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CARIBBEAN CRYPTO: By the end of this year, investors in Jamaica may be able to trade crypto tokens on the Jamaica Stock Exchange (JSE).
The JSE has signed a memorandum of understanding (MoU) with Blockstation, a Toronto-based blockchain startup, to create a new digital assets trading platform. In addition to listing coins for trading, the exchange may even issue its own. Full Story
B ROUND, A LIST: Enterprise blockchain startup Axoni raised $32 million in a series B round led by Goldman Sachs and Nyca Partners, with JPMorgan, Wells Fargo, Y Combinator and a16z among the participants. Full story.
CRYPTO FANTASY FOOTBALL: CrownThrown Inc., a Florida-based blockchain startup, announced that it is raising nearly $100 million for an initial coin offering to create a crypto-powered fantasy football league.
Called the Crown League, the project will be seeking to form 12 teams initially, which will collectively be owned by fans via the platform’s crypto tokens. Though it would act similarly to other fantasy leagues, one major feature that separates this one from others is that it will be a single, unified entity operated by professional managers and owned by the general public. Full Story |
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 Markets took a dip this past week. CoinDesk Research took a look at the performance of major coins:
• The biggest declines: Ethereum Classic: -37 percent and EOS: -33 percent
• The smallest declines: BTC: -9 percent and LTC: -22%
• Bitcoin's share of the total cryptocurrency market cap grew from 50% to 56% during the course of the week Learn more crypto research insights here. |
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 The Oxford Blockchain Strategy programme is developed for business leaders, innovators, and future thinkers with an interest in blockchain. This programme gives you a fundamental understanding of blockchain, and its implications and effects on your business strategy. Visit the programme page to learn more. |
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| | UNDER PRESSURE: Down two-thirds from its all-time high of around $20,000 last December, bitcoin now faces the risk of dropping below $5,755, technical analysis indicates. Full Story |
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BEST OF THE BEST
BLOOMBERG: The business newswire examined the recent sharp price drop of ether and found that initial coin offering (ICO) projects were to blame for the decline.
ICOs were the main force behind the price surge of ether last year, as more and more blockchain startups at the time were building projects on the ethereum blockchain.
But now, according to Biswa Das, a founding partner of BloomWater Capital, a cryptocurrency quantitative hedge fund, some of the projects are “cashing out” the ether they raised, in part to cover their expenses, but also in anticipation that this bear market won't end soon.
THE REST
FINANCIAL TIMES: Wall Street is not as skittish about cryptocurrencies as most people think, according to FT writer Ben McLannahan.
Despite their skeptical public stances, big Wall Street names such as JPMorgan Chase and Goldman Sachs have begun to “dip [their] toes” in the space, for instance trading bitcoin derivatives on behalf of fund manager clients.
McLannahan also discussed several hurdles that the banks are facing in the crypto market including concerns over safe custody.
THE WALL STREET JOURNAL: Bank of China (BoC), one of the four biggest state-owned commercial banks in China, has revealed details on its blockchain efforts, according to the Journal.
Liu Quiwan, the chief information officer of the BoC, said during a press conference in Beijing that the bank is currently running a dozen pilot projects involving blockchain technology. |
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WHO WON #CRYPTOTWITTER |
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