Your daily newsletter for 24 September, 2019 |
“A dream you dream alone is only a dream. A dream you dream together is reality" - John Lennon |
Over the last 24 hours, total market capitalization dipped for the second consecutive day from $263.2 billion to ~$255.4 billion, with most coins seeing losses in the ~2-6% range. 24-hour volume during that time registered ~$59.8 billion. BTC is currently trading at ~$9,750, down ~2.3% over yesterday. On the daily chart, BTC failed to hold its 100-day EMA support line yesterday and broke below that. RSI is at ~38, indicative of moderate bearish momentum. |
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An intangible asset The International Financial Reporting Interpretations Committee (IFRIC), a global accounting standards body, concluded that cryptocurrency falls under the definition of an intangible asset. This was not included in the committee's standard-setting agenda, which means that the recent disclosure only reflects the thinking of the body and not a definite rule. However, a standard set by the committee is usually followed, as IFRIC is employed in about 144 jurisdictions and a necessity for public companies in Singapore, South Korea and almost all of Europe. Accounting treatment for cryptocurrency has long been in discussion since 2016. |
Strength in intelligence SingularityNET, a decentralized artificial intelligence (AI) firm, has collaborated with tech giant Cisco to create applied artificial general intelligence (AGI) technologies. Touted as "Strong AI", AGI stresses on a machine's capability to reason in erratic situations, decipher problems, organize and converse in natural language. The company has previously applied its technology in some sectors, like partnering with the Singapore and Malaysia branch of Domino's Pizza to employ its blockchain-fuelled AI technology in its supply-chain procedures. SingularityNET founder Dr. Ben Goertzel believes that in "10 years you're going to see AGIs with IQs higher than humans". |
Leveraging potential Germany's second biggest stock exchange, Boerse Stuttgart Digital Exchange (BSDEX), started a regulated trading platform for digital assets. The exchange offers retail and institutional investors immediate access to digital assets whilst providing comparatively low-cost and flexible trading options. CEO Dr Dirk Sturz claimed that the "market in cryptocurrencies is worth billions, and more digital assets will emerge on the basis of blockchain", and stated that their aim was to "build up the leading European trading venue for those assets". |
Blockchain term of the day - Co-signerA person or entity that has partial control and access over a cryptocurrency wallet. |
You already know you've got a ticket on us if you can make your way to Victoria Theatre in Singapore! For the guys and gals looking for a little more than free, we've got you covered. Check out our full-admission ticket, which includes free-flowing beverages so you stay #hydrated all day, fancy nibbles in the AM and PM, gourmet lunch, and exclusive access to The Capital's VIP after-party! Also, here are all our wonderful media partners who will be at The Capital to amplify and support the inaugural event. It's going to be amaaaazing! |
Other news uPort, a ConsenSys-backed identity management protocol, has teamed up with Onfido and PwC, to produce blockchain-based identity management platform. According to an IBM executive, IBM is prepared to work together with Facebook to create blockchain technology. Jonathan Johnson has been appointed the new CEO of online retail giant Overstock.
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Crypto calendar 23 Sept - ICE's Bakkt Bitcoin Daily Futures Contract launch 29 Sept - U.S. SEC's decision on the Wilshire Phoenix's Bitcoin and Treasury Investment Trust ETF application, under the NYSE Arca exchange (initial decision) 13 Oct - U.S. SEC's decision on the Bitwise Asset Management's Bitcoin ETF application, under the NYSE Arca exchange (final decision) TBA - Justin Sun's lunch with Warren Buffett |
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