra.  Unveiling a vision for 2030, the Facebook CEO unveiled a laundry list of decade’s-end aims for his social media goliath, including an extensive “opportunity” for Facebook to “decentralize” finance and business. “Over the next decade, we hope to build the commerce and payments tools so that every small business has easy access to the same technology that previously only big companies have had,” Zuckerberg said in the post. That vision…

ECB President Pushes for a Central Bank Digital Currency

The president of the European Central Bank (ECB), Christine Lagarde, supports the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments. In an interview with French business magazine Challenges published on Jan. 8, Lagarde discussed the most likely threats to the global economy in 2020, among which she named a downturn in trade and a range of uncertainties, geopolitical risks and climate change. Going further, Lagarde noted that “the EU is still the most powerful economic…