Kiffmeister’s Fintech Daily Digest (05/08/2020)

Paul Tudor Jones Buys Bitcoin as a Hedge Against Inflation
Macro investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation he sees coming from central bank money-printing, telling clients it reminds him of the role gold played in the 1970s. Jones’ Tudor BVI Global Fund has been authorized to hold as much as “a low single-digit percentage exposure percentage” of its assets in bitcoin futures, according to a note sent to investors. The firm manages $38 billion, of which $22 billion is in the flagship BVI fund.

Telegram Agrees to Hand Over Trove of ICO Documents to SEC
Telegram has filed an order of consent agreeing to provide a trove of communications and documentation requested by the U.S. SEC on May 7. The communications concern the distribution of Telegram’s Gram tokens and purchase agreements relating to its 2018 ICO. Telegram’s consent comes amid the Free Telegram Open Network community’s decision to launch a version of the TON blockchain via a ‘fork’.

Search Interest in Bitcoin’s Halving Reaches Fever Pitch as Price Hits $10K
Google Trends, a barometer for gauging interest in trending search topics, shows searches for “halving” or “bitcoin halving” at five times the peak in 2016, when the blockchain underwent its previous halving event.

Cambridge Bitcoin Electricity Consumption Index Bitcoin Mining Map
The Bitcoin Mining Map visualises the approximate geographic distribution of global Bitcoin hashrate. The average hashrate share by country is available for display in monthly intervals starting from September 2019. In addition, a second map with an exclusive focus on China’s hashrate distribution by province is provided.

98% of XRP transactions are empty, says report
The analysis in this paper reveals that only a small fraction of EOS, Tezos and XRP transactions are used for value transfer purposes. In particular, 95% of the transactions on EOS were triggered by the airdrop of a currently valueless token; on Tezos, 82% of throughput was used for maintaining consensus; and only 2% of transactions on the XRP ledger lead to value transfers.

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