Fifth Era/Blockchain Coinvestors Update #5
The reactions to China's stated intent of gaining global leadership in blockchain technologies continue to be the underlying theme of this weeks news and the links we are sharing with you.
The Federal Reserve now confirms it is looking into developing a digital dollar, although the announcement from Powell is fully of reasons why the US does not need to be the leader - 'our payment system is still behind the times so we don't need to innovate' appears to be the implicit message of his statement. Meanwhile, the CFTC chairman is more aggressively making the case for the US need to be the leader in blockchain innovation. Elsewhere in China, Japan and Europe important announcements continue and we share three that we found of interest.
At Fifth Era we have also be on the road in Japan, Switzerland and the UK. We share some of the links to podcasts and webinars that we have participated in.
We continue to believe this is the ideal time to invest in blockchain companies building real businesses.
Recent developments in blockchain:
The Federal Reserve is looking into developing a digital currency in the US, Powell confirms
CFTC Chairman: The United States Should Lead Blockchain Innovation
China Is Poised for Another Crypto Trading Crackdown as Speculative Fever Returns
UPS Ships Beef to Japan, Tracked and Monitored Using Blockchain Tech
Ledger’s Vault Scores $150 Million in Crypto Insurance From Lloyd’s Syndicate
Recent podcasts and webinar appearances:
Finally, please join us on Monday, December 16th at 12 noon PST for our final Blockchain Coinvestors webinar of the year, where we'll give an overview of Blockchain Coinvestors investment thesis, news and update on the latest fund. Click here for details and registration.
We hope you find much to think about, and please reach out with any questions or comments.
Best wishes,
Alison Davis
Matthew C. Le Merle