PRICE CHANGE: WTD/YTD

- BTC ($9,421): -1% / +31%
- ETH ($235): -1% / +79%
- LTC ($44): -4% / +6%
- XRP ($0.20): -1% / +3%
- Crypto Market Cap ($267B): -1% / +39% 
- BTC Dominance: 65%

THIS WEEK IN CRYPTO

- A survey of 800 institutions found nearly 80% of institutional investors see the appeal of digital assets and the number of US investors who hold digital assets has grown from 22% in 2019 to 27% this year. The percentage of investors with exposure to crypto futures increased from 9% in 2019 to 22% in 2020. Fidelity's director of research said that investors found digital assets' uncorrelated nature and high potential upside as particularly appealing. Fidelity conducted the survey from November 2019 to early March 2020. Link. 

- The total supply of issued stablecoins has grown 94% since early February, growing from $5.7 billion to $11.0 billion. Vast majority of supply growth has come from Tether. Link. 

- Blockchain analytics startup Chainalysis has added support for Dash and Zcash for its investigation software and its KYT product offering. Dash and Zcash are both privacy coins. Link. 

- After physically taking over the Beijing Bitmain office, ousted CEO Micree Zhan is reportedly regaining control and is blocking the delivery of Bitmain's ASIC products from its Shenzhen factory. The reason for doing so is unclear. Jihan Wu, current CEO of the company, is looking to regain control of the company through legal channels. Link. 

- Coinbase is reportedly looking to add 18 assets to its exchange: Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix and VeChain. Link. 

- The Libra Association has hired Credit Suisse executive Sterling Daines to serve as its chief compliance officer. Daines is currently global head of financial crime compliance for Credit Suisse. Link. 

- EOS, an Ethereum smart-contracts and dapps competitor, raised a $4 billion ICO in 2018 and new research shows the protocol could be in trouble. Developers working on the EOS platform fell more than 85% compared to a year ago and EOS dapp activity is down 70% over the last year. Since its ICO EOS developers have added about 325 dapps and 515 smart contracts, compared to Ethereum's developers who have released almost 2,900 dapps and more than 4,500 smart contracts. Link. 

- Bakkt and Galaxy Digital have created a new white glove service for institutional investors looking to buy and store BTC. The two companies will handle the entire process of onboarding, trade execution, and storage for institutional investors. Link. 

- The New York Times is working on a blockchain solution to detect misinformation by providing metadata on pictures found online. The platform allows social media users to know who took the original picture and when. The system uses IBMs blockchain platform. Link. 

- Blockchain infrastructure-as-a-service company Bison Trails is supporting the NEAR protocol, which is designed to power open finance and the open web through its smart contract platform. NEAR is launching its restricted mainnet in summer of 2020 after which NEAR token holders can use Bison Trails to run nodes; NEAR is expected to award node operators during the restricted launch. Link. 

- The Ontario Securities Commission has said the now defunct crypto exchange QuadrigaCX was operating as a ponzi scheme. The exchange went into bankruptcy last year after its CEO Gerald Cotten was reported to have died in India without leaving the exchange access to customer funds. There is roughly $200 million in missing customer funds, of which only $40 million has been recovered to date. Link. 

- Filecoin's test network will host a three week mining contest worldwide, with 4 million of the project's FIL tokens being awarded as prize funding. The testnet will pay out the best 100 miners in the world, according to the amount of capacity those miners provide to the network. Link. 

- Voice, the blockchain-based social media platform by Block.one, will be launching on July 4 instead of in fall as originally anticipated. The platform has been in beta since February. Link. 

- The Winklevoss twins are co-financing a film based on Ben Mezrich's book Bitcoin Billionaire.The film will explore how Cameron and Tyler Winklevoss used money from a settlement with Facebook to make early investments in bitcoin. Link. 

- Unstoppable Domains has released a decentralized blog service on Protocol Lab's IPFS system. The new service will be censorship resistant. Unstoppable Domains has over 200,000 registered domains to date. Link. 

- The Human Rights Foundation is launching a fund to support software developers working on privacy-focused bitcoin projects. The foundation awarded the first grant to a UK-based developer working on CoinSwap, a tool that makes it harder to monitor bitcoin transactions. HRF also launched a crowdfunding campaign to raise money. Link. 

- 4,000 Chinese bank accounts of crypto traders have been frozen by the Chinese government. This reportedly comes as part of a wider investigation into illegal activities such as gambling and money laundering, which have been commonly facilitated by crypto OTC trading with the Tether stablecoin. Link. 

- Algorand and Blockstack are collaborating on a new smart contract programming language called Clarity which will allow developers to write smart contracts that execute across the two blockchains. Others can join the open source initiative and add their protocols for direct inter-chain communication, without involving third-party interoperability protocols like Polkadot. Link. 

- Blockchain-based web browser Brave is partnering with K-Pop sensation BTS and e-sports team Rush Gaming to release a limited version of its browser for Japan residents. The browser will include a special home screen of BTS connected to a film release scheduled for July and fans will be able to earn rewards by watching ads to support Rush Gaming. Link. 

- Cambodia lottery operator Jinxiang is partnering with Chinese lottery service provider Hongbo to launch a blockchain-based scratchcard. The scratchcard will include a QR code that verifies its authenticity and its payout amount on a 'Scratchblock' blockchain platform. Link.