Connections. Compliance. Cap Tables.
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FEBRUARY 19, 2019
THE DIGITAL ASSET REVIEW
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JPMorgan is First Bank to Launch its Own Cryptocurrency
"The first cryptocurrency created by a major US bank is here – and it’s from JP Morgan Chase.
The New York-based bank has taken the much-awaited step of launching its own digital token, CNBC reported Thursday.
A “tiny fraction” of the bank’s $6 trillion in daily transactions will be conducted by its newly created ‘JPM Coin’ to settle international payments at any time of the day and within seconds, said Umar Farooq, head of J.P. Morgan’s blockchain projects."
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AI, Blockchain, Cryptoassets, and Tokenization
Created by
City A.M.
, Crypto A.M. is a well curated collection of meaningful write ups on today's world of crypto-focused events and technology.
You can also follow City A.M.'s crypto-focused Twitter account for more updates.
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tZERO is Live, but Off to a Slow Start. Does it matter?
"In the three weeks since the long-awaited launch of Overstock.com’s alternative trading system (ATS) for security tokens, activity has been light.
According to traders in a dedicated Telegram chat, daily volume has fluctuated between 7,000 and 23,000 units of the platform’s own tZERO Preferred (TZROP) token – the sole listed asset for now. The company itself gave a slightly higher range: 9,000 and 35,000.
Either way, that’s a tiny fraction of the 26 million TZROP issued after the $134 million security token offering (STO) last August."
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This is Your Brain Off Facebook
A new study offers a glimpse of what unplugging might do for your life.
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"The world’s most common digital habit is not easy to break, even in a fit of moral outrage over the privacy risks and political divisions Facebook has created, or amid concerns about how the habit might affect emotional health.
Although four in 10 Facebook users say they have taken long breaks from it, the digital platform keeps growing. A recent study found that the average user would have to be paid $1,000 to $2,000 to be pried away for a year.
So what happens if you actually do quit? A new study, the most comprehensive to date, offers a preview."
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Risky Business: Companies in SEC Settlement Have Yet to Register Tokens
"Everybody paid attention in October when the SEC settled cases with two crypto companies found to have violated securities laws, putting the industry on notice that most tokens were going to be treated as securities. But months later, those companies have yet to register their tokens with the SEC, raising the question of when (or if) their investors will get the refunds they are owed."
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SEC Files Formal Complaint Against Blockvest and its Founder
"The Feb. 14th complaint filed against Blockvest LLC details that the company, and specifically its founder Reginald Buddy Ringgold III, were purportedly involved in illegal misrepresentation of products and licensing. According to the initial court order, Blockvest LLC is a 'Wyoming limited liability company that was set up to exchange cryptocurrencies but has never become operational.'"
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The Problem with Cryptocurrency Custody
"Popular myth holds that pirates of the 17th century would squirrel away bounty beneath the sands of the Caribbean, hiding treasure where no one else might find it. It was a primitive form of security: the less accessible, the better.
A reincarnation of this semi-apocryphal practice has risen, strangely, to become the dominant method for securing virtual wealth in the cryptocurrency era. People use “cold storage,” meaning they stash their private keys...offline. "
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SXSW 2019
Blockchain & Cryptocurrency
March 8-16, 2019
Austin, TX
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Crypto Invest Summit
Blockchain Technology Innovation
April 9-10, 2019
Los Angeles, CA
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