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 MUST READS 

Ripple’s IPO Could Come Within 12 Months, Suggests CEO


Brad Garlinghouse, CEO of Ripple, indicated that initial public offerings (IPOs) will become more prevalent in the blockchain and crypto space in the next 12 months...

Speaking at the World Economic Forum in Davos, Garlinghouse went on to tease that the company would be one of the first to seek a public flotation:

"We’re not going to be the first, and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company."

As you can imagine, this news simultaneously (1) really pissed off half of the XRP community and (2) made the other half ecstatic.
 

Bakkt Concerns?


Let's be honest with ourselves... Many crypto enthusiasts (including us) were highly anticipating the launch of Bakkt in 2019. It was supposed to be a game-changer... their "physically-settled" Bitcoin futures contracts were going to drive prices higher... and they were essentially going to open the institutional floodgates...

But here we are, already a month into 2020, and it seems like Bakkt has struggled to remain relevant

Here's the lowdown:
The gist of it all is that Bakkt is struggling to generate trading volume on its own.

More importantly, instead of these contracts fueling the price of BTC (what everyone was hoping for), it seems that the price of BTC is what's fueling the volume. Whenever BTC has a significant price increase, trading volume on the exchange increases, however, this is true for all exchanges across the board.
 

Bitcoin Has Lost Steam – But Criminals Still Love It


While almost the entire Bitcoin economy is in a slump, there is one notable area of the market that is growing steadily... criminal activity.

According to data from Chainalysis, the amount of cryptocurrency spent on dark net markets, where stolen credit card information and a wide array of illegal drugs can be purchased with Bitcoin, rose 60% to reach a new high of $601 million in the last three months of 2019.

The continuing growth of illegal transactions underscores the difficulties that Bitcoin has had in moving past its reputation as an outlet for criminals, even as Wall Street institutions have begun investing.
 

 SPONSORED 

Weed Crisis No One Is Talking About… YET


There’s a catastrophe building on the horizon few in the weed industry want to talk about. It’s NOT a legal issue… or a civic one…

Instead, with legalization in full swing… many companies are facing dire shortages. Global News reported… “The supply shortages that have plagued legal cannabis… will likely persist for years”

But all that’s changing… thanks to a massive super-greenhouse — just 25 miles from Cleveland… One tiny weed company is poised to pump out nearly 341,000 pounds of weed… and send share prices soaring! And it all starts on June 30th.
 
Go here now to see the full story.

 

 DEEP DIVE 

Digital Asset Human Capital Trends Report


The Block, in collaboration with Blockchain Association, released a report exploring the trends in the digital asset workforce...

Some highlights...
  • 85% of professionals in the digital assets industry are employed by exchanges, development firms, or mining businesses
     
  • Huobi is the largest employer, followed by Coinbase and OKEx
     
  • 67% of the largest employers are located outside of the US
     
  • There are just ~1,500 people working full-time across the blockchain ecosystem
     
  • 91% of crypto organizations cited "regulatory uncertainty" as a hurdle

What Will be the Major Factor of User Adoption of Blockchain Technology in 2020?


Kirill from Hacker Noon wrote a solid article summarizing a batch of blockchain experts' opinions & predictions... industry trends... along with some of the fundamental (and refreshing) facts surrounding the core uses of blockchain technology today.
 

Bitcoin Obsoletes All Other Money


In this epic essay, Parker Lewis from Unchained Capital takes a deep dive into the philosophy of money and shows how Bitcoin is a better version than it's fiat competitors.

For those who exchanged all of their BTC for fiat recently, well... you may not want to read this one.
 

The Year in Ethereum 2019


Ethereum had an absolutely massive year in 2019. If you aren't up to date, need a refresher, or just want to check in on Ethereum's major milestones, this post by @evan_van_ness and @0xstark is all you need.
 

 SPONSORED 

Jeff Bezos: “Amazon Will Go Bankrupt”


In a shocking interview, Amazon CEO Jeff Bezos announced: “Amazon will go bankrupt.” During his address he said, “I predict one day, Amazon will fail.” And that’s coming from the company’s own founder… one of the richest men in America.

If you own stock in Amazon – or any other major tech company – you’ll want to know why he said this right away. Learn more here.

 

 REGULATORY FRONT 

Dubai Set to Launch its Own Tax-Free ‘Crypto Valley’


Announced at Davos last week, the Dubai Multi Commodities Center (DMCC), a state-backed entity, plans to build out a sector in the United Arab Emirates (UAE) devoted to pushing blockchain and cryptocurrency innovation.

Dubai’s Crypto Valley will feature several co-working facilities, education and mentorship for those seeking careers in the blockchain space, and incubation services for crypto-based businesses.

 

 TWEET OF THE WEEK 

Old guy meets new tech.

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