89. Checkmate

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! ​ Want to join the conversation on all the topics discussed? Tweet the show @bchaininsider and if you really love the show, please leave us a review on iTunes. ​ This week's episode of Blockchain Insider was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse. Special Guest: Kerry Denerstein. Links: Hottest Crypto Coin's Massive Rally Echoes Bitcoin's Glory Days Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency - CoinDesk CBOE halts Bitcoin futures, considering conceding market to CME - The Block ASX's blockchain project gets nasty