There’s something happening here, what it is …
The march to mainstream adoption of crypto technology is accelerating across the world.
1. The technology of retail central bank digital currency
3/1/20, BIS (Bank of International Settlements)
Theoretically, central bank digital currencies (CBDCs) will provide cash-like safety and convenience for payments. To do so, they need to be be resilient accessible, and safeguard the user’s privacy, while allowing for effective law enforcement. Given that different technical designs can satisfy these attributes to varying degrees, depending on whether they feature intermediaries, a conventional or distributed infrastructure, account- or token-based access, and retail interlinkages across borders. This 16 page report, including an overview of 17 different CBDC projects, highlights the underlying trade-offs and the related hierarchy of different design choices.
2. Square reports $178M in bitcoin purchases for Q4 2019 bringing its 2019 total to $517M
2/26/20, Messari
Given the billions in BTC that trade everyday, Square is not a meaningful percentage of total volume. That said, the acceleration in volume reported by Square in its most recent quarterly earnings, is a positive sign that interest in Bitcoin continues o rise.
3. The 5 reasons why tech VCs aren’t backing crypto-networks
3/2/20, Saxon Advisors, Camron Miraftab
In a previous article, Saxon discussed how VC emerged as the dominant source of financing in crypto in 2019. This piece looks at why the majority of those investment are coming from crypto native VCs (or accelerators), and not from traditional VCs.
4. Bitcoin Hash Rate
3/2/20, Blockchain.com
The hash rate refers to the amount of computing power miners are using to validate the Bitcoin blockchain. The higher the hash rate, the more secure the blockchain is. A higher hash rate also reflects the attractiveness of mining for miners. As we approach the halving, in May, expectations are that the increased competition will further boost the hash rate.
5. JP Morgan Perspectives: Blockchain, digital currency and cryptocurrency: Moving into the mainstream?
2/21/20, JP Morgan, 19 Different Analysts/Contributing Authors
This 74 page report was broken in to three sections:
Part I: Blockchain evolution: Moving into the mainstream?
Part II: The rise of alternative payments
Part III: Are stablecoins a scaleable alternative to cryptocurrencies?
While there was lots to digest, it was largely private blockchain related, which is certainly less interesting to most than decentralized blockchains. Among the 12 highlights noted in the Executive Summary:
Trade Finance and Payments blockchain solutions offer the most incremental efficiencies in the banking sector relative to other use cases, but widespread implementation is at least three to five years away.
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