Wednesday, May 22, 2019

📌 BTC Halving, Kik vs. SEC, and Goodbye Crypto Dad

MUST READS

Institutional Demand for Bitcoin Appears to be Increasing

Grayscale Bitcoin Trust (GBTC), a $1.4 billion closed-end fund that invests exclusively in bitcoin, serves as perhaps the best indicator of institutional investment in bitcoin. And the data is showing an uptick in the institutional demand.

Kraken to Offer Stock to Accredited Investors

Ever wanted to own stock in one of the largest cryptocurrency exchanges in the world? Well, now is your chance...

If you are an accredited investor you have until June 20 to invest in the exchange on the Bnk to the Future platform for as little as $1,000.

Let Your Crypto Work For You

Nexo is the only account that lets you borrow instantly in 45+ fiat currencies and earn daily interest on your idle assets.

It also offers the only insured custody out there, so that you do not have to ever worry about your assets!

Get an instant credit line of a minimum of $500 by depositing your crypto to your Nexo Account. Available in 200+ jurisdictions.

Set Up Your Free Nexo Account Today

DEEP DIVE

Binance Hack Recap from CEO

In this essay CZ, founder and CEO of the beloved Binance exchange, recaps everything that occurred in the past two weeks, including lessons learned, stress dealt with, and wisdom gained.

Just 376 People Found to Own a Third of All Ether (ETH) Cryptocurrency

New research from Chainalsysis shows that there is a high degree of wealth concentration among cryptocurrency holders: over 30% of all Ether and over 20% of all Bitcoin is controlled by a small number of individual agents, called 'whales.'

Although these whales control a large portion of Ether's circulating supply, they paradoxically only account for a small percentage of its transaction activity. This is because most of the whales (~60%) are holding their assets or not regularly trading with exchanges. #HODL

Bitcoin Halving is (Just About) One Year Away

New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving".

In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25.

Here's why it's significant.

REGULATORY FRONT

Kik and the SEC: What's Going On and What Does it Mean for Crypto?

Katie Haun of a16z (formerly at the DOJ) catches us up on all the enforcement action Kik is currently going through with the SEC.

"The arguments Kik made in this process are interesting, because they are representative of how the entire industry is dealing with an emerging technology where it's still unclear which regulations will apply and how."

"Crypto Dad" is Leaving the CFTC. Here's His Goodbye Speech

In his final opinion piece as CFTC commissioner, J. Christoper Giancarlo (who's been a key regulatory ally for us all) gives an impassioned appeal to blockchain and free market innovators.