Changing things up

Day 4 of the week! Stay on that grind everybody! 

Today in history (1893), New Zealand gave all its women the right to vote, and was the first country to do so. 

In today's newsletter, we will be covering Binance to soon be adding fiat-to-crypto OTC trading, Turkey announcing plans for national blockchain infrastructure and and Indian car manufacturer Tata Motors calling for automotive blockchain tech.

Today, we also have our weekly 'Thursday think tank' section, courtesy of our friends over at Flipside Crypto! So be sure to check that out below!

Please do not forget to answer the polls down below too! It's a great way to interact with you and hear what you have to say. Happy reading!

Over the last 24 hours, total market capitalization retraced from ~$271 billion to ~$264 billion, with most coins seeing losses in the ~1-5% range. BTC dominance slipped further from ~67.6% to ~67.4%. 24-hour volume registered ~$67 billion.

BTC is currently back trading below the $10,000 mark, and is at ~$9,925, down ~3% over yesterday. On the daily chart, BTC has broken below its 50-EMA line, and is currently testing the 100-day EMA line. RSI has dropped to ~39, indicative of building bearish momentum. 

As one door closes, another opens 

Blockchain takes priority 

Zooming in 

Blockchain term of the day - Immutable

A property that defines the inability to be changed, especially over time.

Thursday think tank 

Our friends over at Flipside Crypto have produced data revealing the most under- and overvalued coins for the week!

The scores you see below refer to the ratio of each coin's current FCAS rating to its current market capitalization, both standardized to a 1000-point scale. A score above 1 reflects an undervalued coin, and a score below 1 indicates an overvalued asset!

Hold your horses! Before you go ahead and jump right into investing, always remember to first D.Y.O.R (Do your own research)!

Special announcement  - CoinMarketCap 'The Capital' Global Conference

Special announcement  - Market-Neutral Derivatives Trading

Hi y'all! On Monday, we released a new blog post covering the topic of "Market-Neutral Derivatives Trading", as explained by us! Check out it out here!

Other news 

• Binance is pushing its stablecoin Venus as a government-friendly substitute for Facebook's Libra.

• Vice News recently reported that North Korea is starting to build their own cryptocurrency identical to Bitcoin (BTC).

• Crypto exchange Zebpay recently assisted Australians in diversifying their self-managed super funds (SMSFs).

Crypto calendar  

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)

18 Oct   - U.S. SEC's decision on the VanEck/SolidX Bitcoin ETF application, under the Cboe BZX exchange (final decision)

TBA       - ICE's Bakkt Bitcoin Daily Futures Contract updated launch timeline

TBA       - Justin Sun's lunch with Warren Buffett

Poll of the Day

How much do you agree with this statement: "I believe that the crypto OTC markets are deeper than ones on exchanges."

What you said

"How much do you agree with this statement: "I enjoy reading crypto news more than traditional finance news.""

The average vote was 8.7. 

"Why or why not?"

Because it's value is same or similar everywhere.Crypto start to build a financial justice for all nations. - Decentralization 4TW! 

More interesting – More excitinggg 

It certainly has a younger energy and is more forward-thinking to read news on crypto than traditional financial news sources. It's partially what drew me to this field more than Dow Jones' boring ass, heh. – Hahaha yeah. Crypto moves the needle! 

Very educational – Def. Crypto involves many disciplines like economics, computer science, cryptography, sociology etc. 

Futuristic buzz – It is buzzing alright!

crypto news is refreshing and upbeat – Agree. It’s a breath of fresh air.

It is breif and to the point, I also love the interaction with my peers. – Oh I figured you were talking about this newsletter. Thank you for your kind words! 

I keep up with the financial news after 16 years as a RIA, but the crypto world is MUCH more interesting and in my opinion, valuable. – That’s a huge compliment coming from someone like you, who’s had so much experience in the traditional finance world! 

Crypto news has less devils being discussed/featured. – Lmaooo. There are devils everywhere! 

It's where my money is at – Makes sense.

It is THE change I've been waiting for to replace the old financial system. Any news about it are interesting. – It’s great how we’re all rooting for it, and how the army just keeps growing. 

It is like a drug, i am addicted :)!! – The crypto bug has bit ya!

Cryptocurrency is the future. I enjoy learning more about all the different cryptocurrencies and it will be interesting to see which ones survive and are used. – Yeah, got my eyes peeled on that one.  

Not completely, still like to see whats going on in traditional markets – Both are important too!

new bae – 4eva bae 

i do enjoy reading crypto news... more on the projects i have bought & also new stuff happening.. also recently i have noticed that main stream technology & financial websites are covering more & more crypto & blockchain news. – Yeah, its awesome. The shift is finally happening. Exciting stuff!

See you again tomorrow!

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