Increasingly, governments have been taking encouraging steps towards the adoption of digital currencies. In this article we look into the upcoming launch of China’s Central Bank Digital Currency (CBDC) which will reportedly will be backed by renminbi. What motivated this move? And how can it impact the Chinese economy?



Read the in-depth article on Central Bank Digital Currencies.



Interestingly, China and the Asian market is becoming a hotbed for Blockchain and Cryptocurrency innovations. With China emerging as the top Asian jurisdiction by Funds Raised (Including token sales and Venture Funding)

Relatively small countries like Singapore are among the Top five Blockchain and Crypto jurisdictions in the world by Funds Raised. Upgrade to premier to download unlimited charts just like this.



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Last week in 100 words 💯

Is the world ready for a Bitcoin Exchange Traded Fund (ETF) on a major exchange? We are! According to a memorandum issued on September 17th, submitted to the SEC by Crypto index and fund provider - Bitwise Asset Management. A majority of the regulators concerns seems to have been addressed, from institutional-grade Bitcoin infrastructure being built to addressing the fake trading volumes.



A key factor why the crypto market is mature enough for an ETF, according to the Bitwise report, is the growing demand among institutional investors to increase exposure to the asset without actually dabbling with Bitcoin.



Notably, September 23rd 2019 marks the beginning of a new chapter in the History of Bitcoin as Intercontinental Exchange backed Bakkt starts offering futures contracts. This move could entice more investors as it’s the first federally regulated market to buy and sell Bitcoin.

“The reality is that the bitcoin market of today bears little resemblance to the crypto market of a few years ago,” - Bitwise global head of research Matt Hougan.

InWara Research 📙

Does Bitcoin have a energy consumption problem? The cryptocurrency is facing a wave of criticism after several reports emerged pointing out its ravenous energy consumption. As of September 2019, the number was as high as 73TWh which is higher than several countries.

Invented more than a decade ago, Bitcoin is revolutionary in many aspects. In this article, we;ll dive into how the world’s first cryptocurrency has measures embedded to combat inflation.

Upcoming ICOs, STOs, & IEOs 🗓️

Who raised money last week? 💰

Top News 📰

The Swiss stock exchange Six has recently launched a prototype Digital Assets exchange and central securities depository (CSD), according to a report by Coindesk. The full launch of the platform is expected to be around Q4 2020 and will likely see added functionality to the platform.

Telecommunications behemoth Verizon has received a patent for the dynamic creation of virtual SIMs cards. This patent, could potentially make pre-inserted, physical SIM cards obsolete as it gets replaced by a software equivalent.

One of South Korea’s largest conglomerates CJ, is reportedly developing a blockchain-based music copyright platform using Amazon’s BaaS or Blockchain-as-a-Service. The system will likely save a recorded history of the broadcasting of copyrighted songs on a blockchain to ensure immutability.

Reports 📊