JP Morgan joins Bank-of-America and Goldman in admitting cryptocurrency is a 'risk' to its business
"In JPMorgan Chase’s annual report, released Tuesday afternoon, the bank counted cryptocurrencies such as Bitcoin and Ethereum as 'risk factors' to its business for the first time, recognizing the digital currencies as new forms of competition that could, quite literally, give the bank a run for its money."
"'Bitcoin, for us, is not stopping at buying and selling,' Dorsey told analysts on the company's fourth-quarter earnings call. 'We do believe that this is a transformational technology for our industry and we want to learn as quickly as possible'."
"The Securities and Exchange Commission has issued scores of subpoenas and information requests to technology companies and advisers involved in the red-hot market for digital tokens, according to people familiar with the matter."
You can still trade with USD, it is the method of funding that will be gone in a month's time. We are actively working to establish new banking relations, and hope to make an announcement soon.— Kraken Support (@krakensupport) February 28, 2018
"Rather, we need to take a larger ecosystemic approach, looking at various forces that influence that individual. Accordingly, when it comes to promoting or precluding certain behaviors, we might choose to directly regulate individuals via the legal system or indirectly regulate them through one of the other three forces (markets, social norms, and architecture)."
"Bitcoin is currently transitioning from the first stage of monetization to the second stage. It will likely be several years before Bitcoin transitions from being an incipient store of value to being a true medium of exchange and the path it takes to get there is still fraught with risk and uncertainty. "
"Current CME volume is 642, price is 10445. This gives it K=[(642510445)/2]*100%= 16,76 mn CME market cap * 100%. Total BTC market cap is $178,88 bn or 178 880 mn. Dividing those 2 numbers yield 0,0093%. It’s the entire influence on Bitcoin price that comes from this tiny market."
I wanted to re-post this news about Cellebrite being able to (probably) decrypt iPhones and discuss an important implication of it. https://t.co/UY0iK4uWDG— Matthew Green (@matthew_d_green) February 28, 2018
Tools & Tutorials
The blockchain market is hot; here's how to learn the skills for it
(Computerworld, by Lucas Mearian) A primer for blockchain skill learning
The history of Japanese currency A museum of Japanese currency over time.
Decred publishes its 2018 roadmap. Decred blog
Decred International Ops Lead hosts a Q&A on Decred. Medium
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