Last year, Didi Taihuttu sold almost everything he owned, poured it into bitcoin and moved his family into a trailer park. In this episode of Moving Upstream, WSJ’s Thomas Di Fonzo goes on a year-long journey with the “Bitcoin Family” as they bet everything on a decentralized cryptocurrency future. But cryptocurrency supporters are plugging away with plans to use its underlying blockchain technology to reshape Wall Street’s machinery. These blockchain-based networks have been in development for several years without much to show for the effort. But now states, regulators and lawmakers are laying the legal groundwork for the creation of “digital securities,”—assets resembling bitcoin and other cryptocurrencies—that could represent stocks, debt or other financial instruments.

Source: Wall Street Journal April 17, 2019 14:00 UTC