The week: JP Morgan Coin, Coinbase Wallet, Nasdaq adds BTC and ETH indices

The cryptography market has grown, with gains for the top 20 assets ranging from 0.5% to 13%. Total market capitalization increased by more than 4%, from $ 121 billion to $ 126 billion, with overall volume increasing by over 30%. The market leader, Bitcoin, went from a consolidation channel of one week to a high of $ 3,750 in the morning, a gain of almost 4%. Ethereum is up 13%, making it one of the top performers of the leading crypto, with a resistance level close to $ 140. The XRP is up more than 4% to $ 0.31.

JP Morgan creates his own cryptocurrency

The big New York bank JP Morgan launches its own stable coin, called "JPM Coin", indexed at the price of 1 USD and based on a company of the company Ethereum, Quorum. The JPM document will be used for the settlement of international payments, securities transactions and for companies using the bank's treasury services. Joe Weisenthal, Bloomberg's editor, sees the JPM coin as a direct threat to the other cross-border trading room, the XRP.

Binance Deletion of the list of illiquid tokens

Binance, the largest cryptographic exchange center, announced Friday the removal of the list of five cryptographic assets. Cape, Salt, Substratum, Wings and Modum will be removed from the list due to low liquidity. This could serve as an example for other major exchanges for them to remove tokens from the list in order to cover the risk of loss of credibility if any of them ended up by being the subject of criminal prosecution.

Fourth Quarter Gray Level Report Reveals 66% of Clients as Institutional Investors

The world's largest digital currency firm (A $ 1.5 billion) unveiled its fourth quarter report of 2018, which limits capital inflow to 2018 to $ 330 million, of which more than 60 % come from institutional actors.

Coinbase Wallet Eyes Private Key Backup

Users of the largest US-based encryption exchange, Coinbase, will soon be able to back up their private keys on Google Drive and iCloud cloud storage platforms. With cloud storage backup, users will only need to remember a password to recover their funds.

Nasdaq will add indexes for Bitcoin and Ethereum

The Nasdaq Stock Exchange, in partnership with block data firm Brave New Coin, will offer information on two new indexes as of February 25. The Bitcoin Liquid (BLX) and Ethereum Liquid (ELX) indexes offer a "real time rate or reference rate" on 1 BTC and 1 ETH, updated every 30 seconds.

The first US pension funds invest in crypto

Crypto VC, Morgan Creek Digital, attracted the first US pension funds by an increase of $ 40 million; The Police Officers Retirement System ($ 1.43 billion) and the Employee Retirement System ($ 3.9 billion), both based in Virginia, led the round.

Last week of funding

Analysis of Cryptocurrency Transactions Chainanalysis raised $ 30 million in Series B;

Regulatory News

SEC Commissioner's Comments on Service Tokens

SEC Commissioner Hester Pierce spoke about what she saw as the optimal level of regulation in crypto. Pierce pointed out that any sale of tokens must be made in accordance with applicable securities laws. However, it stated that "tokens sold for use in an operational network, rather than investment contracts, do not fall within the definition of securities".

US Court revises Blockvest decision

After further submissions and examination of evidence, the SEC won a legal victory after a US District Judge issued a preliminary injunction against Blockvest, overturning an earlier decision rendered in November 2018. Blockvest was accused of violating securities laws when selling non-registered securities. .

Luxembourg adopts framework law on blockchain

The Luxembourg Chamber of Deputies has passed a bill that establishes a legal framework for blockchain securities and aims to offer investors legal certainty when issuing symbolic securities.

Indonesia officially recognizes crypto-currencies as commodities

Indonesian regulators have recognized crypto-currencies as commodities and virtual asset trading is now legal in the country.

The CFTC 2019 exam reveals a major focus on crypto-currencies

The CFTC's first review this year revealed a major interest in cryptocurrency surveillance practices, as well as other types of market and transaction monitoring, including real-time monitoring. Its Market Surveillance Division (DSO), the Broker Oversight and Swap Intermediaries Division (DSIO) and the Compensation and Risk Division (DCR) have been specifically tasked with overseeing this operation.

Cryptocurrency markets

Security Token

US issuers of the STO should be aware of the 1934 Security Exchange Act

US-based STO Issuers are required to register under Section 12 (g) of the Exchange Act if a participating security (Common and Preferred Shares) is offered to them, if they have total assets more than $ 10 million and has more than 2,000 registered investors or 500 non-registered investors. An article by Crowdfundinsider further explains that issuers that meet the above criteria are de facto required to become reporting companies registered with the SEC.

High yields will transfer pieces of aspen to a Tezos chain of blocks

The property investment company Elevated Returns (ER), which recently transformed a luxury hotel complex in Aspen into Aspen Corner, is transitioning Ethereum parts to the Tezos chain of chains. ER claims to have a $ 1 billion real estate asset portfolio ready for future token issues and believes that Tezos is better suited for tokenization of assets.