This Week In Crypto In 5 Charts (10/20/19)

Lou Kerner
Oct 19, 2019 · 3 min read

For those who love both crypto and graphs that tell a compelling story

#1 The Dwindling Initial Membership In The Libra Association

via TechCrunch

Since Facebook announced Libra in June, I’ve believed that it was DOA. Per the graphic above, 7 of the original 28 Libra members have already dropped out. The exodus follows warnings from politicians and regulators, in both the U.S. and Europe, that Libra risks destabilizing the global financial ecosystem. The warnings included a letter from U.S. Senators Brian Shatz (D-HI) and Sherrod Brown (D-OH) that threatened Libra members by stating that “If you take this on, you can expect a high level of scrutiny from regulators not only on Libra-related payment activities but on all payment activities.

#2 Grayscale’s Q3 2019 Digital Asset Investment Report Highlights $255 Million In New Investments, 84% From Institutional Investors

This reflected a tripling in new investments from the $84.9 raised in Q2 2019, and included $75 million invested in a single day (after the fund was closed for 8 weeks to new investments). Nearly 80% of inflows in 3Q19 were digital assets, up from 71% in 2Q19.

In Q3, Grayscale ex Bitcoin Trust, saw $83.1 million of inflows, led by Grayscale Ethereum Trust ($62.7 million) and Grayscale Ethereum Classic Trust ($18.4 million).

#3 DCG Survey of 60 Portfolio Company CEO’s Finds That Improved UX/UI Is The Single Most Important Advancement Needed

It’s not just the technology that needs to improve, it’s turns out that crypto execs think improving the user experience is even more important to enable mass adoption.

#4 After A 4 Year Lull, The Number Of Wallet Addresses With More Than 1,000 BTC Starts To Climb Again

via CoinMetics

It’s broadly believed to be indicative of a growing involvement by high net worth individuals who can invest $8+ million, which should be a bullish long term sign.

Via Coin Metrics

Wallets with $10+ is also growing nicely for btc.

#5 The Top Three Derivative Exchanges Account For Over 78% of Derivatives Exchange Volume

via Condesk

All three of the large exchanges are in lightly regulated markets (Hong Kong, Singapore, and Belize). The CME is the only exchange based in the U.S.. The third largest, Huboi, is larger than the next 7 derivative exchanges combined.

If you got .00001 BTC of value from this post please “Clap” below (up to 50 times). Thx!

Lou Kerner

Written by

Partner @ which runs CryptoMondays. Believer that Crypto is the biggest thing to happen in the history of mankind.


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