BLOCKCHAIN QUARTERLY | Q3 2019  | AS OF SEP 30th, 2019

Executive summary

In the cryptosphere, the atmosphere during recent months has been electric – even more so than usual. The renewed excitement around cryptocurrency prices has revived interest, waking up enthusiasts and opponents, not to mention those who continued to be involved after the 2018 downturn.

Section 1: Global Market Update

In the cryptosphere, the atmosphere during recent months has been electric – even more so than usual. The renewed excitement around cryptocurrency prices has revived interest, waking up enthusiasts and opponents, not to mention those who continued to be involved after the 2018 downturn.

Read more in the full section on Global Market Updates.

Section 2: Update on the regulatory policies

The theoretic positions taken by regulators and officials are not drastically evolving in 2019. The embryos of formal laws and regulations come to a realization, with bills being passed that confirm the overall philosophy expressed in our previous reviews. Finance ministers around the world have again voiced concerns and negative views of Bitcoin, as its price soared again in June. This was expected by many, and as yet, there have not been any negative consequences. If anything, what we observe is a difficulty for regulators to classify the crypto assets they are dealing with properly.

Read more in the full section on Update on regulatory policies.

Section 3: Review of blockchain industry players 

With the price of Bitcoin going up, mining profitability has again taken off, and miners are seeking to equip themselves with cutting-edge equipment. The Bitcoin mining difficulty is at all-time highs, with the block halving projected for May-June 2020.

Read more in the full section on Review of blockchain industry players.

Section 4: Investment and use case by industry

A group of 14 banks (European, Japanese, etc.) led by UBS, launched a trade settlement platform based on blockchain. Another consortium of banks, in conjunction with the London-based Finality International, is organizing the creation of a dedicated cryptocurrency for cross-border transfers and settlement among themselves. This all indicates that banks are trying to build, by cluster, their solutions to compete with Ripple and with the JPM dollar, in a bet to avoid being overtaken, especially by JP Morgan.

Read more in the full section on Investment and use case by industry.

Section 5: Trend By Crypto-Assets Class

As BQ Intel develops, we engage in providing tools to compare crypto assets, thanks to the creation of a database and a suite of tools to exploit it. A significant added value is our classification as a criterion to isolate classes of tokens and study them as such.

Read more in the full section on Trend by crypto-asset class.

Section 6: Latest Advancement In DLT Technology

Investment in technology has now dwindled compared to the money being directed to application ventures. As more or less specialized investment funds continue to pour millions of their investors into cryptorelated endeavors, we observe that most are dealing with building businesses on top of platforms. A few native projects have been funded (e.g., Dfinity), but most of the technological research is currently being carried out thanks to the funding collected in 2016-2017.

Read more in the full section on Latest advancement in DLT technology.

Section 7: Overview by country

Here is a country-by-country press-overview of what is happening (with special regulatory focus on what official authorities pretend to be doing).

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Read more in the full section on Blockchain regulation overview by country.

© 2020 bqintel.com

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