JP Morgan joins Bank-of-America and Goldman in admitting cryptocurrency is a 'risk' to its business

Leo Zhang

By Leo Zhang

News

JPMorgan Chase admits cryptocurrency is a 'risk' to its business for the first time
(Fortune, by Jen Wieczner)

"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."

Jack Dorsey: Square 'is not stopping at buying and selling' bitcoin
(Business Insider, by Graham Rapier)

"'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'."

SEC launches cryptocurrency probe
(WSJ, By Jean Eaglesham and Paul Vigna)

"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."

Kraken is closing a few funding methods in a month

Commentary

No blockchain is an island
(CoinDesk, by Primavera De Filippi)

"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)."

The bullish case for Bitcoin (Part 3 of 4)
(Medium, by Vijay Boyapati)

"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. "

Technical

The myth of Bitcoin Futures: it has only 0.009% impact on price of BTC
(Stock Emperor)

"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."

Cryptography professor Matthew Green discusses the implications of Cellebrite decrypting iPhones

Bitcoin Q&A: altcoins and specialisation

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.

Updates

Decred publishes its 2018 roadmap. Decred blog

Decred International Ops Lead hosts a Q&A on Decred. Medium

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