3iQ’s Top 5 Digital Asset Stories of the Week
February 12 – February 18, 2020
3iQ Research Group consolidates the top five digital asset stories of interest to investment advisors and our investors. Forward this email to a colleague.
Visa’s Head of Crypto Sees a Bright Future for Bitcoin
Bitcoinist | February 17, 2020
Cuy Sheffield, the Head of Crypto at Visa, believes that bitcoin “sats” (satoshis) could become the native unit of account on the internet for purchases less than one cent. He suggests that micropayments for removing ads, tipping influencers, and joining private messaging groups could be a prevailing use case for bitcoin over fiat currencies.
Microsoft’s Pursuit of Decentralized Identification is an Open-Source Bet on Bitcoin
Bitcoin Magazine | February 18, 2020
Microsoft’s ION, a project aimed to decentralize identifications, is a second layer network similar to Bitcoin’s Lightning Network. The software is expected to be completely open-source and plans to use the Bitcoin Blockchain due to security and decentralization reasons.
Samsung is Quietly Becoming a Major Blockchain and Crypto Player
Forbes | February 18, 2020
The latest flagship mobile phones from Samsung could help spread the mass-adoption of cryptocurrencies through integrated crypto wallets and other technologies. “We created a secure processor dedicated to protecting your PIN, password, pattern, and Blockchain Private Key,” said Samsung in an announcement.
Vitalik Buterin Discusses Ethereum 2.0 and DeFi at ETHDenver
The Block | February 16, 2020
Speaking about Ethereum 2.0, Buterin remained optimistic about an upcoming launch date, suggesting that he “definitely thinks ETH2.0 has been preceding quite quickly and regularly in the last few months.” On decentralized finance (DeFi), Buterin suggested that the “simplest” products will get the most users, such as “stablecoins, synthetic assets, decentralized exchanges”.
Canadians can now Buy, Sell and Trade QCAD – a Digital Canadian Dollar
Decrypt | February 14, 2020
The Canadian crypto exchange Bitvo has announced that its customers can now buy, sell and trade QCAD, the first ever “Canadian dollar-backed stablecoin.” The QCAD digital Canadian dollar is built on the Ethereum blockchain using the ERC-20 standard.