Weekly Cryptalk #19:
This week, JPMorgan has become the first major US bank to issue its own cryptocurrency: JPM Coin. Taking into account that JP Morgan processes upwards of $5 trillion in transactions every day, is this the beginning of widespread adoption, or a gimmicky move by the global financial institution? We'll talk about the coin, its purpose, and its potential effect on XRP—which hopes to become the banks settlement coin.
Jack Dorsey, founder of Twitter and Square, recently took part in a Twitter trust experiment between Bitcoin enthusiasts involving passing around a 'torch' symbolizing the community around the lightning network. He voiced his support for the Lightning Network, a Bitcoin layer 2 protocol, and seemed keen on implementing cryptocurrency payment technology in his products. Can Dorsey spur a new Bitcoin bull market?
Finally, crypto investor Brock Pierce seems hell-bent on resurrecting Mt.Gox, the infamous failed Japanese crypto exchange from which 650,000 Bitcoins disappeared in 2014. But it isn't going to be easy, as the ownership status of the defunct exchange is unclear. We'll explain why he wants to reviving the moribund exchange whose name is synonymous with crypto mayhem, what’s happened so far, and what's next for Mt.Gox.
Join us each week for a new edition of Cryptalk with Clement Thibault. It’s released every Sunday. You can also find it on Spotify, iTunes, or your favorite podcasting service.