Crypto Croissant - Issue #9

BTC hit $5820 (Bitstamp) - the highest point in the year to date.

47% of institutional investors surveyed by Fidelity see digital assets as having a place in their investment portfolios, 72% prefer to buy investment products that hold digital assets and 22% already are exposed to and have some ownership of digital assets.

Microsoft has teamed up with JP Morgan to deliver their blockchain offering, through Microsoft Azure, their cloud-computing based offering, which includes the integration of Ethereum, R3 Corda, Hyperledger and now JP Morgan’s ‘Quorum’ platform which is built on Ethereum. Starbucks, Xbox and others are already using the Azure Blockchain Services.

VeChain, which uses Proof of Authority rather than Proof of Work surpassed Bitcoin transaction volume last Saturday. BMW, PwC and now Deloitte have moved to VeChain, with Deloitte moving from Ethereum due to the more advanced features on #VeChainThor ( it sounds like the Avengers are Assembling 👀).

Proof-of-authority (PoA) - an algorithm used with blockchains that delivers comparatively fast transactions through a consensus mechanism based on identity as a stake.

Proof-of-Work - a system requires its users to perform some form of work to participate. The work must be difficult for the client but easy for the server/network to verify. - Medium

Tether - a ‘stablecoin’ designed to always have the value of $1.00, the original claim was that each Tether was backed by a real US Dollar, a claim which is no longer true as cash equivalents and loan receivables from other companies are now included in the reserves.

If you didn’t catch it last week, you can still check out our: April Roundup 🗓️ 😻

We hope you enjoyed this weeks issue! Please send feedback and any suggestions to hammad@cryptocroissant.com.